Costco is going to stop accepting American Express card after December 31. Instead they will be offering a Capital One card and start accepting Mastercard. This is great news to me. Because I have the Smart Cash card and the Capital One Aspire travel card which both give me better rewards from my Amex card.
Costco & Capital One Mastercard
A couple of weeks ago I saw an advertisement for an American Express card offering 1.25% cash return, which is not bad. Especially since I shop at Costco and it only takes American Express and the True Earnings card I have with Costco is not as good for rewards. In my research for this card, I read that Coscto has stopped advertising the True Earnings card. Seems like everyone thought something is up, confirmed by today's news.
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