How Does LendingTree Get Paid?
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How Does LendingTree Get Paid?

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Costco Anywhere Visa® Card by Citi

Costco Anywhere Visa® Card by Citi

Rewards Rate
4% cash back on eligible gas for the first $7,000 per year and then 1% thereafter, 3% on restaurants & travel, 2% at Costco & Costco.com, 1% on all other purchases
No Foreign Transaction Fee
0% fee for transactions while traveling abroad
Annual Fee
$0 annual fee
Edited by
Julie Sherrier
Reviewed by
Tracy Brackman
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the Costco Anywhere Visa® Card by Citi best for?

If you’re a Costco member, you can earn a generous amount of cash back on everyday purchases — like gas and dining — with the Costco Anywhere Visa® Card by Citi, from our partner Citi.

Cardholders earn 4% cash back on eligible gas for the first $7,000 per year and then 1% thereafter, 3% on restaurants & travel, 2% at Costco & Costco.com, 1% on all other purchases. If you max out the $7,000 spend cap on gas, you can earn $280 cash back on those purchases alone each year.

While the Costco Anywhere Visa® Card by Citi charges a $0 annual fee, beware that you will be responsible for paying an annual Costco membership.

We highlight the pros and cons of the Costco Anywhere Visa® Card by Citi to help you determine if it’s the right card for you.

Costco Anywhere Visa® Card by Citi overview

    • Discover one of Citi's best cash back rewards cards designed exclusively for Costco members
    • 4% cash back on eligible gas for the first $7,000 per year and then 1% thereafter
    • 3% cash back on restaurants and eligible travel purchases
    • 2% cash back on all other purchases from Costco and Costco.com
    • 1% cash back on all other purchases
    • No annual fee with your paid Costco membership and enjoy no foreign transaction fees on purchases
    • Receive an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico
    • The standard variable APR for Citi Flex Plan is 15.99%. Citi Flex Plan offers are made available at Citi's discretion.
  • Credit needed:
    720 850
    excellent
  • Damage and theft protection
  • Citi Entertainment®
  • Contactless Pay
  • Digital wallets technology

Intro Purchase APR

N/A

Regular Purchase APR

15.99% (Variable)

Intro BT APR

N/A

Regular BT APR

15.99% (Variable)

Annual Fee

$0

Cash Advance Fee

5% of each cash advance; $10 minimum

Foreign Transaction Fee

0%

Balance Transfer Fee

Balance transfer fee applies with this offer 5% of each balance transfer; $5 minimum

Pros and cons

Pros

  • Cash back on everyday purchases
  • $0 annual fee
  • 0% foreign transaction fee

Cons

  • No sign-up bonus
  • Limited redemption options
  • Costco membership required

What we like about the Costco Anywhere Visa® Card by Citi

  • Cash back on everyday purchases

    The Costco Anywhere Visa® Card by Citi offers 4% cash back on eligible gas for the first $7,000 per year and then 1% thereafter, 3% on restaurants & travel, 2% at Costco & Costco.com, 1% on all other purchases.

    Just know, certain purchases are not eligible for the elevated cash back rates. For example, gas purchased at superstores, supermarkets, convenience stores, warehouse clubs other than Costco and fuel used for non-automobile purchases do not qualify for the gas category. Purchases made at bakeries and certain restaurants and cafes inside department stores, grocery or warehouse clubs do not qualify for the restaurant category. And purchases made at timeshares, campgrounds, bed and breakfasts and purchases of train and commuter travel do not qualify for the travel category.

  • Annual fee

    The Costco Anywhere Visa® Card by Citi comes with a $0 annual fee. But keep in mind you that you will be responsible for paying an annual Costco membership fee (more details below).

  • 0% foreign transaction fees

    With the Costco Anywhere Visa® Card by Citi, you won’t be charged additional fees when you use your card to make purchases outside of the U.S.

What to watch out for with the Costco Anywhere Visa® Card by Citi

  • No sign-up bonus

    Cash back cards typically provide the opportunity to earn a sign-up bonus, but the Costco Anywhere Visa® Card by Citi does not.

  • Limited redemption options

    While cash back cards often allow cardholders to redeem rewards for cash or statement credits throughout the year, the Costco Anywhere Visa® Card by Citi only lets cardholders redeem rewards for merchandise or cash back at Costco warehouses located in the U.S., including Puerto Rico.

    Additionally, rewards are only distributed one time per year (after your February billing cycle) and must be redeemed by Dec. 31 of the year in which they are issued.

  • Costco membership required

    You must have a Costco membership to apply for this card. An annual membership costs $60 for a Gold Star membership and $120 for an Executive membership.

Alternate cash back card

Compare it to the Blue Cash Preferred® Card from American Express

| Disclosures
Blue Cash Preferred® Card from American Express
Blue Cash Preferred® Card from American Express
on American Express's secure site
Terms Apply
0% on purchases for 12 months
14.74%-24.74% Variable
$0 introductory annual fee for the first year, then $95
6% Cash Back at U.S. supermarkets on up to $6,000 per year
  • Earn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
  • $0 intro annual fee for the first year, then $95.
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 12 months after account opening. Plans created after that will have a monthly plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 14.74% to 24.74%
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
  • 6% Cash Back on select U.S. streaming subscriptions.
  • 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
  • 1% Cash Back on other purchases.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • Terms Apply.
720 850

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

 

If you want to earn a high cash back rate in popular spending categories, but want more flexibility in how you can redeem those rewards, the Blue Cash Preferred® Card from American Express is a much better fit.

The Blue Cash Preferred® Card from American Express offers 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), 6% Cash Back on select U.S. streaming subscriptions, 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more), 1% Cash Back on other purchases. Terms apply. Additionally, cardholders can earn $300 back after you spend $3,000 in purchases on your new card within the first 6 months. Cash back is earned in the form of Blue Cash Rewards Dollars.

Unlike the Costco Anywhere Visa® Card by Citi, which only lets you redeem cash back at Costco one time per year, the Blue Cash Preferred® Card from American Express lets you redeem your reward dollars for statement credits whenever your available reward balance is $25 or more.

The card does have a $0 introductory annual fee for the first year, then $95. However, if you max out the $6,000 spend cap on groceries — which will get you $360 — you’ll earn more than enough cash back to cover the annual fee each year.

Additionally, the Blue Cash Preferred® Card from American Express charges foreign transaction fees of 2.7% of each transaction after conversion to US dollars.

To see rates & fees for the Blue Cash Preferred® Card from American Express please click here.

Compare the Costco Anywhere Visa® Card by Citi to similar cards

Comparison of four different credit cards
Costco Anywhere Visa<sup>®</sup> Card by Citi Blue Cash Preferred<sup>®</sup> Card from American Express Sam's Club Mastercard Discover it<sup>®</sup> Cash Back
Costco Anywhere Visa® Card by Citi Blue Cash Preferred® Card from American Express Sam's Club Mastercard Discover it® Cash Back
Read Review
Apply Now
on American Express's secure site
Terms Apply
Review Coming Soon Apply Now
on Discover's secure site
Annual Fee
$0 $0 introductory annual fee for the first year, then $95 $0 $0
Welcome Offer
N/A $300 back after you spend $3,000 in purchases on your new Card within the first 6 months. 5% back in Sam’s Cash on gas anywhere Mastercard is accepted (on first $6,000 per year, then 1%), 3% back in Sam’s Cash on Sam’s Club purchases for Plus members. Club members earn 1% cash back, 3% back in Sam’s Cash on dining and takeout, 1% back in Sam’s Cash on other purchases Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
Rewards Rate
4% cash back on eligible gas for the first $7,000 per year and then 1% thereafter, 3% on restaurants & travel, 2% at Costco & Costco.com, 1% on all other purchases 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), 6% Cash Back on select U.S. streaming subscriptions, 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more), 1% Cash Back on other purchases. Terms apply. 5% cash back on gas (on the first $6,000 per year, then 1%), 3% back on dining and travel, 1% back on other purchases 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases - automatically
Regular APR
15.99% (Variable) 14.74%-24.74% Variable 15.65%-23.65% Variable APR 12.24% - 23.24% Variable APR
Recommended Credit
excellent excellent-good N/A excellent-good-average
Card Details
Costco Anywhere Visa® Card by Citi Blue Cash Preferred® Card from American Express Additional card details unavailable Discover it® Cash Back

The information related to the Costco Anywhere Visa® Card by Citi and the Sam's Club Mastercard has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.

Is the Costco Anywhere Visa® Card by Citi right for you?

If you regularly purchase gas, groceries and other household items from Costco, you may want to consider the Costco Anywhere Visa® Card by Citi, since the card offers a generous cash back rate that can be used to help offset the cost of those purchases.

But if you want to earn an elevated cash back rate in additional categories, like select streaming services, transit, and grocery store purchases — and you don’t want to be limited to redeeming those rewards at Costco — the Blue Cash Preferred® Card from American Express may be a better fit.

Just keep in mind, the Blue Cash Preferred® Card from American Express charges foreign transaction fees as well as an annual fee after the first year of card membership.

To see rates & fees for the Blue Cash Preferred® Card from American Express please click here.

The information related to the Costco Anywhere Visa® Card by Citi has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.