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Thread: Did Citi screw up by being aggressive to win Costco and Amex having the last laugh?
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Old Jun 25, 2019, 9:18 am
  #8  
mia
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Originally Posted by mikesyr18
Is there any evidence showing many Citi Costco cardholders are carrying balances? ....
There is. Citi bought the account balances from American Express and paid a billion dollar premium. There wouldn't be a premium if there were no finance charge revenue stream.
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