In just over a month Costco (NASDAQ: COST) completes its long-in-the-works changeover from partnering with American Express (NYSE: AXP) to a new deal with Citigroup (NYSE: C) for Visa (NYSE: V) branded cards.
The transition which finishes on June 20th has a lot of moving parts which could confuse consumers. It’s not actually an overly complicated arrangement, but members of the warehouse club do need to understand what’s happening because as of the end of the day on June 19th, their old cards won’t work.