Discount supermarket Aldi just jumped into the new millennium, announcing it will now accept credit cards.
Previously, only cash and debit were accepted at the nation’s 1,500 locations.
“We care about being able to make our customers’ shopping experiences simpler and better every time they come to see us,” CEO Jason Hart said in a press release. “And offering them the convenience of using their credit cards will help us do just that.”
The company tested accepting credit cards in about 50 stores before deciding to roll it out for the entire country to enjoy.
Convenience Won’t Mean Higher Prices at Aldi
Aldi’s reason for shunning credit cards was simple: It went a long way in keeping costs down.
“Credit card processing fees are expensive,” the grocer’s website once explained. “By only accepting cash, debit and EBT cards, it helps keep our prices low.”
The store isn’t shy about hoarding pennies in order to keep prices in check.
You need a quarter to unlock a shopping cart; you either need to bring your own bags or buy them from the store; and locations aren’t open early or late like other stores to cut labor costs.
But times, they are-a-changin’: This week’s press release promises the increased convenience won’t cause prices to rise.
The store will even accept American Express, long known as the most expensive credit card to process.
And California savers have double the reasons to cheer — the chain is opening several stores this year.
How Buying Groceries With Credit Could Help You Save
It might give you the willies to think about charging your grocery bill. Who wants to get billed interest on something they already ate?
But if you pay your credit card bill in full each month, Aldi’s move could be a boon for you.
Putting your weekly groceries on a credit card that earns points or miles could help boost you into new levels of savings, depending on how many hungry people you’re buying for.
Your Turn: Will Aldi’s move change your shopping habits? Have you ever avoided a business because it didn’t take credit?
Lisa Rowan is a writer, editor and podcaster living in Washington, D.C.