Amex, Costco to end partnership March 31, 2016...

[vanillabean]

"03/02/15 -- Costco Wholesale Corporation (NASDAQ: COST) today announced it has entered into a new co-brand credit card program agreement with Citi and an acceptance and co-brand incentive agreement with Visa. The implementation of these agreements is subject to the purchase of the existing co-brand credit card portfolio by Citi."

Costco Enters Into a Long Term Co-Brand Credit Card Agreement With Citi and an Acceptance and Co-Bra...

[takeshi74]

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@Anonymous wrote:
After reading fourms all day, I can't seem to find an answer as to which Amex card will be replacing the Costco true earnings once Costco ends it's contract on March 31st 2016.

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Probably because they haven't announced it yet. 

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@Anonymous wrote:

I looked up the simply cash but who wants 5% back on office supplies?

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Plenty do.  Never assume "I don't" means "no one does".  If AmEx was basing their decision on what you want then you could probably tell us what the new card would be.  All we can go on is history and what happened in Canada seems most relevant to me.  We'll just have to wait and see to find out for certain.

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@Anonymous wrote:

And it says it's considered a business card, which makes sense if your in need of those supplies for business owners .

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The Canadian SimplyCash isn't a business card but it does have the same design as the American Blue Cash.  Rewards are different though.

https://www.americanexpress.com/ca/en/content/simply-cash/

[Gunnar419]

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@Imperfectfuture wrote:

Not insider gossip, widely reported in financial news. Even google has it.

Just say you PM me 50 each when it turns out I'm right, 'Kay?

PS, someone still owes me 2k from the 80's when I predicted the credit collapse around 2010 was my date. You should see what I have for around (approx dates using bell curve) 2020 and 2060!

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LOL, guess IOU.

[AvadaKedavra]

AMEX also has to replace the JetBlue card. I wonder what that will turn into...

[Anonymous]

1.25% on everything with the Simply Cash?  Amex has to do better than that to entice me... I'd prefer the ED card or the BCE card, not that I'd use either.

Might consider temporarily severing ties with Amex as their offering doesn't really interest me.  If they came out with a card that yielded 2x MR points on everything with no AF, THAT would get my attention.  But that wont ever happen.  Hopefully they reinstate my MSD when I'm ready to come back.

[Imperfectfuture]

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@Gunnar419 wrote:

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@Imperfectfuture wrote:

Not insider gossip, widely reported in financial news. Even google has it.

Just say you PM me 50 each when it turns out I'm right, 'Kay?

PS, someone still owes me 2k from the 80's when I predicted the credit collapse around 2010 was my date. You should see what I have for around (approx dates using bell curve) 2020 and 2060!

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LOL, guess IOU.

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I take Paypal (but your buddy needs to chime in). 

Dontcha  wanna know about 2020, or 2060?

Better yet, who wants some stock picks?  Before I was imperfectfutture, for years future insights, but someone stole my name and idea (I was a developer once).  However, these nicknames came from the 2007 time frame when I was saying - CASH OUT, CASH OUT. heehee (everything happens for a reason).

[bdhu2001]

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@uswala wrote:

If Costco goes with Cap One MC like Canada, I would not mind a bit. At least then they will accept MC and I can use my Citi DC to get 2% cashback like I get now with my Fidelity Amex. 

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I'd like to point out that our current Exec card/membership does better than that.  We get 3% on Costco & gas and another 2% on restaurants from AmEX.  In addition, we get a separate check from Costco for our Costco purchases. I like receiving two checks per year.  One pays for my membership and puts a little cash in my pocket.  The second check is just pure pocket cash.

Anyway, if the new card has similar benefits, I may be tempted to apply for it.  If the AmEX card that they switch us to gives us 2% or more on restaurants and better grocery benefits, then that'll give me incentive to put the AmEX card to use after the Costco relationship ends. 

[bdhu2001]

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@Emyshor wrote:

Here is the Capital One Platinum (for Costco users) in Canada:

http://www.capitalone.ca/credit-cards/costco/?Log=1&EventType=Link&ComponentType=G&LOB=MTS%3A%3ALCTM...

Only 2% for gas

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I note that it doesn't list anything special about Costco purchases.  Currently we get at least 3% at Costco or co-branded cards.  

[Imperfectfuture]

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@Imperfectfuture wrote:

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@Gunnar419 wrote:

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@Imperfectfuture wrote:

Not insider gossip, widely reported in financial news. Even google has it.

Just say you PM me 50 each when it turns out I'm right, 'Kay?

PS, someone still owes me 2k from the 80's when I predicted the credit collapse around 2010 was my date. You should see what I have for around (approx dates using bell curve) 2020 and 2060!

---

LOL, guess IOU.

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I take Paypal (but your buddy needs to chime in). 

Dontcha  wanna know about 2020, or 2060?

Better yet, who wants some stock picks?  Before I was imperfectfutture, for years future insights, but someone stole my name and idea (I was a developer once).  However, these nicknames came from the 2007 time frame when I was saying - CASH OUT, CASH OUT. heehee (everything happens for a reason).

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In fact, I just found my copyright to future insights from 2008.  How does one go about enforcing this?

[Anonymous]

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@Imperfectfuture wrote:

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@Imperfectfuture wrote:

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@Gunnar419 wrote:

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@Imperfectfuture wrote:

Not insider gossip, widely reported in financial news. Even google has it.

Just say you PM me 50 each when it turns out I'm right, 'Kay?

PS, someone still owes me 2k from the 80's when I predicted the credit collapse around 2010 was my date. You should see what I have for around (approx dates using bell curve) 2020 and 2060!

---

LOL, guess IOU.

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I take Paypal (but your buddy needs to chime in). 

Dontcha  wanna know about 2020, or 2060?

Better yet, who wants some stock picks?  Before I was imperfectfutture, for years future insights, but someone stole my name and idea (I was a developer once).  However, these nicknames came from the 2007 time frame when I was saying - CASH OUT, CASH OUT. heehee (everything happens for a reason).

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In fact, I just found my copyright to future insights from 2008.  How does one go about enforcing this?

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Send a cease and desist message to the forum mods.