Costco to ditch AmEx cards at U.S. stores next year
finance.yahoo.com
Costco to ditch AmEx cards at U.S. stores next year
1–10 of 19 posts
Re: Costco to ditch AmEx cards at U.S. stores next year
#2It's a great mystery why AmEx doesn't seem to want to get more retailers using their card. Although their cardholder services are great, the card is accepted in so few places that I rarely try to use mine.
Re: Costco to ditch AmEx cards at U.S. stores next year
#3It's a great mystery why AmEx doesn't seem to want to get more retailers using their card. Although their cardholder services are great, the card is accepted in so few places that I rarely try to use mine.
that's weird. i use my amex at least 99% of the time.
Re: Costco to ditch AmEx cards at U.S. stores next year
#4It's a great mystery why AmEx doesn't seem to want to get more retailers using their card. Although their cardholder services are great, the card is accepted in so few places that I rarely try to use mine.
Like beachstartup, I also use my AmEx for 99% of purchases in the US. I can't remember the last time it wasn't accepted at a retail store.
Re: Costco to ditch AmEx cards at U.S. stores next year
#5It's a great mystery why AmEx doesn't seem to want to get more retailers using their card. Although their cardholder services are great, the card is accepted in so few places that I rarely try to use mine.
that's weird. i use my amex at least 99% of the time.
as do I - it's wonderful, and if you ever had electronics die after warranty ends (within 3 years) they have an amazing program to make you whole within minutes, no hassle, no costs... I would fight for my AmEx!
Re: Costco to ditch AmEx cards at U.S. stores next year
#6It's a great mystery why AmEx doesn't seem to want to get more retailers using their card. Although their cardholder services are great, the card is accepted in so few places that I rarely try to use mine.
Retailers pay the highest fees on AmEx so many don't want to take it. In Canada, Costco already switched from Amex to Mastercard as of January.
The only reason I have an Amex is because of Costco and now I'll probably phase out using it.
Re: Costco to ditch AmEx cards at U.S. stores next year
#7It's a great mystery why AmEx doesn't seem to want to get more retailers using their card. Although their cardholder services are great, the card is accepted in so few places that I rarely try to use mine.
Like beachstartup, I also use my AmEx for 99% of purchases in the US. I can't remember the last time it wasn't accepted at a retail store.
Well yes, collusion is grand.
Retail stores are happy to charge everyone 2% more that they can pocket if the customer isn't using amex as long as all the others will too. (They can't give a cash discount without violating the vendor terms and they shouldn't sell at a loss.)
Smaller businesses may offer you different terms verbally and other businesses will risk not having amex to have the lowest prices. But until amex is more like discover that carries brand risk instead of pure shame for the user.
Re: Costco to ditch AmEx cards at U.S. stores next year
#8It's a great mystery why AmEx doesn't seem to want to get more retailers using their card. Although their cardholder services are great, the card is accepted in so few places that I rarely try to use mine.
The only places I know that don't accept them are small mom and pop shops or hole in the wall restaurants. I switched form using my visa to Amex for all of my purchases by default but still keep my visa as a backup. Last month I made 3 purchases on my visa and ~50 on amex so I would say that is a favorable ratio.
Re: Costco to ditch AmEx cards at U.S. stores next year
#9Please change the link to http://www.reuters.com/article/2015/02/12/american-express-c..., which is direct from the source and doesn't have auto-playing video.
Re: Costco to ditch AmEx cards at U.S. stores next year
#10"Costco warehouses in the United States currently accept only American Express cards."
This is incorrect. Costco warehouses only accept American Express credit cards. Visa and MasterCard debit cards are fine.