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TORONTO â October 1st, 2014 â MasterCard Canada has entered into an agreement with Costco Wholesale Canada to open credit card acceptance to MasterCard cardholders. This means Costco members now have the ability to use any MasterCard credit card at checkout â at gas pumps and in-store across its 88 warehouses in Canada.he new cobrand Capital One Platinum MasterCard card is a no-annual-fee credit card, which also doubles as a Costco membership card, that lets Costco members earn cash rewards of up to 1, 2, or 3% on purchases made inside and outside of Costco.
Please enable Javascript to watch this video. Costco has reached an agreement with Citi for a new co-branded credit card program, shortly after dropping its similar deal with American Express. Costco says it will start accepting Visa rather than American Express at its U.S. stores on April 1, 2016.Currently, the wholesale club retailer has accepted only debit cards and Amex for purchases in its stores or at its gas stations, although it also accepts Visa and MasterCard for online purchases.ost retailers who accept Visa also accept MasterCard, but Costco will be an exception to that rule. The only credit cards it will accept for store and gas station purchases will be Visa. Details about the new card's benefits and terms will be made available to members soon.