Costco Anywhere Visa^® Card by Citi Review

Citi is an advertising partner.
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 and EV charging purchases 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.

• Cash back on everyday purchases

  The Costco Anywhere Visa^® Card by Citi offers 4% cash back on eligible gas and EV charging purchases 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.

• 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 December 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.

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

How Does LendingTree Get Paid? 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.

| Disclosures

Blue Cash Preferred^® Card from American Express

Apply Now

on American Express's secure site

Rates & Fees

| Terms Apply

Blue Cash Preferred^® Card from American Express

Intro Purchase APR 0% on purchases for 12 months

Regular Purchase APR 19.24%-29.99% Variable

Annual Fee $0 intro annual fee for the first year, then $95.

Rewards Rate Earn 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.… Read More

Highlights

• Earn a $250 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 intro plan fees on plans created during the first 12 months from the date of account opening. Plans created after that will have a monthly plan fee up to 1.33% of each eligible 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% on purchases and balance transfers for 12 months from the date of account opening. After that, your APR will be a variable APR of 19.24% - 29.99%. Variable APRs will not exceed 29.99%.
• 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.
• 3% Cash Back 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 or at Amazon.com checkout.
• Get up to $120 in statement credits annually when you pay for an auto-renewing subscription to Equinox+ at equinoxplus.com with your Blue Cash Preferred® Card. That’s $10 in statement credits each month. Enrollment required.
• Thinking about getting the Disney Bundle which can include Disney+, Hulu, and ESPN+? Your decision made easy with $7/month back in the form of a statement credit after you spend $9.99 or more each month on an eligible subscription (subject to auto renewal) with your Blue Cash Preferred® Card. Enrollment required.
• Terms Apply.

Recommended Credit

Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion

660 720 850

Good/Excellent

Get my free score

Show Detailsfor Citi Double Cash Card

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 lets you earn 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 a $250 statement credit 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. You can also redeem rewards when checking out at Amazon.com.

The card does have a $0 intro annual fee for the first year, then $95. annual fee. 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.

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.