Thursday, February 12, 2015

Costco set to stop accepting American Express

American Express Company announced that its U.S. co-brand and merchant acceptance agreements with Costco Wholesale Corporation are set to end on March 31, 2016. Costco hasn't yet announced what card will replace American Express', although industry observers believe MasterCard and Capital One are likely replacement candidates.
Until the agreement's expiration all American Express credit cards will continue to be accepted at Costco warehouse stores in the U.S and on All co-branded cards from American Express and Costco can be used any place American Express cards are accepted through March 31, 2016.
American Express conducts about 8% of its yearly transaction business through Costco.
Partnership with Delta extended
In December, American Express and Delta Air Lines announced a multiyear extension of their exclusive co-brand Credit Card. The deal includes continuation of Delta as a Card-accepting merchant and as a participant in the Membership Rewards program from American Express. In addition, Platinum Card Members from American Express and Delta Reserve Card Members can continue to enjoy access to the Delta Sky Club, their network of proprietary airport lounges.


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