Eligible Citi Costco Anywhere VISA Cardholders: Gas/Electric Vehicle Charging (EV)
4% Back
($7,000/year & 1% Thereafter)
+68Deal Score
69,116 Views
Citi is offering eligibleCiti Costco Anywhere VISA Cardholders: 4% Back on Eligible Gas/Electric Vehicle (EV) Charging Purchases Worldwide (for first $7,000 per year and then 1% thereafter) when you shop using this qualifying card.
Thanks to community member(s) FrancoisP59 & dirtyherry for finding this deal
Note, must use your eligible card to make your purchase to qualify.
4% cash back on eligible gas and EV charging purchases worldwide, including gas and EV charging at Costco, for the first $7,000 per year in gas and EV charging purchases and then 1% thereafter.
Certain Non-Qualifying Purchases. You will only earn 1% cash back, not 4% for gas and EV charging purchases made at superstores, supermarkets, convenience stores and warehouse clubs other than Costco or for fuel used for non-automobile purchases
This is not a deal per say but I think people can benefit knowing that the citi/Costco Visa card now provides 4% cashback on EV charging. I believe this added benefit started around July or August because I got only 1% cashback on my June charging sessions.
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This is very cool, but the real slickdeal is charging at home with TOU rates
Seriously. Even for gas 5% (PFCU) isn't a huge amount. That's like $3ish a week. YEs it's $150 a year but not like it's thousands of $$$
For reference a M3LR has a 70kwh pack and 4% supercharging at $0.25/kwh (same price I pay at home ironically) would save you a whopping $0.70 for a full charge.
If that entices you to buy a Tesla..... uh.......
And that's not taking into account that the cash back is only usable if you have a costco membership (I think they let you cash it, and not just use it on purchases).
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This is very cool, but the real slickdeal is charging at home with TOU rates
Yup… I'm on a TOU EV rate with a super off peak which is essentially $0.08 per kWh from 10pm to 5am. That combined with my Chargepoint Flex is super slick.
I don't know where you live, but many of the supercharging locations in NY are $0.46/kWh. I experienced this first hand while driving up to Montreal just couple of weeks ago.
Lol. I guess that is one way to cut some time off the 20 year return on investment
Yep, certainly have to make the math work. I did 20 year one time lease payment and they paid for themselves in about year 8. So, not subject to these gas or electricity price spikes on personal expenses, but still pay in other ways until people start making better choices.
Note that the card still offers 3% on dining/travel and 2% at Costco. The change is just adding EV to the 4% gas category and perhaps increasing the annual limit on gas/EV from $6k to $7k.
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For reference a M3LR has a 70kwh pack and 4% supercharging at $0.25/kwh (same price I pay at home ironically) would save you a whopping $0.70 for a full charge.
If that entices you to buy a Tesla..... uh.......
And that's not taking into account that the cash back is only usable if you have a costco membership (I think they let you cash it, and not just use it on purchases).
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Yup… I'm on a TOU EV rate with a super off peak which is essentially $0.08 per kWh from 10pm to 5am. That combined with my Chargepoint Flex is super slick.
Okay.. Then $1 saved per charge on your tesla....
Lol. I guess that is one way to cut some time off the 20 year return on investment
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If I had platinum honors I wouldn't need to worry about $0.70 savings per charge.
4.5% with platinum and 3.75% with gold, funds in their brokerage acct also counts towards eligibility
Do we still gotta wait for $25 prior to redeem ? Also can you transfer to airlines ?curious
Points transfer to cash or statement credit, not sure about minimums but answers are available on Google
Could see later than 21 Aug, BofA rewards page isn't very verbose
Just checked, I can redeem as low as one cent, cheers
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Wtf are you talking about