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A number of Costco members received emails from Citi, alerting them that their credit card accounts had been closed.
If you're a frequent Costco shopper, the Costco Anywhere Visa® Card by Citi is something to have in your wallet. Costco Anywhere offers cash back rewards that you can use to shop at the...
On April 1, 2016, Citigroup became the exclusive issuer of Costco's branded credit cards. The bank's private-label credit card division, Citi Retail Services, issues store-issued credit cards for such companies as: American Airlines, Best Buy, ConocoPhillips, Costco, ExxonMobil, The Home Depot, Sears, Shell Oil, and Staples Inc.
Costco has two major cash back rewards credit cards for personal and business use. They are the Costco Anywhere Visa Card by Citi and the Costco Anywhere Visa Business Card by Citi.
On April 1, Citigroup became the exclusive issuer of Costco-branded credit cards. In April 2016, Citi was given regulatory approval for its "living will", its plans to shut down operations in the event of another financial crisis.
In October 2019, Fraser was appointed President of Citigroup and Head of Global Consumer Banking (GCB), and was responsible for all of Citi’s Consumer businesses, including Retail Banking and Wealth Management, Credit Cards, Mortgage and Operations and Technology in 19 markets.
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Costco dropped American Express as its credit card partner this week in favor of Visa. Shoppers are far from thrilled about the change. Tom Davis , Patch Staff