This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.
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.
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
It's a stellar Cash Back card on its own, but when paired with the Chase Sapphire Reserve or Chase Sapphire Preferred, the Freedom's 5x Category Bonuses let you rack up Chase Ultimate Rewards Points, transferrable to partners or redeemable via the portal.
- 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 15.49-24.24%. Balance transfer fee is 5% of the amount transferred, $5 minimum
- Enjoy new 5% categories every 3 months
- Cash Back rewards do not expire as long as your account is open
- No annual fee