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  1. #1
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    Question Which credit cards does Costco accept?

    Can someone tell me which credit cards does Costco accept? Do they accept cards other than the American Express Costco credit card? What about debit? I know many places don't take credit cards but they do accept Mastercard and Visa debit cards. I was there with my sister and was under the impression they only accept American Express. Can someone tell me if this is true and if it is true how is that legal? I thought there were antitrust laws that prevented a single credit card company from monopolizing the market?

    Thanks in advance.

    [The Confused Shopper]
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  2. #2
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    Inside the store, they accept Amex (any) and Costco cash cards, although many also have an ATM for cash withdrawals. You can also pay with cash and check.
    Intellectuals solve problems. Geniuses prevent them.
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  3. #3
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    Mine accepts Debit Cards backed by either Visa or Mastercard.
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  4. Centurion Member Cucumber's Avatar
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    The Costco in Van Nuys California that I went to in the past didn't accept debit- only Amex credit cards. But yea that was a long time ago so as DGenerateKane said it sounds like they take debit now.

    I don't think the Costco/American Express marriage is going to change anytime soon.

    Here's the info for the Costco credit card
    OBAMA
    Stop talking crap about him!
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  5. #5
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    Costco locations in the U.S. take any American Express branded card, Debit(PIN ONLY), Checks, Costco Gift Cards and Cash.

    Costco Gas stations in the U.S. only take American Express, Debit(PIN ONLY) or Costco gift cards.
    Wallet:
    AMEX BCP: 9K (2012) (every day expenses, gas, groceries, department stores)
    AMEX Zync: NPSL (2011) (large expenses)
    AMEX Costco: 4k (2013) (Costco, gas, and restaurants)
    Discover IT: 5K (2010)
    PenFed Plat Rewards Visa: 3K (2012) (Gas, Target)
    USAA Plat MC: 7K (2010) (everyday expenses, places that do not take Amex or Discover)
    US Bank Cash+: 7K (2012)
    Target REDCard 3k (2013)
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  6. #6
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    American Express only.
    My Cards

    Chase Freedom Visa Signature: $5.2K
    Capital One Quicksilver Visa: $6K
    Discover IT: $5.5K
    Huntington Voice World Mastercard: $1.125K
    Citi Thank You Visa Signature: $6.5K

    In the garden until May 2015.
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  7. #7
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    Quote Originally Posted by confused-shopper View Post
    I was there with my sister and was under the impression they only accept American Express. Can someone tell me if this is true and if it is true how is that legal? I thought there were antitrust laws that prevented a single credit card company from monopolizing the market?
    [The Confused Shopper]
    They can accept whoever they choose to. The store pays a transaction fee for certain cards. Each network puts additional limitations on the merchant as more cards are used (VISA doesn't allow surcharges for credit cards, Discover doesn't allow surcharges if VISA is also accepted). I suspect this also has something to do with how much they can charge a merchant too (i.e. reward cards cost merchants more).
    Amex BCE: $5900 | Discover: $2200 | Target: $800 | BoA Rewards: $700
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    Quote Originally Posted by confused-shopper View Post
    Can someone tell me which credit cards does Costco accept? Do they accept cards other than the American Express Costco credit card? What about debit? I know many places don't take credit cards but they do accept Mastercard and Visa debit cards. I was there with my sister and was under the impression they only accept American Express. Can someone tell me if this is true and if it is true how is that legal? I thought there were antitrust laws that prevented a single credit card company from monopolizing the market?

    Thanks in advance.

    [The Confused Shopper]
    Costco accepts any American Express card (Costco TruEarnings or otherwise). They also accept AMEX Serve (prepaid card). Debit cards with Visa/MC are accepted as well (you will need to process it as a PIN based transaction). Of course cash!
    SPG '99:15k || TruEarnings '99:15k || Local CU '11:15k || Freedom '07:11k || DoubleCash '99:9k
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  9. #9
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    Quote Originally Posted by Dman316 View Post
    American Express only.
    That's not true in the Costco's I have shopped in.
    SPG '99:15k || TruEarnings '99:15k || Local CU '11:15k || Freedom '07:11k || DoubleCash '99:9k
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  10. #10
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    Quote Originally Posted by confused-shopper View Post
    Can someone tell me which credit cards does Costco accept? Do they accept cards other than the American Express Costco credit card? What about debit? I know many places don't take credit cards but they do accept Mastercard and Visa debit cards. I was there with my sister and was under the impression they only accept American Express. Can someone tell me if this is true and if it is true how is that legal? I thought there were antitrust laws that prevented a single credit card company from monopolizing the market?

    Thanks in advance.

    [The Confused Shopper]
    There's nothing illegal about this at all. And there's no anti-trust violation. A RETAILER can choose to accept one card, multiple cards, or no cards at all. The card company is not involved in any sort of monopoly in such a circumstance. Back in the day, Discover card had an exclusive relationship with Sears (since it was a division of Sears back then), and more recently, Discover has had a relationship with Sam's Club; for a while, they didn't accept anything but Discover. It's all a matter of what a retailer is willing to tolerate as far as swipe fees are concerned; hence the reason many retailers don't accept AMEX.

    PS -- I know this is an older thread!
    Diners Club Card Premier $50K / AMEX Gold NPSL / AMEX Zync NPSL / AMEX Blue Cash Preferred $14K / Bank of America Cash Rewards Signature Visa $15K / Merrill Lynch Plus Signature Visa $15K / Chase Sapphire Preferred Signature Visa $10K / J P Morgan Select Signature Visa $10K / Chase Slate Visa $6K / CITI Diamond Preferred MasterCard $13.2K / Discover IT $11.6K / IberiaBank Select Visa $8K / 1st Command Bank Platinum Visa $7.5K / Wells Fargo Propel 365 $14K / Home Depot $9.7K / Lowes $10K

    EX = 799 EQ = 812 TU = 811 11/2014 CL=$194K Util=~3%
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