Originally Posted by
yugi
In my area I see that most of the people use Costco Amex not just in Costco, but a lot everywhere else as well.
I guess we are from different areas within the same large area...
Originally Posted by
yugi
Do you think Citi will downgrade Costco card as they did with Forward?
It is straightly a speculation, but IMHO the answer is yes.
Being a Citi cardholder and AMEX cardmember for years, I have seen Citi downgraded card benefits more often than other issuers.
No. Forward is a mature product, introduced in 2009. It served its purpose. Citi's relationship with Costco is new, and their contract with Costco will stipulate the features.
Let's agree to disagree.
1. Forward is a mature product because Citi made it mature. Before its benefit downgrade, many were still interested getting the card. Citi simply chose not to take new apps.
2. A mature (or discontinued) product does not mean benefit downgrade. In fact, benefit downgrade happens with active products as well.
3. Even the features are stipulated, they can still be changed by mutual consent or unilaterally depending on the construction of the contract. A classic example is the benefit downgrade (the benefit downgrade was stipulated but downgraded unilaterally).
I trust Costco is on the members' side. However, given Citi's past track record, I inclined not to put my faith with Citi.