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Costco Anywhere Visa® Card by Citi: Get Big Rewards at Costco
Discover How You Can Save on Gas, Travel, and More with This Credit Card
The Costco Anywhere Visa® Card by Citi is a great choice for Costco members looking to earn maximum cash back on purchases in a variety of categories. This card gives you high cash-back rewards on just about everything from gas to dining and travel, making it one of the most versatile cards we know of in the U.S. If you’re already a member of Costco, this card saves you even more and gives you extra perks on spending outside of the store.
Cardholders get 4% cash back on eligible gas transactions, 3% on restaurant and travel purchases, 2% at Costco and Costco..com, and 1% on other purchases. Each year, the rewards received are in the form of a certificate that can be traded in for either merchandise or cash at Costco locations. For everyday purchases and bigger, regular buys at Costco, this is a potent combo, which is why the Costco Anywhere Visa® Card is so appealing.
The card comes with no annual fee, but you need to have a Costco membership to apply. You can also receive great travel benefits from this card, though, including no foreign transaction fees, making it easily accepted wherever Visa is. It is perfect for consumers who like to maximize their rewards program while enjoying the convenience and flexibility of a Visa credit card.
What You Need to Know Before You Apply for the Chase Sapphire Preferred
Save Money on Gas Purchases with Cash Back
The Costco Anywhere Visa® Card earns 4% in cash back on qualifying gas purchases, up to $7,000 per year. That’s great for anyone who drives often because you’ll build up a lot of rewards on gas purchases. Whether it be commuting to work or taking a trip, this card makes sure you save every time you fill up, which can amount to a lot over time.
Rewards: 3 points per dollar on dining and travel●
For those who spend a lot of time in restaurants or traveling, the Costco Anywhere Visa® Card also offers 3% cash back on those purchase categories. If you’re going out to eat for a night on the town or reserving a plane ticket for a holiday, you can use these points to offset more by using this card to pay for those expenses. That makes it a great all-around card for foodies and travel enthusiasts alike.
Great Rewards at Costco
The cardholders earn 2% cash back on purchases at Costco and Costco. com. This perk is a no-brainer for Costco members who frequently visit the warehouse stores to purchase bulk items, groceries, electronics and other items. The 2% back accumulates quickly on major purchases, so you can really stretch your savings on every visit to Costco.
No Annual Fee
The Costco Anywhere Visa® Card has no annual fee, unlike credit cards that charge this cost. So long as you continue being a Costco member, you can earn/benefit from all of those rewards and perks with this card without concern of needing to pay to keep it in your wallet. This makes it even more attractive for people looking to save without any last-minute fees.
Pros & Cons of the Costco Anywhere Visa® Card by Citi
Things to Consider Before Getting This Credit Card
Requires Costco Membership
Costco Anywhere Visa® Card To qualify for this card you’ll need to be a Costco member already. Although this membership is relatively inexpensive, it might not be the best choice for those who only shop Costco occasionally. If you don’t visit Costco often, the card may not justify paying for a membership, particularly because some of the card’s best perks are linked to shopping at Costco.
Rewards are Received Annually
The only downside to the Costco Anywhere Visa® Card is that its cash back rewards are given out once a year in the form of a certificate that can be redeemed for merchandise or cash at Costco locations. This structure of annual payouts may not be as friendly as other cards that payout monthly or quarterly, especially if you want to receive your cash back more frequently. But it’s still a decent sum of cash to anticipate annually.
Costco Anywhere Visa® Card by Citi: How to Apply
Small Negatives That Don’t Balance Out the Positives
Annual Fee of $95: Lower than many premium cards, there are travelers who may want a no-annual-fee card if they don’t travel enough to earn enough rewards to make the annual fee worth it.
No Lounge Access: Similar with many industry-leading travel cards, the Chase Sapphire Preferred doesn’t provide free airport lounge access, which is a downside for luxury travelers.
Pros & Cons of the Costco Anywhere Visa® Card by Citi
Things to Consider Before Getting This Credit Card
Requires Costco Membership
Costco Anywhere Visa® Card To qualify for this card you’ll need to be a Costco member already. Although this membership is relatively inexpensive, it might not be the best choice for those who only shop Costco occasionally. If you don’t visit Costco often, the card may not justify paying for a membership, particularly because some of the card’s best perks are linked to shopping at Costco.
Rewards are Received Annually
The only downside to the Costco Anywhere Visa® Card is that its cash back rewards are given out once a year in the form of a certificate that can be redeemed for merchandise or cash at Costco locations. This structure of annual payouts may not be as friendly as other cards that payout monthly or quarterly, especially if you want to receive your cash back more frequently. But it’s still a decent sum of cash to anticipate annually.
Costco Anywhere Visa® Card by Citi: How to Apply
You should follow a few key steps to ensure you meet all the relevant criteria before applying for the Costco Anywhere Visa® Card by Citi, the process itself is straightforward. As this card is only offered to Costco members, ensure that you have an active Costco membership first. If you don’t have one, you can join at your local Costco or online. Once you’re a member, you can apply for the credit card on the Citi website or in person at your local Costco store.
You’ll have to provide personal information, like your address, income and Social Security number, in the application process. Once approved, you can begin using your card right away to buy things, and your rewards will start to accrue. Note that the card pays out annual rewards at the end of the year.
Make sure you have an up and running Costco membership.
To apply for the card, head to the Citi website or your nearest Costco.
Complete information about you and your finances (address, income, SSN, feed, etc.).
Step 2: Wait for approval, which can take several minutes to several weeks.
Get approved, get started, and begin earning your rewards instantly.
The Costco Anywhere Visa® Card by Citi is well suited for Costco members who want to earn the most back in multiple categories. The card provides 4% cash back on gas, 3% on dining and travel, and 2% on purchases at Costco, making it another competitive rewards card that can have a huge impact on your budget. If you do the majority of your grocery shopping at Costco, the 2% cash back you’ll earn on all your Costco purchases may add up pretty quickly — especially if you are a frequent warehouse store shopper, this card is a great fit!
This card also does not charge an annual fee which makes it all the more enticing compared to other credit cards that come with yearly fees simply to obtain benefits. There are no hidden charges, fees or taxes, making it an attractive proposition for users who want to earn rewards while saving. In addition, the card offers travel perks like no foreign transaction fees, making it an ideal choice for frequent travelers.
There are some minor downgrades, including needing a Costco membership to apply for the card and having to wait until the end of the year to receive the rewards you earn, but none of this separates from the overall value of this card. Whether you want to earn a lot of rewards, save money on gas or in travel and dining, the Costco Anywhere Visa® Card could be the right card for you.
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