What is the start date for Costco to accept Visa?

What is the start date for Costco to accept Visa?

As of June 20, 2016, Costco Wholesale Corporation began accepting all Visa credit cards at its U.S. and Puerto Rico warehouses. This was a significant change for Costco, which had previously only accepted American Express cards.

Why did Costco make the switch?

Costco had a long-standing partnership with American Express, but the company decided to end this partnership in 2015. After negotiations with several credit card companies, Costco ultimately chose to partner with Visa. The decision was based on several factors, including Visa's global reach, strong brand reputation, andcompetitive pricing.

What does this mean for cardholders?

Cardholders can now use any Visa credit card to make purchases at Costco. This includes Visarewards cards, which offer cash back, points, or miles for purchases made with the card. Cardholders can also use their Visa cards to earn rewards outside of Costco, and then use those rewards to make purchases at the warehouse club.

Are there any drawbacks for cardholders?

One potential drawback is that Visa cards may have higher interest rates or annual fees than other cards. Additionally, Costco limits the types of Visa cards it accepts, so some cardholders may not be able to use their preferred card at Costco. However, many Visa cards offer benefits such as extended warranties, purchase protection, and travel insurance that may make them worth considering for Costco purchases.

How can cardholders make the most of their Visa cards at Costco?

Cardholders can maximize their rewards by using a Visa rewards card that offers bonus points or cash back for groceries or warehouse club purchases. They can also take advantage of Costco's frequent sales and promotions, which can help them save even more money on their purchases. Additionally, cardholders should be aware of the potential risks of using credit cards, such as overspending or accruing high interest charges, and should use their cards responsibly to avoid these pitfalls.

Overall, Costco's switch to accepting Visa cards provides more options and convenience for cardholders, while also allowing Costco to reach a wider audience of potential customers. By choosing the right Visa card and using it responsibly, cardholders can make the most of their purchases at Costco and beyond.