The Traderszone Network

Published in TZ Latest News 26 June, 2016 by The TZ Newswire Staff

Costco’s Credit Card Fail: Was American Express Right After All?

More than a year ago, Costco Wholesale (NASDAQ: COST) began preparing the ground for a massive change in its business. After a 16-year partnership with American Express (NYSE: AXP) that made AmEx the only credit card brand accepted at Costco, the warehouse giant decided to forge a new relationship with Citigroup (NYSE: C) and Visa (NYSE: V). The final switch occurred last week.

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