this post does not make sense. even if you use your amex TE card to enter the costco, you still pay for membership. you just carry 1 less card.
skyrocketing almond prices
You also use your Amex as an ID to enter the store. Using any Visa like this would seem to imply they are waiving the membership fee, and I thought Costco made most of if not all their money on membership fees.
My dad and I would get one of these every trip, almost completely out of principal. I can't fathom why they would have gotten rid of them
You also use your Amex as an ID to enter the store. Using any Visa like this would seem to imply they are waiving the membership fee, and I thought Costco made most of if not all their money on membership fees.
this post does not make sense. even if you use your amex TE card to enter the costco, you still pay for membership. you just carry 1 less card.
skyrocketing almond prices
this post does not make sense. even if you use your amex TE card to enter the costco, you still pay for membership. you just carry 1 less card.
Some issues I mentioned above. Their anti-fraud procedures need some work too. I recently attempted to make a purchase of $14.99 online. I thought it was curious that I received no confirmation email from the vendor. The next day I logged into the Citi site and did not see the charge. Not in pending or anywhere. I didn't want to place the order again with the potential of getting two separate orders so I called Citi first.I'm using my Citi double cash and haven't had much issue on that front. Anything specific?
Yes! I have a citi card.
better Citi than CapitalOne
I wonder if this means I get crappy thank you pts that I have to figure out how to redeem at Costco
So AMEX originally said they would be offering Costco Truereward card holders new card options. Today Costco/Citi announced Citi will be buying the credit accounts from Amex.
So I will gain a Citi Costco Card and get a new AMEX. Correct?
Will Citi maintain my credit limit when they buy the AMEX accounts? Will my new AMEX card have the same limit?
Not that anyone on here can necessarily answer these questions, but they are questions to ponder.
I want to keep my Amex card and limit. Getting a Citi with an equal limit wouldn't be to shabby.
Some issues I mentioned above. Their anti-fraud procedures need some work too. I recently attempted to make a purchase of $14.99 online. I thought it was curious that I received no confirmation email from the vendor. The next day I logged into the Citi site and did not see the charge. Not in pending or anywhere. I didn't want to place the order again with the potential of getting two separate orders so I called Citi first.
It took forever talking to someone for whom English was a second language to get to what I thought was the bottom of it. During the process I got shuffled to two other people and then back. Finally I got through to her that I wanted to know the status of the charge. She at first said she did not see it anywhere but when I pressed her on it, she said she did and correctly gave me the dollar amount. I asked if it had been approved or denied. She said it was approved. The charge never appeared and of course I did not receive the item.
I never heard a peep from their fraud department. So what happened? Who knows? Certainly I don't.
This is but one example of their horrible customer service.
Mine came last week.Have you guys received your cash back check yet? I still haven't gotten mine.
I know what happened in my case. I made charges from two online vendors within seconds of each other. One got flagged. My issue is the total lack of professionalism within their organization.Have you tried their Virtual Account Number feature? I use it for everything I order online (which isn't all that much actually) and never had a problem placing an order. You have to login to Citi to generate a number so I suspect they don't even consider that an order could be fraudulent. And you can set a max amount on your virtual number, so even a shady merchant can't charge you again (or charge you more).
Mine came last week.
Just to weigh in, I can't imagine the replacement Citi cards will carry over the limit the Amex cards had. This isn't a buyout with one bank buying out another. This is essentially a vendor switch for Costco. Citi will be under no obligation to issue cards with the same spending limit. Everyone will have to qualify and I can't imagine that Amex is going to share information with Citi. I would guess that it is illegal for them to even do so.
I will keep the Amex card if they don't require an annual fee. It was fine when it covered the Costco membership as it was the same cost as a membership. I haven't paid for a CC issuer to make money on every one of my purchases in eons and I don't intend to start doing it again.
I read somewhere today that Amex will lose annual revenue from $80 Billion in charges with the departure of the Costco account. It's almost hard to believe that Costco and Amex couldn't hammer out an agreement.
I guess we have to wait and see. In the past, whenever my credit card accounts were sold from one bank to another, I only received the new card from the buyer and not the seller. So based on that, I expect I will receive a new Citi Costco Visa with the same credit limit and no new AMEX card. If I receive another AMEX with no annual fee and the same previous credit limit, that will be fine too. I just don't want annual fee AMEX.
Mine came last week.
Just to weigh in, I can't imagine the replacement Citi cards will carry over the limit the Amex cards had. This isn't a buyout with one bank buying out another. This is essentially a vendor switch for Costco. Citi will be under no obligation to issue cards with the same spending limit. Everyone will have to qualify and I can't imagine that Amex is going to share information with Citi. I would guess that it is illegal for them to even do so.
I will keep the Amex card if they don't require an annual fee. It was fine when it covered the Costco membership as it was the same cost as a membership. I haven't paid for a CC issuer to make money on every one of my purchases in eons and I don't intend to start doing it again.
I read somewhere today that Amex will lose annual revenue from $80 Billion in charges with the departure of the Costco account. It's almost hard to believe that Costco and Amex couldn't hammer out an agreement.
I know what happened in my case. I made charges from two online vendors within seconds of each other. One got flagged. My issue is the total lack of professionalism within their organization.
To answer your question, no I haven't.
Will the cash back scheme be carried over to Citi Costco? Would Amex lose its cash back? If so, why would anybody keep unbranded Amex without the cash back and/or annual fee?
I mean most Costco members can get any credit card they want quite easily (well except the Black Card