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Old 03-24-2016, 01:20 PM   #81
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Here's the official scoop on the new Costco Visa card:

Rewards are going up in several categories, including spending at Costco.

https://www.citi.com/credit-cards/cr...ard-conversion
Wow!

That's a surprise!
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Old 03-28-2016, 02:34 PM   #82
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What are the points for, statement credit or do they have their own mall for buying things?
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Old 03-28-2016, 02:44 PM   #83
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What are the points for, statement credit or do they have their own mall for buying things?
Cash back at Costco - but only once a year if it's like the Amex card.

You can get cash, or apply to Costco purchase. But you have to physically present your reward voucher at Costco to redeem it. The voucher is sent on the Feb statement - something like that.
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Costco AMEX Replacement Card
Old 03-28-2016, 03:34 PM   #84
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Costco AMEX Replacement Card

So what happens to the Costco American Express, do they send us a cash back in Feb or in June? I'm confused because I will not be here to get the mail.


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Old 03-28-2016, 04:41 PM   #85
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So what happens to the Costco American Express, do they send us a cash back in Feb or in June? I'm confused because I will not be here to be the mail.


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They are going to move Amex cash back balances to the new Visa card, so you will get it next February.
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Old 03-28-2016, 04:51 PM   #86
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We got a mailing today from Costco & Citi about the new card. The 4% cash back for gas sounds great, but I was looking into the fine print.

The gas category is for "eligible gas" and that includes Costco gas and most gas stations, but excludes "superstores, supermarkets, convenience stores, and warehouse clubs other than Costco". Those purchases revert back to 1% cash back.

I personally buy gasoline for one car at Costco most of the time, but Costco in our area doesn't sell diesel, so I buy that at Kroger most of the time. I expect that falls under the super market category.
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Old 03-28-2016, 04:54 PM   #87
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I would like to buy my gas at Costco since their prices are always the lowest, but no matter when I go to the store, every pump has 4-6 cars in line waiting. And when I compare it to the ARCO gas station down the street, it's usually only 3-5 cents per gallon cheaper. It's just not worth the hassle, at least in Southern California.
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Old 03-28-2016, 04:55 PM   #88
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Also, the 3% cash back for travel and restaurants excludes "bakeries and certain restaurants/cafes inside departments stores, grocery or warehouse clubs".
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Old 03-28-2016, 05:23 PM   #89
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So is it going to be any Visa card that they accept (like they accepted any Amex, not just the Costco-branded one) or any Citi card?
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Old 03-28-2016, 06:07 PM   #90
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So is it going to be any Visa card that they accept (like they accepted any Amex, not just the Costco-branded one) or any Citi card?
According to the signs currently posted - any VISA, any debit/ATM card, cash, Costco cash cards, checks, EBT.

I posted the sign in post #70 Costco AMEX Replacement Card
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Old 03-28-2016, 06:08 PM   #91
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So is it going to be any Visa card that they accept (like they accepted any Amex, not just the Costco-branded one) or any Citi card?
From Costco's web site
"Beginning June 20, the only accepted forms of payment at Costco warehouses in the U.S. will be Visa cards, cash, checks, debit/ATM cards, EBT and Costco Cash Cards. American Express Cards will no longer be accepted at Costco in the U.S. after June 19."
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Old 03-28-2016, 06:11 PM   #92
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Thanks.
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Old 03-28-2016, 06:12 PM   #93
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I personally buy gasoline for one car at Costco most of the time, but Costco in our area doesn't sell diesel, so I buy that at Kroger most of the time. I expect that falls under the super market category.
Maybe not, as many supermarkets have a separate vendor code and system for their fuel lanes. I think I used the old Costco AMEX card there before getting the PenFed card and still got the 3% reward for gas.
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Old 03-28-2016, 06:42 PM   #94
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They are going to move Amex cash back balances to the new Visa card, so you will get it next February.

Interesting, I thought American Express is the one that pays the cash balance.


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Old 03-28-2016, 07:09 PM   #95
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Interesting, I thought American Express is the one that pays the cash balance.


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Yes, but VISA's purchase of the Amex portfolio probably included them taking on that liability.
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Old 03-28-2016, 07:14 PM   #96
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Yes, but VISA's purchase of the Amex portfolio probably included them taking on that liability.
The transition should be seamless other than having a new Visa card and having to toss the Amex card.

That said, I plant to keep all my old statements until I know that they have properly done the hand-off. No reason I should give up the pizza and beer that moneys buys me once a year.
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Old 03-28-2016, 07:52 PM   #97
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So what happens to the Costco American Express, do they send us a cash back in Feb or in June? I'm confused because I will not be here to get the mail.


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I got mine in Feb.

Any rewards accrued after that will be moved to the new card, and I'll get them next Feb.
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Old 03-28-2016, 08:33 PM   #98
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I got mine in Feb.



Any rewards accrued after that will be moved to the new card, and I'll get them next Feb.

Yes I got mine in Feb too. Have you receive the new Costco VISA yet? I have not, I won't be here in June.


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Old 03-28-2016, 09:08 PM   #99
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It would be nice if they supported Apple Pay and EMV.
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Old 03-28-2016, 09:52 PM   #100
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Yes I got mine in Feb too. Have you receive the new Costco VISA yet? I have not, I won't be here in June.


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No, I expect to receive the card in May according to one of the recent links posted above. The Citi link?
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