Advantages of the Costco Visa Credit Card

Update: Some offers mentioned below are no longer available or the benefits and terms have changed. View the issuer’s site for current information. 

Costco members can earn cash-back rewards on all purchases with the Costco Anywhere Visa Card by Citi. The card has no annual fee with a Costco membership, so it’s basically a way to earn free money for your everyday spending.

In This Review:

• What You Need to Know About the Costco Anywhere Visa Card by Citi
• Costco Credit Card Benefits
• Costco Anywhere Visa Card Enables You to Easily Earn Cash Back

What You Need to Know About the Costco Anywhere Visa Card by Citi

With the Costco Anywhere cash-back credit card, you’ll earn Costco cash-back rewards every time you shop anywhere Visa is accepted. Cash-back rewards are provided to cardholders annually at the close of the February billing statement, and rewards can be redeemed for cash or merchandise at Costco. To earn rewards, be sure to pay your Costco credit card bill on time.

Best for: Costco members who want to earn cash back on their purchases.

Costco Credit Card Benefits

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.

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. With the Costco Anywhere Visa Card, you’ll get 4 percent cash back on all eligible gas purchases, which can really add up. It’s important to note that there is a limit to this perk: 4 percent cash back is applied to $7,000 worth of gas purchases each year, and after that limit is reached, the cash-back amount drops to 1 percent.

One Card With Two Functions

If you have a Costco Anywhere Visa Card, you can use it in lieu of a Costco membership card to shop at the store, which means it’s one less thing you need to carry in your wallet.

Related: Yes, You Actually Can Shop at Costco for 1 — Here’s How

Perks for World Travelers

You can use the Costco Anywhere Visa Card wherever Visa cards are accepted — including around the world. There’s also no foreign transaction fee, so you can use this credit card anywhere without having to worry about added charges.

Extra Purchase Protection

This credit card comes with extended warranty benefits, providing protection for eligible purchases for an extra two years.

More Options: Best Rewards Credit Cards

The Costco Anywhere Visa Business Card by Citi Option

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.

Costco Anywhere Visa Card Enables You to Easily Earn Cash Back

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. 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. 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.

Keep reading to discover the best ways to sign up for a Costco credit card.

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Editorial Note: This content is not provided by Citibank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been endorsed by Citibank.