BIG NEWS FOR COSTCO SHOPPERS! Visa has taken over as the exclusive credit card for Costco. This means TWO major changes. The first affect everyone who pays for their Costco purchases with a credit card. As of Monday June 20th, Costco will ONLY accept Visa credit cards. No more Amex, MasterCard, Discover, etc. You can however still pay with cash, checks, debit cards, Electronic Benefit Transfer (EBT) and Costco Cash Cards.
The other change affects those who have the Costco American Express Card. If you have not already, you can expect to receive a brand new Costco Citi Visa Card in the mail. Don’t worry, you don’t have to do anything and all your previously earned cash back rewards will transfer to your new card. This change is also very positive because the cardholder benefits have increased, including a 3% increase on Gasoline Purchases, 1% increase on eligible travel and restaurant purchases, and a 1% increase on Costco purchases!