American Express has announced that starting on October 1 the more than 650 Sam’s Club locations in the U.S. will begin accepting AmEx cards for payment.
The announcement comes a few months after AmEx and Sam’s Club competitor, Costco, announced that they’re breaking up, effective March 31, 2016, after a 16-year partnership. That means AmEx, including the Costco co-branded cards, won’t work at Costco warehouse stores starting April 1 of next year.
Now, seven months after announcing the Costco breakup, the credit card giant reveals that it is entering into a partnership with Costco rival Sam’s Club, allowing shoppers at that warehouse store to use AmEx cards at the register for the first time.
There are more than 650 Sam’s Club locations in the U.S. that will begin accepting AmEx cards Oct. 1. Sam’s Club is the eighth largest U.S. retailer
Unlike the soon-to-end 16-year-long Costco/AmEx arrangement, the credit card company’s foray into the aisles of Sam’s Club is not exclusive.
Sam’s Club stores currently accept cards processed by MasterCard and Discover Financial Services. However, its website already allows the use of AmEx and Visa as well.
“We are constantly looking for ways to expand the places where our Card Members can shop and bring more convenience and value to their everyday lives,” Anré Williams, President, Global Merchant Services at American Express, said in a statement. “We are delighted to work with Sam’s Club, a retailer that shares our keen customer focus.”
Earlier this year, American Express and Costco said they could not reach an agreement that would have continued their partnership beyond March of next year, ending their current co-brand and merchant acceptance agreement. The announcement came less than six months after Costco’s Canadian division made a similar move, dropping its AmEx partnership in favor of one with MasterCard and Capital One.