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Costco near deal with new credit card issuer
Costco near deal with new credit card issuer

NEW YORK — Costco Wholesale Corp., acknowledging its split with American Express Co., said Friday that it is close to reaching a deal with a new credit card company for exclusive rights to serve the giant retailer's customers. Costco should be in a position to announce the new partner "probably sooner rather than later," said spokesman Bob Nelson, raising the possibility that could happen as early as next week. The company, based in Issaquah, Wash., east of Seattle, has been talking with several credit card firms for some time in anticipation of a break with AmEx, Nelson said. Last fall, Costco ended its partnership with AmEx in Canada, choosing instead a Capital One...

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