USA TODAY US Edition
COSTCO CARDHOLDERS WILL GET CITI CARDS IN JUNE
Costco cardholders no longer will 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. Citi was supposed to take over from American Express on April 1, but the deal was delayed. Once the transition is official, American Express Costco cards no longer will work, says Elizabeth Crosta, a spokeswoman for American Express. In the meantime, cardholders will continue to earn rewards and be paid for their 2015 annual reward.