Friday, August 19, 2022

Can You Use Costco Credit Card Anywhere

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What Is The Easiest Way For Me To Find Information About The Rewards I’ve Earned And The Details About My Credit Card Reward Certificate

Costco Anywhere Visa Credit Card Review 2021 – Is the Costco credit card for you?

The easiest way to find information about the rewards you’ve earned and the details about your credit card reward certificate is to visit Citi® Online or the Citi Mobile® App. After logging in online, click “View Your Reward & Certification Information” to see how much cashback you’ve earned to date based on your last statement earnings.

What Credit Score Do You Need For A Costco Citi Card

You must have excellent credit to get approved for the Costco Anywhere Visa® Card by Citi. That generally means a credit score of 720 or above. Is the Costco Anywhere Visa the best credit card for gas? If you want rewards that are more flexible than Costco rewards, see our top picks for best gas credit cards.

Fidelity Rewards Visa Signature

The Fidelity Rewards Visa Signature Card makes it easy to estimate your earning potential as you earn an unlimited 2% back it doesnt matter where you shop. You can deposit your cashback rewards into these Fidelity accounts:

  • Brokerage accounts

The annual fee is $0, but there is a foreign transaction fee of1%. Check out our full review of the Fidelity Rewards Visa Signature Card for more information.

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How To Earn Costco Anywhere Visa Card Rewards

While Costco is in the name, you can earn rewards in many other places you spend money. The Costco Anywhere Visa® Card uses a tiered rewards program, so you earn a specific percentage back on every dollar depending on the category your purchase falls into.

Here are the rewards you can earn through the Costco Anywhere Visa® Card tiered rewards program:

  • 4% back on eligible worldwide gas purchases, including at Costco, for the $7000 in purchases in year 1, then 1% back for future purchases

  • 3% back on worldwide restaurant and eligible travel purchases

  • 2% back on all Costco and Costco.com purchases

  • 1% back on all other purchases

You’ll Get More Benefits Than Just Cashback Rewards

Credit Card Review: Costco Anywhere Visa® Card by Citi

The Costco Anywhere Visa card has a solid cash back rewards program, but it’s not the only benefit you get with this store card. Cardholders also have access to travel and shopping benefits when the card is used to make purchases.

Costco Anywhere Visa card travel benefits

When you pay for your rental car with the Costco Anywhere Visa card, you can save money by waiving the rental car company’s collision damage insurance because the card offers up to $50,000 to fix or replace the car if it’s damaged in an accident, stolen, vandalized, or damaged by a natural disaster.

You, your family members, and travel companions are also covered for travel and emergency assistance coverage. This includes help to make emergency travel arrangements, getting referrals, coordinating care, and getting consultations if you are hurt outside the U.S. Emergency, and professional service costs are not covered. The card also provides worldwide travel accident insurance, covering each qualified person up to $250,000 while traveling.

You can also use the roadside assistance dispatch service in any car wherever you need it in the U.S., Puerto Rico, and the U.S. Virgin Islands. You only pay for service if you use the coverage.

Another travel perk is no foreign transaction fees, no matter where you are in the world. Other cards can charge up to 3% for foreign transaction fees, which can be a surprise for cardholders once they review their statement after a vacation abroad.

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Your Costco Purchases Won’t Earn You The Most Cash Back

Though the Costco Anywhere Visa® Card is exclusive to Costco members, you won’t earn the most cash back on Costco purchases. While gas, dining, and travel earn 3% to 4% cashback, Costco and Costco.com purchases are only eligible for 2% cashback rewards.

While that may be disappointing, most cash back credit cards restrict reward eligibility on warehouse purchases. If you are a frequent Costco shopper, 2% cashback with no limit can add up, making the Costco Anywhere Visa® Card a worthwhile card to have in your wallet.

Costco Anywhere Visa Card Review: A Credit Card For Members

If you’re considering this store card for the perks offered, here are some essential things to know about the Costco Anywhere Visa® Card before applying.

Though it’s a store card, Costco members can use the Costco Anywhere Visa card wherever Visa cards are accepted and earn rewards towards everyday purchases like gas, travel, and dining. However, the card is only offered to current Costco members. If you cancel your Costco membership, your Costco Anywhere Visa card will also be canceled.

If you aren’t a current Costco member, should you pay for the membership to get access to the Costco Anywhere Visa card? And if you are a Costco member, do the benefits and perks offered outweigh other rewards cards?

Before you apply for this store card, here are five important things to know about the Costco Anywhere Visa card:

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Reasons To Love The Costco Anywhere Visa Card

If youre a frequent Costco shopper, the Costco Anywhere Visa® Card by Citi is something to have in your wallet. Costco Anywhere offers cash back rewards that you can use to shop at the retail giant, plus a host of other benefits that make this card stand out against all the others. If you already have a Costco membership and youre looking for a credit card that complements your love of Costco deals, here are the reasons why the Costco Anywhere Visa® Card is the ultimate shopping partner.

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Do Costco Reward Certificates Expire

Costco Anywhere Credit Card Review- Waller’s Wallet

When does the credit card reward certificate expire? Your credit card reward certificate from your Costco Anywhere Visa Card expires on December 31st of the year of issuance. The certificate has no value if not redeemed in person at any U.S. Costco warehouse, including Puerto Rico, before the expiration date.

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Will My Credit Score Get Dinged Because Of This

Once the shift from American Express to Citi was complete, AmEx began reporting Costco credit card accounts as closed. Citi says it will begin reporting activity on the Costco Anywhere Visa® Card by Citi to the credit bureaus in September. As a result of the lag between those events, cardholders whose accounts have been transferred from AmEx to Citi might see their credit scores drop temporarily. When Citi reports the new account, it will show the same “origination date” or account opening date as the original AmEx. At that point, affected cardholders’ scores should go up again, all other things being equal.

Cardholders whose accounts were transferred will not see any credit score effects from a credit check. Accounts were transferred automatically from American Express, so no credit histories were pulled.

However, if you apply for a new American Express card, it’s possible that American Express will perform a hard credit pull and create a new account for you. Both will likely reduce your score.

But all of this might depend on how long you’ve had your account. Some who have Costco American Express cards that predate the TrueEarnings® Card from Costco and American Express have reported that their accounts were converted to other American Express cards without a hard credit pull. In some cases, they were even able to keep the same account number.

Pros & Cons Explained

It is important to understand the pros and cons of the Citi Costco Anywhere Visa Card and how they will affect the value of the card in addition to your user experience. Before you sign up for this card, here are some of the pros and cons you need to consider.

Pros

  • Description
  • High rewards ratesThe 4% rewards rate for gas purchases worldwide is one of the best in the market, making the Citi Costco Anywhere Visa Card ideal for people who spend a lot on gas. This card also has generous rewards rates of 3% for travel and dining, which rivals some of the most popular travel cards in the market.
  • No foreign transaction feesYou can use this card to pay for international purchases or when traveling outside the U.S. at no extra charge. This card is also widely accepted, making it a great option if you travel and want a cost-effective card.
  • No annual feeIf you are a Costco member, you do not need to pay any fee for the Citi Costco Anywhere Visa card. This means you get great value because there are no annual costs eating into your rewards.

Cons

Consider comparing the Citi Costco Anywhere Visa Card with the best rewards credit cards. This can help you find out which cards offer the most value for different spending categories.

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Costco Anywhere Visa Credit Card Review

Our editors independently research and recommend the best products and services. You can learn more about our independent review process and partners in our advertiser disclosure. We may receive commissions on purchases made from our chosen links.

The Costco Anywhere Visa card offers a generous 4% cash back on gas purchases, up to an annual spending limit, along with 3% cash back on eligible travel and restaurants, 2% cash back at Costco stores or Costco.com, and 1% on all other purchases. There’s no annual fee you just need to pay your yearly Costco membership to maintain your card account.

Does The Costco Anywhere Visa Business Card By Citi Offer Cash Back Rewards

Costco Anywhere Visa® Card by Citi Review: Earn Wholesale ...

Yes. The Costco Anywhere Visa® Business Card by Citi allows cardmembers to earn cash back rewards on everyday spending, such as office supplies, airline tickets, business lunches at restaurants, and more. You dont have to enroll in special categories like online shopping, home improvement or furnishings, or dining for example. There is also no annual fee1 with your paid Costco membership.

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How To Redeem Costco Anywhere Visa Card Rewards

Redeeming your rewards certificate from the Costco Anywhere Visa® Card is a bit more difficult than receiving it. Once you have the certificate, you can only redeem your rewards at a Costco warehouse in the US or Puerto Rico. Certificates are ineligible for redemption at:

  • Costco.com

  • On the Citi Mobile® App

  • Costco Anywhere Visa® Card account payments

When you are ready to redeem your Costco Anywhere Visa® Card rewards, you can present the printed certificate or show a virtual copy of it at checkout. The certificate barcode should be fully viewable to be scanned at the register.

You can only redeem Costco credit card reward certificates for Costco merchandise or cash. Reward certificates are ineligible for travel purchases or as a statement credit. If you make a purchase that is less than the certificate amount, you get the remaining balance in cash when you check out at Costco.

Your credit card reward certificate expires on December 31 of the year it was issued, which can make redeeming it less of a hassle if you don’t live near a Costco warehouse. If you have to make a trip for redemption, at least you can earn some cashback on your trip purchases by using your Costco Anywhere Visa® Card during your travels.

Card & Issuer Reputation

  • 3.8/5 on WalletHub customer reviews : WalletHub customer reviews allow customers to post positive, negative or neutral reviews about marketplace experiences.
  • 801/1000 on J.D Power: Citi got 801 out of 1000 available points on J.D. Power credit card satisfaction survey, lower than industry average. J.D Power offers the most comprehensive and independent study of customer satisfaction of card issuers . The study aims to help consumers and issuers to understand user opinions and ratings of the largest bands. It covers terms, benefits, services, communication, rewards and more.

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Best Credit Cards To Use At Costco In 2022

This blog has partnered with CardRatings for our coverage of credit card products. This site and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone and have not been reviewed, endorsed or approved by any of these entities.

As an Amazon Associate, I earn from qualifying purchases. More information

Who has ever left a Costco without spending at least a hundred bucks?

The answer is no one. And if youre going to spend that much, you should be earning rewards for it!

If you live near a Costco, you probably already know how valuable your membership to this warehouse club can be. Your shopping trips can be even more rewarding when you pay with a rewards credit card. However, Costco doesnt accept all credit cards for in-store purchases. Find out which ones they accept, and whether your current card is one of the best credit cards to use at Costco.

When Does The Credit Card Reward Certificate Expire

Costco Anywhere Visa® card by Citi cash rewards program

Your credit card reward certificate is issued with or near your February statement date and expires on December 31 of that year. For example, if you have a credit card reward certificate dated February 2021, you have until December 31, 2021, to redeem it in person for merchandise or cash at any Costco warehouse in the US or Puerto Rico.

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Chase Freedom Unlimited Credit Card

Unlimited 1.5% Cash Back on Most Eligible Purchases 0% APR on Purchases for 15 Months From Account Opening

Learn More

The Chase Freedom Unlimited® Credit Card is another cash-back credit card that delivers a solid rate of return on Costco purchases: unlimited 1.5% cash back.

Freedom Unlimiteds 3% and 5% bonus categories dont extend to Costco, but its unusually generous 0% APR introductory promotion good for 15 months on purchases certainly does. Few cards are better choices for financing a massive Costco spree.

See our Chase Freedom Unlimited Credit Card review for more information. Learn more about this card and find out how you can apply here.

Learn More

Discover It Cash Back Or Discover It Student Cash Back

Discover it® Cash Back* and Discover it® Student Cash Back* cardholders can take advantage of Discovers quarterly rotating 5% cash back categories upon activation. One of the current 5% cash back categories is wholesale clubs . You can earn as much as $75 cash back within that 5% category this quarter, in addition to what you earn throughout the rest of the year.

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How Will I Receive My Costco Credit Card Reward Certificate

Reward certificates are accessible in three ways:

  • Mail: If you’re not enrolled in paperless billing, your reward certificate will be issued on the last page of your February paper statement.
  • Email: If you’re enrolled in paperless, your reward certificate will be issued via email on, or shortly after, your February statement closing date.
  • Mobile app: Anyone who earned a certificate can access it via the Citi app. Shortly after your February statement closes, just log in and click “Access Certificate” to view your certificate on your mobile device.
  • No Foreign Transaction Fees

    The Citi Costco Anywhere Visa Card is Here!

    The Costco Anywhere Visa doesnt charge any . This is a huge bonus for a card with no annual fee. Since you can earn rewards on gas, restaurant and travel purchases worldwide, not having to pay a transaction fee makes this a great card to use outside of the U.S. if you dont have another travel credit card that waives those fees, as you can take advantage of the bonus categories without having to pay the fees.

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    Shopping At Costco Earns You 2 Percent Back

    Its to be expected that a Costco card would earn you rewards when you shop at its namesake. Any purchase made at Costco or on Costco.com earns you 2 percent back that you can use right back at Costco. Its like youre getting a deal on every Costco purchase.

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    What Are Some Of The Benefits That Comes With The Costco Anywhere Visa Card By Citi

    The Costco Anywhere Visa® Card by Citi provides cardmembers with some of the following benefits:

    • No matter where youre traveling, youll enjoy no foreign transaction fees on purchases1
    • Youll earn 4% cash back rewards on eligible gas credit card spending worldwide, including gas at Costco, for the first $7,000 per year and then 1% thereafter
    • You can also earn 3% cash back rewards on restaurants and eligible travel, 2% cash back on all other purchases from Costco and Costco.com, and 1% on all other purchases

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    Costco Anywhere Visa Card

    Before you can apply for the Costco Anywhere Visa card, you must be a current member of Costco warehouse. When you apply for the store card, the first piece of information you must enter is your Costco membership number.

    The annual cost is $60 for a Gold Star membership or $120 for a Gold Star Executive membership, plus sales tax, where applicable. Gold Star members get more discounts and perks on Costco services and a 2% annual reward up to $1,000 on eligible purchases at Costco and Costco Travel. These perks are in addition to any cashback rewards you earn by making purchases using the Costco Anywhere Visa card.

    With no annual fee outside the cost of Costco membership, the Costco Anywhere Visa card could be a great option. But if you are already a warehouse member at BJ’s or Sam’s Club, you have to decide if the additional membership cost is worth it.

    Capital One Venture Rewards

    Credit Card Review | Costco Anywhere Visa by Citi

    The Capital One Venture Rewards is a Visa Signature product that earns unlimited 1.25x miles on every purchase, every day. Each point is worth 1 cent for travel statement credits on booking you made in the last 90 days. You can also book upcoming trips through Capital One Travel and transfer at a 1:1 ratio to over a dozen airlines and hotels.

    It also offers a 60,000 miles when you spend $3,000 on purchases within the first 3 months of opening the account, equal to $600 in travel.

    This card is a good fit for frequent flyers as you get a Global Entry or TSA PreCheck application fee credit and two free Capital One Lounge visits per year. The annual fee is $95 and it does not charge a foreign transaction fee.

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