Costco Anywhere Visa® Credit Card review
Read this Costco Anywhere Visa® Credit Card review and learn about this card's awesome rewards and benefits.
If you are a Costco member, you can bulk up your savings and turn everyday spending into rich rewards
This card was exclusively designed for Costco members and is one of Citi’s best cash back rewards cards. Here is our Costco Anywhere Visa® Credit Card review.
- Credit Score: Good – Excellent
- APR: Variable 18.24%
- Annual Fee: $0
- Fees: N/A
- Welcome bonus: N/A
- Rewards: 4% cash back on gas and EV charging purchases up to $7,000 the year (1% from then on), 3% cash back on eligible travel purchases and at restaurants, and 2% cash back on all other purchases at Costco or Costco.com.
With a 4% cash back at eligible gas stations and EV charging stations, you can get up to $280 back off the first $7,000 you spend within the year.
Not to mention 3% cash back at restaurants and on eligible travel purchases, and 2% on all other Costco and Costco.com purchases.
Costco Anywhere Visa® Credit Card: how does it work?
The Costco Anywhere Visa® Credit Card by Citi is a store card you can use anywhere, not only at Costco. It offers an impressive rewards rate on a wide range of categories.
The card does not charge an annual fee, but to get the card, you must be a Costco member. This requires an annual membership fee which ranges from $60 to $120 a year.
The card’s rewards are generous in some categories, but using the card at Costco does not offer particularly high rewards.
The rewards rate remains pretty much the same regardless of where you use the card.
This card offers a high 4% cash back on gas and EV charging purchases. This rate is valid up to the first $7,000 you spend within a year. After that amount, the cash-back earnings rate is 1%.
The card also offers 3% cash back on most travel purchases and restaurants, 2% back at Costco and Costco.com, and 1% back on all other purchases.
There is no foreign transaction fee for this card, even though it includes worldwide travel accident insurance and travel and emergency assistance.
One downside of this card is that its rewards are only redeemable once a year. Also, in order to redeem your rewards, you must go to a physical Costco store.
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Costco Anywhere Visa® Credit Card significant benefits and disadvantages
Our Costco Anywhere Visa® Credit Card review would not be complete without a comparison between this card’s pros and cons. So have a look at the list of benefits and disadvantages we have put together below.
- It does not charge an annual fee
- Convenient everyday bonus categories
- It does not charge an annual fee
- Bonus categories offer high rewards rates
- Requires going to the store to redeem rewards
- Requires an active Costco membership
- Limited redemptions
- Requires excellent credit
Is a good credit score required for applicants?
The Costco Anywhere Visa® Credit Card by Citi requires applicants to have a good to excellent credit score. This generally implies a score of 720 or better.
Learn how to apply and get a Costco Anywhere Visa® Credit Card
Does the Costco Anywhere Visa® Credit Card by Citi sound like a fit to you? If so, you might want to take the next step and apply for the card.
In the link below, we have prepared a step-by-step guide for you to do just that. Click on it, and we will show you how to get this card.
About the author / Danilo Pereira
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