Citi is offering 5% cash back rewards on gas at Costco and earn 4% cash back on other eligible gas and electric vehicle (EV) charging purchases for the first $7,000 combined spend per year, and then 1% thereafter with the Costco Anywhere Visa® Card by Citi for Costco Members. No annual fee.
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Edited August 26, 2026
at 07:51 AM
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Citi is offering 5% cash back rewards on gas at Costco and earn 4% cash back on other eligible gas and electric vehicle (EV) charging purchases for the first $7,000 combined spend per year, and then 1% thereafter with the Costco Anywhere Visa® Card by Citi for Costco Members. No annual fee.
Details:
Slickdeals may be compensated by Citi.
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Couldn't find it in the FAQs.
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I have the Penfed and love the rewards. Customer service can be slow at replying at times.
every time I call Amex I get a foreign call center. part of why I stopped using them.
I have the AmEx Blue Cash Preferred, which is 3% gas. I also have the Citi Double Cash (Mastercard), which is 2% on everything. I also have a Chase Freedom (Visa), which is 1% on everything.
So in comparison, the Citi Costco is only 1% more on gas (4% Citi Costco vs. 3% AmEx Preferred), 1% more on restaurants (3% Citi Costco vs. 2% Citi Double Cash), and 1% more on Costco (2% Citi Costco vs. 1% Chase Freedom or any other Visa that is now accepted at Costco).
1% gas, 1% Costco, 1% restaurants? Probably not worth opening another card. Maybe good for some, but not if you already have a credit card arsenal. I will give them credit, though, as it is still an upgrade, however slight.
I have costco amex, and just had chat with AMEX, they said they can convert it to AMEX blue WITHOUT HARD PULL, so you can keep your amex. But she asked me to call customer service as she can't do it over chat.
For example, if you have a Cap One or Barclays travel card, you get 2% back in points to use for travel on everything you spend. If you don't spend enough in the high return items for this new Costco visa card (gas, costco items, dining and travel), it might not be worth it. For us, we spend more than half of our credit card spending on recurring bills, healthcare, insurance, utilities, groceries and other things that would only get 1% back on this card.
If you can, pull your annual summary from 2015 on your other cards and take a look.
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I don't see much value in "extended warranties" when one buys groceries or gas anyways. Also, Costco has very generous warranty policy on most of their products.