Costco Anywhere Visa® Card by Citi Review

Snapshot

• 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
• Annual Fee: $0 with your paid Costco membership and enjoy no foreign transaction fees on purchases
• Receive an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico

Editorial Review

Pros & Cons

Pros

• Up to 4% cash back
• No annual fee (although Costco membership is required)
• Use card as your Costco membership ID

Cons

• Rewards paid once a year
• No signup bonus
• No 0% APR offers

Alternatives

The Costco card is of course best suited for those who shop at Costco. While it’s 4% cash back on gas gets a lot of attention, 2% cash back card on all purchases will likely generate higher overall rewards.

As such, the Costco card is best as a second credit card. In fact, we carry the card but don’t use it as Costco. Although it pays 2% cash back at Costco, we can do better than that without Bank of America Premium Rewards card.