Citi Costco Card

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darkguy2
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Citi Costco Card

Postby darkguy2 » Thu Mar 31, 2016 10:00 pm

So it looks like the new Citi Costco card will be mailing out in April. Got my notice in the mail today. Better rewards as well. 4% gas, 3% dining and travel, 2% Costco, 1% rest. Also going to be a Visa Sig.
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)


yfan
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Re: Citi Costco Card

Postby yfan » Sat Apr 16, 2016 10:48 am

I got a package from Citi/Costco last night outlining all the terms. There were some questions about FTF floating around, and it will be 3%, except no fee when used at Costcos worldwide.

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CarefulBuilder14
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Re: Citi Costco Card

Postby CarefulBuilder14 » Sat Apr 16, 2016 11:25 am

yfan wrote:I got a package from Citi/Costco last night outlining all the terms. There were some questions about FTF floating around, and it will be 3%, except no fee when used at Costcos worldwide.

I was wondering about that. So much for 4% on gas worldwide.

(Not that I wanted one, anyway.)
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

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Re: Citi Costco Card

Postby CreditCardGuru » Sat Apr 16, 2016 12:35 pm

Here is our review of the new Citi Costco card for more details:

blog/costco-credit-card/

TXviking
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Re: Citi Costco Card

Postby TXviking » Sat Apr 16, 2016 8:50 pm

CreditCardGuru wrote:Here is our review of the new Citi Costco card for more details:

blog/costco-credit-card/


Thanks for the review! I'm affected by the changeover, and it's good to know I won't incur a HP. One concern I have is that my CostCo AmEx card has an AmEx-style "Customer since 1997" on it. Will this be inherited by the new CitiBank card; if not, does that mean this changeover will hurt my AAoA?

(I'm particularly concerned because I'm planning to close a United MC I've had since the Continental Airlines days; worried that losing two old accounts in a short span will hurt my AAoA significantly.)

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Re: Citi Costco Card

Postby CreditCardGuru » Sat Apr 16, 2016 9:11 pm

TXviking wrote:
CreditCardGuru wrote:Here is our review of the new Citi Costco card for more details:

blog/costco-credit-card/


Thanks for the review! I'm affected by the changeover, and it's good to know I won't incur a HP. One concern I have is that my CostCo AmEx card has an AmEx-style "Customer since 1997" on it. Will this be inherited by the new CitiBank card; if not, does that mean this changeover will hurt my AAoA?

(I'm particularly concerned because I'm planning to close a United MC I've had since the Continental Airlines days; worried that losing two old accounts in a short span will hurt my AAoA significantly.)


I think since Citi technically acquired the account receivables of the Costco AmEx portfolio your original date of account opening should remain intact at the bureau. However, it might be worth contacting Citi to verify. Otherwise, it might be prudent to keep your United card for AAoA purposes. I don't know if Chase offers a no-fee downgrade card option but I was able to get one when I called to cancel an American Airlines AAdvantage Platinum a few years back - Citi offered me a Bronze version that earned one mile per $2 in spend. I only use it once a year but it's useful for keeping my frequent flyer miles from expiring.

TXviking
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Re: Citi Costco Card

Postby TXviking » Sat Apr 16, 2016 9:35 pm

Chase does offer a no-fee United card, but I am sufficiently annoyed with United (long story short: one cracked iPad, one bent MacBook Pro that they damaged and are completely unapologetic about) that I don't even want to keep their card if it's free. :mad:

I posted in the Rewards forum to see what I can do to utilize my miles without benefiting United. They currently expire in 2017.

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Re: Citi Costco Card

Postby CreditCardGuru » Sat Apr 16, 2016 10:02 pm

TXviking wrote:Chase does offer a no-fee United card, but I am sufficiently annoyed with United (long story short: one cracked iPad, one bent MacBook Pro that they damaged and are completely unapologetic about) that I don't even want to keep their card if it's free. :mad:

I posted in the Rewards forum to see what I can do to utilize my miles without benefiting United. They currently expire in 2017.


I can understand your annoyance with United. If the damage was recent and you charged the tickets with your Chase United Explorer card you might be able to get the damages covered under Chase's lost/damaged luggage insurance (which covers losses caused by carriers up to $3,000): https://www.chase.com/online/Credit-Car ... on-new.htm

Obscure cardmember benefits can come in handy - for example last year I purchased some gaming software online and tried to download to my home computer but found out I didn't have the necessary graphics card, which rendered the software useless. The software company wouldn't give me a refund but I emailed my card issuer (Citi) and they gave me a full refund, no questions asked. Apparently I had purchase protection coverage that I wasn't aware of, but I'm glad I asked.

Concerning the AAoA value of your United card, you might also be able to product trade to another Chase card and keep the history while getting away from United.

Good luck.

TXviking
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Re: Citi Costco Card

Postby TXviking » Sat Apr 16, 2016 10:08 pm

That trip was a business trip and paid for by my employer. And Chase will only PC a United card for another United card. I checked. Thanks for the suggestions though!

kdm31091
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Re: Citi Costco Card

Postby kdm31091 » Sun Apr 17, 2016 4:16 pm

TXviking wrote:That trip was a business trip and paid for by my employer. And Chase will only PC a United card for another United card. I checked. Thanks for the suggestions though!


Unfortunately, that's usually the situation with cobranded cards like United. You can only upgrade or downgrade with the United "family".



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