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Not really. Before AMEX, Costco had an exclusive deal with Discover. That's the definition of inconvenience. This new deal will result in a Costco branded Visa
by brewdad 11y ago
Not really. Before AMEX, Costco had an exclusive deal with Discover. That's the definition of inconvenience. This new deal will result in a Costco branded Visa but Costco will be accepting ANY Visa card. For the vast majority of consumers this is much more convenient.
FWIW, AMEX has been doing the hard sell trying to get me to switch to a new card. So far, I haven't seen any offers worth my time. It's a shame really. I've been a cardholder for 15 years and even worked for them for a few years. Personally, I see no reason to continue the "relationship".
- davidw 11y agoYeah, when we moved back to the states, I signed up with Costco. Only I couldn't pay for it with any of the cards that I had. So I also had to sign up for their Amex card. Quite a bit of paperwork and hassle...
- redblacktree 11y agoThere's always cash.
- s73v3r 11y agoNow here's the real question: Why won't Costco just buckle down and accept any major card?
- dcherman 11y agoFor some card holders, it may be worth it to transition to another no annual fee card rather than closing the account itself. Age of credit is one important component of your credit score, and my AMEX is my second oldest account.