Costco Will Divorce Amex For Visa In 2016
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.
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