Via my mother (I have trained her well 😛 ), Costco Amex holders may be eligible for a $300 sign up bonus on the Amex Blue Cash Everyday (see Doctor of Credit’s review of it and a publicly accessible $250 offer here) card. As far as I know, there’s no offer code, but you do have to call in and go through the phone bill-pay flow (you will get redirected to an agent because they are trying to convert customers; note also that they may give you a lesser offer but as with all things, just HUCA). I tried numerous times to see if there were product change offers available over online chat and the reps came up with nothing, but if anyone has success, let us know in the comments.

Anyway, I’m rambling a bit, so here are the details:

  1. $200 bonus for ‘trying’ the card
  2. $100 after $1000 spend in your first 90 days of holding a card
  3. Some weirdness with regards to how the account is opened.

Allow me to explain what I mean by 3. The phone rep claimed that opening the Blue Cash Everyday would be a soft pull because it was a product change, but the way the change actually seems to be implemented is that the card gets opened as a separate product but with an identical credit line, and the Costco card stays on your account but expires after Citi takes over next spring. It’s unclear what this actually looks like from a credit report perspective (e.g. is payment history, account open date, etc transferred?), but we’ll keep you posted as we learn more.

This is a phenomenal deal, and a lot of people have been waiting around trying to figure out what Amex’s plan was for preserving its cardholders. Now we know!!