Reaction to the Costco conversion from Amex to Visa

[TiggerDat]

Waiting patiently to find out the rewards structure.  I am a bit happy I don't have a CostCo Amex as I am uncertain how this conversion will go since there seems to have been a few snags.  I wonder if the cards do get transferred over to Citi, will the date of opening be the new card or the Amex date?  Also, what if you got the account backdated when Amex did that and will Citi still honor that?  Is that one of the issues that Citi is running into with moving the accounts over?  Is the backdating interfering with the computer looking at the account opening date being different from the backdating?  Is the computer saying, "Does not compute?"  Will we have a HAL9000 issue because of this?

[celluloid17]

I wish Costco would have went with MC instead of Visa in the US, then I could use my Citi Double Cash.  I'm sort of indifferent to the change in general and I'm not sure I'm even going to keep a Costco cobranded card, especially if it only offers 1% back on Costco spend.  I have a Fidelity Amex that I'm waiting for to be automatically converted to the Visa version later this year and that will probably become my defacto Costco credit card (although, I don't even know if I want to keep that card either). 

[Anonymous]

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@celluloid17 wrote:

I wish Costco would have went with MC instead of Visa in the US, then I could use my Citi Double Cash.  I'm sort of indifferent to the change in general and I'm not sure I'm even going to keep a Costco cobranded card, especially if it only offers 1% back on Costco spend.  I have a Fidelity Amex that I'm waiting for to be automatically converted to the Visa version later this year and that will probably become my defacto Costco credit card (although, I don't even know if I want to keep that card either). 

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You can always get the Fidelity 2% Visa or a CapOne QS Visa for 1.5% back.

[Anonymous]

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@Anonymous wrote:

I've been really curious how cardholders feel about this.  I'd enjoy reading replies from people who have the Costco Amex and their thoughts and feelings about the conversion.

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Meh. The old card's rewards weren't great and the new card's rewards are the same blasé rewards as the old one. There needs to be a napping smiley for occassions like this.

[EC341]

Hi;

 I recently got the Amex Blue Cash Everyday they were offering every time I logged on. I got the same 20K credit line I have with the Costco card. When the Costco card is cancelled in June, will I be able to add the Costco credit line to my new BCE making it 40K, or no, since I got a new card to replace it? And what happens if I have a balance on my Costco card. Does that get transfered over to BCE?

Thanks

[EddieK]

I have a TE's card, but am indifferent to the switch.  I won't be switching my TE to a BCE as I already have two other Amex cards.  As for the new Citi card, it doesn't matter to me as I'm not a Citi fan.

[EC341]

I found the answer on their site. If you have a balance on your Amex Costco card, it will be tranferred to your new account with Citibank. You will not be required to pay your balance in full to Amex when it is transferred to Citibank. So if you don't want the new Citibank card, make sure you have a zero balance on your AMEX costco card.

[quizzert]

How to stop getting the new citi visa card? I have the costco amex TE card and dont want to get the citi visa one.

I will use some other visa card.

Is there a way to PT the costco amex to amex everyday cash or some other amex without HP.

Thanks

[deltatee]

I personally am not terribly pleased at the moment. I think it is mostly because the TE was my only amex, and I am not happy about taking a HP and an AAOA hit to accept their BCE offer to stay with Amex. Also, the TE rewards are worthless to me. The only reason I kept it was to use at Costco and because it was my only amex. I'm also not optimistic about the Citi card. I don't need another Visa and certainly not with lackluster rewards. Therefore, I anticipate moving my TE limit to my new BCE then closing the card.

Ultimately though, I think I'll actually be pleased with the change. The BCE is a much better card for me, and I can start earning more rewards on my Costco spend.

[slicemans]

I will ending up closing because there are better cards to use. I go there moslty for gas.