Cancel Amex Costco Card?

gingerdad · ‎07-23-2015

I have had an Amex Costco card for a number of years and trying to figure out best way forward now that they are discontinuing relationship.

The costco card is one of 3 amexs on the personal side (I also have a gold card for my business); does it make sense to simply cancel the costco card?

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Anonymous · ‎07-23-2015

If you have no need for it, move the limit unto another card and then close it.

Anonymous · ‎07-23-2015

What is your rush? Just wait until they offer you a replacement card and take it.

SunriseEarth · ‎07-23-2015

@Anonymous wrote:
What is your rush? Just wait until they offer you a replacement card and take it.

That's my plan. I intend on waiting to see if AMEX offers a PC. I really don't want to close my TE, since it's backdated to 1998.

morgacj2004 · ‎07-23-2015

I heard that Barclays would be replacing the Costco AX. Has anyone heard about this? I have a Costco Exec membership but never was able to get the AX card. I do have several BC.

AX Hilton Aspire 20k, AX Bonvoy Brilliant 15k, AX BCP 2k, AX Blue Bus Cash 15k, AX Delta Air Platinum 49k, (AU) AX Delta Gold 15k, AX Amazon Prime Bus 25k, BC Uber 29k, AKUSA FCU -10k , CITI AAdvantage Exec World Elite MC 16.5k, Discover (2) 16k, Kohls-4k, VS Comenity $3k, BofA AK Air Siggy 9.8k, WF Propel AX 5k, JCP $10k PFCU Plat Rewards Siggy 39.5k, PFCU Power Cash Rewards AX 10.5k, NFCU Flagship 50k, CLOC 15k, CITI Costco 9.5k, GAP VISA Synchrony $9k,Target MC 9k, Ulta MC Comenity 9k, Pay Pal 1k, CO Venture One 23k, US Bank Radisson Rewards Signature 10k, US Bank Fred Meyers World MC, 11k, US Bank Plat VISA 15.7k, VS Comenity 2k, 240k total available credit. Utiliz-2%, Current FICO EQ-724, EX 763,TU 802 ,Chapt 7 BK D/C 11-2012. Starting scores 520-550

Creditaddict · ‎07-23-2015

@morgacj2004 wrote:
I heard that Barclays would be replacing the Costco AX. Has anyone heard about this? I have a Costco Exec membership but never was able to get the AX card. I do have several BC.

Citi is replacing the Costco Amex with MasterCard.

SunriseEarth · ‎07-23-2015

@Creditaddict wrote:
@morgacj2004 wrote:
I heard that Barclays would be replacing the Costco AX. Has anyone heard about this? I have a Costco Exec membership but never was able to get the AX card. I do have several BC.
Citi is replacing the Costco Amex with ~~MasterCard~~.

Visa. And on April 1st, Costco will accept all Visa cards as payment.

morgacj2004 · ‎07-23-2015

That is good news I can use my BC Visa. Still cant get a CITI card due to having a BK reporting.

AX Hilton Aspire 20k, AX Bonvoy Brilliant 15k, AX BCP 2k, AX Blue Bus Cash 15k, AX Delta Air Platinum 49k, (AU) AX Delta Gold 15k, AX Amazon Prime Bus 25k, BC Uber 29k, AKUSA FCU -10k , CITI AAdvantage Exec World Elite MC 16.5k, Discover (2) 16k, Kohls-4k, VS Comenity $3k, BofA AK Air Siggy 9.8k, WF Propel AX 5k, JCP $10k PFCU Plat Rewards Siggy 39.5k, PFCU Power Cash Rewards AX 10.5k, NFCU Flagship 50k, CLOC 15k, CITI Costco 9.5k, GAP VISA Synchrony $9k,Target MC 9k, Ulta MC Comenity 9k, Pay Pal 1k, CO Venture One 23k, US Bank Radisson Rewards Signature 10k, US Bank Fred Meyers World MC, 11k, US Bank Plat VISA 15.7k, VS Comenity 2k, 240k total available credit. Utiliz-2%, Current FICO EQ-724, EX 763,TU 802 ,Chapt 7 BK D/C 11-2012. Starting scores 520-550

Anonymous · ‎07-23-2015

@gingerdad wrote:
I have had an Amex Costco card for a number of years and trying to figure out best way forward now that they are discontinuing relationship.

The costco card is one of 3 amexs on the personal side (I also have a gold card for my business); does it make sense to simply cancel the costco card?

I'm pretty sure (because there are few sure bets in the world) that Amex will offer you something different w/no hard pulls or prequal questions. But why not wait to see if Citi offers something too? Hard to say, but they may....who knows? I'm hanging onto mine till the dust settles.

Anonymous · ‎07-23-2015

I'll wait for the card to get moved to Citi (they bought the portfolio so there's a big chance we'll all get new cards from them), then i'll move the limit over to my other Citi Cards.

I heard AmEx will also offer replacement cards without new Hard Pulls so i'm waiting on that as well.