With the End of this Partnership, Amex to Miss Out on $82 Bn Worth of Charge-Volume

American Express is discontinuing its merchant-acceptance and cobranded credit card agreements with Costco Wholesale Corp. The Costco Amex card accounted for around $82 billion worth of Amex’s worldwide charge volume last year. Costco had already ended its Amex cobranded card program in Canada last year and Bloomberg had earlier reported that Costco is considering a new US card partner.

The contractual a ...

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