One Month In: AMEX Costco Divorce Driving an 18% Increase in Card Declines

Account Updater will not help recurring merchants with Amex declines

Source: American Express

Source: Costco

As Subscription Insider reported last month, the Costco and American Express (AmEx) "divorce" became official on Monday, June 20th.  It has now been just over a month since all Costco branded American Express cards transferred to Citibank's Visa portfolio.  The predictions on decline rates increasing where many when the split was announced, and with good reason. The Costco cards accounted for about ten percent of all AMEX cards in the world, with most...

 


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