Skip to main content
Sunday, November 15, 2026Nov 15

What to expect from Costco’s new deal with Visa and Citi

FILE - In this Nov. 12, 2014 file photo, Linda Bultema leaves the Costco store in Kalamazoo, Mich. Costco on Monday, March 2, 2015 said it struck a deal for Citi to be the exclusive issuer of its co-branded credit cards, with Visa replacing American Express as the card network. (AP Photo/Kalamazoo Gazette - MLive Media Group, Mark Bugnaski, File) ALL LOCAL TELEVISION OUT; LOCAL TELEVISION INTERNET OUT
FILE - In this Nov. 12, 2014 file photo, Linda Bultema leaves the Costco store in Kalamazoo, Mich. Costco on Monday, March 2, 2015 said it struck a deal for Citi to be the exclusive issuer of its co-branded credit cards, with Visa replacing American Express as the card network. (AP Photo/Kalamazoo Gazette - MLive Media Group, Mark Bugnaski, File) ALL LOCAL TELEVISION OUT; LOCAL TELEVISION INTERNET OUT

NEW YORK (AP) – If you’re shopping at Costco, you’ll need a new credit card to pay for those family-sized packs of chicken breasts or toilet paper.

After only accepting American Express the last 16 years, the retailer is switching to Visa and will use Citigroup as its exclusive provider of co-branded credit cards.

Costco is a large and influential chain. It is the world’s second-largest retailer by revenue, and has 671 locations around the world, including 474 in the U.S. and Puerto Rico. For an annual fee of $55 to $110, shoppers get access to groceries in bulk sizes, as well as appliances, jewelry, home goods and other products.

The switch from AmEx to Visa could mean changes for some of those customers. Here are the things you need to know:

WHAT WILL CHANGE?