The Costco Anywhere Visa® Card, issued by Citi, is an exclusive credit card for Costco members, offering some of the best cashback rates on fuel, dining, and travel purchases.
What makes it even more appealing is that it charges no additional annual fee beyond the Costco membership fee, making it an attractive option for wholesale club members who want to maximize everyday rewards.
Key Features
The card is directly tied to a Costco membership. To apply, you must have an active Costco membership. There’s no separate annual fee for the card itself, meaning you only pay the yearly Costco membership cost. As a Visa card, it is accepted worldwide, not just at Costco warehouses, but at any merchant that accepts Visa.
Its cashback rewards system is highly competitive:
- 4% back on eligible gas purchases (including Costco gas stations and most others, on up to $7,000 per year, then 1% after that);
- 3% back on dining and travel worldwide;
- 2% back on Costco and Costco.com purchases;
- 1% back on all other purchases.
This mix covers everyday spending like fuel and dining, Costco shopping itself, and even travel, delivering value across multiple spending categories.
Instead of complex points or miles, members receive an annual cashback rewards certificate, redeemable at any Costco location. This makes rewards simple and straightforward, essentially cash back with no fine print.
Main Advantages
The standout feature of the Costco Anywhere Visa® Card is its generous cashback structure on frequently used categories. The 4% back on gas is rare among no-annual-fee cards, especially since it applies at most gas stations, not just Costco. For frequent drivers, this benefit alone can offset the annual Costco membership fee.
The 3% back on restaurants and travel adds significant value, as these are common expenses for families and business travelers alike. Meanwhile, the 2% back on Costco purchases works like an extra membership bonus, since you save directly on wholesale club shopping. Considering Costco memberships start at around $60 per year, many cardholders recoup this cost quickly through cashback earnings.
Another important benefit is the no foreign transaction fees policy. Since the card runs on the Visa network, it can be used abroad without extra charges, making it appealing for international travelers. Additionally, the card includes standard protections such as car rental insurance, purchase protection against theft or damage, and extended warranty coverage on eligible items.
Rates and Fees
The Costco Anywhere Visa® Card does not charge its own annual fee, but an active Costco membership is required, starting at about $60 per year for the basic tier.
As for interest, the APR on purchases and balance transfers ranges from 20.49% to 29.49% variable, depending on your credit profile. Cash advances incur a 5% fee (minimum $10). Importantly, there are no foreign transaction fees, which sets it apart from many other cards in the market.
Who Is It For?
This card is designed for Costco members, particularly those who spend heavily on gas, dining, and travel.
- Families who drive often,
- Professionals who travel for work,
- Shoppers who regularly stock up at Costco,
are the main beneficiaries. For international travelers, the lack of foreign transaction fees makes it an excellent companion card.
How to Apply for the Costco Anywhere Visa
Applications can be submitted online via Citi’s website or in person at a Costco warehouse. However, you must hold a valid Costco membership before applying. The process requires submitting personal and financial information along with a credit check. Approved members often receive credit limits aligned with their spending habits, given the card’s design for higher-volume purchases.
Is the Costco Anywhere Visa Worth It?
For Costco members, the Costco Anywhere Visa® Card by Citi is an excellent value. Its cashback program covers strategic and everyday categories like gas, dining, and travel, often delivering rewards that far exceed the annual membership cost.
The lack of an additional annual fee and foreign transaction charges further strengthens its appeal. For those who shop wholesale regularly and want to maximize returns, this is one of the most rewarding credit cards available.
All information in this and other US PIXIN articles is subject to change over time. Please check for updates directly with the institutions and companies mentioned. Approval is subject to the institution’s review.
REFERENCES:
Read more about credit cards in https://us.pixin.com.br/category/credit-cards/
