Costco, Amex to Offer Co-Branded Card

Costco Cos. and American Express have teamed up to issue co-branded credit cards that offer cash rebates at Costco’s warehouse discount stores. Starting in November, consumers with qualifying credit histories can buy American Express cards that double as Costco membership cards, the companies said. Businesses with Costco accounts will be able to obtain corporate cards. Both cards will carry no annual fee other than what it costs to join Costco, and they can be used anywhere that accepts American Express. American Express’ basic card normally carries an annual fee of $55. Interest rates and other details will be announced in the fall, the companies said. Costco now has its own branded credit card and accepts the Discover card.