Costco, AmEx end partnership
Costco claims economics are the reason for the end of its partnership with American Express. Bob Nelson, vice president of investor relations for Costco:
Everything comes down to cost and saving money for our members, and that’s what it’s all about. In general, things come down to economics.
JetBlue, AmEx end partnership
JetBlue ends its partnership with American Express in favor of Mastercard and Barclays.