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Costco Will Divorce Amex For Visa In 2016

A customer packs groceries into his car outside of a Costco store on March 6, 2014 in Richmond, California. (Justin Sullivan/Getty Images)
A customer packs groceries into his car outside of a Costco store on March 6, 2014 in Richmond, California. (Justin Sullivan/Getty Images)

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

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