Costco customers are still irate and threatening to cancel memberships...

blogger templates

Wednesday, August 24, 2016

Costco Customers Are Still Furious

Costco began its transition from American Express to Visa as its exclusive credit card partner in June, but the process has been anything but smooth.

At the time, customers were so frustrated by delays and confusion that they threatened to cancel their memberships.

Two months later, some of those problems are still here, and customers say Citigroup (the card issuer) and Costco are not doing enough to resolve the issues.

Some customers were just outright confused from the get go, and others said they have not received their new cards. Furthermore, several customers complained that they could not get a customer service representative on the phone to help them.

Approximately 50 Costco cardholders reached out to Business Insider with their stories, most of which were extremely negative.

You can read those stories here.

Five in Focus
1
 
Tesla has announced a major upgrade for both the Model S and Model X, which will now have longer ranges. Read more »
2
 
Facebook has a new app called Lifestage that is designed specifically and exclusively for teens. Read more »
3
 
Google is reportedly planning to launch its virtual reality service, Daydream, in the next few weeks. Read more »
4
 
Univision will pay Gawker founder Nick Denton $200,000 per year not to work. Read more »
5
 
Google is planning to punish sites that use "intrusive" pop-up boxes on their mobile sites. Read more »
Report of the Day
The Payments Ecosystem Report

In this report, we drill into the payments industry to explain how a broad range of transactions are processed, including prepaid and store cards, as well as revealing which types of companies are in the best and worst position to capitalize on the latest industry trends.

Learn More »
Briefing Highlights
Consumers Could Pay to Use Banks' Mobile Apps
Via Apps and Platforms Briefing | Subscribe Here »

Bank app users in the U.S. may become more willing to pay a small monthly subscription fee to use their mobile banking app, according to a recent study by S&P Global Market Intelligence. Read More »

Netflix Will Have More International Than US Subscribers by 2018
Via Digital Media Briefing | Subscribe Here »

Netflix finished Q2 with 83 million subscribers, over 36 million of which were outside of the U.S., as per the company's earnings report, and IHS expects Netflix's international subscriptions to grow by 38% this year. Read More »

Citigroup Hits Another Costco Hurdle
Via Payments Briefing | Subscribe Here »

Last week, the firm mistakenly emailed a "small portion" of Costco members telling them that their membership had ended and their cards would be canceled. Read More »

Delta Airlines Introduces Chips for Smart Luggage
Via IoT Briefing | Subscribe Here »

Delta Airlines announced it will be releasing a new system that uses RFID chips placed on passengers' bags to track their location. Read More »

Alibaba Embraces Social Commerce
Via E-Commerce Briefing | Subscribe Here »

The Chinese e-commerce giant is seeing success in its social commerce efforts on its Taobao mobile app. Read More »

Japan's Fintech Push Starts to Bear Fruit
Via Fintech Briefing | Subscribe Here »

Japan has reduced investment restrictions for banks that want to invest in fintechs and created a requirement that virtual currency exchanges be registered with the regulator. Recently, we've seen further signs Japan wants to encourage fintech in the country, and that its strategy is working. Read More »

Charts of the Day
P2P business lenders now have the largest share of the UK alt finance market
Twitter in-feed ads show signs of promise
Become A Member
You can gain access to everything BI Intelligence produces - ALL of our extensive research reports, newsletters, and data - when you claim your BI Intelligence ALL‑ACCESS pass. With this level of membership, you will gain immediate access to…

ALL Existing Reports:
Our research reports have taken thousands of hours to research, analyze and compile. With over 100 reports in our archive there is something for everyone with immediate profit-driving idea potential. Packed with data, insight and analysis the research helps you understand your chosen subject area in fresh new ways.

Actionable New Reports:
You'll receive around 6 new reports each month on topics that matter to you, delivered electronically the instant they're finalized for as long as you're a subscriber.

Carefully Curated Newsletters:
With access to all 6 of our newsletters, you'll know about all the important developments that are impacting your company, your bottom line, and even your career. Our insightful news briefs give you the context around critical developments.

Timely Updates & An Online Research Center:
At least once a week, the BI Intelligence team will send you thought-provoking "extra" content in the form of charts, graphs, and graphics, along with our analysis of what it means.

And a 14-day Satisfaction Guarantee:
If you are not completely satisfied, you may cancel your ALL‑ACCESS pass before the end of your first 14-days and we will refund the full amount you've paid.
Try It Today Risk‑Free
The BI Intelligence Daily is a free newsletter highlighting topics the BI Intelligence research team finds interesting. Published around 5pm ET Monday through Friday.

Did a friend forward this newsletter?
Get it daily by clicking here.

Have friends? Think they would benefit from this newsletter?
Send them this link: http://read.bi/bii-daily


Email sent to: jasajuejejeje@gmail.com  |   Manage your email preferences   |   Unsubscribe

Terms of Service   |   Privacy Policy

Business Insider. 150 Fifth Ave, New York, NY 10011
Sailthru

0 Response to "Costco customers are still irate and threatening to cancel memberships..."

Posting Komentar