What To Know
- While you can’t use your Chase Sapphire Preferred® Card directly at Costco stores, there is a workaround that allows you to earn rewards on your in-store purchases.
- You can purchase a Costco Cash Card with your Chase Sapphire Preferred® Card and then use the Cash Card to pay for your purchases at Costco.
- However, it’s important to note that Chase Pay is not as widely accepted at Costco as the Costco Cash Card or the Costco Visa® Card.
Are you a savvy shopper who loves the convenience and value of Costco? And do you also hold the coveted Chase Sapphire Preferred® Card? If so, you may be wondering: “Can I use Chase Sapphire Preferred at Costco?” The answer is both yes and no, depending on the method of purchase. Let’s dive into the details to help you maximize your rewards and savings.
In-Store Purchases: A Slight Disappointment
Unfortunately, you cannot directly use your Chase Sapphire Preferred® Card for in-store purchases at Costco. Costco only accepts Visa credit cards, debit cards, and cash for in-store transactions. This limitation is primarily due to Costco’s long-standing partnership with Visa.
Online Purchases: A Convenient Option
However, there is good news for online shoppers! You can use your Chase Sapphire Preferred® Card to make purchases at Costco.com. This is a great way to earn valuable rewards points on your Costco purchases, especially if you’re using the Chase Sapphire Preferred® Card’s bonus categories for travel and dining.
Costco Cash Card: A Workaround for In-Store Savings
While you can’t use your Chase Sapphire Preferred® Card directly at Costco stores, there is a workaround that allows you to earn rewards on your in-store purchases. You can purchase a Costco Cash Card with your Chase Sapphire Preferred® Card and then use the Cash Card to pay for your purchases at Costco. This method allows you to earn Chase Ultimate Rewards® points while still taking advantage of Costco’s in-store discounts.
Costco Visa® Card: A Tailor-Made Option
If you’re a frequent Costco shopper and want to maximize your rewards, consider getting the Costco Visa® Card. This card is issued by Citi and offers 2% cash back on all purchases at Costco, including in-store and online. Additionally, you’ll earn 3% cash back on gas purchases at Costco gas stations, and 1% cash back on all other purchases.
Chase Pay: A Mobile Payment Alternative
Another option to use your Chase Sapphire Preferred® Card at Costco is through Chase Pay. This mobile payment service allows you to link your Chase card to your mobile device and make payments at select retailers, including Costco. However, it’s important to note that Chase Pay is not as widely accepted at Costco as the Costco Cash Card or the Costco Visa® Card.
Using Chase Points at Costco
In addition to the methods mentioned above, you can also use your Chase Ultimate Rewards® points to purchase Costco gift cards. You can redeem your points through the Chase Ultimate Rewards® portal or by calling Chase customer service. Once you have the gift cards, you can use them to make purchases at Costco stores or online.
In a nutshell: Balancing Convenience and Rewards
Whether you can use Chase Sapphire Preferred at Costco depends on your preferred shopping method. For in-store purchases, the Costco Cash Card or the Costco Visa® Card offer the best options for earning rewards. For online purchases, using your Chase Sapphire Preferred® Card directly is a convenient way to accumulate points. Ultimately, the best strategy for maximizing your rewards depends on your individual shopping habits and preferences.
FAQ
Q: Can I use my Chase Sapphire Preferred® Card to pay my Costco membership fee?
A: No, you cannot use your Chase Sapphire Preferred® Card to pay your Costco membership fee. Costco only accepts Visa credit cards, debit cards, or cash for membership fees.
Q: How many Chase Ultimate Rewards® points can I earn with the Costco Cash Card?
A: You can earn 1 Chase Ultimate Rewards® point per dollar spent on the Costco Cash Card.
Q: Is the Costco Visa® Card a good option for non-Costco purchases?
A: While the Costco Visa® Card offers excellent rewards on Costco purchases, it has limited rewards on non-Costco purchases. If you want a card that provides broader rewards, consider other Chase cards like the Chase Sapphire Preferred® Card or the Chase Freedom Unlimited®.
