The New Costco Anywhere Visa Card by Citi Is Good News for Costco Shoppers

By Ashley Eneriz. Last updated 20 June 2017. 0 comments

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The Costco Anywhere Visa® Card by Citi from our partner Citi is the new Costco credit card, and there are many reasons why Costco members should rejoice. The card comes with great cash back benefits.

Cash Back Rewards

Cardholders will earn the following cash back:

  • 4% cash back on eligible gas worldwide for the first $7,000 per year. All gas purchases over that amount will earn 1% cash back.
  • 3% cash back on restaurant and eligible travel purchases worldwide
  • 2% cash back on all other Costco and Costco.com purchases
  • 1% cash back on all other purchases

With these high cash back percentages, it has become one of the highest cash back credit cards on the market. (See also: Best Credit Cards For Everyday Purchases)

You don’t have to even be a major Costco shopper to see the awesome cash back benefits. Families who spend $250 per month on gas, $150 in eating out per month, and $250 per month on Costco groceries will earn $234 in cash back at the end of the year. Basically if you use your Costco Anywhere Visa Card for your regular monthly spending, you will essentially earn a free Costco shopping trip. Your cash back reward coupon must be redeemed at Costco, but you can redeem the coupon for cash and spend your cash back elsewhere.

Costs

  • No annual fee with paid Costco membership
  • Purchase APR: 0% Intro APR for 7 months; after that, 16.24% variable
  • Balance Transfer APR: 16.24% variable
  • $5 or 3% Balance Transfer Fee (whichever is greater)
  • 3% Foreign Transaction Fee

Travel and Purchase Benefits

The new card comes with worldwide car rental insurance and worldwide travel accident insurance. It also comes with damage and theft protection, which will cover repairs and refunds for items purchased with your Costco Anywhere Card.

If you are already a Costco member, then the Costco Anywhere Visa is a good deal. The card does not come with an annual fee, but you will have to maintain a Costco membership at $60 per year (or $120 for the Executive Gold membership).

Earn More Back on Costco Groceries

Most credit cards that offer grocery rewards don’t include warehouse clubs as part of their “supermarket” listing. The only way to get rewards on your Costco purchases is to use a flat rate rewards card (must be Visa), have an Executive Gold membership (2% cash back), or with this new card. In fact, if you use the new Costco Anywhere Visa card and have an Executive Gold membership, you’d essentially earn 4% cash back on your Costco trips. (See also: Best Credit Cards that Offer Rewards on Groceries)

Is the Costco Anywhere Visa Card Worth It?

If you are already a Costco member and do a decent amount of shopping there, the Costco Anywhere Visa Card is definitely worth it. Besides getting cash back on Costco purchases, it offers one of the highest cash back opportunities for gas, restaurant, and travel. So it’s not just a card for Costco purchases. This can be your go-to credit card for all your purchases.

Click here to learn more and apply for the Costco Anywhere Visa® Card by Citi today!


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