Costco American Express card

INT1

Anyone got one?

Deluded as to why they would offer an AMEX card when Costco only accept Cash or Debit card for payments!

Also there is a £20 per year fee.

Ok cash back rates though.

OllyM

As of about a month ago, Costco do now accept Amex in the UK (but not Visa or MasterCard credit cards).

Dabooka

Is that charge cards only or Amex credit cards too?

OllyM

Dabooka wrote: »

Is that charge cards only or Amex credit cards too?

Any Amex card.

Dabooka

Scorchio, cheers!

lfc84

brilliant news

i can use my bmi amex. i wont get the costco amex though

lionelator

Cant quite figure out the point of the Costco card.
Pushed as 1% on all purchases, 2% on most restaurants and 3% on most travel arrangements.
Brilliantly, you apparently have to get the card to find out what qualifies as most restaurants.

Far safer going for the 25 pound a year platinum card, as Ive just done, which gives 1.25% cashback on all purchases including Costco, and 2.5% on everything one month a year, your card anniversary month.
Also 2.5% for the first 3 months you have it upto a max spend of 4000 quid I think.

dazza.mk

lionelator wrote: »

Cant quite figure out the point of the Costco card.
Pushed as 1% on all purchases, 2% on most restaurants and 3% on most travel arrangements.
Brilliantly, you apparently have to get the card to find out what qualifies as most restaurants.

I think the 'most' is just to cover their backs if there is a screw up because a restaurant/travel merchant account has been set up incorrectly

(ie the withdrawn MBNA Amex Cashback card that gave 1.5% at Supermarkets, you didn't get 1.5% at Asda Online grocery shopping due to an error on the merchant account used by Asda)

catflea

Just be aware that the 1% cashback tier is capped at £300 earnings, the other tiers are not capped at all...

OllyM

lionelator wrote: »

Far safer going for the 25 pound a year platinum card, as Ive just done, which gives 1.25% cashback on all purchases including Costco, and 2.5% on everything one month a year, your card anniversary month.
Also 2.5% for the first 3 months you have it upto a max spend of 4000 quid I think.

Actually you only get 0.625% cashback at Costco with the Platinum Cashback card - it's classed as a "warehouse retailer" (I guess because they have massively cut their merchant fee for them). Read your terms and conditions

payless

pin came yesterday, so guess my Costco card is on its way