What Credit Cards Does Costco Accept?

Have you ever wondered what credit cards are accepted by Costco? Well, you have exactly come to the right place. Read this article to find out more.

Numerous Americans keep on looking out for long queues outside Costco, planning to discover tissue and purchase food in mass as the Covid pandemic continues. At the point when you go to Costco, you likely hope to see “unavailable” and “restricted amount” signs, yet you might be found napping from an alternate issue that is not identified with flexibly — your credit card may not be acknowledged at checkout.

Costco limits which sort of credit cards you can pay with to just Visa-upheld cards. Initially, Costco customers were limited to Amex-gave cards, yet that changed in 2016 when Visa turned into the restrictive Visa organization of Costco. This may cause issues at checkout if your favored type of installment is a charge card that turns out to be sponsored by an alternate organization.

If you want to know more about what credit cards does Costco accept, then you have come to the right place.  We have gathered all relevant information to help you understand everything that you need to. Below, we’ll look at what credit cards are accepted at Costco warehouses. So, what are you waiting for? Without much further ado, let us jump right in!

Credit cards accepted at Costco

At the point when you shop at Costco, you can utilize the distribution center club’s co-marked card, the Costco Anywhere Visa Card by Citi, just as some other Visa sponsored by the Visa organization. Here are a few cards that can be utilized at Costco stockrooms:

At checkout, you have the option to swipe or insert your card, as well as use contactless payment methods, such as tap-to-go and mobile wallets (Apple Pay, Google Pay and Samsung Pay).

Can you use a Visa or Mastercard at Costco?

You’re brilliant to need to realize which credit cards Costco acknowledges, on the grounds that it just acknowledges one: Visa. The biggest individual stockroom club in the nation, Costco has a special exclusive arrangement with Visa, the biggest credit network on the planet. For a long time, Costco stores just acknowledged American Express cards. In any case, in 2016, the distribution center chain did the change to Visa.

Costco went into an arrangement with Citi for it to be the backer of Costco’s charge card. What’s more, since the card, Costco Anywhere Visa Card by Citi, is a Visa, Costco needs to acknowledge all Visa cards now. By changing its sole credit supplier from American Express to Visa, Costco extended its potential customer network by millions. While American Express had 23.3 million credit accounts in the U.S. in 2016, Visa had 276 million. That implies that at any rate 250 million additional Americans can utilize their charge cards at Costco.

It additionally made shopping more adaptable for current Costco individuals. Rather than being secured in utilizing an American Express card, individuals would now be able to exploit the assortment of Visa cards accessible in the commercial center.

Does Costco accept Mastercards?

No, Costco does not accept mastercards. Starting at 2020, Visa is the main charge card that Costco acknowledges. In the event that you don’t have a Visa, you can pay with money, checks, charge cards/ATM, Electronic Benefit Transfer (EBT) or Costco Cash Cards.

Costco’s change to Visa came as an amazement to many, since the retailer had an arrangement to acknowledge just American Express cards since 1999. Beforehand, the stockroom club had acknowledged just Discover cards, which has a lot more modest part base than AmEx. The Costco-American Express arrangement filled in as a colossal aid to the two organizations, with Costco developing into one of the main three retailers on the planet and driving billions of dollars in deals volume to American Express. At that point, Costco proceeded onward to a considerably bigger credit network in Visa.

Does Costco accept Discover?

Since Costco has an agreement with Visa, customers can’t utilize Visas sponsored by the other three principle organizations, American Express, Mastercard or Discover, at Costco distribution centers. Be that as it may, you’re ready to pay with Mastercard and Discover cards for buys made at Costco.com and the Costco application. Here are a few cards that can be utilized on the web or through the Costco application:

Why does Costco not accept Mastercard?

Since they have an elite arrangement with CitiBank to give Costco Visa cards at an extremely low expense Because it is VISA they are needed to acknowledge all Visa cards. Each time a client makes a buy with a Mastercard the trader pays a level of the absolute charge to the card guarantor. That is the manner by which charge card backers (generally banks) bring in cash.

For a very long time Costco had a selective relationship with American Express. An organization that was commonly helpful to the two organizations. At the point when the arrangement was up for reestablishment for 2016 the two organizations couldn’t come to concurrence on the new terms. One out of ten American Express clients held a Costco Amex card. Citi won the offer and June 2016 was the finish of the Amex/Costco organization.

Costco acknowledges check cards as they are avoided from the understanding. Dissimilar to the Amex understanding which was among Costco and Amex, the Citi bargain incorporates Costco, Citi and Visa. All have a personal stake in the arrangement. Amex is the card guarantor, the bank and the proprietor of the Amex brand. The Visa Corporation claims the Visa brand. It isn’t to their greatest advantage to permit a vendor to acknowledge a card from a sole backer.

What are Costco’s Visa card terms?

Costco Anywhere Visa Card by Citi is accessible for no yearly charge to Costco individuals, and offers preferable awards over its American Express archetype. Its extra focuses incorporate 4% back on up to $7,000 every year (and 1% from that point) in qualified gas buys, 3% back at cafés, 2% back at Costco and 1% back on everything else. It likewise has the advantage of being a Visa card, which is acknowledged at a bigger number of vendors worldwide than American Express. Prize focuses are just redeemable at Costco discount stores and on Costco.com.

In any case, you don’t have to have the store’s Visa card to profit from the store’s change to Visa. Many Visa guarantors offer extra rewards classifications for outlet centers, which means you can make additional money back or reward focuses by utilizing your Visa card at Costco – simply check your card’s prize classifications. Indeed, even without extra rewards at stockroom clubs, individuals spend over $100 per stumble by and large and those energies can add to incredible rewards on any prizes charge card.

Does using a Visa save money for Costco members?

Per their understanding, Visa is the main installment network that Costco will work with. Installment networks are the way to Mastercard installments. At the point when a Mastercard is swiped in a store, the exchange data is sent through the Mastercard processor to the installment organization (for this situation, Visa). The organization transfers the data to the card’s responsible bank (for example Citi or Chase), which at that point endorses or denies the exchange dependent on the cardholder’s accessible credit. The bank sends the endorsement or refusal back to the organization, which sends it to the processor, at that point the store. Fundamentally, Visa converses with the client’s bank for Costco’s benefit, gets the endorsement, and sends the assets.

To utilize the installment organization, the dealer must compensate for a trade expense, which is a level of the charge sum. Regularly, this charge is 2% – 3%. By arranging a restrictiveness managed Visa, however, Costco had the option to radically bring down its exchange charges to beneath 0.5% per exchange. With such low Mastercard charges, Costco can keep its costs low. It doesn’t need to fabricate Mastercard charges into its markup, the same number of its rivals who pay 3% per exchange may. At Costco and other outlet centers, the income edge is tiny, in light of the fact that they offer the merchandise for near discount cost. This implies that every last piece of investment funds helps the organization – and benefits you by keeping the costs low.


In case you’re contemplating turning into a Costco part to save money on your basic food item bill or you’re a current part who needs to utilize your Mastercard to pay for your buys, you’ll have to have a Visa card to do as such. Costco no longer acknowledges American Express cards. Anyway you can likewise pay for your products with money or checks or charge cards.

Tony Bennett

Tony Bennett

Tony Benett makes his living in the insurance industry by teaching and consulting. He is also recognized by the legal profession as an expert on insurance coverages. His insurance experience includes having worked at the company level, owned an independent general agency and having worked for an insurance association. He has received various certificates over the past few years and helps his clients and readers by giving them a realistic outlook on what they can expect to achieve within their set targets. At Insurance Noon, he is known for his in-depth analysis and attention to details with accuracy. He has been published as one of the most referred agents by his peers in the insurance community. Tony loves the outdoors and most sport events. His passion other than providing excellent advice is playing golf.