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TORONTO, Oct. 1, 2014 /CNW/ - 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 – at gas pumps and in-store across its 88 warehouses in Canada.
"We are excited that as of today our cardholders will be able to use any MasterCard credit card at the checkout counter. This is a win-win for our cardholders who benefit from our unsurpassed acceptance footprint and for Costco to drive even more value, new benefits and increased savings for their members," said Betty K. DeVita, President, MasterCard Canada.
In addition, Capital One will roll out a new cobranded MasterCard credit card further increasing the value of electronic payments for consumers. The 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.
There's no limit to the amount cash back cardholders can earn at the regular cash back rates, and as an added extra bonus, cardholders can earn double cash back for their first three months. Rewards can be earned virtually anywhere MasterCard is accepted and redeemed at Costco for quality, brand-name merchandise or for cash.
MasterCard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world's fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard's products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardCAnws, join the discussion on the Cashless Pioneers Blog and subscribe for the latest news on the Engagement Bureau.
SOURCE: MasterCard Canada
For further information: Serda Evren, Vice President, Communications & Philanthropy, MasterCard Canada, 416-365-6671, [email protected]