Description: This article is going to be talking about that Costco has switched their credit card merchant from Amex to Visa and how that is going to affect the stock market of the companies.
Since June 20th, Costco official switched their credit card merchant from Amex to Visa and they are advertising the new Citi card. You don’t have to worry about having Amex which is more convenient for a lot of people that probably haven’t joined for that specific reason.
There’s been saying that Citibank is late on delivering their credit cards to the customers and the supports are not as good, so taking over an account like Costco, you are going to get a lot of people switching over. But in all fairness, you have to give Citibank some time to catch up.
At the same time, in the stock market, the Amex didn’t seem to get too affected, and Costco is going up by two bucks, and it is going to continue going up. And Citibank is going up because of the change, and they were spiking as well, I think they are going to go up as well.