Millions of Americans trust Costco. For decades, the warehouse giant has built its reputation on quality, reliability, and standing behind what it sells. Now, that trust is being tested – and Costco’s latest move proves why members keep coming back year after year.
If you bought restaurant gift cards at Costco between October 2025 and January 2026, it’s time to pay attention. Those little plastic cards might not be as safe as you think.
The Company Behind the Cards Just Vanished
Synergy World, a California-based company that issued multi-restaurant gift cards sold nationwide at Costco, quietly filed for Chapter 7 bankruptcy on January 31, 2026. They aren’t reorganizing or negotiating with creditors – they’re gone for good. The company’s collapse leaves cardholders holding worthless plastic.
These gift cards had been marketed as a money-saving tool, good at over 100 participating restaurants across states like California, Florida, New York, New Jersey, Colorado, Texas, and Virginia. Families bought them as Christmas gifts, completely unaware the company was days away from vanishing.
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