Costco Anywhere Visa – How To Apply
The Costco Anywhere Visa Credit Card by Citi offers great cashback for Costco shoppers and everyday spending.
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With no annual fee for Costco members and excellent rewards on gas, dining, and travel purchases, this card provides a simple way to maximize your rewards while enjoying the perks of being a Costco member.
Whether you’re fueling up, dining out, or traveling, the Costco Anywhere Visa Card offers high cashback rewards that make it a great option for Costco shoppers and those who spend in these categories regularly.
Costco Anywhere Visa
No Annual Fee No Introductory APR OfferHow does the Costco Anywhere Visa Card work?
The Costco Anywhere Visa Card is designed to offer solid cashback rewards across a wide range of spending categories. Here’s how it works:
- Earning Rewards: You earn 4% cashback on eligible gas purchases (on the first $7,000 spent per year, then 1%), 3% on restaurants and eligible travel purchases, 2% at Costco and Costco.com, and 1% on all other purchases.
- Cashback Redemption: Rewards are issued annually as an auto credit on your Costco membership renewal or as a check, making it easy to redeem your rewards.
- No Annual Fee (with Costco Membership): The card comes with no annual fee as long as you maintain a Costco membership.
- Access to Citi Benefits: As a Citi cardholder, you have access to a range of benefits such as fraud protection, 24/7 customer service, and other security features, adding value and peace of mind when using the card.
Main benefits of Costco Anywhere Visa Card
The Costco Anywhere Visa Card offers several compelling benefits, making it an attractive choice for Costco members and individuals who spend frequently in certain categories:
- High Cashback on Gas and Dining: You earn 4% cashback on eligible gas purchases (on the first $7,000 spent annually), 3% on restaurants and eligible travel purchases, and 2% at Costco, making this a great card for those who frequently travel or dine out.
- No Annual Fee (with Costco Membership): The card comes with no annual fee if you have an active Costco membership, making it a cost-effective choice for Costco shoppers who want to maximize their rewards.
- Annual Cashback Redemption: Cashback is issued annually, either as an auto credit on your Costco membership renewal or as a check, giving you flexibility to use the rewards as you see fit.
- Access to Citi Benefits: Enjoy the perks of Citi’s fraud protection, 24/7 customer service, and other cardholder benefits, offering additional value and security.
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Cons of Costco Anywhere Visa Card
While the Costco Anywhere Visa Card offers many benefits, there are a few things to consider before applying:
- Costco Membership Required: To apply for this card, you need to be a Costco member. If you don’t already have a membership, this will add an additional cost to using the card.
- Rewards Redemption Timing: Cashback is awarded annually, which means you’ll need to wait until the end of the year to access your rewards, making it less ideal for those who prefer more immediate rewards.
- Foreign Transaction Fees: The card charges a 3% foreign transaction fee, so it may not be the best option for international travelers.
- Limited Reward Categories: While the card offers great rewards for gas, travel, dining, and Costco purchases, it doesn’t provide bonus categories for other common spending areas, such as groceries or entertainment.
APR and Fees
The Costco Anywhere Visa Card has a variable APR that ranges from 20.24% to 27.24%, depending on your creditworthiness.
It also charges a 3% fee for foreign transactions, which can make it less ideal for those who travel abroad frequently.
The card comes with no annual fee, as long as you maintain a Costco membership. There may be late payment fees and returned payment fees of up to $40.
How to apply for the Costco Anywhere Visa Card
Applying for the Costco Anywhere Visa Card is easy, but you must be a Costco member to qualify. Here’s how to apply:
- Visit the Application Page: Go to the official Costco website or the Citi website.
- Provide Your Information: You’ll need to provide personal information, such as your name, address, income, and social security number to determine your eligibility.
- Review the Terms: Make sure to review the card’s APR, fees, and rewards structure before submitting your application to ensure it fits your spending habits and needs.
- Submit Your Application: Once you’ve reviewed the terms and filled out your information, submit your application. If approved, you’ll receive your Costco Anywhere Visa Card and can start earning rewards immediately.
