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Costco Officially Switches to Visa on June 20

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Costco has finally set a hard date for its switch from American Express to Visa. Beginning June 20, the wholesale chain will no longer accept American Express cards, including its own co-branded cards, in favor of Visa. Earlier this year, the chain announced that there would be a delay in the switch, but it seems that the date is finally settled. Customers now will be able to use Visa cards, including those without Costco branding, such as the Chase Freedom.

As of June 20, Costo will no longer accept American Express cards, including it's own co-branded one, in favor of Visa cards.
As of June 20, Costo will no longer accept American Express cards, including it’s own co-branded one, in favor of Visa cards.

Current Costco Amex cardholders will automatically be switched to a new Costco Citi card from Citibank as part of the new co-branded program. If you’re a Chase Freedom cardholder, this is especially good news as you’ll be able to take advantage of Chase’s latest 5% bonus category, which includes wholesale clubs. Note that this bonus is only valid through the end of June, so there won’t be too much time to spend with the increased rewards.

H/T: Doctor of Credit

Chase Freedom®

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  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Unlimited 1% cash back on all other purchases — it's automatic
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 14.24-23.24%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • Enjoy new 5% categories every 3 months like gas stations, restaurants, and wholesale clubs
  • Cash Back rewards do not expire as long as your account is open
  • No annual fee
Intro APR Regular APR Annual Fee Foreign Transaction Fee Credit Rating
0% for 15 months 14.24%-23.24% Variable $0 3.00% Excellent/Good