Costco Replaces American Express With Citi For Exclusive Agreement

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    A few weeks ago it was announced that American Express and Costco will be terminating their relationship as of March 31, 2016: “We are proud of the value created over many years for Costco, for our Card Members and for our shareholders,” said Kenneth I. Chenault, Chairman and Chief Executive Officer of American Express. “Taking a very disciplined approach, we began discussions on a possible renewal with Costco well in advance of the contract expiration. However, we were unable to reach terms that would have made economic sense for our Company and shareholders. Instead, we will focus on opportunities in other parts of our business where we see significant potential for growth and attractive returns over the moderate to long term.” The post Costco Replaces American Express With Citi For Exclusive Agreement appeared first on One Mile at a Time.

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