Costco Anywhere Visa Card Overview
This Costco Anywhere Visa® Card by Citi (see rates and fees) is one of the best store credit cards on the market. If you already have a Costco membership, this card is a solid way to earn rewards on eligible gas, restaurants, eligible travel and a wide range of purchases at Costco – both in-store and online. Card Rating*: ⭐⭐⭐
*Card ratings are based on the opinion of TPG’s editors and are not influenced by the card issuer.
While plenty of cards earn transferable currency that offer rewards on groceries, wholesale clubs like Costco almost always exclude the rewards category.
While you typically won’t find the best value from most store credit cards — because they rarely have a great rewards structure or benefits — the Costco Anywhere Visa is an exception. A solid rewards structure that covers more than just Costco purchases makes it a viable option if you regularly shop at wholesalers and beyond.
TPG recommends that applicants generally have a good credit score of 740 or higher.*
*The Points Guy Credit Range is derived from the FICO® Score 8, one of many different types of credit scores. If you apply for a credit card, the lender may use a different credit score when considering your application for credit.
Unlike some store credit cards, you’re earning rewards on more than just Costco purchases — the highest bonus categories on the card are actually eligible gas stations and electric vehicle (EV) charging. Factor in the long-term savings potential of Costco Travel, and this card is a great value for families and new travelers who don’t want to add multiple points and miles cards to their wallets.
Keep in mind that you need a Costco membership to apply for the card. If you already have one or plan to get one, this card is essentially a no-annual-fee card. If you don’t shop enough at Costco to make the annual membership worth it, you can consider other card options.
Costco Anywhere Visa Advantages and Disadvantages
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Costco Anywhere Visa Welcome Offer
Unfortunately, the Costco Anywhere Visa There are currently no welcome offers. But it offers long-term benefits that still make the card worthwhile for many, especially since it charges no annual fee for those with a Costco membership.
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Costco Anywhere Visa Benefits
Aside from the benefits you get from being a Costco member, the Costco Anywhere Visa offers cardholders no foreign transaction fees.
Get cash back on Costco Anywhere Visa
This card really stands out because of its earning structure. You’ll earn 4% cash back on eligible gas and EV charging purchases (up to $7,000 a year; 1% thereafter), 3% back on restaurant and eligible travel purchases, 2% back on in-store and online Costco purchases, and 1% on everything else.
Costco offers two levels of customer membership – Gold Star ($65) and Executive ($130). If you make frequent purchases at Costco throughout the year, combining this card with an Executive Membership offers even more rewards.
Executive members earn 2% back on the first $50,000 spent each year at Costco (up to $1,000 in additional rewards), Costco.com and Costco Travel. It is stackable with rewards Costco Anywhere Visa. That means you can earn up to 5% on Costco Travel and up to 4% on other Costco in-store and online purchases (although the 2% Executive Earning does not apply to Costco gas purchases).
If you don’t shop enough at Costco throughout the year to justify an Executive Membership, getting the extra 2% back won’t make it worth buying the higher tier. But if you already shop enough at Costco to earn an Executive Membership, this no-annual-fee card is a great addition to your wallet.
RELATED: Everything you need to know about Costco Travel — and why I love it for saving money
Redeeming Cash Back on Costco Anywhere Visa
Costco cash back is redeemed once a year in the form of a reward certificate. You will receive your reward after your February billing statement closes. Once you have a reward certificate, you can redeem it for merchandise or cash at a Costco location.
Depending on the cash back amount and which Costco you redeem at, you may receive your redeemed cash in the form of a check or electronic transfer instead.
This redemption method is much more restrictive than your usual one Cash-back cards, but it’s rare for store cards to offer rewards that can be used on anything but merchandise. While it can be inconvenient to wait an entire year to receive your cash-back rewards, you can redeem them for cash that can be used on anything you want.
Which cards compete with Costco Anywhere Visa?
Even though you are getting solid returns in multiple categories with this Costco Anywhere VisaIt doesn’t make the right card for everyone. If you don’t shop at Costco regularly, or if you’re looking for a card that you can use year-round, you may want to consider other options:
- If you want more cashback on gas and groceries: This Blue Cash Preferred® Card from American Express An excellent option. You’ll earn 6% cash back on US supermarkets (up to $6,000 spent per calendar year; then 1% cash back) and select US streaming services (including Disney+), and 3% cash back on transportation and gas in the US Find a gas station, with an introductory annual fee of $0 for the first year, then $95 (see rates and fees). Cash back is earned in the form of reward dollars that can be redeemed as a statement credit or at Amazon.com checkout. For more information, read our full review of Blue Cash Preferred.
- If you want a simple earning structure: Consider Citi Double Cash® Card (See Rates and Fees). With up to 2% earned on all purchases — 1% when you make the purchase and another 1% when you pay it off — this no-annual-fee card is hard to beat. Plus, you can convert your cash-back rewards into ThankYou points that are fully transferable with another card. For more information, read our full review of the Citi Double Cash Card.
- If you want to earn travel rewards: The Chase Sapphire Preferred® Card earns 3 points per dollar spent on dining and 2 points per dollar spent on travel purchases. It has a $95 annual fee, making it a great option for anyone looking to keep their annual fee low while earning travel rewards. For more details, check out our full review of the Chase Sapphire Preferred.
For additional options, check out our full list of the best cash-back credit cards.
Read more: 5 Best Visa Cards for Costco Shopping
Is the Costco Anywhere Visa worth it?
If you have a Costco membership and regularly shop at Costco, then Costco Anywhere Visa Card A card worth considering. With a solid rewards structure that covers many purchases, including gas, restaurants, travel and Costco, this card offers good value, especially for families and new travelers.
The card offers no annual fee and additional rewards for Executive members, making it useful for those who regularly shop at Costco. However, be aware of the restrictions on how you can redeem your cash back.
The bottom line
While the redemption restrictions of the Costco Anywhere Visa can be frustrating, it has a solid earning structure and rewards for Costco loyalists — and you can always use the annual cash-back check as an unofficial travel fund that points and miles can’t. cover
Apply here: Costco Anywhere Visa
For Preferred Blue Cash rates and fees, click here.