What's the ETA for Costco to Accept Visa?
What's the ETA for Costco to Accept Visa?
As an English credit card expert, I can tell you that the ETA for Costco to accept Visa has already passed. In June 2016, Costco officially ended its exclusive partnership with American Express and began accepting all Visa credit cards in its U.S. stores.
Why did Costco make this change?
Costco made the change to Visa for a few reasons. Firstly, Visa has a larger global network of merchants, making it easier for Costco members to use their credit cards internationally. Secondly, Visa offered more favorable terms and conditions, including lower interchange fees. Finally, the partnership with Visa allowed Costco to offer more benefits to their members, such ascash back rewards.
How does this affect American Express cardholders?
American Express cardholders can no longer use their cards at Costco. However, they can still use their cards at other merchants and can also apply for a Costco Anywhere Visa card from Citi, which offers cash back rewards for purchases made at Costco and other merchants.
What about other credit card companies?
Costco only accepts Visa credit cards, so if you have a Mastercard, Discover, or other credit card, you will need to use an alternative form of payment at Costco.
Credit card tips and tricks
When applying for a credit card, it's important to consider your spending habits and choose a card that offers rewards or benefits that align with your needs. For example, if you frequently travel, a card with travel rewards may be a good option. However, be mindful of annual fees and interest rates, as these can add up quickly and negate any rewards earned.
To save money with your credit card, consider using cash back rewards for everyday purchases or taking advantage of promotional offers. And to avoid interest charges, always pay your balance in full and on time each month.
Finally, it's important to be aware of potential risks associated with credit cards, such as identity theft and fraud. Keep your card information secure and monitor your account regularly for any unauthorized charges. And if you do experience fraud, report it immediately to your credit card company.
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