20150302 Costco Announces Partnership With Citi Visa

A shopper leaves a Costco store Monday. Warehouse giant Costco announced that it has entered into a new credit card program agreement with Citi and an incentive agreement with Visa. Under the terms, Citi, the world's largest issues of consumer credit cards, would become the exclusive issuer of Costco co-brand credit cards. Visa would replace American Express as the credit card network for Costco in the U.S. and Puerto Rico beginning next month. Costco and American Express were not able to renew their partnership, which was set to expire at the end of March 2016. (Photo by Ringo Chiu/PHOTOFORMULA.com)