What's the scoop?
We let you know recently that Costco were about to drop American Express as their preferred co-branding partner after a 16-year relationship.
CNBC confirmed the news today that Citi is Costco's new partner, with a new Citi credit card program agreement in place in addition to an incentive agreement with Visa.
The new Citi Visa credit card will give Costco members rewards as well as serve as the company's membership card. In the next few weeks, Costco will provide more information as to how customers will transition to the new card.
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About the author: Torsten is a serial entrepreneur who started almost a dozen ventures on four continents.
Torsten's love for travel has brought him to 130+ countries and travel with most of the world's airlines.
You can reach Torsten at [email protected]
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