By Solarina Ho
TORONTO (Reuters) – Costco Wholesale Corp, which will stop accepting American Express Co cards in Canada alpha in the new year, will be partnering with Capital One Financial Corp, the acclaim agenda issuer said on Thursday.
Members can assurance up for a co-branded Platinum MasterCard, Capital One said in a statement, abacus that MasterCard Canada has additionally entered into an acceding with Costco Canada to accessible acclaim agenda accepting to MasterCard cardholders.
Costco, which sells aggregate from adornment to beginning aftermath at its alveolate members-only stores, notified barter on Wednesday that it would not be renewing its accord with American Express already it asleep on Dec 31.
Bloomberg appear the account earlier.
Warehouses and gas stations amid in the United States will abide to acquire American Express cards in the new year, according to the letter to customers, except for the TrueEarnings and American Express Platinum Cash Rebate cards issued in Canada.
Costco operates 88 food in Canada, according to the aggregation website. It has 468 warehouses in the United States and Puerto Rico, and dozens added internationally. Costco ally with Visa in Taiwan.
(Reporting by Solarina Ho; Editing by Bernard Orr)
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