Citibank gets Costco Credit Card Deal

[yfan]

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@thelethargicage wrote:

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@thom02099 wrote:

Additional.  This article from Fortune, is more focused on Visa as the network, rather than Citi as the co-branded issuer:

Visa Wins Costco

Addendum:  I think it was a disservice for moderator movement of this from the Credit Card forum to the In The News forum.  Just my opinion.

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+1

It's gonna die a slow death in this forum.

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On the other hand, sticking to the guidelines - this IS after all just news, nothing specific about the Citi cobranded Costco card is yet known - may be a good way to attract people to subforums other than just the credit card one.

[Anonymous]

If they start taking Visa I might actually shop their again since I cant get in with Amex for 7 more years (IIB). I must get rewards on my food shopping !

[Anonymous]

there not their--what the heck auto correct!

[Creditaddict]

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@Anonymous wrote:

If they start taking Visa I might actually shop their again since I cant get in with Amex for 7 more years (IIB). I must get rewards on my food shopping !

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get the executive membership and you would still get 2%, you would just loose the 1% from the costco amex... I usually use our fidelity amex at costco so in total I'm getting 2% on fidelity and 2% on executive = 4%!

[yfan]

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@starry1 wrote:

So can I use a Visa at Costco now, or are they only taking Visas issued by Citi?

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No, not now. Beginning April 1, 2016, Costco will accept Visa cards exclusively (as credit), and Citi will be the exclusive cobranded issuer.

[yfan]

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@Anonymous wrote:

there not their--what the heck auto correct!

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You know you can edit your posts here. 

[Anonymous]

This topic was already moved over from this forum to the Credit in the News section. This will probably be merged into that thread again.

[EddieK]

I wonder since Citi bought the portfolio, if my TE card will automatically be switched over to a Citi card?

[ways2go]

oh great, the one bank I'm blacklisted from.

[yfan]

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@EddieK wrote:

I wonder since Citi bought the portfolio, if my TE card will automatically be switched over to a Citi card?

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Well, Citi is anticipated to be purchasing the portfolio from Amex, so the answer to that question is a qualified yes. But Citi probably has its own credit criteria and it may want to re-evaluate limits, eligibilty, etc. even if it doesn't do a hard pull.