Comment on Costco Wholesale Corporation's Biggest Win in 2016

Costco Wholesale Corporation's Biggest Win in 2016

Costco (NASDAQ: COST) did something risky -- some would say foolhardy -- in June 2016, when it dropped its longtime credit card partner American Express (NYSE: AXP) in favor of Visa cards from Citigroup (NYSE: C).It was a challenging move because all of its members who had the former American Express card would need to be issued the new Visa card and activate it.

 

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