Brat
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Hey, so long as they give you a gift at the AMEX signup table go for it.
Cobra, Is that your blog? Cute.
I guess we don't have the cult following that you have in Texas and our stores aren't mobbed. No problem finding a parking space (then again I park as far out as I can), no line to get in to store, hardly a line to check out or get out of store. I have had to stand in line to buy a frozen yogurt or hot dog...
That's a bummer. We use the AMEX card for other purchases also.All co-branded cards from American Express and Costco can be used any place American Express cards are accepted through March 31, 2016.
We went to Capital One Platinum MC in Canada but Costco now takes any MC. The Costco AMEX went extinct and AMEX reissued regular cards. I cancelled and chopped mine up as only used it at Costco. I had been considering a premium AMEX for travel due to all the airport lounge access but they have cut this way back so decided against that. Capital One MC is 3% restaurant, 2% gas and 1% for other things. It started with 3 months of 2% for regular purchases.
At the moment it appears Warren Buffet may lose ~800M on the AXP drop.
Should we take up a collection?
Costco has a cult-like following, so I doubt they will lose much revenue. Personally, I dislike Costco for many reasons and haven't been there in years. This fallout with AMEX just adds to the list of reasons to avoid them.
I have to assume there will be some credit card option, Canada got a replacement. I would probably drop Costco if the only option were cash or debit cards.This could be a PITA. They accept any Amex card now. If they only start accepting co-branded MC or debit cards I will not be able to shop there without carrying cash. They better give fair warning or I will be walking away from the counter with $500 worth of goods rung up.
I really doubt that Costco would stop accepting credit cards. Consumers spend significantly more when they can charge it.I have to assume there will be some credit card option, Canada got a replacement. I would probably drop Costco if the only option were cash or debit cards............
Wow. This is appears to be a big deal for Amex.Costco cards accounted for 8% of American Express’ billed business and 10% of its cards, according to a note by John Hecht, an analyst at investment banking firm Jefferies.
They sure hide it well in the parking lot and in the store near me. I certainly see some well heeled folks, but most not. Most Costco shoppers at our nearby store look more like WalMart patrons than Saks...According to a story on Marketplace, "The average Costco customer has an income of $100,000 a year."
But then The Millionaire Next Door explained how looks can be deceiving. I am sure many of us here don't "look the part" of our portfolios.
We went to Capital One Platinum MC in Canada but Costco now takes any MC. The Costco AMEX went extinct and AMEX reissued regular cards. I cancelled and chopped mine up as only used it at Costco. I had been considering a premium AMEX for travel due to all the airport lounge access but they have cut this way back so decided against that. Capital One MC is 3% restaurant, 2% gas and 1% for other things. It started with 3 months of 2% for regular purchases.
According to a story on Marketplace, "The average Costco customer has an income of $100,000 a year." I would like to see the source data, to see if they used the word average correctly (in lieu of 'typical' for instance) or if the actual average that high because of extra big incomes added in? I wonder what the median would be?
Average Costco customer makes six figures | Marketplace.org
I know I still have a jacket purchased during the Nixon administration although DW doesn't like me to wear it in public.
Why would I throw it out? It doesn't have any holes in it. Well, none that show anyway.
That's been mentioned in other threads, and there may have been a thread on the topic. I know I still have a jacket purchased during the Nixon administration although DW doesn't like me to wear it in public.
Why would I throw it out? It doesn't have any holes in it. Well, none that show anyway.
We went to Capital One Platinum MC in Canada but Costco now takes any MC. The Costco AMEX went extinct and AMEX reissued regular cards. I cancelled and chopped mine up as only used it at Costco. I had been considering a premium AMEX for travel due to all the airport lounge access but they have cut this way back so decided against that. Capital One MC is 3% restaurant, 2% gas and 1% for other things. It started with 3 months of 2% for regular purchases.
Costco cards accounted for 8% of American Express’ billed business and 10% of its cards, according to a note by John Hecht, an analyst at investment banking firm Jefferies.
Wow. This is appears to be a big deal for Amex.
We were unable to reach terms that would have made economic sense for our company and shareholders, American Express CEO Kenneth Chenault said in a statement.