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Costco Accepts Visa Credit Cards Starting June 20, 2016

3/22/16. We’re finally getting the word that Costco will start accepting Visa credit cards on June 20, 2016. So that means the last day to use your Costco branded American Express credit card is June 19, 2016. Members with Costco cards from Amercian Express will automatically receive new Visa credit cards from Citibank to replace their cards*. • Cardholders will not need to apply for the new credit…

Costco To Stop Accepting American Express in 2016

2/12/15. Wow, what shocking news. American Express said it will end its U.S. co-branding and merchant acceptance agreement with Costco on March 31, 2016. American Express Chief Executive Kenneth Chenault said the partners were unable to reach terms “that would have made economic sense for our company and shareholders”. Currently, Costco pays a significantly lower rate than the overall average American Express imposes on other retailers. That special arrangement gave…