Costco, the largest discount club retailer, certainly has a huge following. These folks line up fervently for bargains, from smart tech to TVs, cameras, and consoles (not to mention cheap gas, roast chickens, and everything in between). However, the question arises as to which credit cards and other payment methods are accepted at the Costco warehouse.
Thrifty folks love the atmosphere after all, with Costo’s concrete floors, industrial warehouse shelves to display items, and lack of plastic bags for shopping. The truth is, Costco demands value. Have enough goodies to wrap around lunchtime for a decent meal or hot dog combo under $2, and it’s easy to see how Costco can get people to buy your annual memberships. After all, this Costco formula has propelled it to the heavyweight position of being the largest members-only warehouse club in the entire United States.
But Costco has its challenges too, like navigating the crowded parking lot or picking up enough boxes to pack the order. Another problem is the method of payment accepted. Costco is generally more restrictive than most other grocery stores or large retailers that accept a wider range of credit cards.
That’s why we’ve developed this guide to the Costco credit cards accepted by Costco.
Since 1999, Costco has only accepted one type of American Express credit card. That changed in 2016 when Costco made a better deal and replaced Amex exclusivity with Visa credit cards.
What types of payment and credit cards does Costco currently accept?
Costco has never been the retailer with the most payment methods, but things have gotten better over time. Before heading to Costco, keep in mind these are the payment methods currently accepted at the time of writing:
- In liquid
- EBT Cards
- Costco Payment Cards
- All Visa credit cards
- Many PIN-based ATM/debit cards
- Personal checks from your members.
- Verifications of the company of its members
- Traveler’s checks
- Mobile payment options including Apple Pay, Google Pay, and Samsung Pay
Are there any specific credit cards I should consider for Costco?
If you’re a regular at Costco stores, you should mention the retailer’s Costco logo, which offers in-house credit card offers. They are designed to provide additional benefits to individual Costco members. Costco member companies are also eligible for their corporate version.
Benefits start with no-fee fees and cashback vouchers that can be redeemed for cash directly or as merchandise at the Costco warehouse, a great alternative to the top-performing credit card with discounts on the market.
Do I need a credit card for Costco?
You can see from the information above that putting a Costco branded credit card in a bag can be worthwhile if you do a lot of shopping at their stores. Any vendor that offers benefits or travel rewards credit cards can be leveraged to earn by spending.
But that only works if you deploy your plastic responsibly – pay off the balance promptly and don’t pay for purchases you normally couldn’t afford. It’s a one-way way to generate even higher bills and drive up costs. We strongly recommend that you exercise caution if you think you won’t be able to pay your credit card bills before the interest accrues.
Editorial Disclaimer: The opinions expressed in this document are those of the author and not those of any bank, credit card issuer, airline, or hotel chain, and have not been reviewed, approved, or endorsed by any of these entities.
Since credit cards are accepted at Costco, plan to have extra cash on you because you never know what bargain you’re going to get!
There are other tips to know to take full advantage of this warehouse store that sells around 400 of the most popular products!
- Top brand ink cartridge refills and 4 x 6 photo development are cheaper than anywhere else!
- Kirkland batteries are identical to Duracell, you can trust them!
- Moreover, the house brand, Kirkland, is very popular for its diapers, frozen vegetables and many other products.
- The toys sold at Costco are also much cheaper than elsewhere, take advantage of this.