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Great news, Costco shoppers! Costco announced that they will be switching their credit card program to Citi and their new co-brand incentive agreement to Visa.

What does this mean for you? 

Beginning April 1, 2016 (yes, that’s 2016, next year) Costco will be accepting Visa cards in the United States and Puerto Rico. At this time, the only credit card accepted at Costco is American Express. Costco currently does accept Visa debit, but not Visa credit cards.

The new program for Visa and Costco will be accepted at all 474 Costco stores located in the United States and Puerto Rico. Early reports tell us that this new agreement will provide generous rewards for Costco members.

Costco will notify their current members about these changes and updates.