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Costco / Citibank Contact Agreement


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Here's a section of the new new Costco / Citibank Visa card agreement.

Looks like they have been talking to PayPal:

 

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David & Sandi
2010 Silver Fox 29 5T
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Sign up at Costco today that they will soon stop taking American Express. Does anyone know the exact date?

 

Thanks!

 

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I have often wondered just what COSTCO and Sam's Club get from the card companies that brings them to accepting their use in the store? Clearly there is something quite different in the card agreements that they have from those of merchants in general. I would shop more at those stores if they would accept cards that I already have. As it is, only my debit card is accepted as they do still accept those from other card systems.

Good travelin !...............Kirk

Full-time 11+ years...... Now seasonal travelers.
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I would shop more at those stores if they would accept cards that I already have. As it is, only my debit card is accepted as they do still accept those from other card systems.

Once Costco changes over to the VISA card, as I understand it, you will be able to use any VISA card at their stores...you just won't get the Costco-specific reward points that the Costco VISA card will provide.

LindaH
2014 Winnebago Aspect 27K
2011 Kia Soul

 

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What I think they are getting is a reduction in the credit card transaction processing fees, the amount that Costco/Sam's pays to the card company for each purchase.

First rule of computer consulting:

Sell a customer a Linux computer and you'll eat for a day.

Sell a customer a Windows computer and you'll eat for a lifetime.

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Sam's Club now takes American Express. Seems like they just swapped cards,

 

Safe Travels!

SKP #89742 - Lifetime membership - Member of the SKP Class of 2007
Good Sam Club - Lifetime Member
DataStorm #5423
Passport America - Lifetime Member
Sons Of The American Revolution (SAR) - Lifetime Member
American Legion - USAF - Lifetime Member
Rotary Club Member - 30 years

Escapee CARE Supporter

National Wildlife Refuge Volunteer

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