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Costco Is Offering Refunds for some Restaurant Gift Cards. Here's Why
Costco offers refunds for Synergy restaurant gift cards sold between Oct. 27, 2025, and Jan. 26, 2026, after issuer Synergy World filed Chapter 7 bankruptcy and ceased operations.
- On Feb 18, 2026, Costco said it is recalling and offering refunds for select Synergy restaurant gift cards purchased between Oct. 27, 2025 and Jan. 26, 2026, after Synergy ceased operations.
- After announcing a shutdown on Jan. 31, Synergy Gift Card Network ceased operations and filed for Chapter 7 bankruptcy in late January, ending its gift card program.
- The cards were third-party products sold at Costco but issued and managed by Synergy, with unclear affected merchants and Domino's cards not impacted, according to Costco.
- Consumers were left holding unusable balances after Synergy's halted redemptions, and the total amount tied up will remain unknown until bankruptcy filings become public.
- Experts advise registering gift cards, keeping receipts and using credit cards, while Matt Schulz, LendingTree's chief consumer finance analyst, said `One of the biggest lessons that people should learn from this is that gift cards should be used sooner rather than later.
18 Articles
18 Articles
Costco issues recall for certain gift cards
Warehouse club Costco is issuing a recall for certain gift cards sold at its locations nationwide.The retailer said in a letter to members that customers who purchased Synergy restaurant gift cards between Oct. 27, 2025, and Jan. 26, 2026, are eligible for a refund for the remaining card balance.The recall comes after Synergy World, a gift and loyalty card company, abruptly shut down last month after filing for Chapter 7 bankruptcy protection. A…
Costco Recalls Select Gift Cards, Here's Which Ones Are Affected
Synergy Restaurant Gift Cards sold at Costco stores cannot be redeemed after the company's closureCostco Kevin Carter/GettyNEED TO KNOWSynergy Restaurant Gift Cards sold at Costco stores are now unusable after the company's closureCostco is offering card-holders the opportunity to get a refund for their remaining card balancePrior to the company's closure, the multi-restaurant card program meant one gift card could be redeemed at several include…
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