The Citi Costco Anywhere Visa Card is undoubtedly one of the most excellent reward credit cards for frequent Costco customers. We highly recommend this card to anyone who is already a Costco member because there is no yearly cost. In addition, you can save even more money by having this card. This card offers high returns on items like gas, on top of the already inexpensive pricing at Costco.
The card does not have a sign-up bonus, despite the fact that it generates excellent long-term returns. Another disadvantage is that, unlike other rewards cards, you can only redeem your benefits once a year. In contrast, other cards can transfer your rewards into your account on a regular basis. So if you’re not a Costco member or don’t shop there often, a generic cashback card with incentives that aren’t limited to one retailer might be a better option. You can check out our reviews for other credit cards here. When it comes to credit cards, you got to have all the information to make better and more informed decisions.
Who can benefit the most from the Costco Anywhere Visa card?
The Costco Anywhere Visa is a fantastic choice for Costco members with good credit who want an excellent all-around rewards card and don’t mind claiming cashback once a year. In addition, you’ll earn rewards at rates comparable to the most incredible rewards cards. This is in addition to exceptional rewards rates on petrol, travel, and dining expenditures. However, if you want more flexibility in redeeming your rewards, you should look for a different credit card. This is because your redemption possibilities have a limit. Many competitor cards provide cashback on similar routine purchases.
To get the most out of the 4% back category, use this card for all of your gas station purchases. You can also utilize it to maximize your bonus categories by using it for all dining, travel, and Costco purchases. However, you won’t get your incentives until your February billing statement is closed each year. So, if you are impatient with claiming your reward, you should look for some other credit cards.
Crucial features of the Costco Anywhere Visa card
Because you already pay an annual membership fee to be a Costco member, you can apply for the Citi Costco Anywhere Visa Card right now. Costco members will be able to get even better deals on already low-cost items thanks to a $0 yearly charge. In addition, the Citi Costco Anywhere Visa Card offers an excellent rewards rate. 4% cashback on qualified petrol for the first $7,000 each year, then 1% after that. Also, 3% on restaurants and travel, 2% at Costco and Costco.com, and 1% on all other purchases. Thus, it is evident why many regular Costco customers prefer using this credit card for everyday shopping and expenses.
The Citi Costco Anywhere Visa Card earns substantially better returns than many other credit cards in categories where it yields more than 1%. This card is one of the finest credit cards for petrol expenditures because of the 4% rewards rate. You won’t earn miles. But, the 3% rewards rate on travel exceeds some of the best travel credit cards. These allow you fewer opportunities to optimize your benefits. Also, Access to Citi Entertainment, a feature that comes standard with most Citi cards, is one of the added perks. Citi Entertainment provides VIP access to thousands of events, including presale tickets to concerts and sporting events and dining experiences.
The absence of a sign-up bonus is one minor flaw with the Citi Costco Anywhere Visa Card. Welcome bonuses aren’t crucial in the long run. But they do draw a lot of people to reward credit cards. enhancing the short-term worth significantly. For example, with the Chase Freedom FlexSM, you can get a $200 bonus after spending $500 on purchases in the first three months.
What if you just want the card and not the Costco membership?
If the Citi Costco Anywhere Visa Card appeals to you, but you aren’t a Costco member, it may be wise to sign up for the card. Costco memberships start at $60 per year and include unlimited shopping privileges at Costco locations and Costco.com. If we consider it to be the annual cost for the credit card, the question becomes whether you can still make a profit with this card. The credit card will provide you with benefits that will cover the basic membership cost if you spend $2,000 on dining alone.
Purchase protection advantages are an underappreciated feature of the Citi Costco Anywhere Visa Card. For example, you can file a claim with Citi to pay the cost of repair or a refund within 120 days of purchase (90 days for New York residents). This perk is available on all purchases, not only those made at Costco. This is one of the most beneficial aspects of this card.
However, you must be certain that you will not charge the credit card more than you can afford each month. The card’s regular annual percentage rate (APR) for balance transfers is 15.24 percent (Variable). The savings you get from this card may become worthless if you don’t pay your bill in full. So, If you don’t have any troubles paying your bills on time, this card right is for you.
Most credit cards don’t give bonus benefits at wholesale clubs. However, the Costco Anywhere Visa Card by Citi’s 2% cashback incentives at Costco and Costco.com may be enough to convince some Costco customers to get the card. In addition, bonus categories for petrol, vacation, and dining out might help sweeten the deal. So, if you are looking to get this card, there is no better time than now.