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Apply online for Costco Anywhere Visa® Card by CitiSponsored card
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Excellent

Costco Anywhere Visa® Card by Citi Review

Pros & Cons

  • At 4% cash back, the gas rewards rate is among the highest out there. You also earn 3% at restaurants and on travel purchases, 2% at Costco and Costco.com and 1% on all other purchases.
  • Combine this card with an Executive Membership at Costco to earn even more cash back.
  • Enjoy an introductory 0 percent APR on purchases for the first seven months after opening an account.
  • Rewards redemption is automatic and only occurs once a year. If you're looking for more flexibility with your rewards, check out another card, like Chase Freedom®, that offers cash back at wholesale clubs.

Top Features

Cash Back on Gas
4% for the first $7,000 per year
Cash Back on groceries
2% on all purchases from Costco and Costco.com
Cash Back on other
1%
Annual Fee
$0

Full Review

Brooklyn Lowery Site Editor

Costco Anywhere Visa® Card by Citi Essentials

Bulk shopping enthusiasts rejoice; the Costco Anywhere Visa® Card by Citi (Citi is a CardRatings advertiser) is a cash-back credit card designed to reward you for your love of giant jars of pickles and enough paper towels to last a year as well as your everyday needs like a tank of gas.

Exclusively for Costco members, Costco Anywhere Visa® Card by Citi cardholders earn cash rewards at Costco, as you'd expect, but also on all their other purchases.

Here's how the rewards categories break down with the Costco Anywhere Visa® Card by Citi:

  • Gas: Earn 4 percent cash back on gas purchases worldwide, including gas at Costco, for up to the first $7,000 per year in spending (1 percent after that).
  • Restaurants and travel: Earn 3 percent cash back on restaurant purchases and eligible travel purchases worldwide, including airfare, hotels, car rentals, travel agencies, cruise lines and Costco Travel.
  • Costco: Earn 2 percent cash back on all other purchases from Costco and Costco.com.
  • All other purchases: Earn 1 percent back on all other purchases.

The Costco Anywhere Visa® Card by Citi also features an introductory 0 percent APR for seven months on purchases, meaning it could be a great option if you have a big purchase on the horizon (particularly if that purchase is from Costco) and want a few extra months to pay it off interest-free.

What Our Editors Like Most About the Costco Anywhere Visa® Card by Citi

The Costco Anywhere Visa® Card by Citi certainly lives up to its name; you really can earn cash back rewards anywhere with this card.

And those rewards aren't skimpy. Earning 4 percent cash back on eligible gas purchases worldwide, up to $7,000, including gas at Costco, is a great deal for families driving all over town for after-school activities or individuals who commute long distances for work. And because it covers international locations, even family members away on business trips or vacations can earn rewards when filling the tank. It's actually among the best rewards levels out there when it comes to gas.

With the 3 percent cash back for restaurants, airfare, hotels, car rentals, travel agencies and cruises, and Costco Travel, the Costco Anywhere Visa® Card by Citi has the rest of your family vacation or business travel expenses covered as well.

The 2 percent cash back rewards on all other purchases at Costco or Costco.com is not bad either. Plus, if you happen to be a Costco Executive member, you'll effectively earn 4 percent back – 2 percent with your card and 2 percent as an executive member. (Sounds like a great excuse to buy your ketchup by the gallon).

Lastly, the 1 percent cash-back rewards on all the other purchases is an expected broad rate with tiered cash-back credit cards, so this card has great potential to earn you serious cash back.

Costco Anywhere Visa® Card by Citi cardholders receive their cash-back reward annually in the form of a reward certificate mailed to your home with your February billing statement. The reward certificate, which will include all your eligible cash back on purchases made from January through December of the previous year, can be redeemed for purchases at Costco or Costco.com through December of the year in which it is issued.

You can redeem your certificate in entirety to cover a Costco purchase (think of it almost like a gift card in this case) or you can use it for a small purchase and receive the remaining balance in cash at a Costco checkout. It's an extra step beyond simply requesting cash back, but it is possible to get cash back in your wallet with the Costco Anywhere Visa® Card by Citi.

Potential Downsides of the Costco Anywhere Visa® Card by Citi

Perhaps the greatest drawback is the lack of flexibility when it comes to redeeming your rewards. You'll need to wait until February of each year to redeem your cash rewards from the previous year's purchases and the only way to redeem that cash back is through the aforementioned rewards certificate you'll receive in the mail.

Card customers looking for a speedier, more efficient way to redeem cash rewards may want to consider other cash-back cards that allow ongoing rewards redemption or redemption directly into a checking or savings account.

Additionally, with a 3 percent fee for foreign transactions, the Costco Anywhere Visa® Card by Citi likely isn't the card to pack for your next overseas trip unless you plan to shop exclusively at Costco during your travels – there are no foreign transaction fees charged when you shop at Costco locations worldwide.

And, while the card doesn't technically have an annual fee of its own you do need to be a Costco member to apply for the card, which means that you'll pay the warehouse membership fee annually, $55 for Gold Star membership or $110 for Executive Membership.

How the Costco Anywhere Visa® Card by Citi Compares to Other Cash-Back Cards

Costco Anywhere Visa® Card by Citi vs. Chase Freedom®

Chase Freedom® is an annual-fee-free rotating categories cash-back rewards card. It isn't specific to Costco, but that doesn't mean you can't rake in some serious rewards by using it there.

Generally, Chase Freedom® offers cardholders 5 percent cash back on up to $1,500 spent in quarterly bonus categories that have included everything from restaurants to Amazon.com purchases in the past (and more). Through the end of 2016, however, Chase Freedom® cardholders will also earn 5 percent cash back on purchases made at wholesale clubs, like Costco, BJ's and Sam's Club, on up to $1,500 in spending quarterly when combined with the other bonus category purchases. You earn 1 percent on all other purchases and after reaching the quarterly cap.

If you primarily shop at Costco or spend disproportionately at gas stations, restaurants or on travel, you'll likely earn more cash back with the Costco Anywhere Visa® Card by Citi, but if you like the idea of earning 5 percent back in categories that rotate, Chase Freedom® probably makes more sense.

Costco Anywhere Visa® Card by Citi vs. Bank of America® Cash Rewards Credit Card

The Bank of America® Cash Rewards Credit Card features no annual fee and the opportunity to earn 3 percent back at gas stations and 2 percent at grocery stores and wholesale clubs like Costco and Sam's Club on up to the first $2,500 in combined grocery/wholesale club/gas purchases each quarter. All other purchases earn 1 percent cash back.

While your rewards rate on Costco purchases is the same with the Bank of America® Cash Rewards Credit Card as with the Costco Anywhere Visa® Card by Citi, there is a spending cap to consider with the Costco card. Furthermore, your rewards are higher on your gas purchases with the Costco Anywhere Visa® Card by Citi (4 percent) and you can be rewarded with 3 percent cash back for eating at restaurants or traveling, both of which only earn 1 percent cash back on the Bank of America® Cash Rewards Credit Card.

Still, the Bank of America® Cash Rewards Credit Card offers flexibility when it comes to when and how to redeem your rewards and you can use the card to earn bonus rewards at Costco and other wholesale clubs as well as on your everyday grocery purchases. This decision likely comes down to your loyalty to Costco and whether you're comfortable redeeming rewards only annually. 

Costco Anywhere Visa® Card by Citi vs. Sam's Club MasterCard

The comparison and decision between these two cards likely comes down to your loyalty. Still, if you're debating which warehouse club to join and want to look at their respective credit cards for reference, here's the deal:

As with the Costco Anywhere Visa® Card by Citi, the Sam’s Club® Mastercard® offers members tiered cash-back rewards based on the category in which they do their spending; however the cash back on gas station purchases is slightly higher at 5 percent of each purchase on up to $6,000 spent annually, as compared to 4 percent on up to $7,000 in rewards with the Costco card. If you cap out your gas purchases with the Costco card, you'll earn $280 back; with the Sam’s Club® Mastercard®, you'll earn $300 back annually.

With the Sam's Club MasterCard, you also earn 3 percent cash back on dining and travel and 1 percent cash back on all other purchases, but you don't earn any kind of bonus cash back for your Sam's Club purchases. If you're looking for a card to reward all the shopping you do at a warehouse club, you'll probably be better off with the Costco Anywhere Visa® Card by Citi.

Who Should Get this Card?

The best candidates for the Costco Anywhere Visa® Card by Citi are people who are already familiar with wandering the aisles of Costco, munching on samples and looking for 30-pound bags of rice. Additionally, you'll need to be ready to use the card thoughtfully at gas stations, restaurants and on travel as well if you want to fully realize the rewards potential. If you're someone, however, who spends in a wide variety of categories and not necessarily all that often at Costco, you're likely better off with a flat-rate rewards card instead.

This page was last updated on August 02, 2017

This card compared to other cash back cards

Cash Back on Gas
4% for the first $7,000 per year
1-5%
Unlimited 1.5% cash back
Cash Back on Groceries
2% on all purchases from Costco and Costco.com
1-5%
Unlimited 1.5% cash back
Cash Back on other
1%
Earn 5% cash back at Amazon.com and Target now through December 2017, on up to $1,500 in purchases when you activate. Plus, 1% cash back on all other purchases.
Unlimited 1.5% cash back
Purchase Intro
APR:
0%*
Period:
7 months
APR:
0%
Period:
14 months
APR:
0% Intro APR on Purchases
Period:
for 15 months
Purchase APR
16.24%* (Variable)
11.99% - 23.99% Variable 
15.99%-24.74% Variable 
Rates and Fees
CardRatings.com Editorial Staff

Costco Anywhere Visa® Card by Citi details

Rewards
4% cash back on eligible gas for the first $7,000 per year and then 1% thereafter; 3% cash back on restaurants and eligible travel purchases; 2% cash back on all other purchases from Costco and Costco.com; 1% cash back on all other purchases
Bonus Rewards
Exclusively for Costco Members: Go Big with Cash Back Rewards
Purchase Intro
APR:
0%*
Period:
7 months
Purchase APR
16.24%* (Variable)
Annual Fee
$0

What Citi says about this card

  • Exclusively for Costco Members: Go Big with Cash Back Rewards
  • 4% cash back on eligible gas for the first $7,000 per year and then 1% thereafter
  • 3% cash back on restaurants and eligible travel purchases
  • 2% cash back on all other purchases from Costco and Costco.com
  • 1% cash back on all other purchases

Credit Card Consumer Average Ratings:

Overall Ratings
Reward Program
Card Benefit
Customer Service

Credit Card Consumer Reviews:

  1. Overall Ratings:
    Reward Program:
    Card Benefit:
    Customer Service:
    Bill ( Feb 14, 2017 at 11:15 am)

    Sounded good ! Got the card. Within 30 days, had 6 Fraudulent charges on the account. They reversed the charges. Next statement, 5 more Fraudulent charges. They reversed charges, canceled the card and issued a new card. Next Statement, 5 more Fraudulent charges, on the newly issued card ! Unbelievable ! I called, and they reversed the charges. After a total of more than 3 hours on the phone with them, trying to resolve all of these fraudulent charges, I canceled the card. All of this was in only 3 short months !


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Highlighted offers
Currently available on the Costco Anywhere Visa® Card by Citi
Exclusively for Costco Members: Go Big with Cash Back Rewards

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Apply online for Discover it® - Cashback Match™

Discover it® - Cashback Match™

  • Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
  • INTRO OFFER: Discover will match ALL the cash back earned at the end of your first year, automatically.
  • Redeem your cash back for any amount, any time. Cash rewards never expire.
  • Use your rewards instantly at Amazon.com checkout.
  • No annual fee.
Credit Needed:
Excellent, Good
Apply online for Chase Freedom Unlimited®

Chase Freedom Unlimited®

  • Unlimited 1.5% cash back on every purchase - it's automatic
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.99-24.74%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • No annual fee
Credit Needed:
Excellent/Good