Amazing Interactive Video of Airbus Takeoff and Landing and Leaked Costco Memo on Credit Cards

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Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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  1. So it finally comes out…..Amex will be giving the cardholder list to Citibank. Wow! Not that something like this hasn’t happened in the past, but definitely not expected in this situation. Amex must be feeling major pain!

  2. AMEX will do fine. If I were Citi I’d wonder how I convince consumers to use the Citi Visa and not some other Visa. Saavy consumers will use other Visa methods to maximize earning, at least AMEX had a stranglehold on their own cards (outside of debit cards and checks…)

  3. @Sice,

    Using another Visa is exactly what I plan to do. I’ll be using my Sapphire Preferred Card.

    This Bloomberg article stated that 10% of all Amex cards were Amex/Costco True Rewards Cards. Over 11 million accounts! Furthermore, Amex is not “giving” Citibank the Costco cardholder list. There will some funds exchanged. Amex stock has gone down thru this brand change. A group of stockholders are suing Amex for not disclosing how big the Costco business is to the total amount of Amex cardholders. Now supposedly Amex is trying to convert Costco/Amex cardholders to another Amex. But, if they can’t use any Amex card at Costco, I wonder how effective that will be. Costco customers are not poor and many probably have multiple Amex cards.

    I just wonder what kind of extra benefits this Citibank Costco Visa will have? I wasn’t exactly crazy about Costco Amex Card.

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