Costco Anywhere Visa Card by Citi Review

If you have a Costco membership, you must get this card.

Written by : Updated On: December 9
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The basics

Reward Rate:

Groceries

Gas purchases

4%
Groceries

Restaurants and travel

3%
Groceries

Costco and Costco.com

2%
Groceries

All other purchases

1%

4% on eligible gas purchases, including Costco gas, up to $7000 in purchases per year.

3% on restaurants and eligible travel purchases worldwide.

2% on purchases at Costco and on Costco.com.

1% on all other purchases.

A Costco membership is required to apply.

 

Key Features:

Annual Fee

None – only the cost of your Costco membership

Intro APR

 N/A

Regular APR

20.24%

Signup Bonus

signup-bonus

None

Redemption ways

signup-bonus

Receive your cash back as an annual credit card rewards certificate once your February billing statement closes. It is redeemable for cash or merchandise at US Costco Warehouses

Our Verdict

If you have a Costco membership, you are probably going to want to add this card to your wallet. You get 4% back on gas purchases, including Costco gas, up to $7000 in purchases per year – or $583 per month. This can help offset the rising costs of gas around the country. The APR is standard, and although there is no promotional signup bonus right now, it is a solid card for families that spend a lot each month at Costco or on travel.

You do have to have a membership to apply, but that is what keeps this card without an annual fee. The only major downfall is that your rewards can only be redeemed once per year in February for cash or merchandise at Costco. If you are patient enough to wait for your rewards, then it can be a nice treat each February to get that certificate.

Best Suited for:

Group-11597-2

Pantry stocker

You are not happy unless you have a kitchen full of food. You are the designated grocery person in your household, and you are good at it. But what you really like is getting cash back for spending in this category.

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Always-on-the-road

Travel is your middle name. When you aren’t taking advantage of transit for your daily commute in the form of cabs, rideshares and trains, you are looking for a weekend escape. And if there is an opportunity to go somewhere, you take it. You are into earning miles, getting hotel upgrades, eating out and making sure your car is always fueled.

ProsCons
High spending capsExclusively for Costco members
Tiered rewards categoriesCan only redeem cash back once per year
Designed specifically for Costco members
No annual fees

Hidden perks

Costco helps a lot of larger families save money each month on groceries, and this card can help even more. Citi is a great company, so having a co-branded card with Costco is a huge perk. This is one of the best cash back cards on the market right now, plus no foreign transaction fees.

Beyond the basics

Balance Transfer Intro APR

None

Cash Advance APR

29.99%

Foreign Transaction Fees

None

Loan APR

None

Late Payment Fee

Up to $40

Penalty APR

29.99%

Credit Score Required

720+

What we like about this card

The Costco Anywhere Visa card by Citi offers robust rewards, especially for Costco members. It provides substantial cash back incentives, including 4% on eligible gas purchases (up to $7,000 per year, then 1%), 3% on dining and travel, 2% on purchases from Costco and Costco.com, and 1% on all other purchases.

The absence of an annual fee (beyond Costco membership) adds to its appeal, making it an excellent choice for individuals seeking cashback rewards without extra costs. Additionally, the card extends benefits such as worldwide travel accident insurance and damage and theft purchase protection, enhancing its overall value.

 

Drawbacks and considerations

While the rewards structure is lucrative, the redemption options for rewards earned are limited to annual cash back rewards provided as a Costco voucher redeemable for cash on your statement or in stores. If you don’t frequently shop at Costco or prefer more versatile redemption options, this could limit the card’s attractiveness. Additionally, the high rewards for gas purchases are capped at $7,000 annually, which might be restrictive for heavy gas spenders.

Other Offers

Your card is eligible to be used on Apple Pay, Samsung Pay, and Google Pay.

Speed through checkout securely by tapping to pay at a contactless reader.

Purchases made with your card may be eligible for repairs or a refund if items are damaged or stolen within 120 days (about 4 months) of purchase.

Receive special access to presale tickets and experiences with Citi Entertainment.

How to decide if this card is right for you

Deciding on the Costco Anywhere Visa card depends on your spending habits and Costco membership. If you’re a regular Costco shopper and frequently spend on gas, dining, and travel, this card’s high cashback rates in these categories could be extremely advantageous. Additionally, if you appreciate a card without an annual fee (beyond Costco membership) and can maximize rewards within the Costco ecosystem, this card might align well with your needs.

 

Pair this card with:

Citi Premier Card

citi-Premier

You could pair this card with another travel rewards credit card that gets you points, like the Citi Premier Card. This Costco card has you covered for gas, restaurants, and groceries, so you can use the Citi Premier to gain points to be used on your next trip to offset the cost of plane tickets or hotels.

Apply now: Citi Premier Card

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FAQs

Yes, the Costco Anywhere Visa card can be used anywhere Visa is accepted, not just at Costco. It offers cashback rewards on purchases made both inside and outside of Costco. The card’s rewards structure incentivizes spending at Costco and also provides competitive rewards for gas, dining, travel, and other purchases beyond Costco. Do keep in mind that you must be a Costco member to apply for the card though.

Yes, you need to be a Costco member to apply for and use the Costco Anywhere Visa card.

No, the Costco Anywhere Visa card by Citi does not automatically come with Costco membership. Applicants need to have an active Costco membership to be eligible for and use the Costco Anywhere Visa card.

Obtaining the Costco Anywhere Visa card typically requires a good to excellent credit score. Having a credit score in the upper 600s or higher generally improves the chances of approval for this card. However, individual credit history and other factors also influence the approval decision.