The Costco Anywhere Visa® Business Card by Citi is offering Costco members 4% cash back on gas purchases for up to $7,000 per year and then 1% cash back on any additional gas purchases thereafter.
In addition to the cash back on gas purchases, cardholders also has the chance to earn 3% cash back on restaurant and eligible purchases and 2% cash back on any purchases made at Costco and Costco.com.
The business Citi card also provides holders the ability to earn 1% cash back on all other purchases. All Costco members are eligible for this card and with their paid membership there is no annual fee.
Continue reading below to learn more about this card and its features.
Citi Costco Anywhere Visa Business Card Summary
Bonus Available | No sign-up bonus available for this card |
Ongoing Rewards/Benefits | Earn the following rewards:
Earn Costco cash rewards anywhere Visa is accepted Earn cash back faster by adding employees as Authorized Users. |
Foreign Transaction Fees | None |
Cash Advance Fees | Either $10 or 5% of the amount of each cash advance, whichever is greater. |
Annual Fee | No annual fee; Costco membership required |
Recommended Free Credit Score (Get Free Score)
800 – 850 (Excellent)
* The Costco Anywhere Visa® Business Card is issued by Citi Bank. They also offer great bonuses for their Checking/Savings accounts. You can also compare this card with other credit card bonuses!
* Bonus value is an estimated value calculated by BankCheckingSavings and not the card issuer.
View the latest valuations here.
Earning Costco Cash Rewards on Purchases
You can easily earn Costco Cash Rewards for purchases whenever you’re using your card account, however any returns or refunds made aren’t counted. You can earn the following:
- 4% cash back on eligible gas worldwide, including gas at Costco, for the first $7,000 per year in gas purchases and then 1% thereafter.
- 3% cash back on restaurant (including cafes, bars, lounges and fast food restaurants) and eligible travel purchases worldwide, including airfare, hotels, car rentals, travel agencies, cruise lines and Costco Travel.
- 2% cash back on all other purchases from Costco and Costco.com.
- 1% cash back on all other purchases, including the non-qualifying purchases listed above.
Redeeming Rewards
The rewards you earn with the Costco Anywhere Visa Business Card will be provided in the form of Costco Cash Rewards certificates.
The certificate can only be used for eligible in-store Costco purchases in the U.S., not online (some Costco stores may not allow alcohol purchases with rewards).
You can learn more about how you can redeem your rewards here.
Costco Anywhere Visa® Business Card Benefits
- Damage & Theft Purchase Protection: This covers you for repairs or a refund if purchases made with your card are damaged or stolen within 120 days or purchase or 90 days for New York residents.
- $0 Liability on Unauthorized Charges: You’re completely protected against unauthorized charges on your account. At Citi, you will not be responsible for a charge that you did not authorize, online or otherwise.
- Travel & Emergency Assistance: If you need assistance before or during a trip, services are available 24/7 for emergency travel arrangements, travel issues, medical and legal referrals and much more.
- Worldwide Car Rental Insurance: No matter what car you rent, anywhere in the world, you may be covered against theft or damage when you pay with your Citi card and decline the rental company’s collision loss/damage insurance.
Costco Anywhere Visa® Business Card Top Features
With 4% cash back on up to $7,000 spent on gas per year, you can easily get $280 in cash back every year. You can maximize your savings by combining this high cash back rate with the 3% cash back rate for travel expenses including airfare, hotels, car rentals, travel agencies, cruise lines, and Costco Travel.
If you have a Costco membership, this credit card will be perfect because it offers a great 2% cash back rate on all Costco purchases. No matter what you use your card for, you’ll be able to earn at least 1% cash back. Plus, this card is a Visa so it can be used almost anywhere!
Enjoy all of these great card features without having to worry about an annual fee! While you’re saving money on gas and restaurant/travel purchases, you’ll be saving even more without an annual fee.
Author’s Verdict
The Costco Anywhere Visa® Business Card by Citi is made with the frequent Costco shopper in mind. If you love to buy in bulk and have a Costco nearby, then you will benefit from this card indefinitely.
Furthermore, cardholders must visit their local Costco to redeem their rewards, which is a downfall but if you are a frequent shopper this should not be a problem. This is a great card to consider if you are already a Costco member, shop in bulk, and commute often. Find our complete list of Credit Card Promotions today!