Shop at Costco? Today Meeting Visa Spending Requirements Gets Easier. Or Earn 5X Points!

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Shop at Costco? Today Meeting Visa Spending Requirements Gets Easier. Or Earn 5X Points!

Million Mile SecretsShop at Costco? Today Meeting Visa Spending Requirements Gets Easier. Or Earn 5X Points!Million Mile Secrets Team

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It’s a good time for folks with a Costco membership!  That’s because starting today, June 20, 2016, Costco accepts Visa cards.

This is a terrific new opportunity to meet minimum spending requirements on a new Visa card!

And it’s a great deal if you have the Chase Freedom Visa, which earns 5X Chase Ultimate Rewards points (5% cash back) at wholesale clubs on up to $1,500 in combined spending each quarter in the bonus categories through December 31, 2016, when you register.

Shop At Costco Today Meeting Visa Spending Requirements Gets Easier Or Earn 5X Points
Use Your Visa Card at Costco Starting Today, June 20, 2016

I’ll remind you of the best Visa cards to make the most of your Costco spending!

Use Visa at Costco Starting Today!

Link:   Costco Sets Date for Accepting Visa

In the past, Costco has only accepted American Express cards in-store.  But they ended that relationship.  And starting today, you can use any Visa card at Costco!

That’s great news for folks who shop at Costco for everyday purchases, like groceries and household supplies.  And it’s a new easy way to help meet minimum spending requirements on all Visa cards to earn a sign-up bonus!

So say you’re trying to meet the minimum spending requirement on your new Chase Sapphire Preferred (my favorite card for Big Travel with Small Money).  You can now use it in-store or online at Costco for purchases you’d be making anyway.  That makes it easier to earn the sign-up bonus!

Earn Bonus Points on Costco Purchases

Link:   Best Cards to Use at Warehouse Clubs

You’ll now be able to earn extra miles & points at Costco with Visa cards that have wholesale clubs as a bonus category.

If you have the Chase Freedom, register it each quarter to earn 5X Chase Ultimate Rewards points on up to $1,500 in combined spending each quarter in the bonus categories through December 31, 2016!  That’s because Chase recently extended the bonus when you register, through the end of the 2016.

So, if you spend the maximum of $1,500 each quarter at wholesale clubs through the rest of the year, you’ll earn 7,500 Chase Ultimate Rewards points or $75 cash back each quarter.  That’s a total of 22,500 Chase Ultimate Rewards points ($225 cash back) in 2016 (5X points X $1,500 X 3 quarters).

Note:   Not all warehouse club purchases qualify.  The bonus doesn’t include gas, fuel, or wholesale club specialty service purchases such as travel, insurance, cell phone and home improvement.

You could also use the Chase Freedom Unlimited Visa to earn 1.5% cash back on all purchases, including warehouse clubs.  No need to remember to rotating categories or registering required!

Or consider the Bank Americard Cash Rewards Visa, which now earns 2% back at wholesale clubs including Costco, on up to $2,500 in spending each quarter.

Happy shopping!

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Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards

More Info

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Does buying a Costco Cash Card online qualify towards meeting minimum spend on your credit card?

The article states: Note: Not all warehouse club purchases qualify. The bonus doesn’t include gas, fuel, or wholesale club specialty service purchases such as travel, insurance, cell phone and home improvement.

I am wondering if Costco is better than Sam’s? I have a Sam’s membership. I understand Costco travel is a pretty good deal, but I have not needed any paid travel with the hobby.

Thank you, David.

So we can buy gas at Costco gas station with cash card to get 5x points.

Buying Costco cash cards at Costco.com does qualify for 5x with Chase Freedom. [Edited.]

does gas at Costco qualify for 5x ?

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