Is Costco getting rid of MasterCard?

Beginning on March 4, 2022, your current Costco Mastercard will be replaced by the new CIBC Costco Mastercard, which offers new Mobile Device Insurance 1 for your upcoming mobile phone purchase, flexible installment payment options, and more.

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When did Costco stop taking Mastercard?

On June 20, 2016, the Costco credit card changed. More specifically, that was the day that Costco switched from using American Express to Visa, as had been announced in February 2015.

Will Costco accept Mastercard?

Due to a contract with Visa, customers cannot use American Express, Mastercard, or Discover credit cards to make purchases at Costco warehouses. However, Mastercard and Discover cards can be used to make purchases on Costco.com and the Costco app.
Why cant Costco use Mastercard?
Costco only accepts cards on the Visa network for their warehouse locations, so you cant use your Mastercard credit card there. However, you can use your Mastercard credit card for purchases made on Costco.com and through the Costco app.

The only credit cards accepted at Costco gas stations and warehouses are Visa credit cards, cash, debit cards, and Costco Shop Cards (gift cards).Mastercard, American Express, and Discover cards are not accepted.
Can you use Mastercard at Costco Canada?
Yes, Mastercard is the only type of card accepted at Costco warehouses and gas stations. If youre wondering what credit cards are accepted at Costco warehouses in Canada, there are only Mastercard cards accepted.
Does Arco take MasterCard?
The majority of major gas station chains accept credit cards, including those from Visa, Mastercard, American Express, and Discover. One notable exception is ARCO, which only accepts debit cards and cash as payment methods for gas.
What credit card does Costco take in Canada?
Here are Costcos accepted payment methods. Costco only accepts Mastercard as a credit card network in Canada.
Whats the difference of Visa and Mastercard?
Any other differences between cards ultimately come down to the specific card you have. The only real distinction between Visa and Mastercard is that your card works on the payment network that the company operates. A Visa card wont work on Mastercards network, and vice versa.

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