Costco and Citi Forge New Retail, Credit Partnership

The video discusses the benefits of the Costco card, offering cashback on various purchases. It highlights the market potential and importance of the card for Citi, with 11 million cards being introduced. Consumer spending trends show strong sentiment, with low credit losses. The partnership between Costco, Visa, and Citi is strategic, focusing on value for members. The video concludes with the potential growth and success of the card in the coming years.

What percentage of cashback does the Costco credit card offer on gas purchases?

• 3%

• 2%

• 4%

• 5%

How many Costco members currently have the credit card, according to the transcript?

• 51 million

• 30 million

• 20 million

• 11 million

What is the observed trend in consumer spending according to Citi?

• Decreasing

• Stable

• Increasing

• Fluctuating

Which sector is mentioned as benefiting from consumer spending?

• Discretionary

• Technology

• Real Estate

• Healthcare

What is the key factor in the partnership between Costco, Visa, and Citi?

• Price

• Location

• Product construction

• Marketing