5 Reasons Costco Stock is Overvalued

Reason #5 – Costco treats its customers like dirt

Adding insult to injury, Costco only accepts American Express. The credit card designed for the rich is the only card to be accepted at a discount
retailer? The world is truly upside down.

I get the idea of wanting to expand your business, and I’m sure the deal is a sweet one for Costco, but it makes no sense. In most cases,
the average, middle-class consumer stands to benefit the most from the discounts offered at Costco, but American Express is the credit card for the
wealthy. To not accept other credit cards is an insult. No wonder growth has stagnated.

There is a ton of animosity regarding this policy. Is it really worth the anger to only accept American Express? Absolutely not, and the continuation
of the policy says a lot about how Costco feels about the majority of the population. A company that doesn’t make the customer a priority should
be avoided.