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Eligible Citi Costco Anywhere VISA Cardholders: Gas/Electric Vehicle Charging (EV)
4% Back
($7,000/year & 1% Thereafter)
Citi is offering eligible Citi 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.
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
Original Post
Written by
Edited August 29, 2022
at 11:31 PM
Created 08-29-2022
at 12:48 PM
by FrancoisP59
in
Gas
(7)
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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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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).
It's never been 70kwh. It was 75 and now it's 83. Maybe not a useable 83, but it's always been more than a useable 70kwh
also, if you're going to supercharge, why not link your Costco citi card now to your account? I charge mostly at home, but if all it takes is a one time change to link your Citi card now for an extra couple %.... why not?
Look at his post history. He's usually "down" about anything involving EVs and has been for years- can't even honestly report battery size when it's widely documented.
Where's that so I know not to move there?
TOU off peak here is 2.9 cents per kwh. Not 29, 2.9.
It's less than $3 to go 300 miles for me with home charging.
I'm honestly not sure what superchargers cost locally... only ever use em for road trips (and even then usually only a single stop as I'm likely gonna have charging at any hotel or airbnb I'm driving to- and if it's further away than I can get on 2 full charges I'd probably be flying instead of driving just for time reasons)
Checking my history though I show 28 cent per kwh in South Carolina on a trip I took to Charleston, and 34 cents an hour on a stop in NC on same trip on the way back.
Anyway as to the deal-- no it won't add up to much for most... but then there's other reasons to hold this card, and if you do hold it anyway, why NOT take the extra free $ back on charging, even if it's not much?
The rate has to come from your utility.
I am able to schedule charging times in my car (2022 Kia Niro EV) or through the Kia app. The car will only charge during those times identified as super off peak by my utility per my charge schedule.
Alternatively, I can also set a charge schedule from my home level 2 charger which is a Chargepoint Flex.
Either way, just charge during the time your utility designated as off peak while you're on their TOU plan.
You may want to see if your vehicle has the ability to schedule charge times or if you buy a level 2 charger that it has the ability to charge from a schedule.
I have a 2400 sq ft ranch, and even with the most efficient central air system, for example, cooking uses up 30kwh a day during the summer, and this is with the stat set at 77 degrees.
So unless I charge more than 30kwh a day, TOU doesn't make sense. 30kwh for me is about 140 miles of driving.
The way to have it all, or course, is to get a home battery (even without solar), but the payback period on those would literally be a decade or more.
Are you charging for free all the time? Good for you.
Are you charging at home all the time? Then not for you.
Do you pay for charging so infrequently that you only get a buck back every blue moon? Close this tab and move on.
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10pm-5am is 2.9 cents (when the car charges), that's year round...
Rest of the day is divided into 4-5 "peak" hours that are like 24-34 cents depending on summer or winter (and which 4-5 hours changes between those too).... and then 12 hours of "off peak" that is like 6.5 cents per kwh... (that's M-F, weekends there's no peak time at all)
My electric bill actually went down when I got an EV and got access to this plan.
Plus, said person would already be saving 1% from literally any CC on the market, so the additional 3% is really only like $55 a year.
On the other hand however, you need to manage expectation. 4% from the maximum of $7K is $280 which you can reasonably expect to get back. The fact that the reward is in form of a certificate you can use to pay purchases at Costco is not an issue. If you're like me your are spending that much on that monthly Costco trip.
Please note that you can strategize by using your normal Costco card (if you have it) just for Costco purchases and also gas. Maybe only use this new card when charging EVs and after you hit the max on the classic Costco card?
Gosh how I miss FWF.
Citigold covers a $120 membership and savings accounts lack opportunity cost in 22.
Charging on Solar - great in theory but if you're commuting with your EV and your EV parked in a parking lot somewhere during the day, solar isn't that helpful. It works out great on weekends when I have my car plugged in and scheduled to charge when sun is glaring down on my roof, but that doesn't always happen. I also don't like to pull from my Powerwalls (70kwh battery in model 3 vs 27 kWh capacity from 2 Powerwalls) which is really for backup.
Disclaimer - I only got the Solar Roof for the looks and durability, solar was a plus.
Sun glaring is irrelevant with NEM,it's a yearly true up. Hasn't solar roof been a litany of issues for Tesla?
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Can you fill up gas anywhere or only at Costco gas stations ? Tia