does costco take visa?

SLU MD

Senior member
Aug 14, 2003
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i know that sams always used to only take discover and cash. thinking bout getting a costco membership, do they take visa?

thanks

apparently they dont, do they take personal checks / debit cards?
 

Yossarian

Lifer
Dec 26, 2000
18,010
1
81
Originally posted by: SLU MD
thanks for the quick replies

/ end thread

Not so fast. ATOT policy requires at least 10 people to confirm.

No you can't use Visa there.
 

oogabooga

Diamond Member
Jan 14, 2003
7,806
3
81
Originally posted by: Yossarian
Originally posted by: SLU MD
thanks for the quick replies

/ end thread

Not so fast. ATOT policy requires at least 10 people to confirm.

No you can't use Visa there.

i second this.. you can't use visa.
 

Yossarian

Lifer
Dec 26, 2000
18,010
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Originally posted by: Heisenberg
Why does a large retailer like Costco not take Visa?

because they have low profit margins and don't want to take the credit card processing fee hit.
 

dullard

Elite Member
May 21, 2001
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Since we need to have many of the same answers:
Originally posted by: Yossarian
because they have low profit margins and don't want to take the credit card processing fee hit.
Ditto. Take all the revenue Cosco has, and multiply it by ~3%. Would you give that profit up if you were Cosco?
 

oogabooga

Diamond Member
Jan 14, 2003
7,806
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Originally posted by: dullard
Since we need to have many of the same answers:
Originally posted by: Yossarian
because they have low profit margins and don't want to take the credit card processing fee hit.
Ditto. Take all the revenue Cosco has, and multiply it by ~3%. Would you give that profit up if you were Cosco?

plus they have some sweet stuff set up with american express. If you're an amex member at costco all sorts of crap you can get setup for you i believe. American Express' financial group ameriprise (Which recently split from them or something) even offers financial services at discounted rates to costco members.

Basically you dance with the one that brought you i guess

btw you can't use visa.
but i believe you can buy 'bulk' 10lb incriments of meat there.
 

Hav0k99

Platinum Member
May 10, 2002
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Originally posted by: Heisenberg
Why does a large retailer like Costco not take Visa?

Ties with Amex I believe. Look at the travel stuff it's all tied into Amex
 

mercanucaribe

Banned
Oct 20, 2004
9,763
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Originally posted by: dullard
Since we need to have many of the same answers:
Originally posted by: Yossarian
because they have low profit margins and don't want to take the credit card processing fee hit.
Ditto. Take all the revenue Cosco has, and multiply it by ~3%. Would you give that profit up if you were Cosco?

Stores pay Visa 3%??? WTF??
 

dullard

Elite Member
May 21, 2001
25,653
4,168
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Originally posted by: mercanucaribe
Stores pay Visa 3%??? WTF??
Its in the 2-4% range + a per transaction fee. That is the way CC companies make all their money. The interest they charge actually only barely pays for the cost for the CC company to cover the loans.

 

Staples

Diamond Member
Oct 28, 2001
4,953
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106
Originally posted by: mercanucaribe
Originally posted by: dullard
Since we need to have many of the same answers:
Originally posted by: Yossarian
because they have low profit margins and don't want to take the credit card processing fee hit.
Ditto. Take all the revenue Cosco has, and multiply it by ~3%. Would you give that profit up if you were Cosco?

Stores pay Visa 3%??? WTF??

Credit card companies have the same business model as Paypal. They never make a cent off me or a ton of other people paying interest or late fees however they do make money off my transactions.
 

Vinfinite

Golden Member
Aug 25, 2005
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Originally posted by: Maximus96
Originally posted by: RossMAN
No! <--- are we at 10 yet to make this official?

Amex CostCo TrueEarings FTW!

and with this card, you no longer need to carry your costco membership card...exec + true earning = 3% back at costco!

does the Amex and Executive cards give the same % cash back? If not I might as well apply for the Amex one.
 

bsobel

Moderator Emeritus<br>Elite Member
Dec 9, 2001
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Originally posted by: RossMAN
No! <--- are we at 10 yet to make this official?
Amex CostCo TrueEarings FTW!

And, of course, YOUR ALL WRONG ;)

US Costco stores only take Amex or checks. However, Mexican Costco stores (Tijuana, Ensenada) do not take American express and will take Visa or Discover.

So there! :)
 

RossMAN

Grand Nagus
Feb 24, 2000
78,855
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Originally posted by: bsobel
Originally posted by: RossMAN
No! <--- are we at 10 yet to make this official?
Amex CostCo TrueEarings FTW!

And, of course, YOUR ALL WRONG ;)

US Costco stores only take Amex or checks. However, Mexican Costco stores (Tijuana, Ensenada) do not take American express and will take Visa or Discover.

So there! :)

Just a wild guess, the OP was referring to American CostCo's and not the rest of the world :)