Originally Posted by Andy M.
Tell me more!!
Costco is discontinuing their partnership with Amex. A little while back, when their Canadian agreement was up for renewal, they switched their credit card to MasterCard. In Canada, they no longer take AMEX, only MC(no Visa - their agreement is exclusive.)
They stated at the time that they were going to follow suit when their US contract with Amex expired, but only later announced that the US card would be Visa. I first heard that it was planned for early 2016, but that date has been pushed back to sometime this summer. Whatever deal they are cutting with Visa is supposed to be better for Costco and include more perks for us than they had with Amex.
I believe Citibank will be issuing the new Visa cards, but there is not info yet on when the perks/rewards will be. One benefit of this is that all Visa cards will be accepted, not just the co-branded ones. Another is for those folks who couldn't qualify for an Amex card - Visa is typically easier to obtain.
I'm not sure what will happen if a Canadian tries to use their Costco MasterCard in the US, or an American tries to use their Costco Visa in Canada.
FWIW, BJ's branded card is MasterCard, and I believe Sam's club is now Visa.