AMEX Costco Divorce Impact: Declines rocket 25% in July

With the worst of declines over, expect “dead” cards to impact churn and revenue moving forward.

Source: American Express

As Subscription Insider reported, the Costco and American Express (AmEx) "divorce" became official on Monday, June 20th.  It has now several months since all Costco branded American Express cards transferred to Citibank's Visa portfolio. Many recurring merchants have been proactive reaching out to customers to mitigate the impact of the AMEX Costco shift since American Express cards operate separately from the Visa/MasterCard Account Updater network.  The Paul Larsen C...

 


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