American Express said Costco Wholesale Corp would stop accepting its cards in the United States from next April, after the companies failed to reach terms on renewal of an agreement.
American Express shares fell about 3 percent to $83.65 in premarket trade.
Costco has already replaced American Express with Capital One Financial Corp as its credit-card issuer in Canada, starting this year.
“We were unable to reach terms that would have made economic sense for our company and shareholders,” American Express CEO Kenneth Chenault said in a statement. Read more here.
{Matzav.com Newscenter}
Its time to give BJ”S a try. They except ALL CC”ds and man. coupons. The stores and prices are the same. And they are consistantly upgrading their kosher selection
Not sure how you can say that It is the same price and quality. in both categories Costco is leaps ahead of BJ’s. It appearsthat BJ appears to be run by amtauers and Costco is streamlined with great products and lots more kosher items than BJ
Maybe more BJ’s need to open. None in reasonable driving distance.