AmEx-Costco Divorce Could Cause Involuntary Churn for Subscription Businesses
American Express and Costco are officially divorced and all Costco-issued AmEx cards are being replaced with Citigroup Visa cards. This could cause involuntary churn for subscription companies, but there are ways for subscription businesses to lessen the impact, including assessing the potential impact, proactively reaching out to AmEx customers, monitoring response rates and using Account Updater.
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