Gyroscopic Investing

Posted: **Thu Feb 12, 2015 4:30 pm**

Costco will be ending its exclusive deal with AmEx in 2016.

http://www.wsj.com/articles/american-ex ... 1423746408

Actually, I don't think there has ever been a true AmEx exclusivity - you can buy Costco cash cards online using whatever card you want. But now it'll be easier to shop at Costco without these tricks. I'm currently using my Fidelity AmEx at Costco, if they open doors to MasterCard I will probably switch to Citi Double Cash card. Both cards pay 2% unlimited cash back, but MC is accepted everywhere.

Posted: **Thu Feb 12, 2015 5:24 pm**

foglifter wrote: Costco will be ending its exclusive deal with AmEx in 2016.

http://www.wsj.com/articles/american-ex ... 1423746408

Actually, I don't think there has ever been a true AmEx exclusivity - you can buy Costco cash cards online using whatever card you want. But now it'll be easier to shop at Costco without these tricks. I'm currently using my Fidelity AmEx at Costco, if they open doors to MasterCard I will probably switch to Citi Double Cash card. Both cards pay 2% unlimited cash back, but MC is accepted everywhere.

Why wouldn't you use the AMEX Blue Cash card? The preferred one gets you 6% back on groceries.

Posted: **Thu Feb 12, 2015 6:18 pm**

Last I checked (and it has been a good while) the AMEX Blue stuff did not apply to Costco grocery purchases.

Would that it did...

Posted: **Thu Feb 12, 2015 10:22 pm**

foglifter wrote: you can buy Costco cash cards online using whatever card you want.

This is what I've been doing. Not sure it's been worth the 1% or whatever, given additional risks (like losing the card) but whatever -- nice to see I won't have to do the tricks anymore.

Posted: **Thu Feb 12, 2015 10:47 pm**

has Costco said what action it's members with Amex cards have to take?

Gyroscopic Investing

Costco breaks up with AmEx

Costco breaks up with AmEx

Re: Costco breaks up with AmEx

Re: Costco breaks up with AmEx

Re: Costco breaks up with AmEx

Re: Costco breaks up with AmEx