Originally Posted by
Fanjet
Is COSTCO severing its co-branded CC with AMEX, but continuing with AMEX as the only form of CC payment allowed at checkout? What would be the point? Especially since AMEX charges merchants a higher percentage for transactions compared with Visa and MasterCard.
I was at Costco near Vancouver this past weekend and the cashier was saying that at the end of 2016, Costco will no longer accept AMEX but have an exclusive deal with Mastercard -- as they do in Canada.
This might just be gossip from a Costco cashier, but that's what they were told.