Big news from the retail world as Costco splits from Amex in favour of MasterCard
News, Tips & Tricks
If you follow forums like Red Flag Deals or have spoken with me in the
last couple of weeks you’ll have known that the relationship between Costco and American Express
here in Canada was ending. The news was officially released yesterday
that as of December 31st the marriage between the two is over. As of
January 1st, 2015 Costco will work with Capital One Financial and start
accepting MasterCard. Good news is it doesn’t have to be a Cap One card
but any MasterCard (hello to using my Diners Club card and not my
Platinum Card from Amex). Capital One will come out with co-branded
Costco Platinum MasterCard that will also serve as your Costco
membership card should you choose to get the card. No details yet of
what the card will offer but many of Capital One’s cards are quite
strong in both the rewards and benefits category so we can assume it
won’t be below average. For me it is kind of sad to see this partnership end as I got my very first Amex strictly for Costco as I cringed each time I shopped there, used debit and thought about all the rewards points I was missing out on. It won’t stop me from using Amex however as since that time the Gold Rewards Card and The Platinum Card have become mainstays in my wallet and will enjoy continued use elsewhere!
In the bonus offers section there is a new promotion from Starwood Preferred Guest for
bonus Starpoints when you stay in a Sheraton Club room. What’s the
catch? You have to pay for it with an American Express. These type of
offers are very common and are why I always tell anybody I speak as to
the importance of carrying a Visa, a MasterCard and an American Express
card. Even if you only use one of them as your primary card, shove the
other two in the drawer (they can be no-fee versions of course) and only
pull them out when an offer like this comes along.
Bonus Offers
Le Club accorhotels
– Earn up to 1,000 Bonus Le Club Accorhotels Points for stays at the Pullman Timi Ama Sardinia. More… Book by Oct 5 for stays until Oct 19, 14
– Earn up 2,000 Bonus Le Club Accorhotels Points for stays at Accor Hotels in Austria, Germany and Switzerland. More… Until Dec 2, 14
Qatar Airways Privilege Club
– Double QMiles for stays at any participating Anantara Hotels in Asia Pacific and the Middle East. More… Book by
Sep for stays until Oct 30, 14
–
Triple QMiles for stays at any participating Kempinski Hotel worldwide. More… Until Oct 31, 14
– Double QMiles for stays at Lungarno Collection hotels in Florence. More… Book by Nov 30 for stays until Dec 31, 14
– Double QMiles for stays at the Raffles Istanbul. More… Until Oct 31, 14
Starwood Preferred Guest
– Earn up to 3,000 Bonus Starpoints when you book a Sheraton Club Room
and pay with an American Express Card at participating Sheraton Hotels
& Resorts Worldwide. More… Until Nov 30, 14
– Elite Status Credit and up to 15,000 Bonus Starpoints for stays at
Starwood Hotels in China. Stay at six of the Starwood brands and earn
Five eligible nights towards upgraded status. Stay at each of their
eight brands and you’ll also earn: 15,000 bonus Starpoints and A
surprise gift. More… Valid for residents of Mainland China, Hong Kong, Macau and Taiwan only. Until Nov 30, 14
Stash Hotel Rewards
– Triple Rewards Points for stays of 2+ nights at The Cliff House at Pikes Peak Manitou Springs. More… Until Oct 31, 14
– Triple Stash Rewards Points for stays of 2+ nights at the Magnolia Hotel Omaha. More… Until Mar 31, 15
–
Triple Stash Rewards Points for stays at the Magnolia Hotel Dallas. More… Until Jan 15, 15
–
Triple Stash Rewards Points for stays of 2+ nights at the Magnolia Hotel Houston More… Until Mar 31, 15
–
Triple Stash Rewards Points for stays at the Sun Mountain Lodge Winthrop. More… Until Oct 26, 14
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