It’s Official! Costco Switching from AmEx to Visa on June 20, 2016

Costco Visa Deal AnnouncedRemember last year, when we talked about Costco switching from American Express to Visa?

They originally thought it would be April 1st of this year that the switch happened, but considering that March is nearly over — and I haven’t heard a peep — I was starting to wonder.

Well, Costco and CitiBank Visa have finally set a hard date for the switch — June 20.

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Beginning from that date, customers will no longer be able to use their American Express cards at Costco and will instead only accept their co-branded Visa card, as well as other cards without the Costco branding.

Your American Express card will be automatically cancelled on June 20th.

Those of us with an American Express Costco card will not need to apply for the new CitiBank Costco card. Starting in May, Citi will mail it to the basic cardmember or authorized officer’s mailing address provided to Citi. If you’ve recently moved, make sure your mailing address is up-to-date with Costco (I’ll be doing that!).

The cash-back bonuses are slightly different than with the current AmEx Card, which I understand was one of the factors in Costco’s decision to switch co-branded cards.

  • 4% cash back on eligible gas worldwide, including gas at Costco, for the first $7,000 per year and then 1% thereafter
  • 3% cash back on restaurant and eligible travel purchases worldwide
  • 2% cash back on all other purchases from Costco and Costco.com
  • 1% cash back on all other purchases

Any cash back rewards you’ve already earned from your American Express Costco card will be transferred automatically to your new card on June 20, 2016, so you won’t lose any of the rewards you’ve already earned. 

The 7 Best Deals at Costco | Not everything at Costco is a bargain - in fact, quite the opposite. But these seven items are an incredible buy - and you never have to clip a coupon to save!

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Comments

  1. Marilyn S Gorodetzer says:

    What is the connection between Costco and Kosher on a Budget. There is no longer Kosher chicken available at Costco as well as other kosher proucts. This is West Palm Beach, FL. Please explain.
    Thank you,

  2. Mara Strom says:

    Hi Marilyn – Thanks for your question. There is no official connection! I’m simply sharing information with my readers!

    As far as what is and is not carried at your local Costco, these decisions are made locally (rather than nationally), so I recommend that you ask to speak to the manager at your local store and let him/her know that you’d love to see them carry Empire chicken again.

    I hope that helps clarify for you.

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