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.
Guest
- Marilyn Geewax, senior business editor for NPR. She tweets @geewaxnpr.
Copyright 2021 NPR. To see more, visit https://www.npr.org.