Makes sense to me.
A huge portion of Amex is for corporate purchases (travel, equipment, etc.).
Whereas Visa/MC is used for everything.
For instance, I use my Visa for a $1 soda, etc.
Makes sense to me.Really? These numbers don't sound right. Besides, what does average purchase price has to do with anything? Total purchase per customer or total purchase period would make a reasonable matrix.
Haha, wow. Very insightful.
And now I hate Amex even more. Good riddance.
I was a lifelong Visa fanboy, forced to get Amex due to Costco.
Now I can go back to 100% Visa.
Visa, it's everywhere you want to be.
There's probably some kind of forced arbitration clause, and waiving of rights to pursue any kind of legal action against any of the companies involved.Did you check the fine print of your amex card to see if there is anything that covers this before you starting throwing around 'class action lawsuit'?
Really? These numbers don't sound right. Besides, what does average purchase price has to do with anything? Total purchase per customer or total purchase period would make a reasonable matrix.
Makes sense to me.
A huge portion of Amex is for corporate purchases (travel, equipment, etc.).
Whereas Visa/MC is used for everything.
For instance, I use my Visa for a $1 soda, etc.
There's probably some kind of forced arbitration clause, and waiving of rights to pursue any kind of legal action against any of the companies involved.
As a Costco member and AmEx credit card holder, I got news for ShitiBank. They are never going to get my business. Will be keeping my AmEx card by switching to another benefit program and shopping at Costco with one of my Chase reward cards.
Yes, but why do you want it to transition to the new card if it say... has a sign-on bonus? You won't be given the sign-on bonus since it's not a normal application.
Oh and since you already have the card (through AMEX transitioning it), you are no longer eligible for a sign on bonus. Congrats!
That's the only issue I have as well as preserving my credit history.
You wouldn't be given any bonuses by keeping the old card either.
... and shopping at Costco with one of my Chase reward cards.
Incorrect.You can do that? I thought that if you are not going to use the Citi Visa card the only other option is cash at Costco.
Actually the letter says pretty much that you won't have to apply, you'll get the card automatically. However, I imagine that you will receive a letter telling you that you will get the card unless you opt out.This.
I suspect you'll get nothing more than an application in the mail. Or two. Or three. Or one every month for the rest of your life.
Agree, but my main concern is keeping the credit line running I suppose....
And in general, I fucking hate Citi. I have their dividend rewards card (Rotating 5% categories). HOLY Shit. God forbid you do something like have a category that Chase or Discover hasn't chosen. Nope. They always go with one of the competitor choices. That card for me has been sock drawered for the longest time.
What about those of us who already have an existing Citi credit card and another Amex (such as BCE or BCP)?
I had a US Airways credit card (issued by Barclay). After their merger with American, I received a new American Airlines credit card (from Citi) without applying for it...
Well, here's a question, then. I have had my Costco Amex card something like 15 years? I had no other Amex card until I applied for and received their Blue Every Day card, with bonus sign up around 3 weeks ago. When I call customer service they mention my 15 years with Amex. Now, when the Costco Amex card goes over to Citi Visa, will my remaining new Amex card's credit history go to a few months instead of 15 years?You Amex and all of its history will carry over to the new card. It's the same account just a new owner and card.
My oldest account has been owned by four different banks. Original bank to HSBC to Citi to Capital One.
At least there's that then.Quick Google shows there is a forced arbitration with AMEX, but you have an ability to opt-out.
What bothers me most about this is Costco's uncertainty about all this. The letter says several times that various details have yet to be worked out, ... _stay_tuned.... :hmm: They really are taking a hit in customer confidence with these developments. They might be OK in the long run, though. My experience with Amex is that they aren't the most rock solid company. How many times have I been told that my vendor does not accept Amex? I'm not keeping score, but it does not inspire confidence in a company when you are repeatedly told that the card is not accepted. Nobody who accepts credit cards tells you that they don't take Visa.At least there's that then.
I just hate that kind of crap. "We love our customers so much that we want them to give up some legal rights if they dare to do business with us."
What bothers me most about this is Costco's uncertainty about all this. The letter says several times that various details have yet to be worked out, ... _stay_tuned.... :hmm: They really are taking a hit in customer confidence with these developments. They might be OK in the long run, though. My experience with Amex is that they aren't the most rock solid company. How many times have I been told that my vendor does not accept Amex? I'm not keeping score, but it does not inspire confidence in a company when you are repeatedly told that the card is not accepted. Nobody who accepts credit cards tells you that they don't take Visa.
I don't remember being disappointed with any of my CC's customer service. Maybe I should expect more from them. I've never even asked for extended warranty relief. A couple of times I've had bogus/unauthorized charges but have never taken a hit from them.Last I recall, AMEX is pretty much #1 as far as customer service goes (over the other CC providers). I've found that to be pretty much true.
Whenever I have issues theres been no arguing, no "show me", it's just been "Ok, we will credit your account".
I don't remember being disappointed with any of my CC's customer service. Maybe I should expect more from them. I've never even asked for extended warranty relief. A couple of times I've had bogus/unauthorized charges but have never taken a hit from them.