Costco in credit card first with Amex deal

Costco has teamed up with American Express to launch a co-branded credit card – Costco TrueEarnings American Express Credit Card.

The card will be the first and only credit card to be accepted in Costco’s 22 UK depots and will offer cashback rewards to members. Costco and Amex have a similar agreement in North America and Japan.

“We can now provide Costco members with the opportunity to use credit or charge cards for the first time, giving them additional financial flexibility that they don’t currently get,” said Costco MD Steve Pappas. “We have listened to our customers and recognise how important this added flexibility is in today’s current economic climate.” Added Amex VP and GM for merchant services Mark Roper: “Our new partnership will deliver significant new volume on the network and drive substantial sales at Costco.”