Why did Costco stop accepting American Express
Costco Wholesale Corp. has started to issue new Visa cards to its customers, who after June 20 will no longer be able to use their former Costco cards from American Express. A Citi spokeswoman said all existing Costco card members should have received new credit cards in the mail in May or early June.
When did Costco switch from American Express to Visa
Beginning June 20, 2016, the old cards will not work anywhere. Starting June 20, 2016, Costco will no longer accept any American Express cards – only Visa.
Why did Costco switch to Visa
The store said a year ago it’s ending its agreement with American Express (AXP) and switching to Visa (V) on June 20. That means that Costco stores will only take Visa, and the Costco-branded credit card will be Visa instead of AmEx. And it turns out that the new card will have an even better cash-back program.
Is Costco membership free with American Express
With TrueEarnings® Card from Costco and American Express, you can get cash back on your purchases, inside and outside of Costco. If you are a paid Costco member, you’ll enjoy $0 annual fee for this card.