Amex/Costco Customer Retention Offer

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BerkeleyChris
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Amex/Costco Customer Retention Offer

Post by BerkeleyChris » Sun Jan 24, 2016 9:20 pm

As has been discussed here before, AMEX cards with Costco affinity are expiring later this year as Costco transitions to Mastercard Visa as its partner.

Many months ago I started receiving offers in the mail and on my online AMEX account for $100 credit if I sign up for another no annual fee card that has very similar cash back benefits to the AMEX Costco card. A few months ago this went to $200. A few weeks ago it went to $300, both in the mail and when i sign in to my online AMEX account.

What we get in the mail and see online are often highly targeted. My question is this: has anybody with an expiring Costco AMEX card been offered an amount higher than $300 to transition a new AMEX card? I'm wondering how much higher this might go if wait and see.
Last edited by BerkeleyChris on Sun Jan 24, 2016 10:07 pm, edited 1 time in total.

jaj2276
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Re: Amex/Costco Customer Retention Offer

Post by jaj2276 » Sun Jan 24, 2016 9:27 pm

I posted on one of the several other threads about the Costco AMEX relationship that I was offered $500 after spending $3000. I took it.

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heartwood
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Re: Amex/Costco Customer Retention Offer

Post by heartwood » Sun Jan 24, 2016 9:30 pm

see the last several posts (Jan 23) here

viewtopic.php?f=2&t=182120

HalfMillionaire
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Re: Amex/Costco Customer Retention Offer

Post by HalfMillionaire » Sun Jan 24, 2016 9:30 pm

Same here - got the 500 back after 3000 offer. I took the offer and have happily received my 500 as well. :moneybag
jaj2276 wrote:I posted on one of the several other threads about the Costco AMEX relationship that I was offered $500 after spending $3000. I took it.

BerkeleyChris
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Re: Amex/Costco Customer Retention Offer

Post by BerkeleyChris » Sun Jan 24, 2016 9:38 pm

Thanks HalfMillionaire and jaj2276! I'm going to hold out a bit longer and see if the offers I receive grow to the $500 mark.
HalfMillionaire wrote:Same here - got the 500 back after 3000 offer. I took the offer and have happily received my 500 as well. :moneybag
jaj2276 wrote:I posted on one of the several other threads about the Costco AMEX relationship that I was offered $500 after spending $3000. I took it.

tomd37
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Re: Amex/Costco Customer Retention Offer

Post by tomd37 » Sun Jan 24, 2016 10:02 pm

I thought Costco was partnering with a VISA card provider in the US. Which is it, VISA or MasterCard? :confused
Tom D.

sport
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Re: Amex/Costco Customer Retention Offer

Post by sport » Sun Jan 24, 2016 10:03 pm

I have not received any offer. Maybe the $1000 to $1300 I put on the card each month is not enough to interest them in keeping me. Of course, I pay the balance in full each month.

BerkeleyChris
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Re: Amex/Costco Customer Retention Offer

Post by BerkeleyChris » Sun Jan 24, 2016 10:06 pm

tomd37 wrote:I thought Costco was partnering with a VISA card provider in the US. Which is it, VISA or MasterCard? :confused
Visa in the U.S. and Mastercard in Canada. I am a U.S. consumer but read an article too quickly and wrote MC in my original post.

tomd37
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Re: Amex/Costco Customer Retention Offer

Post by tomd37 » Sun Jan 24, 2016 10:07 pm

Thanks Chris
Tom D.

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Watty
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Re: Amex/Costco Customer Retention Offer

Post by Watty » Mon Jan 25, 2016 12:11 am

sport wrote:I have not received any offer. Maybe the $1000 to $1300 I put on the card each month is not enough to interest them in keeping me. Of course, I pay the balance in full each month.
I have not seen any offers either, but we have two other AMEX cards so that might be why. One is an airline card that I got for the signup bonus just a few months ago.

sport
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Re: Amex/Costco Customer Retention Offer

Post by sport » Mon Jan 25, 2016 10:26 am

Watty wrote:
sport wrote:I have not received any offer. Maybe the $1000 to $1300 I put on the card each month is not enough to interest them in keeping me. Of course, I pay the balance in full each month.
I have not seen any offers either, but we have two other AMEX cards so that might be why. One is an airline card that I got for the signup bonus just a few months ago.
I do not have any other AMEX card. So, that apparently is not the reason.

HalfMillionaire
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Re: Amex/Costco Customer Retention Offer

Post by HalfMillionaire » Tue Jan 26, 2016 7:19 pm

I don't know what Amex's algorithm is - but as a point of comparison - I have three other Amex cards - one of which is an Airline card that I got for the bonus but am using as my main card these days - so I use it every day. I also pay in full every month and as my other thread says - and when I received the offer I had near perfect credit.
sport wrote: I do not have any other AMEX card. So, that apparently is not the reason.

takeshi
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Re: Amex/Costco Customer Retention Offer

Post by takeshi » Wed Jan 27, 2016 11:32 am

No offers here either but a BCE wouldn't interest me anyway. I already have the BCP and it is a better fit for me.

3easypayments
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Re: Amex/Costco Customer Retention Offer

Post by 3easypayments » Wed Jan 27, 2016 12:36 pm

I just saw the offer yesterday when I logged into my Amex account (thanks for the tip, Bogleheads!).

It was the $300 for $1000 spend offer, for signing up for a Business SimplyCash Amex to replace the soon to be obsolete Costco card. I like the American Express benefits and $0 annual cost, so I took the free money.

madbrain
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Re: Amex/Costco Customer Retention Offer

Post by madbrain » Wed Jan 27, 2016 10:19 pm

I have not received any offer either. I don't have any other Amex account.
My average spending on the Amex costco card is $10/month, so that probably has something to do with it.

Robert44
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Re: Amex/Costco Customer Retention Offer

Post by Robert44 » Wed Jan 27, 2016 10:50 pm

Have not received any offers either. we average $1600 a month and pay it off entirely each month

Thefielder
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Re: Amex/Costco Customer Retention Offer

Post by Thefielder » Thu Jan 28, 2016 6:04 am

I also spend around $1500 a month, I went online and was offered $300 if I spent $2500 in the next three months. I didn't think the blue card was so wonderful, seems like restaurants and travel (most of my credit card expense) was 1%.... I bit the bullet and ordered a Capital One card..no brainer...1 1/2 % on everything..and as a bonus get $100 back if I spend $500 in three months...decided to "keep it simple"...screw Amex....

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bltkmt
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Re: Amex/Costco Customer Retention Offer

Post by bltkmt » Fri Feb 12, 2016 1:54 pm

HalfMillionaire wrote:Same here - got the 500 back after 3000 offer. I took the offer and have happily received my 500 as well. :moneybag
jaj2276 wrote:I posted on one of the several other threads about the Costco AMEX relationship that I was offered $500 after spending $3000. I took it.

My offer is still at the $300 level. Do I just wait? Or call to see if they will up it?

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heartwood
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Re: Amex/Costco Customer Retention Offer

Post by heartwood » Fri Feb 12, 2016 3:04 pm

bltkmt wrote:
HalfMillionaire wrote:Same here - got the 500 back after 3000 offer. I took the offer and have happily received my 500 as well. :moneybag
jaj2276 wrote:I posted on one of the several other threads about the Costco AMEX relationship that I was offered $500 after spending $3000. I took it.

My offer is still at the $300 level. Do I just wait? Or call to see if they will up it?
I did call about 2 - 3 weeks ago. I mentioned my mail offers of $200, $100, then $100, and my online offer of $100. I asked re the $500 deal. I was told only the current offer is available to me, and if through the mail you need the specific offer code. I offered to sweeten the deal by moving all my FIdo AMEX activity as well as the Costco spend. The rep said she would forward a note to the Marketing team. I haven't heard back. OTOH, give them a call, you might get lucky in the same amount of time it takes to post here.

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pondering
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Re: Amex/Costco Customer Retention Offer

Post by pondering » Fri Feb 12, 2016 7:32 pm

I'm at the $100 level:

Get $100 Back after you spend $1,000 in purchases on the Card in the first 3 months of Card Membership. You will receive $100 back in the form of a statement credit.3 Apply by March 31, 2016.
--Robert Sterbal | 412-977-3526 call/text

mbres60
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Re: Amex/Costco Customer Retention Offer

Post by mbres60 » Fri Feb 12, 2016 7:35 pm

I had an email today for $300.

Erwin007
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Re: Amex/Costco Customer Retention Offer

Post by Erwin007 » Fri Feb 12, 2016 10:29 pm

I got the $300 offer today for spending $2500 in 3 months. But the rewards aren't all that appealing. 3% back at supermarkets (I get 5% through my BoA Visa card), 2% at gas stations (I get 5% back through my Discover card), and 2% cash back at "select" department stores (that I never shop at) so not sure I'll do it, even with no annual fee.

Are the ancillary benefits of AmEx really worth it for a card I may never really use?

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