Costco's troubled switch from American Express to Visa has left untold thousands of consumers adrift, as they find themselves without a usable credit card for their shopping trips to Costco.
Sensing opportunity, rival warehouse Sam's Club says it will accept Costco membership cards as a free Sam's Club Card through July 4th. And it notes in a Facebook posting that it accepts all major credit cards.
The Sam's Club Card, issued by Mastercard, is Sam's version of Costco's Anywhere Visa. Costco once issued a Costco-branded American Express card but switched earlier this month to a Visa card.
Costco members who had a Costco American Express card were supposed to get a Visa Anywhere card but many did not, for reasons that in many cases are unclear. Also, Costco members who had been using their own American Express cards were left to fend for themselves.
Many Costco members left behind in the switch say they will now see Costco only in their rear-view mirror.
"As far as I am concerned, if Amex is not good enough for Costco then Costco is not good enough for me. Bye Bye Costco, it's off to Walmart we go....." said Charles Horn in a comment on a recent ConsumerAffairs story.
Sam's Club memberships go for $45 for individuals and businesses. A $100 "Plus" membership includes cash back benefits and other extras.