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Three, Two, One, Presto: AMEX Becomes VISA at Costco

Costco is changing its credit card partner from American Express to VISA effective June 20 and cardholders will benefit from the new card’s reward program.

The Citigroup Visa increases most of the reward tiers from the American Express program by one percentage point each. VISA cardholders will earn four percent cash back on fuel purchases instead of three percent up to $7,000 in eligible gasoline purchases per year and one percent on eligible gasoline purchases thereafter.

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