What happens to our Amex TE cards if Costco and Amex divorce?

[Anonymous]

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@14Fiesta wrote:

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@Anonymous wrote:

Interesting. Overall it wouldn't make a huge difference to me, except that:

1. I just squandered an inquiry on the Fidelity AmEx card, my only 2% CashBack card, with the specific justification that I'd be able to use it at CostCo, unlike an MC/Visa. I'd probably opt to apply for the Citi DoubleCash card and use that at CostCo and elsewhere and the Fido would start gathering dust in the sockdrawer.

2. I'd probably save a little on gas by buying it at CostCo. Currently I rarely get gas at CostCo, because the pumps only accept AmEx and my best AmEx for gas is the TE Business at 4%. By contrast, I can use my SallieMae card for 5.5% at other stations. So unless the CostCo price is at least 1.5% lower than other stations in the area (which is almost never the case), I go elsewhere so I can use my SM card. But if the CostCo gas pumps start taking MasterCard, I'd be able to use my SallieMae for 5.5% off gas at CostCo (as I currently do at Sam's).

Chris.

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Is that a typo or is Sallie 5.5%? I thought it was only 5%

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It's 5% on the card, but if you open a SallieMae Savings account and transfer your rewards via UPromise, you get a 10% year-end bonus on all earnings.

Chris.

[yfan]

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@Anonymous wrote:

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@yfan wrote:

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@Anonymous wrote:

as long as they will accept either mastercard or visa, i don't care which card company they go with, it could be credit one for all I care.

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Take that back! 

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Fine, First Premier then.

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What is this, give-yfan-heart-attack day?

[IcEWoLF]

Well it would truly suck! I ejoy AMEX and their customer service...I would hate it if they went with Capital One.

[14Fiesta]

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@IcEWoLF wrote:

Well it would truly suck! I ejoy AMEX and their customer service...I would hate it if they went with Capital One.

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However, if they did go the Cap One route, it would mean MasterCard is open season at Costco. Can you say Double Cash? 

[Anonymous]

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@14Fiesta wrote:

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@IcEWoLF wrote:

Well it would truly suck! I ejoy AMEX and their customer service...I would hate it if they went with Capital One.

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However, if they did go the Cap One route, it would mean MasterCard is open season at Costco. Can you say Double Cash? 

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Only if SallieMae added Costco to groceries.

[thelethargicage]

It would be a shame if they eliminated the TrueEarnings card--it's the only CB Amex that offers a dining category.

[TheGardner]

Don't issuers usually transfer customers along with contracts to the new contract holders?

I "think " TE holders belong to Costco rather than Amex and would be transferred to whoever gets the new contract.

Not saying Amex can't offer a new card just that it would be a new account and the old now transferred TE card would still be open under new ownership.

Just my. 02

[Turbobuick]

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@Anonymous wrote:

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@14Fiesta wrote:

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@IcEWoLF wrote:

Well it would truly suck! I ejoy AMEX and their customer service...I would hate it if they went with Capital One.

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However, if they did go the Cap One route, it would mean MasterCard is open season at Costco. Can you say Double Cash? 

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Only if SallieMae added Costco to groceries.

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5% off already (relatively) cheap Costco gas would be very nice. It would help offset that big new gas tax we will get slammed with on Jan 1st in California.

[Anonymous]

What tax?

[Turbobuick]

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@Anonymous wrote:
What tax?

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http://www.usnews.com/opinion/economic-intelligence/2014/09/10/california-carbon-gas-tax-could-cost-drivers-big