How to liquidate a credit card
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How Costco returns work with Mastercard:
• Costco accepts Mastercard for purchases.
• Costco does NOT process refunds back to Mastercard.
• When you return an item bought with a Mastercard, Costco issues the refund to:
• Cash, or
• A Visa debit card, or
• Costco shop card, depending on store policy and manager mood.
So in practice:
• You buy something with a Mastercard credit card.
• You return the item.
• Costco asks how you want the refund.
• You give them a Visa debit card.
• The refund goes to your bank account, not back to the credit card.
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Jeremy Lucas
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How to liquidate a credit card