The Costco Anywhere Visa® card by Citi is a high-ranked credit card that is issued only for Costco members and which improves daily and specific purchases. Great cashback rates on gas, dining, travel, and at Costco make this a useful tool for those who wish to save the most money.

Besides, it is a membership card of Costco; if you are the frequent client of the store, this option adds even more comfort. This card also gives awesome return on spends and is accompanied by necessary shield services, and this one has no annual fee if you are an active member of Costco.

No matter you are filling a tank of your car, eating in a restaurant, or traveling to another country, the more you know that you will be earning generous cash back on all the purchases and be protected by extensive benefits of the Costco Anywhere Visa® card by Citi.

Key information about the Costco Anywhere Visa® card by Citi

As mentioned before, the basic card that is discussed in this review is the Costco Anywhere Visa® card by Citi which is exclusive to Costco members. Namely, to become a holder of this card one has to have an active membership at this company.

How does the annual fee work?

Unlike most of the other business credit cards, the Costco Anywhere Visa® card by Citi especially for the business comes with no associated annual fees if only the cardholders are registered Costco members. This implies that while using the credit card, no extra charges will be incurred so long as one has paid a membership fee to the Costco company.

How is the credit limit determined?

In this case, the credit limit allowed to the bearer of the Costco Anywhere Visa® card by Citi depends on the analysis conducted by Citibank. This process involves certain considerations as for the credit score, income, and many other financial conditions of the customer. For conventional credit cards there exists a formulated method of floor credit limit, whereby the issuer reviews your credit history and income tallying the minimum figure as the credit limit.

Credit card benefits 

• 4% cashback on gas and EV charging: Earn 4% cashback on eligible gas and EV charging purchases worldwide, including those at Costco, up to $7,000 per year. After reaching this threshold, you’ll earn 1% cashback on these purchases.
• 3% cashback on restaurants and eligible travel: Enjoy unlimited 3% cashback on dining out and eligible travel purchases, making it ideal for frequent travelers and food enthusiasts.
• 2% cashback on Costco purchases: Earn 2% cashback on all purchases made from Costco and Costco.com, allowing you to save even more on your bulk purchases.
• 1% cashback on all other purchases: Get 1% cashback on all other purchases, ensuring you earn rewards no matter where you shop.
• No foreign transaction fees: Use your card abroad without worrying about additional fees, making it a great companion for international travel.
• Purchase protection and travel insurance: Benefit from purchase protection against damage and theft, as well as worldwide car rental insurance and travel accident insurance.

Cash back rewards program

The best thing about the Costco Anywhere Visa® card by Citi is the cashback rewards that are offered to the cardholders. The following categories offer substantial cashback opportunities, with the best rates for gasoline, eating out, and traveling. Four percent cashback on fuel and electric car charging stations is especially appealing, more so to those who use their cars often.

Also, the 3% cash-back on dining, and eligible travel makes it easier for the cardholder to save especially on their everyday and leisure spending. Due to its emphasis on features that allow cardholders to save more this rewards program makes the Costco Anywhere Visa® card by Citi the ideal card to use when one wants to get the best value for their money.

Disadvantages

• High APR: The card has a variable APR of 20.49%, which can be expensive if you carry a balance.
• Limited redemption options: Cashback rewards are only redeemable at U.S. Costco warehouses, not online or elsewhere.
• Costco Membership requirement: An active Costco membership is required, adding an additional yearly fee for non-members.

High APR

Another disadvantage of the Costco Anywhere Visa® card by Citi is that variable of the purchased APR is 20. 49%. This can accrue to become a very big cost especially when one has to make balance in full each month.

That high a rate means that for the individuals, who usually carry a balance, the cost can easily negate the gains made on the cashback offers. One should have control over spending and ensure that bill payments are made to minimize interests charged.

Who can apply for this card?

To get the Costco Anywhere Visa® card by Citi you have to: be at least 18 years of age, and have a paid, valid membership on Costco at the time of application and upon usage. One cannot apply for this card without creditworthiness and thus credit score is important for the applicants.

Affordability can also be required to prove the borrower’s capacity to repay the credit. This card is issued to anyone with residential status in the U. S. A inclusive of Puerto Rico; however, it is not issued to non-U. S citizens.

How to apply for the Costco Anywhere Visa® card by Citi

By phone

If you wish to apply for the Costco Anywhere via card by Citi through the phone, then the number to dial is 1 877 261 2526. Relay and TTY services are available to the hearing-impaired individuals by dialing 711 or by other means.

The application process to be approved takes one to fill some form, give some personal information like your Costco membership number as well as pass through a credit check. Again, to get the phone number listed on the website for the application, then use the number or apply through the phone app and get a response within a minute.

Online application

To apply for the Costco Anywhere Visa® card by Citi you can do it online. To apply for the Citi or Costco credit card, go to the official website of Citi or the credit card page of Costco. You will have to sign in on the website with your Costco membership and some of the important personal and/or financial information.

The online form helps to fill the application, following the instructions indicated in the form, and receiving the answer within a few days according the status of the application. Once you get approval for your new card, it will be, delivered to you in the mail, & you can use the new card immediately as your Costco membership identification.