Costco Will Divorce Amex For Visa In 2016
NPR
Thursday, March 5, 2015
Update RequiredTo play audio, update browser or
Flash plugin.
A customer packs groceries into his car outside of a Costco store on March 6, 2014 in Richmond, California. (Justin Sullivan/Getty Images)
After 16 years of only accepting American Express for credit in the store, Costco – the nation’s number one wholesale club operator – will only accept Visa credit cards starting in 2016, along with debit and cash.
NPR’s Marilyn Geewax speaks with Here & Now’s Jeremy Hobson about why Costco can make such a move, and what it means for the credit card industry and the economy as a whole.
Guest
Copyright 2024 NPR. To see more, visit https://www.npr.org.
View this story on npr.org
Follow us for more stories like this
CapRadio provides a trusted source of news because of you. As a nonprofit organization, donations from people like you sustain the journalism that allows us to discover stories that are important to our audience. If you believe in what we do and support our mission, please donate today.
Donate Today