Quote:
Originally Posted by vash
Love Costco.
Anyone know if Amex took a hit losing the business?
Sent via Jedi mind trick.
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Don't know any specifics, but they did take a hit of some kind. My neighbor is a manager at Costco and I asked him about the coming change several months ago. He said Costco's agreement with Amex was "challenged" by other CC companies--better terms for Costco and customers--and Amex was unwilling to negotiate. Bye-bye to Amex.
Similarly, Coca-cola was pressing Costco for a different agreement regarding the use of their drinks in the soda machine at the food court. Costco simply replaced them with Pepsi-cola products for a time. According to my neighbor, Coca-cola virtually begged to come back and became willing to drop their "demands."