What's better in terms of rewards? The old Amex or your current BMO? (or an even better MC logoed rewards card like MBNA?)?Gee wrote: ↑That's my point, Costco screwed up. I had to use American Express and I opted for the Costco American Express because the rewards were good compared to other American Express cards
But with MasterCard, I opted for BMO and even after paying their annual fee, I still come out ahead vs the Costco Capital One card
If any MC card is better, it's actually better for you.
Sucks for Costco since I'm assuming they get a kickback for a signup but I don't think it's a loss either since if you did have their card vs any other MC card, your spend is identical so their costs are the same.
So while Costco loses out on a signup bonus they're not losing any additional money.
They're probably gaining money actually since now there's more people with a higher spend since they have a cc processor that doesn't suck now.