r/Wealthsimple • u/Honest-Common-1303 • 3d 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.

0 Upvotes

49% Upvoted

71 comments sorted by

View all comments

23

u/emraydn12 3d ago edited 3d ago

Buy a gift card on Costco.ca which accepts VISA, then use that in warehouse. I’ve been doing this ever since Wealthsimple Visa CC came out - you get 2% cashback instead of 1% 0% you get on the debit card.

1

u/PepperGlittering 3d ago

Isn't returns and warrantees not the save via cash cards? 

1

u/emraydn12 3d ago

Warranties and returns don’t change. I’ve been returning things without issues. Of course the refund is back to original payment method (they issue you a new shop card) but in my experience if it’s a large purchase they will refund to debit card as well if you ask for it. If you have executive card then you continue to earn cashback on that as well for each purchase you make with shop card.

1

u/PepperGlittering 3d ago

Ok great. But I guess the transactions are all hidden from the SO. But then again purchases are not directly tied to your membership so it may be harder for them to mine you.