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On June 20, Costco officially switched from accepting only American Express cards to accepting only Visa credit cards. The switch was delayed from earlier this year because the transition took longer than expected, but now the co-branded Visa Costco card is available and open for sign-ups. Last year, Costco competitor Sam’s Club began accepting Amex cards, and earlier this year it started accepting Visa cards, and now, the wholesale retailer is targeting Costco shoppers with an enticing deal.

From now through July 4, those with a Costco Membership Card can shop at all US Sam’s Club locations with no additional fees or purchase of a Sam’s Club Card. Essentially, your Costco Membership Card is also your Sam’s Club Card through July 4. If you’re a loyal Costco shopper, this could be a good opportunity to try out another store without having to purchase a membership.

Keep in mind that in order to shop at Costco with its new Visa requirement, you’re not restricted to using the Costco Anywhere Visa Card; you can use any Visa-branded card. However, the new Costco co-branded Visa card, the Costco Anywhere Visa Card, is a good option and gives you 4% cash back on eligible gas purchases for the first $7,000 (then 1% thereafter), 3% cash back on all restaurant and eligible travel purchases, 2% cash back on all purchases from Costco and and 1% cash back on all other purchases.

Although this card and its business version are appealing, a better option when shopping at wholesale retailers like Costco and Sam’s Club could be the Chase Freedom Card. Earlier this month, Chase shared plans that it would be extending the 5% cash back category bonus with the card for purchases at wholesale clubs through the end of 2016. So whether you’re shopping at Costco or trying out Sam’s Club with this new promotion, you can use your Visa-branded Chase Freedom Card for an appealing 5% cash back on purchases.

Chase Sapphire Preferred Card

With great transfer partners like United and Hyatt, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game.

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More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
Regular APR
16.49% - 23.49% Variable
Annual Fee
Introductory Annual Fee of $0 the first year, then $95
Balance Transfer Fee
Recommended Credit
Excellent Credit

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