What Credit Card Does Costco Take

What Credit Card Does Costco Take? The Costco has grown to become arguably one of the most popular houses for shopping. With time it has become a major warehouse for many commodities. It is impossible to attempt to list all the commodities in there. These include chains, groceries, clothes, electronic and electric devices and more. The company is loved by its loyal consumer group because of the many good policies it has, one of which is the return policy. Over the years, the company has built this group of loyal consumers who continue to grow and who have grown to use cashless methods for shopping. This method requires the usage of credit cards. Like every other trading house, it is not every card that is accepted by the trading company. In this write-up, we attempt to look at these cards and present them to you. The sad thing is you might not even know if your card is accepted or not. It is therefore important to read to the end.

The first thing to note is that Costco has chosen to accept only credit cards that are backed by Visa. Until the year 2016, it sued to take only Amex cards but changed that to Visa cards.

Unfortunately, if you don’t know this and then you are done shopping only to present a card that is issued by another company.

Let us go through the list. Note that the company has a website Costo.com and an app, the Costco app where you can do shopping online.

Since this is an exclusive arrangement, Visa card holders are more at an advantage than the others, this is because, at the warehouse, you are not going to be able to use any other card apart from Visa, however, on the app and on the website, other major cards like the American Express, the Mastercard and the Discover card are going to work.

If you are going to be shopping at the warehouse, there is the Costco Anywhere Visa Card that is issued and branded by Citi, you can acquire this and use it as it comes with some advantages. Otherwise, with any Visa Card, you are good to go.

 

What Credit Card Does Costco Take?

Listed here are some of the cards you can comfortably take to Costco warehouses all over the world.

The Chase Freedom Unlimited Credit Card

The Wells Fargo Active Credit Card

The PenFed Power Cash Rewards Visa Signature Credit Card

The Chase Sapphire Preferred Card

When you are about to “checkout” there are a number of options available to you, you can decide to swipe, you can also insert your card or use the contactless payment methods that are available. Some of them are the “tap to go” or the mobile wallets such as “Apple Pay” “Google Pay” or “Samsung Pay”

Note that, per research, it has been concluded that average, a customer who visits Costco is likely to spend up to USD 114 per visit to the warehouse. Because of this, ensure that you are paying with a credit card that will give you the best or maximize your expenditure. The cards listed above have been ranked in order of usage. And before they were ranked a lot was taken into consideration, some of the factors that were considered are the interest rates of the cards, the reward scheme, the bonuses you get when you sign up, and the annual percentage rates (APR)

There is a very good reason why Costco decided to partner with Visa. What happens is that Visa cards come with some benefits like low merchant fees. If there are any savings that are made by using Visa, these savings go to the customer, making the customer make some gains.

It is of utmost importance to keep in mind that this restriction to Visa cards is only with respect to CREDIT cards and not to DEBIT cards. When it comes to debit cards, a host of ATM cards are accepted.

Which card does Costco not accept?

Having said all that, are there any cards that Costco won’t accept outright? Here are a few so you can take note. As already stated, if your credit card is coming from American Express, Mastercard or Discover, know that these won’t be taken at the warehouse but could work online on the website and on the app.

In vide of these, the below-stated cards may not work at the warehouse but online

Chase Freedom Flex Credit Card

Citi Double Cash Card

Citi Rewards Credit Card

Capital One Savor Cash Rewards Credit Card

Discover it Cash Back Credit Card

Discover it Chrome Credit Card