Costco Credit Card Benefits
- High Percentage of Cash Back for Gas Purchases. For the majority of us that rely on cars to get around, gas is an inevitable expense. ...
- One Card With Two Functions. ...
- Perks for World Travelers. ...
- Extra Purchase Protection. ...
- The Costco Anywhere Visa Business Card by Citi Option. ...
- 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.
Is Costco credit card worth it?
Yes, it's worth it. Restaurants/Fast Food...3%, travel 3% (AirB&B, airline tickets, car rental, etc.)..no other card really offers those things, at least in one card. Plus 4% on gas (and usually purchases inside non-costco gas station mini marts will count as gas).
Which credit cards offer the best benefits?
“The best credit card is dependent upon your lifestyle, how you spend, and what your priorities are,” says Boschulte. “Use a card that rewards you for the spending you’re already doing and offers redemption flexibility that matches your needs. Earning is just one part of the equation.”
What credit score is needed for a Costco credit card?
When applying for a credit card, you can expect the following based on your credit rating:
- Poor. Your credit needs work, but you can potentially qualify for credit builder programs.
- Fair. You may need to build up your score before you can get some forms of credit.
- Good. You could still apply for most cards but may not be eligible for the lowest interest rates.
- Very good. Your score is good enough to be approved for most credit cards.
- Excellent. ...
What credit cards does Costco offer?
Which credit cards offer roadside assistance?
- Visa cards. Anyone with a Visa credit card has access to roadside assistance – no matter the issuer. ...
- Mastercards. Select Mastercard credit cards offer Master RoadAssist Roadside Service as part of Mastercard’s larger Travel Assistance benefit.
- Premium credit cards. ...
Does Costco credit card give you membership?
No, the Citi Costco Credit Card does not include a Costco membership, though having one is an approval requirement. If you want to apply for the Costco Credit Card, you must first purchase a Costco membership, which costs between $60 and $120 per year.
Is the Citi Costco card worth it?
Costco Credit Card Review Summary The Costco Credit Card is worth applying for if you have a Costco membership and an excellent credit score. The Costco Anywhere Visa® Card by Citi has a $0 annual fee and offers 1 - 4% cash back, giving its bonus rates on gas, travel and dining purchases.
How does a Costco credit card work?
The Costco Anywhere Visa® Card by Citi earns an impressive 4% cash back on gas purchases (at Costco or elsewhere) on up to $7,000 of spending a year. That translates to $280 back a year if you hit that limit. (After $7,000 in spending, the rewards rate goes down to 1%.)
Does Costco credit card have a monthly fee?
The Costco Credit Card annual fee is $0 (meaning it has no annual fee), as long as you have a Costco membership.
Which Costco card is best?
Perhaps the most obvious choice is the Costco Anywhere Visa® Card by Citi. There is no annual fee, and the Costco membership requirement shouldn't be an issue since you need a membership to shop at the warehouse (unless you share with a family member or friend).
What bank owns Costco credit card?
CitibankThe Costco Anywhere Visa® Card by Citi card is issued by Citibank.
How do I get a free Costco card?
19 Ways to Get a Costco Membership for FreeUse a Costco Shop Card.Shop with a Costco Member.Place an Instacart Order.Shop Online at Costco.com.Buy Alcohol.Buy Prescriptions and/or Immunizations. Find a Costco Membership Discount.Check Online Deal Websites.Get a Costco Shop Card When You Sign Up.More items...•
Can my husband use my Costco card without me?
The Costco membership card is non-transferable, but there are several ways to share the experience with family and friends. Anyone with a card can bring up to two guests to the Warehouse during each visit. Keep in mind that purchasing items is exclusive to Costco members.
Can I get cash from my Costco credit card?
The Costco Anywhere Visa® Card by Citi cash advance fee is 5% (min $10) per transaction, whichever is higher. A cash advance fee is charged when using the Costco Credit Card for cash withdrawals at an ATM, or in person at participating locations.
Can you use Costco credit card anywhere?
Though it's a store card, Costco members can use the Costco Anywhere Visa card wherever Visa cards are accepted and earn rewards towards everyday purchases like gas, travel, and dining.
What credit score do you need for Costco Citi?
You must have excellent credit to get approved for the Costco Anywhere Visa® Card by Citi. That generally means a credit score of 720 or above. Is the Costco Anywhere Visa the best credit card for gas? If you want rewards that are more flexible than Costco rewards, see our top picks for best gas credit cards.
How much is Costco card a year?
$60.00$60.00 Annual membership fee* Includes a free Household Card. Valid at all Costco locations worldwide.
Other travel perks, including no foreign transaction fees
What you’ll get: The Costco Anywhere Visa® Card by Citi has no foreign transaction fees. It also offers the following traveler protections:
Redeem cash back rewards at Costco
What you’ll get: Your rewards for the Costco Anywhere Visa® Card by Citi accrue from January through December, and once a year you’ll receive a certificate after the February billing cycle closes.
Purchase protection
What you get: The Costco Anywhere Visa® Card by Citi offers some purchase protections. The purchase protection covers damage and theft of eligible purchases for 90 to 120 days after purchase, up to $1,000 per item, and up to $50,000 per year.
Not sure if this is the card for you? Read more to find out
While the Costco Anywhere Visa® Card by Citi offers strong rewards across gas, travel and dining, it’s not a perfect match for everyone, especially if you’re not a Costco member or have no interest in joining. But if you’re still considering, here’s some further reading.
How to earn rewards with Costco credit card?
To earn rewards with your Costco credit card, simply swipe the card when making purchases in the qualifying categories. The cash back you earn will be provided as an annual credit card reward certificate. The real downside to this card is that you can only redeem your cash back rewards at Costco, in one single transaction per year.
Does Costco offer cash back?
The Costco credit card is not the only option available for earning cash back at the retailer. There are a few cards that offer cash back savings at wholesale clubs, including Costco.
Is Costco Visa good for everyone?
While there are many Costco credit card benefits, the new Costco Visa won ’t be perfect for everyone. If you don’t live near a Costco or have no desire to buy in bulk, for example, you wouldn’t benefit much from this card.
Does Costco have a Visa card?
The Costco Anywhere Visa is great for members as it gives them extra benefits like cash back on gas, groceries, and more. Costco now partners with Visa and Citigroup, allowing for even greater Costco credit card rewards. If you are already a Costco member, the Costco credit card is a no-brainer.
Our Take
NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features.
Quick Facts
Discover one of Citi's best cash back rewards cards designed exclusively for Costco members.
About the author
Kimberly Palmer is a personal finance expert at NerdWallet. She has been featured on the "Today" show and in The New York Times. Read more
