Costco no longer accepts American Express cards. However you can also pay for your goods with cash or checks or debit cards. Shop around for the best savings account. If you’re saving for short-term financial goals, like buying a new appliance, a savings account that earns interest is a good place to put your money.
For many years, Costco stores only accepted American Express cards. But in 2016, the warehouse chain made the switch to Visa. Check out the best cash back credit cards.
Costco’s members who were used to paying for their purchases with an American Express card faced few options: They could use any Visa branded credit card or pay for the order in cash.
Was American Express’s decision to stop accepting Costco a disaster?
Ever since American Express ( NYSE: AXP) announced that it will no longer be the exclusive credit card accepted at Costco ( NASDAQ: COST), most analysts and commentators have portrayed the decision as an unmitigated disaster.
Do you need a Visa card for Costco?
If you’re thinking about becoming a Costco member in order to save on your grocery bill or you’re an existing member who wants to use your credit card to pay for your purchases, you’ll need to have to Visa card to do so. Costco no longer accepts American Express cards.
Can you get a Costco credit card with a Visa logo?
If you want a co-branded credit card with a Costco logo on it, you can now only get it through Citi. In addition to Visa cards, Costco still accepts cash, checks, most debit and ATM cards, electronic benefit transfer (EBT) and Costco Shop Cards.
What credit cards are accepted at Costco?
Simply put, Costco only accepts Visa-branded credit cards for purchases made in-store. From 1999 to 2016, Costco only accepted American Express backed credit cards until they made the switch to Visa for their lower merchant fees and expanded user base.
In addition to Visa cards, Costco still accepts cash, checks, most debit and ATM cards, electronic benefit transfer (EBT) and Costco Shop Cards. Want cash back rewards?
As of 2020, Visa is the only credit card that Costco accepts. If you don’t have a Visa, you can pay with cash, checks, debit cards/ATM, Electronic Benefit Transfer (EBT) or Costco Cash Cards. Costco’s change to Visa came as a surprise to many, since the retailer had a deal to accept only American Express cards since 1999.