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What Credit Card Does Costco Take? (TOP 5 Tips)

Since Costco has a contract with Visa, shoppers can’t use credit cards backed by the other three main networks, American Express, Mastercard or Discover, at Costco warehouses. However, you’re able to pay with Mastercard and Discover cards for purchases made at Costco.com and the Costco app.

What credit cards does Costco take?

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  • As of 2016, the only credit cards Costco accepts are Visa cards. Costco also accepts cash, checks, debit cards/ATM, Electronic Benefit Transfer ( EBT ) and Costco Cash Cards.

Why does Costco not take Mastercard?

Only Visa® Network Credit Cards Are Accepted at Costco More expansively, Costco has an exclusive contract with Visa that prohibits the use of any other credit card networks, including Mastercard, Discover, and American Express. Visa only processes the transactions — the issuing bank does everything else.

Why does Costco not accept Visa?

Costco in Canada is separate from (although related to) Costco in the US, and banking is separate in Canada from US banks and credit cards. So the contract that Costco has with Visa in the US does not apply in Canada, or vice versa.

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Is Costco accepting American Express?

American Express is NOT accepted at Costco stores or on the Costco website. It’s the only major card issuer that is not accepted at any available purchase point from the wholesaler. This may surprise some consumers because Costco used to have an exclusive in-store relationship with Amex.

What credit cards get you into Costco?

Costco.com:

  • All Visa Cards.
  • The Costco Anywhere Visa® Card by Citi.
  • MasterCard.
  • Discover Cards (Including JCB and Diners Club)
  • Most PIN-based Debit/ATM Cards.
  • Costco Shop Cards*
  • Visa (For more information, please view the Visa FAQs)

Can I use a different credit card at Costco?

When you shop at Costco, you can use the warehouse club’s co-branded card, the Costco Anywhere Visa® Card by Citi, as well as any other credit card backed by the Visa network.

Will Costco take my Mastercard debit card?

Note that MasterCard (and Visa, Discover) are accepted for online purchases at Costco.com but not in the warehouse locations.

Does Costco gas accept Mastercard?

Costco warehouses and gas stations only accept Visa credit cards, cash, debit cards, and Costco Shop Cards (gift cards). They do not accept Mastercard, American Express, or Discover cards. The branded cards also switched over at that time, and cardholders received the Costco Anywhere Visa Card.

Does Costco accept debit?

Yes, customers don’t need to have a Visa card to pay for their Costco purchases. Costco also accepts cash, checks, debit/ATM, EBT and Costco Cash Cards.

What credit cards are accepted at Costco Canada 2020?

As of November 2020, the following credit cards are accepted at all 100 Canadian Costco locations:

  • MasterCard Credit Cards.
  • Debit Cards (includes Visa debit cards)
  • Costco Shop Cards.
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Why did Costco drop Amex?

Costco switched to Visa mainly for business reasons. Though they enjoyed a 17-year exclusive relationship with American Express, eventually they could not negotiate a renewal of the contract with the terms they wanted.

Why did Costco stop using American Express?

It was the only type of credit card accepted at the store, and if members of the wholesale giant wanted a credit card with Costco-related rewards, their only option was to get a co-branded American Express/Costco card. You can only use a Visa if you’re paying by credit card at Costco.

Where is AMEX not accepted?

It has to do with its business model. Typically, credit card companies make much of their money via interest charges. But many of American Express’ most popular products are charge cards rather than true credit cards, meaning cardholders pay their bills in full every month and do not incur interest.

How much is a Costco credit card?

Annual fee: $0 for the card, but you have to be a Costco member. A baseline Gold Star membership costs $60 per year, while the higher-tier Gold Star Executive membership is $120 per year. Rewards: 4% cash back on gas purchases (both at Costco and other gas stations) on up to $7,000 of spending a year, then 1% back.

Is Costco membership free with credit card?

While the card itself has no annual fee, cardholders must have a paid Costco membership, which start at $60 for Gold Star and Business levels, then doubles in price to $120 for Gold Star Executive and Business Executive members. If you’re already a Costco member, this isn’t really an added cost.

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How can I get a free Costco membership?

To redeem the savings buy the voucher on groupon.co.uk, then head into your nearest Costco store by 31 May 2019 to get your membership activated. Once successfully signed up, shoppers will then be given their free Costco shopping voucher.

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