Costco & Amex

Where you can talk about store credit cards, like gas station cards, department store cards, etc.
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ingramjuan
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Costco & Amex

Postby ingramjuan » Sun Dec 07, 2014 10:21 pm

Has anyone heard anything on Costco coming out with their own branded card?
CARDS:
Capital One Platinum (2001) |Capital One QuickSilver World (2002) | Amex Gold Delta (2013) | Best Buy Visa (2013) |Discover It (2015) | Amex Platinum (2015)

Gardening Since: June, 2015

Next Cards:
Personal: Chase Freedom Unlimited
Business: Amex Plum
Store Card: Lowes


darkguy2
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Postby darkguy2 » Mon Dec 08, 2014 7:29 am

Are you talking about a Costco branded Amex? If so then they already have one.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)

ingramjuan
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Postby ingramjuan » Mon Dec 08, 2014 9:50 am

Nope, was talking about their own branded card without AMEX?
CARDS:
Capital One Platinum (2001) |Capital One QuickSilver World (2002) | Amex Gold Delta (2013) | Best Buy Visa (2013) |Discover It (2015) | Amex Platinum (2015)

Gardening Since: June, 2015

Next Cards:
Personal: Chase Freedom Unlimited
Business: Amex Plum
Store Card: Lowes

darkguy2
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Postby darkguy2 » Mon Dec 08, 2014 11:03 pm

In that case I do not know.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)

takeshi
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Postby takeshi » Tue Dec 09, 2014 8:45 am

ingramjuan wrote:Nope, was talking about their own branded card without AMEX?

Subject is a bit confusing if that was the intent. I haven't heard anything but odds are Costco would have to cobrand with some financial institution.

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otter
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Postby otter » Tue Dec 09, 2014 8:39 pm

I know Costco has ended their relationship with Amex in Canada and it is rumored that they are considering doing the same in the US.
In my Wallet:
  • Amex PRG NPSL[3-14, bd 91]
  • Sallie Mae MC $8000[1-14]
  • Chase Freedom $4700[1-14]
  • Discover It $2750[8-13]
  • BoA UCF Alumni Cash Rewards $5000 [3-15]
Sometimes in my Wallet:
  • GM BuyPower WEMC $5000[9-14]
  • Wells Fargo Propel 365 Amex $7000[4-14]
  • Barclaycard Arrival WEMC $7000[3-14]
  • BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450

flan
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Postby flan » Tue Dec 09, 2014 10:36 pm

otter wrote:I know Costco has ended their relationship with Amex in Canada and it is rumored that they are considering doing the same in the US.


They're rebidding the contract. What they'll do I doubt even they know. They may get a better deal from amex; they might get a large bank and a network to give them a better deal than amex will, like Cap1 and MC in .ca; they might get a good co-branded card deal, and take multiple types of cards.

Costco does, or used to, have a card that was good only in store. It was backed by hsbc (now cap1). There is still a business account that's not amex, also by cap1, and also a fleet fueling card. they don't like to admit these things exist, though, which is probably an AMEX requirement.

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CarefulBuilder14
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Postby CarefulBuilder14 » Thu Feb 12, 2015 10:31 am

Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when

popamode72
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Postby popamode72 » Thu Feb 12, 2015 1:03 pm

CarefulBuilder14 wrote:On 3/31/16, US Costco will no longer accept Amex. That contract was 8% of Amex's transaction volume.

http://finance.yahoo.com/news/costco-stop-accepting-amex-cards-133314755.html;_ylt=A0LEVx2v1NxUkYAAnBVXNyoA;_ylu=X3oDMTByMjB0aG5zBGNvbG8DYmYxBHBvcwMxBHZ0aWQDBHNlYwNzYw--


I'm curious to know who might fill in the Amex void over at Costco. I really hope CapOne doesn't get their hands on this one. Perhaps Chase or Barclays could be a possibility.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

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PlyrStar93
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Postby PlyrStar93 » Thu Feb 12, 2015 2:17 pm

Even if Capital One does take over the Costco co-branded card, hopefully Costco still accepts a certain card network (Visa or MC), so there is no need to get a Capital One card just for using in Costco. With cards in a certain network, it may still be possible to get rewards equal to or better than the Costco card.
Citi Forward Visa $5000 10/2012 | American Express Blue Cash Everyday $8000 2/2014 | Discover it $7000 5/2014
Chase Freedom Visa Signature $7000 6/2014 | Citi ThankYou Premier Visa Signature $5000 1/2015
All EMV.



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