Headlines

Walgreens Will Leave Home Without It

Will no longer accept American Express cards in 2005

Published

20 years ago

December 16, 2004

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Walgreens (Deerfield, Ill.), the country’s ninth-largest retailer, has announced that it will stop accepting American Express cards nationwide as of Jan. 14, 2005.

The nation’s largest drugstore retailer said it made the decision because of higher service fees on each American Express transaction compared to Visa, MasterCard and Discover. Although American Express hasn’t raised its rates since Walgreens began accepting the card chainwide in 1996, the retailer said it is not seeing significantly larger purchases from American Express cardholders that might offset the high fees. The decision affects 4681 Walgreens drugstores nationwide, along with the retailer’s Internet and catalog businesses.

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