Aldi will finally start accepting credit cards

Aldi, a Germany-based grocery store known for its cost-cutting business practices, announced in a news release it will accept credit cards in its U.S. stores.

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There are nearly 1,500 locations in the U.S., mostly in the eastern half of the country, and until now, Aldi had only accepted cash or debit card payments.

Aldi plans to have 2,000 U.S. stores by 2018 and will open its first stores in Southern California later in March, the news release said.

The new credit card policy will not affect prices, the company stated in the release. Among the things Aldi does to keep prices low, it charges customers for shopping bags, mostly limits goods to in-house brands and focuses on stocking the most common grocery items, with the idea being that what Aldi lacks in selection it makes up for in affordability.

Customers can now use their Visa, MasterCard, Discover or American Express credit cards at the Aldi checkout, which the company says may attract more customers.

Many rewards credit cards offer extra points or cash back for grocery purchases, so those buyers can now take advantage of such perks while shopping at Aldi.