Costco Anywhere Visa® Card by Citi review: Big savings for shoppers
Editors’ take: The gas rewards rate is one of the best out there, but you’ll only receive your rewards once per year. Despite the strong features, it’s best for frequent Costco shoppers.
Image: hands-thumbs-upGreat for gas and EV charging
Image: cashAnnual fee: $0
This content is curated by Intuit Credit Karma’s Editorial team using data from members who were approved for this card or similar cards, or who self-matched this card or similar cards. Intuit Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions. Our third-party advertisers don’t review, approve or endorse this content. Information about financial products not offered on Credit Karma is collected independently. Our content is accurate to the best of our knowledge when posted.
Here’s the average credit limit of members who matched their Costco Anywhere Visa® Card by Citi or similar cards.
% of members by credit limit range
The average credit limit for members who have matched with this card or similar cards is $5,537, with $300 being the most common.
Here’s the average credit score of members who matched their Costco Anywhere Visa® Card by Citi or similar cards.
% of members by credit score range
The average credit score for members who have matched with this card or similar cards is 687, with 817 being the most common. Note this is just one of the deciding factors when it comes to getting approved.
Member stats
Updated daily
Image: low-utilization32.4%
Average credit utilization (or what percent of the card’s credit limit is being used) of members who matched with this card or similar cards.
Image: meetup47 years
Average age of members who matched this card or similar cards.
Image: cash-give-1$95,690
Average annual income of members who matched this card or similar cards. Note: Income may be estimated for some members by Credit Karma and may differ from members’ actual incomes.
Pros and cons
Image: yesHigh cash back rates
Image: yesNo annual fee
Image: yesNo foreign transaction fees
Image: ConRedemption happens only once a year
Image: ConRequires a Costco membership
Image: ConNo sign-up bonus
Costco Anywhere Visa® Card by Citi review
Updated February 23, 2024
This date may not reflect recent changes in individual terms.
Written by: Ben Luthi
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.
Membership requirement
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.
Rewards redemption
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.
It’s especially valuable for cardholders who spend a lot on gas, restaurants and travel, and who don’t want to worry about needing to make up for an annual fee.
Lastly, it can provide a lot of value for people who travel often, especially for those who spend time abroad.
Not sure this is the card for you? Consider these alternatives.
The Costco Anywhere Visa® Card by Citi can hold its own against the competition, but it’s not the best option for everyone. If you’re not sure whether it’s right for you, consider these alternatives.
- Citi Double Cash® Card: This card is a great option for people who hate the idea of keeping track of different bonus rewards categories.
- Blue Cash Preferred® Card from American Express: The Blue Cash Preferred® Card from American Express could be for you if you spend a lot on groceries but prefer supermarkets over wholesale clubs.
Member reviews
Most helpful positive review
June 12, 2023
Easy peezy
— Credit Karma Member
Applied for this card with a 745 FICO score and got approved for $6700 cl.
Most helpful negative review
May 31, 2023
DO NOT APPLY or you will get rejected
— Credit Karma Member
I have 150k+ income, 750+ credit and more than 1 year no credit card application or any hard inquiry, Credit Carma showed Excellent, then i applied and got rejected for no reason, one hard inquiry plus -17 credit down
*Approval Odds are not a guarantee of approval. Credit Karma determines Approval Odds by comparing your credit profile to other Credit Karma members who were approved for the card shown, or whether you meet certain criteria determined by the lender. Of course, there’s no such thing as a sure thing, but knowing your Approval Odds may help you narrow down your choices. For example, you may not be approved because you don’t meet the lender’s “ability to pay standard” after they verify your income and employment; or, you already have the maximum number of accounts with that specific lender.