@Anonymous wrote:
Schedule 4.06(a) (towards the bottom) covers the rewards and corresponds with the 3/2/1 system currently in place and mentioned above.
Ahh, it is good to have counsel on board to explain the intricacies of such wordings
. Thanks for the explaination.
I wonder how they are going to be as far as approving. I would think they would have to relax their standards a little bit per Costco, but I could be wrong. Time will tell once we see in the "approvals" section here, whose getting approved, their scores,baddies etc...
@pizza1 wrote:
I wonder how they are going to be as far as approving. I would think they would have to relax their standards a little bit per Costco, but I could be wrong. Time will tell once we see in the "approvals" section here, whose getting approved, their scores,baddies etc...
Hup 2 3 4 
@Anonymous wrote:Found this information on FT (apparently poster got it from Doctor of Credit) and I havent seen it posted here yet.
The new card(s) due out in April will have these rewards structures:
Personal credit card details
- No annual fee
- 3% on the first $4,000 of gas, 1% thereafter
- 2% on travel and at US restaurants
- 1% on all other purchases including Costco
Business credit card details
- No annual fee
- 4% on the first $7,000 of gas, 1% thereafter
- 2% on travel and at US restaurants
- 1% on all other purchases including Costco
Thanks for posting this Irish!
I'll be waiting for the official release from Citi before I make any moves on what I want as my Costco card, but if they do introduce this exact same rewards structure as was in place then that is absolutely garbage. A terrible move on Citi's part. They were promising a "new and exciting" rewards program that was going to come out (one that I had hoped would be competitive with the Sam's CC), but this is literally the exact same thing, different issuer.
It poses a question: Unless they offer some kind of sign up bonus that makes it worth while (Say maybe free Executive membership for a year?) I see no incentive for everyone that has an existing TE, to want to undergo the conversion process and possibly deal with a new account showing up on the CRAs, when they could just use an existing VISA, earn the same level or better of rewards for in-warehouse purchases, and save the time and hassle of moving over to Citi.
