Key features of the Costco Anywhere Visa® Card by Citi Rewards: 4% cash back on gas purchases (both at Costco and other gas stations) on up to $7,000 of spending a year, then 1% back. 3% cash back on restaurants and most travel purchases. 2% cash back at Costco and Costco.com.
Contents
- 1 What benefits does the Costco credit card have?
- 2 Is Costco membership free with Citi credit card?
- 3 Why does Costco only take Visa?
- 4 How does the Citi Costco card work?
- 5 Is it worth it to get a Costco membership?
- 6 What happens to my Costco credit card if I cancel my membership?
- 7 What is the benefit of a Costco executive membership?
- 8 Why can’t you use credit cards at Costco?
- 9 Is there an annual fee for Costco Visa card?
- 10 Why can’t I use Mastercard at Costco?
- 11 Is Costco credit card same as membership card?
- 12 Can a Costco credit card be used anywhere?
- 13 Is Costco membership a credit card?
What benefits does the Costco credit card have?
What are the benefits of the Costco Anywhere Visa® Card by Citi?
- Cash back rewards. Shopping at Costco can be more rewarding.
- No annual fee* With your paid Costco membership, there’s no annual fee for the card.
- Card convenience.
- No foreign transaction fees*
- Business owner option.
- Extended warranty.
Is Costco membership free with Citi credit card?
And there’s no annual fee beyond a yearly Costco membership. Kimberly PalmerOct 27, 2021. If you have a Costco membership, you can apply for the Costco Anywhere Visa® Card by Citi, a card with rewards as rich as the store’s baked-goods department.
Why does Costco only take Visa?
The warehouse club agreed to accept only Visa cards, and in exchange, the credit company lowered Costco’s merchant fee to a negligible less than 0.4 percent. By trimming its own costs, Costco can keep prices lower for its members. From there, Visa was happy to step in.
How does the Citi Costco card work?
Costco Anywhere Visa® Cards by Citi
- 4% cash back on eligible gas worldwide, including gas at Costco, for the first $7,000 per year and then 1% thereafter.
- 3% cash back on restaurant and eligible travel purchases worldwide.
- 2% cash back on all other purchases from Costco and Costco.com.
- 1% cash back on all other purchases.
Is it worth it to get a Costco membership?
Costco has a reputation as a paradise for thrifty and bulk-size shoppers, but having a Costco card won’t pay off for every person. Though the cheap gas, booze, and deals on bulk items can seem promising, if you’re prone to impulse shopping and wasting food, for example, a membership might not be worth it for you.
What happens to my Costco credit card if I cancel my membership?
Keep in mind that if you cancel your membership and have the Costco Anywhere Visa® Card by Citi, your credit card will also be canceled. This could have some impact on your credit score. It’s not a big deal, as it will bounce back after a couple of months.
What is the benefit of a Costco executive membership?
Executive Members earn an annual 2% Reward (up to $1,000) on qualified Costco, Costco.com and Costco Travel** purchases, as well as greater discounts on Costco Services, such as lower prices on check printing and identity protection, and free roadside assistance for vehicles covered through the auto insurance program.
Why can’t you use credit cards at Costco?
Credit cards not accepted at Costco Since Costco has a contract with Visa, shoppers can’ t use credit cards backed by the other three main networks, American Express, Mastercard or Discover, at Costco warehouses.
Is there an annual fee for Costco Visa card?
Earn Costco cash rewards anywhere Visa is accepted. Plus, no annual fee with your paid Costco membership. Cash back will be provided as an annual credit card reward certificate once your February billing statement closes, redeemable for cash or merchandise at US Costco Warehouses.
Why can’t I use Mastercard at Costco?
Costco takes all Visa credit cards, debit cards and gift cards. Costco only takes Visa cards. They won’t accept Mastercard, Discover or American Express. If you don’t have a Visa card, you’ll only be able to pay with cash, a check or a prepaid Costco Cash Card.
Is Costco credit card same as membership card?
Yes. Just like the TrueEarnings® Card from Costco and American Express, it doubles as a membership card. You can also use it to make purchases at stores other than Costco. The Costco Anywhere Visa® Card by Citi’s annual fee is $0, but to get it you have to be a Costco member, which costs at least $55 a year.
Can a Costco credit card be used anywhere?
Yes, you can use a Costco Credit Card anywhere VISA is accepted, which is pretty much everywhere that takes credit cards. Because the Costco Credit Card works wherever Visa is accepted, you can use it at 10.7 million merchants’ locations in the U.S. alone, as well as in more than 200 other countries and territories.
Is Costco membership a credit card?
The Costco Anywhere Card is a Visa® credit card. Earn cash back rewards on every purchase anywhere Visa® is accepted.
