Costco cardholders will transfer from Amex to Citi in June

February 29, 2016 2:50 PM

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Costco cardholders will no longer be able to pay with American Express come June.

That's when a deal for American Express to sell its Costco-branded portfolio to Citibank is expected to close, and cardholders issued new plastic. The agreement has been in the works since Costco announced it was cutting ties with American Express last year. Citi was originally supposed to take over...

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