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News and notes from around the interweb:
- How’s the new Costco Visa doing with its recent launch? (HT: Alan H.)
[S]ome 11.4 million co-branded American Express cards, representing about 7.4 million accounts, had been transferred to new Visa Citi cards, and about 85% of those accounts have now been activated with Costco. Another 1.1 million members have applied for the new card since June 20.
- 7 things you’re doing wrong at a steakhouse (HT: Alan H.)
- Cathay Pacific is going 10-across in economy on their 777s
- Boy did Donald Trump get THIS ONE wrong.
- Flight diverted when airline ground crew worker speculated to be trapped in the cargo hold. They were, and they’re recovering from hypothermia.
- Amex sent documents showing first year free on a Business Platinum card by mistake?
- How Chase is able to use their lease of Visa’s network to win credit card processing business from major retailers
i feel dumber for actually reading that stupid steak article. if the guy runs a “top 1%” steak restaurant like he claims, why is he writing to black angus customers?
One thing I’ve found interesting with the new Citi Costco card is how Costco treats returns. My wife recently had to take some items back to Costco that we bought last year. They are awesome at returns for sure. I assumed they would give her store credit since we used our old Costco Amex card to pay for them but they credit these transactions “back” to the new Citibank Costco card. Seems odd to me. Funny part is now I have all this credit on a card I don’t use since the Freedom 5x bonus is a much better deal.
@ Gary — Oh, goodie, more Trump talk! 🙂 I think you know my views on this “business genius,” so I’ll let someone else stir the pot today…
Why does Costco find a need to accept one type of credit card exclusively? Why do they refuse to accept all types (Visa/ MC/ Amex/ maybe Discover) as is the norm?
Trump has done all of a service. He has shown us all what kind of racist assholes all the southern whites are. I hope hillary throws them all under the bus after she becomes the president. Make heroin legal, and make it aavailable for free and see the master race self destruct in overdoses. Effing hypocritical, racist jerks.
@B1BomberVB, they negotiated a great deal with Visa and Citibank (for them) that cuts their costs. That’s why there is exclusivity to Visa.
I hope Chase continues to gauge into Citi’s Costco deal. My Citi Costco card only happened because I had the Costco AMEX prior and only now gets any spend on it for gas purchases. If Chase continues a 5x reward on warehouses then I’ll continue to use them at Costco. And it’s amusing to use my Citi card to scan my membership info, the clerk always leans in to swipe my card for me while asking ‘put it on the card?’ just to have me tell them no. One clerk manning the Citi signup table saw my Citi card and told someone else that I had already figured out how to get great return by using the Citi card just to have me tell them there was a better way. I love it!
I also saw this trick to get 5% a the Costco gas pump. Buy Costco gift card with Freedom at 5% and use it at the pump for an additional 1% there.