Authorized User means any person You allow to use Your Citi Card account and who was issued a Citi Card. To start, the Costco Anywhere Visa® Card only earns 2% cash back on Costco and Costco.com purchases (excluding gas), which is fairly low for a branded store card. Join Costco today. Together, these factors make the Costco Credit Card a solid choice for travel, especially domestically. Advertiser Disclosure: Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. Not only do you have to redeem your reward certificate in person in a Costco store, but Costco says that you will not receive your rewards at all "if your account is closed at the time your credit card reward certificate is scheduled to be sent." Perks and Benefits of the Costco Credit Card. Some companies mentioned in this article might be clients of ConsumerTrack, Inc., which serves more than 100 national, local and online financial institutions. To earn rewards, be sure to pay your Costco credit card bill on time. Costco’s pitch: the Capital One Costco Mastercard. Earning 3% back on eligible travel purchases and restaurants is also a major bonus, and this is especially true if you're someone who uses Costco Travel to save big on airfare, hotels, travel packages and cruises. For those who plan to use their card for business shopping, there is a Costco Anywhere Visa Business Card available that comes with the same perks. In other words, this coverage won't apply if you buy your laptop or any other item with a different rewards credit card. Not only does this card let you earn generous rewards at Costco stores without an annual fee, but it's also one of the best gas credit cards available on the market today. Receive an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). If you're wondering how you could use this coverage, imagine you bought a new refrigerator with your Costco Anywhere Visa(R) by Citi card. Since most rewards credit cards let you redeem your points or cash back throughout the year, this is a strange and extremely restrictive feature that might make redeeming your rewards a pain. The card does have its benefits, including the fact it has no annual fee and doubles as your Costco membership card (which means you’ll have one less card to carry around in your wallet). The Costco Anywhere Visa Card offers solid cash back options for cardholders: 4% on eligible gas (including gas at Costco) for the first $7,000 per year, then 1%; 3% on restaurants and travel purchases worldwide; 2% on purchases from Costco and Costco.com; 1% on all other purchases Specifically, you'll get an additional two years of warranty coverage on eligible items. Then there are the great travel benefits. What we like: The Costco Anywhere Visa(R) Card by Citi card really knocks it out of the park when it comes to rewards rates for popular purchases. The information about the Costco Anywhere Visa(R) Card by Citi card has been collected independently by Bankrate.com. Right from the start when Costco came to town I was hesitant about even getting a Costco Membership. New cardmembers only. Show full articles without "Continue Reading" button for {0} hours. Rates and availability might vary by region. Earn virtually everywhere. Costco now partners with Visa and Citigroup, allowing for even greater Costco credit card rewards. The Costco Anywhere Visa Business card is a no-brainer for existing Costco members looking to capitalize on a hefty cash back rate that outdoes most other business credit cards. First year free, making it perfect for a test drive. There is no annual fee with your Costco membership, and cash-back percentages are particularly high for gas, restaurant and travel purchases, which will benefit anyone who often makes purchases in these categories. Of course, the average family only spends around $2,109 per year on gas according to figures from the Bureau of Labor Statistics, but you could still earn $84.36 in rewards on gas with this level of annual spending. The 11 Best Costco Credit Card Benefits. In order for purchases made with Your Costco credit card reward certificate to be eligible for coverage, You must redeem Your Costco credit card reward certificate for the purchase directly. 3. We make money easy. Get weekly email updates, including expert advice to help you Live Richer™. It earns a significant amount of cash back on gas station purchases which also include Costco gas stations. Frequent travelers will benefit from the various perks … That means with this card in your wallet, you’ll need to use 15% fewer miles to book a reward flight in this area. Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. The Bank of America card provides a few more benefits than the Costco cards, some of which are pretty useful. Costco Anywhere Visa® Card by Citi. The recommended credit score to apply for the Costco Anywhere Visa® Card by Citi is 720 or higher. Cash advances, balance transfers, fees and interest charges aren’t eligible for … To make the most of purchase protection offered by this credit card, you'll need to make sure you actually purchase items you want coverage for with your card. The card has no limit to how much you can earn. For the majority of us that rely on cars to get around, gas is an... One Card With Two Functions. Fee for foreign purchases - None. A rainy day fund is within reach with a sensible savings plan. © 2021 GOBankingRates. By Cameron Huddleston. This credit card is intended for shoppers with excellent credit. This credit card comes with extended warranty benefits, providing protection for eligible purchases for an extra two years. First thing to mention is the exclusive 15% discount on Air Miles redemptions in North America. We also like the fact you earn 2% back at Costco stores, and this applies to purchases made at Costco.com. The card offers helpful perks for travelers. You’ll also find that your card features at home. Best for: Costco members who want to earn cash back on their purchases. There are numerous reasons to love Costco stores, and the free samples and food court pizza are really just the tip of the iceberg. When you log in to your account, you should get a notification if one of the cards in your wallet is affected. This means you have to keep your credit card account open until you receive your rewards certificate at the end of your February billing statement - even if you don't want to. Also note that, once you get the Costco Anywhere Visa(R) by Citi card, it also serves as your Costco membership card. Redeem for whatever you want. That means you’ll at least break even on the cost of the standard Gold Star membership. Minimum interest charge - $0.50. Sign up to receive our daily weekday newsletter with the latest finance and lifestyle content. Earn 4% back on eligible gas purchases, including gas at Costco for the first $7,000 per year (then 1%), 3% back on restaurants and eligible travel purchase worldwide and 2% back on all other purchases from Costco and Costco.com, No annual fee with your Costco membership. This card also comes with extended warranty coverage that increases the warranty on eligible items that already come with a manufacturer's warranty. Citi confirmed that the Costco Anywhere Visa Card will give 4 percent at merchants classified as gas stations. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). You'll also want to keep receipts as proof of purchase. The Costco Credit Card benefits range from rewards to travel insurance. Microsoft and partners may be compensated if you purchase something through recommended links in this article. The card has no annual fee with a Costco membership, so it’s basically a way to earn free money for your everyday spending. And even then, you can only redeem your certificate for merchandise within a brick and mortar Costco store. Experience one of Citi's best credit cards for small businesses, the Costco Anywhere Visa ® Business Card by Citi. That may be a given since you probably want this card because you shop at Costco, but it's still worth noting that Costco membership starts at $60 per year. Explore with Ease. Receive your cash back. A Costco membership is required to apply. Advantages of the Costco credit card The biggest perk of the Costco Anywhere Visa card is the rewards you’ll earn on many practical purchases. Costco credit Costco also boasts a pretty sweet return policy that lets you return merchandise any time you're dissatisfied. Did this article teach you something new? This isn't some huge benefit you should factor in your decision to sign up, but it can be convenient for you. Some interest rates might be short-term or promotional offers only, and it is possible additional terms and conditions must be met in order to obtain the interest rates listed. Benefits of the Citi Costco Credit Card It earns high rewards on gas, restaurant and travel spending. You can apply for the card online or by calling Citibank credit card customer service at 800-514-9695. Note that you must be a Costco member before applying for this card, so it is not a viable credit card option for anyone who is not a member. If you have a Costco Anywhere Visa Card, you can use it in lieu of a Costco … I wasn't sure it if was worth getting and whether our monthly budget could sustain purchases made in bulk. You may love Costco so much that you want to sign up for their co-branded credit card, and really, this can be another good move. All Right Reserved. Here’s what qualified cardmembers can expect on eligible purchases: 4% on eligible gas, for the first $7,000 per year and then 1% thereafter; 3% on restaurants and eligible travel; 2% on all other purchases from Costco and Costco.com; 1% on all other purchases 1% cash back on all other purchases. Costco members can earn cash-back rewards on all purchases with the Costco Anywhere Visa Card by Citi. Earn up to 4% in cash back rewards on eligible purchases with the only business credit card designed exclusively for Costco members. Costco members can earn cash back rewards with a Costco Anywhere Visa ® Card by Citi. You'll only earn 1% back on non-bonus purchases made with your card, but this is standard among cash-back credit cards. Costco Credit Card Benefits High Percentage of Cash Back for Gas Purchases. The Capital One Costco Mastercard has no annual fee and an annual interest rate of 19.75%. Related: Yes, You Actually Can Shop at Costco for 1 — Here’s How. This card offers secondary rental car insurance for domestic rentals and primary coverage for international rentals, covering damages or vehicle replacement up to $50,000. The card details have not been reviewed or approved by the card issuer. The fact this card doesn't have an annual fee makes it a real no-brainer. And there's no annual fee beyond a yearly Costco membership. The Costco Visa card comes with a number of perks, including cash rewards and other special features that can benefit shoppers who are already Costco members. There was an unknown error. That means any purchase that’s charged to your credit card minus credits or returns. Please try again later. If you max this out each year by spending around $583 per month on gas, you would earn close to $280 in rewards in this category alone. This coverage is good for up to 120 days after the purchase date (or 90 days if you live in New York), and can reimburse you for up to $10,000 per item with a cap of $50,000 per year. No annual fee with paid Costco membership. Rankings and roundups are completely objective, and no institution, client or otherwise, paid for inclusion or specific placement. The Costco Anywhere Visa® Card by Citi is a cash back credit card offered by Citi Bank. If you are already a Costco member — or plan on becoming a Costco member — the Costco Anywhere Visa Card is a good option for a cash-back rewards card. Most importantly, Costco Credit Card enables you to earn rewards on items that may already be discounted heavily. In practice, most places where you pump gas are coded as gas stations, not as convenience stores – even if they are affiliated with a convenience store that offers the usual array of gum, lottery tickets, old-looking hot dogs and cold beer. Earn 3% cash back rewards on Costco Travel purchases when you use the Costco Anywhere Visa® Cards by Citi in addition to your annual 2% cash back from your Executive Membership. The best Costco credit card has a lot to work with. Her work has also appeared on E! You may even qualify for presale tickets to concerts, sporting events and dining experiences, and you only need to be a cardholder to qualify. The Costco Anywhere Visa(R) by Citi card offers unique purchase protection coverage that can reimburse you if eligible items you pay for with your credit card are damaged or stolen. When you shop at Costco stores as a cardholder, you could skip bringing a separate membership card with you altogether. ¹ Cash back is applied to total net purchases. You can use the Costco Anywhere Visa Card wherever Visa cards are accepted — including around the world. The advantage you’ll get apart from the benefits listed above is, you don’t have to carry both the Costco Membership card and the credit card along with you while shopping at Costco. These changes don’t just affect the Costco Visa. Before joining the team, she was a staff writer-reporter for People Magazine and People.com. for the first $7,000 per year, then 1% thereafter, 3% cash back on restaurants and eligible travel purchases, 2% cash back on all other purchases from Costco and Costco.com. 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