I am totally convinced the worthless credit card company hurt Costco sales and damaged consumer confidence.
I think even Warren Buffett knows by know how badly the management trashed their own business as well as others.
I hope this is the company that will kill Walmart. With what Walmart trying to become is going to end up destroying them.
I rather pay higher prices at Target/Kmart/Sears before I step into Walmart. This company is destroying your small retail business and they need to stay at what they are good at. When you go in a Walmart store (4 years ago - haven't shopped there since) 34 register and 4 open! There SERVICES STINKS, QUALITY OF FOOD - STINKS, CLOTHING, - CHEAP AND STINKS - JEWERLY - CHEAP AND UGLY - ELECTRONICS - HAVE PROBLEMS FROM MANUFACTURERS. They better slim back and get back what they are good at - cheap, throw away junk items!!!!!! I rather go get a gift certificate from Target and give it to a person in need.
I use the Costco Amex for gas (4% cash back), dining out (3% cash back) and Costco (1% cash back) plus another 2% cash back as a Costco exec member.
For everything else I use the Schwab 2% cash back Visa card.
For two credit cards, the Costco business Amex paired with the Schwab 2% back Visa is a pretty sweet combination.
Of course I pay both off in full monthly. Only a fool would carry a balance on credit cards given what they charge on interest rates.
Is that why Warren Buffett has shares of Am Ex stock in his portfolio? Why would a man of this stature make an investment in this company if it isn't up to his level of belief in investments? They must be doing something right!
You should really do your homework... Give it up and quit B-tching..... No one wants to hear it any more.