Costco Anywhere Visa Card By Citi Review: Earn Wholesale Club And Gas Rewards
Are you a Costco fanatic like money expert Clark Howard? If so, we may have a way for you to get even more out of your wholesale club membership.
The Costco Anywhere Visa® Card by Citi carries no annual fee and can score Costco members 2% cash back on everything you buy from the wholesale giant and offers even better cash back returns on spending categories such as gas, restaurants and travel.
The Costco card is great, particularly if you are the kind of person who will say, I can use this card at this place and that card at that place,’ says Clark. You can take a card like this and really maximize your rewards with things like 4% cash back on gas.
If youre already a member anyway, I love the wholesale club cards as a no-annual-fee card option.
Clark loves this card so much that he has it in his wallet. But should you?
Heres a deeper look at the rewards card to help you determine if it is the right fit for your financial life.
What Is The Costco Anywhere Visa Card
The Costco Anywhere Visa Card is a cash back credit card that does not charge an annual fee and offers cash back rewards.
Though the card carries the wholesale clubs name, its much more than just a store card. Its cash back rewards in spending categories like gasoline and restaurants are among the best on the market.
How Can I Pay Off $3000 Fast
The best way to pay off $3,000 in debt fast is to use a 0% APR balance transfer credit card because it will enable you to put your full monthly payment toward your current balance instead of new interest charges. As long as you avoid adding new debt, you can repay what you owe in a matter of months.
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Can I Use Cabela’s Credit Card Anywhere And Earn Rewards
Answered on Jul 2, 2018
The content is accurate at the time of publication and is subject to change.
If you have a credit card with Visa or Mastercard logo on it, you can use your credit card anywhere. For example, if you have Cabela’s Mastercard credit card, all your purchases will earn 1% back in CLUB Points on purchases anywhere else Mastercard® credit cards are accepted. Points can be used for Cabela’s purchases. You can also consider cash back credit cards that are not tied to particular brands. You can redeem cash back any time, any amount. What is more, you can find offers with both 0% APR on purchases, no annual fee and cash back rewards.
Disclaimer: This editorial content is not provided or commissioned by the credit card issuer. Opinions expressed here are the author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card’s issuing bank for the terms & conditions.All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products ‘Terms & Conditions on the issuing banks’ websites.
So Can You Use A Kay Jewelers Credit Card Anywhere
The simple answer to the frequently asked question of can you use a kay jewelers credit card anywhere? is Yes and No.
Yes, you can use Kay Jewelers credit card in all Kay Jewelers walk-in jewelry store locations in the US. You can also use the Kay credit card to purchase jewelry from their online store at kay.com if you prefer. However, you can not use Kay Jewelers credit card to buy other items in any other retail store or online trading portal.
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Any Of These Offers Can Help Rebuild Your Credit
The Fingerhut credit account is popular among those with bad credit who want to build their credit histories. However, it isnt the only way.
The truth is that any credit account, if handled responsibly, will report to the agencies that create your credit score and history. Consistent on-time payments and respect for the terms of your card will put positive marks on your report. After six months to a year of stellar performance, you could be considered creditworthy enough for a card with a great rate, excellent perks, and generous limits!
Earning Points & Rewards
The currency for the rewards on this card is points, but the earning rate is expressed in percentages, just like cash back. For qualifying purchases at Best Buy, youll earn 5% back in points. Youll get 3% back at gas stations, 2% back on dining, and takeout, and 1% everywhere else.
Keep watch for the rotating rewards categories that change periodically, as you will have to activate them on your account. Best Buys most recent rotating rewards category is for 10% back on utility bills through March 2021.
Keep in mind that you can boost your rewards to 6% by earning Elite Plus status in the My Best Buy loyalty program: 1% base rate for rewards members, 4% for having the My Best Buy Visa and 1% for being an Elite Plus member. You earn Elite Plus status by spending at least $3,500 on Best Buy and non-Best Buy purchases in a calendar year.
The points system may be confusing at first glance because earning 5% back in points translates to 2.5 points per $1 spent, rather than 5 points per $1 spent. Each point is worth 2 cents, though, so 5% back in points is just like 5% cash back, except that youll get a coupon instead of cash. Heres the simplest way to think about it: For every 250 points you earn, youll earn a $5 coupon toward future Best Buy purchases.
As a cardholder, youll get various promotional financing offers lasting months to years. If you choose promotional financing, you wont earn any points for the purchase.
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Special Financing On Best Buy Purchases
The other option cardholders have with the My Best Buy Card is special financing on purchases over $199. Best Buys Flexible Financing allows members to pay off select purchases over an extended period. The timeframe for repaying purchases varies depending upon the total cost of the purchase, though there are set rules to which all cardmembers must abide:
- Monthly payment must be made
- The entire promotional purchase balance must be paid in full by the end of the special financing term
- If the entire balance is not paid, the cardholder will incur interest payment sat the regular purchase APR
Deferred Interest May Be An Option But It Comes With Potential Risk
The Best Buy cards advertise occasional “no interest if paid in full” offers , ranging between six and 36 months, which might sound attractive. But it’s important to understand what deferred interest means.
With such an offer, interest is not waived, as it would be with a true 0% intro APR promotion. Instead, a deferred-interest offer merely sets aside that interest until later.
If you pay off your purchase by the end of the deferred-interest period, you’re fine. But if you carry a balance past the end of the period even a few dollars you’ll be charged the card’s full ongoing interest rate on your entire purchase, going back to the day you made it. And the interest rate on Best Buy credit cards is high: 25.24% as of July 2020.
If you need to finance a large purchase and avoiding interest is your primary aim, consider instead .
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Can I Get Cash With My Best Buy Visa
You may be able to get cash out of an ATM with your Best Buy Visa as a cash advance, but this will be very expensive and we do not recommend it. Learn about how cash advances work here.
The information related to My Best Buy® Visa® has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.
ADVERTISER DISCLOSURE: Credit Card Insider is an independent, advertising supported website. Credit Card Insider receives compensation from some credit card issuers as advertisers. Advertiser relationships do not affect card ratings or our Best Card Picks. Credit Card Insider has not reviewed all available credit card offers in the marketplace. Content is not provided or commissioned by any credit card issuers. Reasonable efforts are made to maintain accurate information, though all credit card information is presented without warranty. When you click on any Apply Now button, the most up-to-date terms and conditions, rates, and fee information will be presented by the issuer. Credit Card Insider has partnered with CardRatings for our coverage of credit card products. Credit Card Insider and CardRatings may receive a commission from card issuers.
Bogdan Roberts Credit Cards Moderator
The only difference between the Best Buy® Credit Card and the Best Buy® Gold Visa Credit Card is that the former comes with a $0 annual fee, while the latter charges $59 as an annual fee. Your creditworthiness will determine which of the two you get approved for. Both cards offer the same rewards, which include 2.5 points / $1 at Best Buy along with 5 points/$1 on your first day purchases made on either credit card, within 14 days of account opening.
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My Best Buy Credit Card Vs Citi Double Cash Card: 18 Month Bt Offer
The Citi double cash card is considered one of the best fixed-rate cash back credit cards. The card allows its clients to earn 2% on each purchase with limitless 1% cashback when you purchase, in addition to an extra 1% as you pay for those purchases. In comparison, it matches or beats all of the rewards on the My Best Buy credit card except for shopping from Best Buy stores.
The Citi double cash card rewards cardholders with statement credit, which is flexible than the rewards certificate earned with My best buy credit card. The statement credit can be used to offset desired expenses on your credit card bill.
The Citi double cash card is relatively more flexible and adaptable compared to the Best Buy credit card.
Should You Apply For The My Best Buy Visa Card
When it comes to electronics retail cards, the My Best Buy Visa is a solid choice given the options for reward points or financing on select purchases. The addition of additional cash back anywhere Visa is accepted is a fantastic perk for such a card.
Earning 3% back on gas, groceries, and furniture stores is a great reward that is further enhanced by 2% back on dining and 1% back on every other purchase. And, if you are an Elite Plus member of the Best Buy Rewards program, youll earn 6% back on Best Buy purchases.
If you want a no annual fee rewards card to get the most out of your holiday shopping, the Best Buy Visa is an excellent choice for getting those ever-important tech gifts, as well as the dinner and all the fixings.
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Con: It Can Hurt Your Credit
The good news is that this does not have to be a con. You can apply for the Best Buy credit card without worrying that you will ruin your credit. So that you understand how the card can ruin your credit, we will discuss it. The first way is that applying for the card will cause your credit score to decrease a few points every credit card application has this affect on a credit score. Lets just say that its not this card in particular that hurts your credit its how YOU use the card.
Additionally, you can also use this card to hurt your credit by not paying on time. If you do not pay your bill on time each month, you will be reported to the major credit bureaus. This means that you will have a hit on your credit report, which will cause your score to lower. Another way that this card can affect your credit score is if you do not pay your bill in full each month. This is not to say you have to pay the full balance this means you have to pay at least the minimum amount due on the statement. Anything less will result in a credit bureau notification by the company.
Finally, you can hurt your credit with this card by keeping the balance higher than 30%. Ideally, credit scores are based on many factors. But one of those is not running up the balance of your cards. You can keep your score high by keeping your continuous balance less than 30% of your credit limit. For example, if your card limit is $5000, youll want to keep your balance at less than $1500 at all times.
Best Buy Credit Card Promotions And Sign
The Best Buy Credit Cards currently offer an additional bonus of 5% rewards on your first purchase made within the first 14 days.
That’s a total of 10% rewards for your initial Best Buy purchases. The value of this sign-up offer is dependent on how much your purchase costs.
For example, if you buy a new television from Best Buy that costs $1,500, you earn 7,500 points, which is worth a $150 certificate. This can result in significant savings on your next purchase.
However, credit cards often provide valuable sign-up bonuses in order to attract new cardholders. It may be worth more to you especially if you dont plan on making a large purchase at Best Buy right away.
In comparison, the Blue Cash Preferred® Card from American Express typically offers welcome bonuses worth hundreds of dollars. The cash back can be used for anything you want, not just Best Buy spending.
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Saving On Interest With Special Financing
The Best Buy special financing offers are dependent on how much you spend at Best Buy. Although you can avoid paying interest for as long as 24 months, this is only if you spend more than $799.
If you plan on making a smaller purchase or purchasing with different retailers, you may be better off with a card that offers a 0% introductory APR.
It is nearly as long as Best Buys longest financing offer. Plus, you dont have to spend a certain amount to take advantage of it.
Will I Get Travel And Purchase Protections With The Costco Anywhere Visa Card By Citi
Yes. Youll get worldwide car-rental insurance and travel accident insurance, as well as damage and purchase protection good for 120 days after buying something with the Costco Anywhere Visa® Card by Citi. You should have received a booklet detailing all the benefits around the time the card was issued.
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How To Make A Best Buy Credit Card Payment By Text
Another option is to pay by text. Note that your cellphone provider may charge you for sending and receiving texts. Heres how:
Can I Use My Best Buy Citi Credit Card Anywhere
There are two ways to use these cards when making purchases at Best Buy: to get 5% back in rewards, or to get deferred financing on big purchases. The My Best Buy Credit Card can only be used at Best Buy and BestBuy.com. The My Best Buy Visa card can be used anywhere Visa is accepted, and is issued by Citibank.
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How To Get The Most Of Best Buy Credit Cards
Utilize the credit card and use it to make purchases whenever you are at Best Buy and pay your balance each month or risk losing out on the benefits of your rewards. In the case of other everyday purchasing, consider pairing with a general cash-back rewards card which may offer more worthwhile rewards and would provide you more redemption flexibility.
Also, with another card, you might even have the choice to purchase Best Buy gift cards with your rewards.
Another approach of utilizing the credit card is to exploit its unique financing promotion that normally runs from 6 to 36 months with a subsidized interest rate as low as 0%. Although, you should be cautious with these offers.
Best Buy charges âdeferred interestâ, which implies, if you fail to pay off your purchases before the end of the promo period, depending on the purchase type and amount, you would have to pay interest covering all the entire purchase incurred from the date of purchase, not exactly what is left of your balance.
In case you need an extended time to take care of a major electronic buy, you are likely in an ideal situation getting a general rewards card with a basic 0% APR. Provided that you end up requiring more time to pay off, you will only need to pay interest on the remaining balance rather than the original amount.
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