topic Re: Amex and Costco ,Hints! in Credit Cards

Amex and Costco ,Hints!

Anonymous — Tue, 14 Apr 2015 00:09:14 GMT

As we're getting closer to crunch time with our ending of Amex and Costco partnership, today I got a small hint! I was chatting with a representative about a product change with our TE card. Im a Costco employee actually and have been reading your forums through myfico , great learning tool btw. Anyways,the rep said that at the moment there is no available product to convert the costco card into, However ! they will let us know in written as soon as the BCE card options become available. I then asked him about the BCP if we had the option, he said yes, you would just have to pay the AF. So hold on in there! no applications needed just patinces for a product change, he said. He also then said "Please be assured that amex is always here to back you up we always look forward for the best available options for our valuable cardmembers so that you could relish the memberships with amex just like you have always had. Its a small relief, ill take it as i dislike Citi very much. I would like to continue my businesses with American Express!

Re: Amex and Costco ,Hints!

Anonymous — Tue, 14 Apr 2015 00:12:35 GMT

When AmEx and CostCo part ways will that mean CostCo will stop accepting American Express cards?

Re: Amex and Costco ,Hints!

Anonymous — Tue, 14 Apr 2015 00:13:45 GMT

yes! they will be accepting all visa's

Re: Amex and Costco ,Hints!

Anonymous — Tue, 14 Apr 2015 00:14:25 GMT

They will leave AmEx for visa? This happens 2016 right'

Re: Amex and Costco ,Hints!

Anonymous — Tue, 14 Apr 2015 00:15:25 GMT

end of March yes 2016

Re: Amex and Costco ,Hints!

Anonymous — Tue, 14 Apr 2015 00:28:54 GMT

I'm not about to pay an annual fee for the BCE.

Re: Amex and Costco ,Hints!

Anonymous — Tue, 14 Apr 2015 00:31:05 GMT

there's no AF for the BCE only for the BCP

Re: Amex and Costco ,Hints!

Anonymous — Tue, 14 Apr 2015 00:31:05 GMT

@Anonymous wrote:
I'm not about to pay an annual fee for the BCE.

The BCE doesn't have an annual fee.

Re: Amex and Costco ,Hints!

Anonymous — Tue, 14 Apr 2015 00:37:50 GMT

I thought so but racer said "you would just have to pay an annual fee."

Re: Amex and Costco ,Hints!

MASTERNC — Tue, 14 Apr 2015 00:38:56 GMT

I was hoping I would be able to convert the card to one of the Charles Schwab products AMEX is supposedly offering next year. I already have BCE and have no interest in another account.

Re: Amex and Costco ,Hints!

Santi78342 — Tue, 14 Apr 2015 00:40:04 GMT

@Anonymous wrote:
I thought so but racer said "you would just have to pay an annual fee."

That was in reference to PCing to the BCP.

Re: Amex and Costco ,Hints!

Anonymous — Tue, 14 Apr 2015 00:40:34 GMT

I don't understand why they just don't keep the current card and just revamp the reward structure. I have no interest in the BCE or the Citi card.

Re: Amex and Costco ,Hints!

longtime_lurker — Tue, 14 Apr 2015 01:03:18 GMT

@Anonymous wrote:
I don't understand why they just don't keep the current card and just revamp the reward structure. I have no interest in the BCE or the Citi card.

Pretty sure the deal is contingent on Citi aquiring the portfolio. Obviously AMEX wants to minimize how much swipe revenue they will lose, so they are looking to convert as many as possible near that contract end date.

Re: Amex and Costco ,Hints!

Anonymous — Tue, 14 Apr 2015 01:05:51 GMT

That is correct "longtime_lucker"

Re: Amex and Costco ,Hints!

Anonymous — Tue, 14 Apr 2015 01:12:19 GMT

Gotcha. So they want people to switch before Citi takes over. Duh. Moving along...lol.

Re: Amex and Costco ,Hints!

Anonymous — Tue, 14 Apr 2015 01:16:35 GMT

@tjhallow 😉

Re: Amex and Costco ,Hints!

Anonymous — Tue, 14 Apr 2015 01:18:23 GMT

Your an employee of Costco? Have you heard anything about the new citi card?

Re: Amex and Costco ,Hints!

Anonymous — Tue, 14 Apr 2015 01:19:42 GMT

I've got a BCP so wouldn't need a BCE (I don't think). But can the BCE be PC'd into something else down the line?

Re: Amex and Costco ,Hints!

Anonymous — Tue, 14 Apr 2015 01:23:27 GMT

Yes I am and what ive heard.. Could be rumours but, I heard that our percentage for cash back would be greater somakes sense, not sure but I keep hearing 5% on gas only thing is that citi doesn't give large CLI like Amex does so take that into consideration I've heard people transferring their TE into other Amex cards and leaving them at a low cl because of this issue

Re: Amex and Costco ,Hints!

Anonymous — Tue, 14 Apr 2015 01:27:06 GMT

I'm sure it could tortoise wins.. It's not considered a co-brand card but not too sure on that.