Does Costco Accept Mastercard In 2022? (You’Ll Be Surprised)
Perhaps you are new to Costco, or have recently signed up for a Costco Membership.
You can find everything here about Costco and Visa. And where Mastercard fits.
Does Costco Accept Mastercard In 2022?
Costco is not accepting Mastercard credit card at any of its 2022 locations. Costco customers can use Mastercard PIN debit cards to pay in-store and at Costco Gas. Additionally, Costco does accept Mastercard credit cards when shopping online at Costco.com only.
Costco’s customers (potential and existing) may be inconvenienced by the absence of Mastercard. It is widely used around the world.
Continue reading to find out why Costco doesn’t accept Mastercard credit for payment at its physical stores.
Costco customers cannot use Mastercard credit for purchases in their stores. This is because Costco’s wholesaler has an exclusive agreement with Visa.
The deal was initiated in June 2016, when American Express and Costco couldn’t reach an agreement on the expiration of their prior contract.
The Visa deal ensures that Costco can only accept Visa credit cards from customers at their store. Costco memberships may not be for everyone.
It can prove to be extremely frustrating for potential members considering membership. This could lead to them deciding against Costco membership.
Costco will take a risk by creating more difficulties for shoppers to shop at stores. Both sides have gained from the deal.
Customers who have used their American Express cards for many years at Costco discovered that the preferred payment method was not accepted. This caused shoppers to be frustrated.
Costco Will Accept Debit Cards From Other Carriers
Costco’s exclusive Visa deal allows customers to make credit card purchases with Visa. But, they can also use any debit card that suits them best without having to worry about anything.
People whose banks issue only Mastercards, American Express or any other company-issued debit cards will be happy to hear this.
Costco will accept the following forms of payments:
Costco’s Visa agreement does not prohibit the warehouse to accept a variety of payment forms.
This good news is for customers who find themselves in a bind because they have several other options when paying at check-out. This makes it possible for people who don’t use Visa credit or debit cards to pay at checkout.
Costco takes many forms of payment, but customers still feel irritation by this major inconvenience.
Credit cards are a popular way for people to shop at their local grocery store. This allows them to continue to build credit each month. They will need to look for new shopping options if their Visa credit card is not accepted.
Find out more about Costco’s different payment options. Check out these related posts: Can you pay at Costco with PayPal? Apple Pay? Costco Layaway?
Costco’s exclusive deal with Visa might not hinder customers that currently use Visa credit cards, but it does affect those who use another brand. Costco’s exclusive deal with Visa can make it hard for some customers to buy at Costco, and then pay using Mastercard credit. Customers want to have the best possible shopping experience.
Costco has created a frustrating obstacle for its customers to navigate every time they plan to shop at their establishment. It is possible that the Visa offer will end soon. However, until that day comes, customers will have to stick to Visa credit or choose a different form of payment altogether.
Costco will accept 2022 credit cards
Costco’s exclusive credit card has been Visa since 2016. The credit cards that are backed up by American Express Mastercard or Discover won’t allow you to shop in-store. However, you can use a Mastercard or Discover card at Costco.com and via the Costco app.
Costco Has Since Gone Off Mastercard Acceptance
Costco made the change to their credit cards on June 20, 2016. That’s the date when Costco officially switched from American Express Visa to Visa after having been announced in February 2015. October 15, 2021
Will Costco Take Mastercard?
Costco contracts with Visa so that customers cannot use the credit cards of any other major network, American Express Mastercard and Discover, in Costco warehouses. For purchases at Costco.com or the Costco App, Mastercard and Discover can be used to make payments.
Why can’t you use Mastercard to Costco?
Costco offers all Visa cards, including debit cards and gift card. Costco takes Visa cards. Costco won’t accept Mastercard Discover, American Express or Mastercard. Look for the Visa logo on your card (usually located at the front) to determine if the card is Visa.
.Does Costco Accept Mastercard In 2022? (You’Ll Be Surprised)