Look for your Costco AMEX replacement card for the new Costco Anywhere Visa card issued by Citicorp and if you haven't received it by June 20, 2016, you might want to find out what happened to yours. Your previous Costco AMEX balance will be transferred to the new Anywhere Visa Card. You will not lose your earned AMEX cashback rewards. Those will be transferred also and will be provided on your February 2017 cash back rewards coupon from Citi that will include cash back rewards earned on your Costco card from American Express during 2016 that were not previously distributed to you by American Express.
If the initial letter you received from Citi listed your standard purchase APR as 15.49%, and your current APR for new purchases on your Costco card from American Express is less than this, then you'll keep your current APR for new purchases made with your Costco Anywhere Visa® Card by Citi. You'll receive a letter in the mail from Citi in early June confirming this change.
Register your card or apply: https://www.citi.com/credit-ca.....redit-card
Switcheroo news: http://www.npr.org/sections/th.....switcheroo