Citicards Costco: A Comprehensive Review

Citicards Costco is a popular rewards credit card offered exclusively to Costco members. It offers a cashback rewards program with a 4% cashback rate on eligible gas purchases.

The card has no annual fee, making it an attractive option for those who want to earn rewards without paying extra.

It also offers a 3% cashback rate on restaurant and eligible travel purchases, as well as a 2% cashback rate on all other purchases.

With a 0% introductory APR on purchases and balance transfers, cardholders can enjoy a break from interest charges for a limited time.

The Costco Anywhere Visa Card by Citi offers a range of benefits that make it a valuable addition to any Costco member's wallet.

One of the standout benefits is the elevated cash back rates on specific categories, including gas stations, restaurants, and travel. You'll earn 5% cash back on gas at Costco and 4% on other eligible gas and electric vehicle charging purchases, up to $7,000 combined spend per year.

The card also offers 3% cash back on restaurants and eligible travel purchases, including Costco Travel. This means you can earn rewards on your dining and travel expenses, making it a great option for frequent travelers.

In addition to these higher cash back rates, the card also offers a flat rate of 1% cash back on all other purchases. This means you'll earn rewards on every dollar you spend, even if it's not in one of the high-reward categories.

Here's a breakdown of the cash back rates:

The card also comes with some great perks, including no annual fee with your paid Costco membership and no foreign transaction fees on purchases. This means you can use the card abroad without incurring extra fees.

With a Citi card, you can shop with more confidence thanks to Damage & Theft Purchase Protection, which covers repairs or refunds for purchases made with your card if they're damaged or stolen within 120 days.

This protection also extends to New York residents, who have 90 days of coverage. It's reassuring to know that your purchases are protected against damage or theft.

You can also instantly lock a misplaced or lost card with Citi Quick Lock, which blocks new charges and transactions right away. This feature is available through the app or online.

With the right credit card, you can shop with more confidence knowing you're protected in case of damage or theft. Damage and theft purchase protection can cover you for repairs or a refund if purchases made with your Citi card are damaged or stolen within 120 days of purchase (90 days for New York residents).

If you're planning a trip abroad, look for a card that charges no foreign transaction fees. The Costco Anywhere Visa Card by Citi charges no foreign transaction fees, making it a great travel buddy.

Having a card with worldwide car rental insurance can give you peace of mind when renting a car in a foreign country. The Costco Anywhere Visa Card by Citi offers worldwide car rental insurance.

In case of an emergency, having a card with travel and emergency assistance can be a lifesaver. The Costco Anywhere Visa Card by Citi offers travel and emergency assistance.

If you're planning a road trip, having a card with roadside assistance service can be a huge help. The Costco Anywhere Visa Card by Citi offers roadside assistance service.

Having a card that offers damage and theft purchase protection can give you peace of mind when making purchases. The Costco Anywhere Visa Card by Citi offers damage and theft purchase protection, covering you for repairs or a refund if purchases are damaged or stolen within 120 days.

Fraud protection is also an important feature to look for in a credit card. The Costco Anywhere Visa Card by Citi offers fraud protection that makes it easy to turn on or off.

Quick Lock is a feature that lets you instantly lock a misplaced or lost card to block new charges and transactions.

You can access Quick Lock in the app or online, making it easy to take control of your card's security.

The Costco Anywhere Visa Card by Citi offers a range of rewards and earning opportunities for its users. You can earn 5% cash back on gas at Costco and 4% on other eligible gas and EV charging purchases, on up to $7,000 in combined spend per year.

You'll also earn 3% cash back on restaurants and eligible travel purchases, 2% cash back on in-store and online Costco purchases, and 1% on all other eligible purchases. If you have a separate flat-rate cash-back card that earns 1.5% back or 2% back on all purchases, it may be a better choice for your spending outside of the bonus categories offered by the Costco card.

The card also offers an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico.

The Costco Anywhere Visa Card by Citi is a great choice for those who regularly buy gas, as it earns 5% cash back at Costco gas stations and 4% back on gas and EV charging purchases elsewhere.

You can earn up to $280 per year on gas alone, not including the 1% back on any purchases in the category beyond the $7,000 annual cap.

Using the card for restaurant and travel spending is also a solid choice, as it earns 3% back in both categories, with no spending cap.

Other store credit cards, like Amazon's Prime Visa, offer as much as 5% back when you shop within the brand, but the Costco Anywhere Visa Card by Citi still offers a great deal.

Consider the card's 2% cash back on Costco purchases, but be aware that many other credit cards offer higher rewards for grocery shopping at supermarkets, not wholesale clubs.

Here are the cash back rates for different categories:

If you're considering a balance transfer, be aware that there's a fee involved. The balance transfer fee is 5% of each balance transfer, with a minimum of $5.

This fee can add up quickly, so it's essential to factor it into your overall strategy. Make sure you understand how the fee will be applied to your transfer.

The balance transfer fee is a straightforward charge that's clearly disclosed. It's not a hidden cost, but rather a clear expense that you should be aware of.

The Costco Anywhere Visa Card by Citi has some great perks, but also some downsides to consider.

One of the highest rewards rates on gas purchases is a major advantage of this card. You'll earn a generous cash back rewards on dining and travel, too. Plus, there's no annual fee and no foreign transaction fees, making it a great option for international travel.

However, you will need a Costco membership to apply for this card, which can be a drawback for some people. The redemption process is also a bit inconvenient, with limited options and a requirement to redeem rewards once a year.

Here are some key pros and cons to consider:

On the other hand, some downsides to consider include:

If you're looking for alternatives to the Costco Anywhere Visa Card by Citi, there are several options to consider. The Bank of America Customized Cash Rewards credit card is a good choice, offering 3% cash back in the category of your choice, 2% cash back at grocery stores and wholesale clubs, and 1% cash back on all other purchases.

The Citi Custom Cash Card is another option, earning 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, and 1% cash back thereafter. It also offers unlimited 1% cash back on all other purchases.

The Wells Fargo Active Cash Card is a flat-rate cash-back card that earns unlimited 2% cash rewards on purchases, making it a great choice for everyday spending.

Here's a comparison of the Costco Anywhere Visa Card by Citi with similar cards: