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One year after Costco Wholesale Corp. announced it had entered into new agreements with Citi and Visa, Citi has publicly released an official date. What you need to know when Costco ditches Amex ...
When Costco announced it would drop American Express in 2015, it was a major blow to AmEx since Costco represented roughly 10% of cardmember loans and roughly $80 billion in network volumes.
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The sale is expected to close in June, and all Costco customers with co-branded American Express cards will be transferred to Citi.
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