Costco Anywhere Visa® Card by Citi
Great for gas and EV charging
Annual fee: $0
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Updated: November 1, 2023
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High cash back rates
No annual fee
No foreign transaction fees
Costco Anywhere Visa® Card by Citi review
Updated September 13, 2022
This date may not reflect recent changes in individual terms.
Written by: Ben Luthi
- High cash back rates
- No annual fee
- No foreign transaction fees
- Redemption happens only once a year
- Requires a Costco membership
- No sign-up bonus
Costco Anywhere Visa® Card by Citi: Core features to consider
The Costco Anywhere Visa® Card by Citi offers a lucrative mix of rewards rates on everyday expenses. The credit card also has some decent travel benefits. That said, the card is restrictive with rewards redemption. And while there’s a $0 annual fee, it isn’t free either.
Cash back rates
From the beginning, cardholders will find it easy to rack up cash back with the Costco Anywhere Visa® Card by Citi. Here’s what you’ll get.
- 4% cash back on the first $7,000 spent each year on eligible gas and electric vehicle charging purchases worldwide (1% back after that)
- 3% cash back on restaurant and eligible travel purchases worldwide
- 2% cash back on all purchases at Costco and Costco.com
- 1% cash back on all other purchases
That said, the card doesn’t offer a sign-up bonus for new cardholders — something a lot of other cash back cards have.
The card doesn’t charge an annual fee, but you could say there’s an “unofficial” one because it requires that you have a Costco membership.
An annual membership for Costco costs $60 or $120, depending on which tier you want. If you’re going to shop at Costco and pay that fee regardless, it may not bother you. But if you’re paying the annual membership fee just to carry the card, it may not be worth it.
Unlike other top cash back credit cards that may allow you to redeem your hard-earned rewards once you hit a set amount — or even whenever you want — this card only pays out your cash back once a year.
And instead of getting a statement credit or a direct deposit to your checking account, you’ll receive a rewards certificate, which you can redeem for cash or merchandise at Costco warehouses in the U.S.
These extra hoops may make some cash back enthusiasts run the other direction. But if you don’t mind waiting and letting your rewards pile up — and don’t mind the limited redemption options — it may not matter.
No foreign transaction fees
The Costco Anywhere Visa® Card by Citi doesn’t charge any foreign transaction fees, which is uncommon among many top cash back credit cards.
So whether you’re traveling domestically or abroad, this card is a worthy travel companion.
Other card details to know
Beyond the Costco Anywhere Visa® Card by Citi’s standout features, there are a few other things to know before you apply.
- The card can act as your Costco membership ID to get you in a warehouse’s front door.
- If you close the card or your Costco membership, you’ll forfeit any cash back you earned for the year.
- You’ll also get purchase protection.
- The card has a variable 20.49% APR on purchases and balance transfers.
Who this card is good for
The Costco Anywhere Visa® Card by Citi is an excellent choice for loyalists of the wholesale club. And because the credit card is a Visa, you won’t have to worry about having the right card when you shop there.
Lastly, it can provide a lot of value for people who travel often, especially for those who spend time abroad.
Updated: November 7, 2023
Most helpful positive review
June 12, 2023
— Credit Karma Member
Applied for this card with a 745 FICO score and got approved for $6700 cl.
Most helpful negative review
February 11, 2022
Near Zero Consumer Protection
— Credit Karma Member
The card is great because it works at Costco, outside of that, I cannot stress enough: User beware. We are NOT the sort to trigger disputes often, hardly ever in fact. But when it's for larger purchases and the merchant does not deliver AND refuses to work with us, then we have to turn to the infamous "chargeback". We had close to 400 pages of documentation when disputing including their guarantee as well as the merchants irrational responses. The case was VERY clear we were in the right. They waived it off with virtually zero explanation and refused to look into it further. $14K down the drain. Thanks Citi card. Great job protecting your customers. With over $420K put on the card in 2021 I think we have a pretty solid standing to review like this
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