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The transition should not affect Costco customers credit scores; Citibank will not have to pull a credit report as part of the account transfer process, and cardholders can keep their same line of credit.You can use it for 364 days and if on the last day of the year you decide you didn't get your money's worth, they will give you a full refund.Cashback will be paid to you by crediting your Account and included in your monthly statement.Citi and Visa will try to make (the transition) as seamless as possible, said Jason DeLeeuw, a senior research analyst at Piper Jaffray who covers American Express.But note, if you do apply for a new American Express card (meaning the one American Express is offering doesnt just arrive in the mail the application process actually could dock your score if American Express has to do a hard pull to approve you.Costco, which previously only accepted American Express cards, has ended their agreement with.I've never had an easier time dealing with either than with my Costco credit card.We chose this card because it's the only card you can use at Costco, and since I do about 1/2 my shopping there each month, it just made sense for.My hubby and I have opted for the Executive Membership vs the.You will earn Cashback at the rate.5 for purchases of goods and services on your Account, subject to the Cashback Terms and Conditions and any promotional offer we make.My rewards check is almost going to pay for my family's flight to Texas to visit my in-laws this spring.A Citi spokeswoman said all existing Costco card members should have received new credit cards living social uk voucher code in the mail.When the Cashback rate of 3 applies to a purchase of goods or services during the welcome bonus period, the Cashback rate.5 will not be applied in addition to the Cashback rate of 3 to the same purchase.Costco will also accept non-cobranded Visa cards.Costco customers should check their mail for any offers in the coming months, Schulz said.The transition should not affect your credit score.Did you know you DON'T have to spend your Costco reward at Costco?Because the new card will have a new number, consumers will have to be careful and make adjustments to their information on any recurring online payments.Dear Lifehacker, I've racked up a lot of credit card rewards points and travel miles recently.
Although originally Costco told consumers the transition would happen sometime after March 31, 2016 when the partnership expires, the company later said they will extend their agreement with American Express until mid 2016, to allow for adequate time to properly transition to our new credit.