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Costco Will Divorce Amex For Visa In 2016
ResumeAfter 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
- Marilyn Geewax, senior business editor for NPR. She tweets @geewaxnpr.
This segment aired on March 5, 2015.