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Costco Wholesale Corporation
Costco picks Visa and Citigroup as new credit card partners
Costco picks Visa and Citigroup as new credit card partners

Visa International and Citigroup will elbow aside American Express next year as Costco Wholesale Corp.'s exclusive credit card supplier, the giant discount retailer said, leaving customers to worry over potential changes in the rewards they earn on their Costco AmEx cards. The membership-based company, which announced the change Monday, also said the deal wouldn't close until Citi and Visa negotiate final details with each other. But Costco delivered some reassuring news for shoppers along with the uncertainties, saying that replacing their current cards with Visa plastic was expected to be as easy as opening the mail. AmEx and Costco said in February that they had been...

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