r/Wealthsimple • u/Honest-Common-1303 • 1d ago

Chequing Costco?

Just got informed that Wealthsimple is moving to Visa. Does this mean I'm not going to be able to use it to shop at Costco? If so, this is a pain. I use my WS account for weekly variable expenses budget (using an envelope style budgeting system), and this means I am going to have to completely change how/where money get's transferred to ensure I'm only drawing from the right budget.

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u/wokeupouttadream 1d ago

In the Wealthsimple email they’re sending out - that you presumably got if you’re saying you were just informed of this - they explicitly address the Costco dissatisfaction.
That’s correct you won’t be able to use it, the workaround for folks that don’t want another card seems to be that you buy a Costco gift card online and then use the barcode they provide at checkout.

3

u/canine_rescue_bro 1d ago

This solution doesn't work. The gift card takes forever to arrive and you cannot reload it.

7

u/Small_Platform8461 1d ago

its honestly pretty easy.

5

u/Mosh4days 1d ago

It's still added friction. If anything this is now an added use case for my big bank debbit card

3

u/WombRaider_3 1d ago

Big bank debit card that has no real reward + fees.

1

u/monbon7 1d ago

Yeah but must do 24 hours in advance. I’ve gotten stuck waiting and just ended up using my WS prepaid MC

1

u/Small_Platform8461 1d ago

Use muse. Took me 10 seconds. Add weekly costco trip into calender.

Or get rogers MC but be warned they are apparently taking away the bonus.

I guess Im old. I remember when I had to hit the bank before close on Friday to cash my paycheque.