Citi
Costco Anywhere Visa® Business Card by Citi
Key Features
| Annual Fee | $0.00 |
| Sign-up Bonus | No signup bonus available. |
| Rewards Rate | 1%-5% Cash Back |
| Regular APR | Purchase Rate: 18.74% - 26.74% variable APR, based on your creditworthiness. Variable APR for purchases and Citi Flex Plans subject to an APR: 18.74% – 26.74% variable APR, based on your creditworthiness. For Citi Flex Plans subject to an APR, the variable APR is 18.74% – 26.74%, based on creditworthiness. The variable APR for cash advances is 28.74%. Variable penalty APR is up to 29.99% and applies if you pay late or your payment is returned. |
| Other Fees | Minimum interest charge $0.50. Fee for foreign purchases — None. Cash advance fee either $10 or 5% of the amount of each cash advance whichever is greater. For Citi Flex Pay Plans subject to a Plan Fee, a monthly fee of up to 1.72% will apply, based on the Citi Flex Plan duration, the APR that would otherwise apply to the Transaction, and other factors. |
| Network | Visa |
About this card
The Costco Anywhere Visa® Business Card by Citi earns an overall rating of 3.5, placing it in the 'Good' category. This assessment considers its very strong earning potential in specific categories and excellent fee structure, balanced against significant drawbacks related to its APR and rewards redemption. Strengths: The card excels with its fee structure, offering no annual fee (with a paid Costco membership) and no foreign transaction fees, which are highly beneficial for businesses. The cash-back reward rates are exceptional for its niche, particularly 5% on gas at Costco and 4% on other eligible gas/EV charging, 3% on dining and travel, and 2% on Costco purchases. These rates provide substantial value for business owners who frequently spend in these categories. Additionally, it provides useful travel and purchase protection benefits, and doubles as a Costco membership card. Weaknesses: The most significant drawbacks are the very high regular variable APR (18.74% - 26.74%) and the complete absence of a sign-up bonus. For a card targeting a 'Very Good' credit tier, the APR is uncompetitive, making it an expensive option for businesses that may need to carry a balance. Furthermore, the rewards redemption process is severely restrictive: cash back is issued only once a year as a certificate, exclusively redeemable at U.S. Costco warehouses. This lack of flexibility significantly diminishes the practical value of the earned rewards. Conclusion: While the card offers compelling rewards for loyal Costco business members who spend heavily on gas, dining, travel, and at Costco, and who always pay their balance in full to avoid interest, its high APR and highly restrictive annual redemption method prevent it from achieving a higher rating. It's a solid choice for a very specific audience but falls short of being an 'Excellent' card due to these critical limitations.
Pros & Cons
What's great
- No annual fee
- High rewards rate in key spending categories
- No foreign transaction fees
- Comprehensive travel benefits
- Purchase protection
- Free FICO score access
Things to consider
- High regular APR
- No sign-up bonus
- Rewards redeemed annually
What this card offers
Rewards
- Earn 5% cash back on gas at Costco and 4% cash back on other eligible gas and electric vehicle (EV) charging with the Costco Anywhere Visa®.
- The 5% and 4% earn is on a combined $7,000 in spend per year, and then 1% thereafter.
- 3% on restaurants and eligible travel, including Costco Travel
- 2% on all other purchases from Costco and Costco.com.
- 1% on all other purchases.
Other features
- Use the Costco Anywhere Visa card as your Costco membership ID.
- Damage & theft purchase protection
- No foreign transaction fees
- Lost baggage protection
- Travel and emergency assistance
- Worldwide car rental insurance
- Travel accident insurance
- Roadside assistance dispatch service
- Your card doubles as your Costco membership card.
- Tap Your Card with Contactless Pay
- Shop safely with a contactless-chip enabled card. Just tap your card on the payment reader and go in seconds.
- Digital Wallets
- Digital Wallets let you shop with confidence in millions of places online, within apps and in stores. With digital wallets you can speed through checkout and continue to enjoy all the great benefits that come with your card.
- Damage & Theft Purchase Protection may cover you for repairs or a refund if purchases made with your Citi card are damaged or stolen within 120 days of purchase (90 days for New York residents).
- Citi® Quick Lock
- Instantly lock a misplaced or lost card with Citi Quick Lock in the app or online to block new charges and transactions right away.
- Fraud Early Warning
- Our Fraud Early Warning feature monitors your account to help detect potentially fraudulent transactions. If we notice anything suspicious happening on your account, we’ll contact you via text, email or phone call
- FICO® Score
- View your FICO® Score online anytime, without impacting your score -- plus learn key factors affecting your score. It's updated monthly and easy to find on the Citi Mobile® App and Citi® Online. Checking your score is always FREE.
- Authorized Users
- Add additional users at no cost and earn cash back faster on their purchases.
- Citi Entertainment®
- Citi Entertainment takes the once out of once in a lifetime. Get special access to purchase tickets to thousands of events, including presale tickets and exclusive experiences for the year's most anticipated concerts, sporting events, dining experiences and more.
- Global Acceptance
- Use your card everywhere life or business takes you, wherever Visa® is accepted.
Additional Notes
Redeeming Costco Cash Rewards: Cash back will be provided as an annual credit card reward certificate in February billing statements, redeemable for cash or merchandise at U.S. Costco warehouses. This offer may not be available if you leave this page. Offers may vary and this offer may not be available in other places where the card is offered.