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Costco Anywhere Visa® Card by Citi

Cash Back
+510 Deal Score
1,930,817 Views
Update: This popular deal is still available

Citi is offering the Costco Anywhere Visa® Card by Citi for Costco Members.

  • Discover one of Citi's best cash back rewards cards designed exclusively for Costco members
  • 4% cash back on eligible gas and EV charging purchases for the first $7,000 per year and then 1% thereafter
  • 3% cash back on restaurants and eligible travel purchases
  • 2% cash back on all other purchases from Costco and Costco.com
  • 1% cash back on all other purchases
  • No annual fee with your paid Costco membership and enjoy no foreign transaction fees on purchases
  • Receive an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico


Rates & Fees

Read our review on the Costco Anywhere Visa® Card

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Original Post

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Edited January 3, 2024 at 09:15 AM by
Citi is offering the Costco Anywhere Visa® Card by Citi for Costco Members.

  • Discover one of Citi's best cash back rewards cards designed exclusively for Costco members
  • 4% cash back on eligible gas and EV charging purchases for the first $7,000 per year and then 1% thereafter
  • 3% cash back on restaurants and eligible travel purchases
  • 2% cash back on all other purchases from Costco and Costco.com
  • 1% cash back on all other purchases
  • No annual fee with your paid Costco membership and enjoy no foreign transaction fees on purchases
  • Receive an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico


Rates & Fees

Read our review on the Costco Anywhere Visa® Card

Slickdeals may be compensated by Citi.
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Created 03-24-2016 at 09:06 AM by leehg69
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I'm sure it's been mentioned and buried but extended warranty benefit goes away next month which sucks
Uhh yeah I have an Amex, this is not true lol
I'm sure citi fought hard in the bidding process to beat Amex to get the Costco account. Part of the terms were probably to offer better benefits for the customer....

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CosmologicalConstant
09-11-2020 at 04:18 PM.
09-11-2020 at 04:18 PM.
Quote from Knightshade :
It's two... one free, the other the small AF I mentioned...

The BoA Premium Rewards Card gives you for the $95 fee a $100 airline credit and several other perks (this year a $50 restaurant credit for example), plus you get 2.625% cash back on non-category spend and 3.5% specifically on travel/dining (though if you travel significantly there's better choices for travel/dining spend)

Combine with:

The BoA Cash rewards card (no annual fee) which gives you 3.5% on grocery stores and wholesale clubs, and 5.25% on a category of your choice (gas stations, online shopping, dining, travel, drug stores, or home improvement/furnishing stores)

There's also a (also free) business version of the cash card where you can have a DIFFERENT 5.25% category (choices there are gas, office supply stores, travel, tv/telecom and wireless, computer services, and business consulting).

Even better, that 5.25% category? You can change it on each card each month. On each of the 2 different cash cards.


Again all of the above assume you have top tier status with BoA (Platinum Honors- which is usually most easily gotten via throwing some retirement $ into an IRA at ML)



Folks who travel significantly can still beat these reward rates in many cases using the Chase or Amex ecosystems (or in rare cases the Citi one with TYP).... but for cash back folks the BoA/Plat Honors setup is pretty good- leverage that plus the 5% freedom and discoverIT (or 10% if you churn discover) cash back quarterly categories and you're pretty well covered.
Do BOA cards offer the following?
extended warranty
care rental insurance
protection from damage and theft (usually 90 to 120 days on many cards)
trip cancellation insurance

I couldn't find it from their web site which hardly says anything about the features of their cards.
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Knightshade
09-11-2020 at 05:49 PM.
09-11-2020 at 05:49 PM.
Quote from dravid :
Do BOA cards offer the following?
extended warranty
care rental insurance
protection from damage and theft (usually 90 to 120 days on many cards)
trip cancellation insurance

I couldn't find it from their web site which hardly says anything about the features of their cards.


BoA cards are great for cash back rewards- meaning they're not where you'd usually go if you're someone who travels to the point you care about car rental insurance or trip cancellation insurance (you'd instead be in the Chase ecosystem and using your CSR for that stuff because the value of rewards if used for travel beats the hell out of the value of cash back rewards typically)


But if you do anyway- yeah the premium rewards card has all the things you asked about-

Good summary of benefits here:
https://millionmilesecrets.com/gu...-benefits/


However, like nearly all personal cards other than the CSR and CSP (or Amex if you pay additional money per rental) the rental car coverage is secondary to your own personal car insurance.
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CosmologicalConstant
09-11-2020 at 07:24 PM.
09-11-2020 at 07:24 PM.
Quote from Knightshade :
BoA cards are great for cash back rewards- meaning they're not where you'd usually go if you're someone who travels to the point you care about car rental insurance or trip cancellation insurance (you'd instead be in the Chase ecosystem and using your CSR for that stuff because the value of rewards if used for travel beats the hell out of the value of cash back rewards typically)


But if you do anyway- yeah the premium rewards card has all the things you asked about-

Good summary of benefits here:
https://millionmilesecrets.com/gu...-benefits/


However, like nearly all personal cards other than the CSR and CSP (or Amex if you pay additional money per rental) the rental car coverage is secondary to your own personal car insurance.
The card isn't for me but for someone else so perhaps if I give you a profile you could help me pick a card for that person.

a) Cannot afford to meet the spending requirements for a bonus from a premium card so that is out of the question. Now that we got that out of the way:
b) Wants a cash back or rewards that also generates a cash equivalent
c) No annual fee
d) Phone insurance is good
e) Makes one foreign trip a year so not having foreign exchange fees is a plus
f)Trip cancellation insurance is good
g) Damage and theft insurance is desirable
i) Car rental insurance would be nice but not essential

The shortlist so far is:
1) Chase Freedom Flex (checks all the boxes with the only exception that it has a 3% foreign exchange fee)
2) BOA Cash Rewards (for the higher rate of earnings based on the second tier but it may only offer cash rebates and not the other features)
3) Citi Double Cash (2% earnings but it may not offer features)
4) Costco Anytime Visa (seems to check most boxes but may not offer trip cancellation insurance, and does not offer phone insurance)

Dammit, if only the Freedom Flex offered no foreign exchange fees it would have been no brainer. Now it involves compromises. Any suggestions?
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Knightshade
09-11-2020 at 09:00 PM.
09-11-2020 at 09:00 PM.
It's pretty rare for a no annual fee card to BOTH:

Offer no foreign transaction fees
AND
Not generally suck otherwise

(For example most capital one cards)

The costco card is probably the best of the bunch that does both of those, but no phone insurance.

Of course no signup bonus either- so if he can only do a low-spend one he can get the Freedom Flex as well as the Costco card and use the Flex to cover the phone insurance (and use it for the higher bonus category spending too).


yes it requires 2 cards, but neither has an annual fee and that seems to meet all their needs.
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Dtran2009
09-11-2020 at 09:32 PM.
09-11-2020 at 09:32 PM.
Quote from Knightshade :
It's pretty rare for a no annual fee card to BOTH:

Offer no foreign transaction fees
AND
Not generally suck otherwise

(For example most capital one cards)

The costco card is probably the best of the bunch that does both of those, but no phone insurance.

Of course no signup bonus either- so if he can only do a low-spend one he can get the Freedom Flex as well as the Costco card and use the Flex to cover the phone insurance (and use it for the higher bonus category spending too).


yes it requires 2 cards, but neither has an annual fee and that seems to meet all their needs.

One of the main question should be, is he a Costco member already? If not, then he gonna have to get a membership for $60....and that could be like an annual fee. If he is a member already, then yeah this card would be good to have.
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CosmologicalConstant
09-12-2020 at 07:39 AM.
09-12-2020 at 07:39 AM.
Quote from Dtran2009 :
One of the main question should be, is he a Costco member already? If not, then he gonna have to get a membership for $60....and that could be like an annual fee. If he is a member already, then yeah this card would be good to have.
Has COSTCO membership in a round about way in the sense that the person (wanting the credit card) is a spouse of a COSTCO member and has membership only because of the COSTCO card allows for additional "household" cards. Does that count to get a Citi COSTCO Visa standalone card?

Here again is the criteria (updated)

I. Cannot afford to meet the spending requirements for a bonus from a premium card so that is out of the question. Now that we got that out of the way:
II. Has COSTCO membership in a round about way in the sense that the person (wanting the credit card) is a spouse of a COSTCO member and has membership only because of the COSTCO card allows for additional "household" cards. Does that count to get a Citi COSTCO Visa standalone card?
III) Annual spend on potential card about $7K
IV) Wants SINGLE card for all spend (no multiple cards so 1 size fits all scenario)
V) Wants a cash back or rewards that also generates a cash equivalent
VI) No annual fee
VII) Phone insurance is good
VIII) Makes one foreign trip a year so not having foreign exchange fees is a plus
IX)Trip cancellation insurance is good
X) Damage and theft insurance is desirable
XI) Car rental insurance would be nice but not essential
XII) Currently has a BOA account that would qualify for Tier 2 status at BOA.
XIII) While it is highly desirable to have a VISA for shopping at COSTCO , it is not essential as that spend could be put on an ATM card.

The shortlist so far is:
1) Chase Freedom Flex (checks all the boxes with the only exception that it has a 3% foreign exchange fee)
2) Chase Freedom Unlimited (drawbacks: doesn't offer phone coverage, has 3% foreign transaction fee but is a VISA so can facilitate COSTCO shopping)
3) Costco Anytime Visa (seems to check most boxes but may not offer trip cancellation insurance, and does not offer phone insurance)

Dammit, if only the Freedom Flex offered no foreign exchange fees it would have been no-brainer. Now it involves compromises. Any suggestions?

Also, do any Capital One cards fulfill the conditions above?
Will the Freedom Flex come with a sign on bonus?
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Knightshade
09-12-2020 at 08:25 AM.
09-12-2020 at 08:25 AM.
the "free" Cap one cards suck for reward rate though.

I mean I guess he could get one JUST for foreign transactions and use the freedom flex for anything else.

And yes Flex has a signup bonus, same as the regular freedom I think. (like 15k UR for $500 spend or something small like that)

but AFAIK secondary costco members can apply and get their own Costco visa just fine- so that'd be a better choice than the cap one card in every sense as long as they remain a costco member (Citi doesn't seem to care if you're primary or just on someone elses membership)
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CosmologicalConstant
09-12-2020 at 11:22 AM.
09-12-2020 at 11:22 AM.
Quote from Knightshade :

but AFAIK secondary costco members can apply and get their own Costco visa just fine- so that'd be a better choice than the cap one card in every sense as long as they remain a costco member (Citi doesn't seem to care if you're primary or just on someone elses membership)
Thanks and confirmed with Costco.
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CosmologicalConstant
09-12-2020 at 11:27 AM.
09-12-2020 at 11:27 AM.
Quote from Knightshade :
the
Here are a a few general questions:

Can one product change from Chase Freedom to Chase Freedom Unlimited, or is the only product change from Chase Freedom restricted to the Freedom Flex?
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Knightshade
09-12-2020 at 11:59 AM.
09-12-2020 at 11:59 AM.
Quote from dravid :
Here are a a few general questions:

Can one product change from Chase Freedom to Chase Freedom Unlimited, or is the only product change from Chase Freedom restricted to the Freedom Flex?

AFAIK you can product change freely between any UR earning personal cards that are still open to new customers- with the only restrictions being you can't have multiple sapphire cards and you typically must have already held the existing card for 1 year before product chagning.


(likewise you can freely PC between the UR earning business cards as well)
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CosmologicalConstant
09-12-2020 at 12:45 PM.
09-12-2020 at 12:45 PM.
Quote from Knightshade :
AFAIK you can product change freely between any UR earning personal cards that are still open to new customers- with the only restrictions being you can't have multiple sapphire cards and you typically must have already held the existing card for 1 year before product chagning.


(likewise you can freely PC between the UR earning business cards as well)
Separately, since Citi doesn't allow a direct conversion from "Simplicity" to "Citi Costco", could you first convert from "Simplicity" to "Double Cash" (DC) and then once that change is made switch from DC to Citi Costco. Will this involve a 1 year wait meaning if you change to DC now, it will have to be a year before Citibank will allow you to PC again (to Citi Costco)???
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CosmologicalConstant
09-13-2020 at 10:55 AM.
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echostorm
09-14-2020 at 12:37 PM.
09-14-2020 at 12:37 PM.
Best credit card for us since we do so much Costco shopping and get gas there
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JosephM7686
09-15-2020 at 04:41 PM.
09-15-2020 at 04:41 PM.
If i apply for citi costco card will it be free membership not a costco member yet
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CosmologicalConstant
09-15-2020 at 08:19 PM.
09-15-2020 at 08:19 PM.
Quote from JosephM7686 :
If i apply for citi costco card will it be free membership not a costco member yet
No, you have to buy a costco membership.
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