Costco Visa Credit Card Apply – The Costco Anywhere Visa® Card from Citi is a rewarding combination of a Costco store credit card and a cashback credit card. In addition to earning 2% on Costco purchases, the card offers 4% back on gas and EV purchases, up to $7,000 in annual spending (1% thereafter), and 3% back on travel and dining. All other purchases earn 1% cash back.
The opportunity to earn rewards from major big-box retailers and guaranteed cash back rewards on everyday spending have earned the Costco Anywhere Visa a spot on our list of the best store cards of 2022.
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Costco’s 2% rate on purchases is a bit high compared to rewards on other top business cards, but if you regularly spend a good portion of your budget at this retailer, you can earn significant cashback. Plus, no other credit card from a major bank offers so many rewards on gas and EV charging. The 3% rate on dining and travel gives this card an advantage and is comparable to the rewards offered on some of the best travel credit cards.
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On the other hand, if you’re a big Costco shopper, this card offers generous rewards. Let’s say you spend $1,000 with the card each month. Assuming you spend $500 a month shopping at Costco, you’ll get $120 cash back every year. If you spend an extra $150 on gas and $150 at restaurants, you’ll get $126 in cash back from the card’s bonus categories and an extra $24 from your budget. After you factor in the cost of the Costco membership, your total bill comes to $270, or $210.
In contrast, the more generous general purpose cash back credit cards typically offer 2% cash back on general spending, which equates to $240 per year per $1,000 in monthly spending.
While the buy side judges credit cards primarily based on their rewards potential, there are other details you should consider before applying for a card.
One of the major flaws of the map is buried in the fine print. While the Costco Anywhere Visa will get you generous rewards, it can be a little tricky to redeem.
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While credit card issuers have different deadlines, rewards are usually posted to the cardholder’s account monthly after each transaction or statement. After that, rewards usually don’t expire until you close the account.
Not so with the Costco Anywhere Visa. You’ll receive a credit card rewards certificate once a year with your February billing statement. You can get cash back or exchange for merchandise at Costco. You only have a limited amount of time to spend your rewards – the certificate expires on December 31st of the year. Needless to say, the flexibility is much less compared to other rewards cards.
The Costco Anywhere Visa is a great choice for the regular Costco shopper looking for an everyday cashback card. If you don’t want to carry too many cards, the Costco Anywhere Visa is a good solution, allowing you to earn rewards on everyday purchases at Costco and elsewhere.
You can find a general cashback card that serves the same purpose. For example, the Chase Freedom Unlimited®, one of our picks for the best cash back credit cards of 2022, offers 5% cash back on travel booked through Ultimate Rewards®, 3% back on food and drug stores, and 1.5% cash back. Everything else – including Costco purchases. Even better, you can claim rewards at any time without restrictions. The card has no annual fee, a sign-up bonus and a 0% introductory APR to sweeten the deal.
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If you’re looking for a business credit card that you can get for less than the best credit card, the Costco Anywhere Visa isn’t a good option. According to the issuer’s website, you need excellent credit to qualify. If so, you may want to look into a secured credit card that earns rewards.
For example, the Bank of America® Customized Cash Rewards Secured Credit Card, which you’ll find on the Buy Page list of the best secured cards of 2022, offers 2% back in grocery and wholesale clubs. You get 3% cash back as you wish. Bonus rewards are limited to $2,500 in combined spending per quarter.
Any advice, recommendations or rankings expressed in this article are from the buy side of the editorial team and have not been reviewed or endorsed by our business partners. A non-world travel credit card based on leisure travel until the end of the year is still locked in. That’s not to say this card isn’t good for travel, as it offers bonus cashback on travel purchases and no transaction fees, saving you a nice bonus if you’re not a frequent traveler.
When it comes to the best cash back card, I think the Costco Anywhere is a great card to have in your wallet, whether you’re using it for everyday shopping, travel purchases, or getting your favorite items at your local Costco (or Costco). com ) ) – A great option for a card with no annual fee.
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First $7,000 per year, 1% thereafter (1% cashback on gas purchased at supermarkets, department stores, convenience stores and warehouse clubs except Costco)
The *reason* you can’t apply for the Costco Anywhere card without at least a Costco membership is $60 a year for a Gold membership and $1202 for an Executive membership, which is a bit complicated. Gold membership is like giving you access to their warehouse where you can get your items in bulk and save a ton of money, but Executive membership does the same thing but Costco , 2% cashback on all purchases from Costco. com and Costco Travel.
This means that if you limit your card use to Costco purchases, your effective cashback rates increase by 2% (except for gas, I know), so you get 3% + 2% on Costco travel and 2% + 2% on Costco purchases on Costco.com! In the 10+ years I’ve had my executive membership, I’ve never had to pay my annual fee because the cashback always covers it.
I recommend spending anything related to gas and Costco purchases in conjunction with the Executive Membership. Effective 5% on Costco Travel and 4% Costco and Costco.com cashback is a top option, and even without an executive membership, you’ll get 4% on gas, which is one of the highest offers. Costco offers this chart to help you see where your expenses are on a monthly and annual basis and calculate your estimated annual reward.
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In conclusion, this is a great card that Costco shoppers must have and doubles as an everyday workhorse card that meets your spending needs. While it doesn’t offer bonus cashback on groceries, the rest of the cashback bonus makes up for it.
Oct 6 The Chase Sapphire Preferred Visa Card – Review Sep 21 The American Express Gold Card – Review Citi Visa Costco Business Card is a credit card that offers great rewards and benefits for Costco members. This card comes with no annual fee and offers users the opportunity to cash back their purchases. There is 0% introductory APR on balance transfers and purchases for the first 12 months.
The Costco Anywhere Business Visa from Citi is ideal for businesses that spend heavily on gas, food and travel. Although this card doesn’t offer travel benefits, it’s a good choice for purchases abroad. You will get unlimited rewards at 3%, 2% and 1% levels. Cash back on the Costco Anywhere Visa business card from Citigroup is offered only once a year. Most business cards allow you to redeem products or services continuously or continuously throughout the year. The more you spend, the more rewards you get with this card. When it comes to spending wisely, maximizing your rewards is key.
With the Costco Anywhere Visa Business Credit Card from Citigroup, you can earn 2.6% in rewards on various purchases. The most rewarding aspect of this card is that you can spend up to $7,000 a year on gas. Costco’s membership fee alone is worth it. Thanks to the Costco Anywhere Visa Business Credit Card from Citigroup, you can earn 4% cash back on gas purchases anywhere outside the US; Other business cards are more profitable or more useful when charging for office supplies. Citigroup reserves the right to cancel your card if you do not pay your Costco membership fee.
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