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:
Discover one of Citi's best cash back rewards cards designed exclusively for Costco members
Earn 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.
3% cash back on restaurants and eligible travel purchases and eligible travel, including Costco Travel.
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
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:
Discover one of Citi's best cash back rewards cards designed exclusively for Costco members
Earn 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.
3% cash back on restaurants and eligible travel purchases and eligible travel, including Costco Travel.
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
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Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
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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Partially be outsourcing customer service to India. AmEx keeps it all American.
I rarely got american on customer support of amex, they all are same. Not saying american are good or indian are bad etc.. just that amex is no different
i normally use my own Amex, not Costco Amex. Should i apply Costco visa or just use visa cards i already own include: freedom, slate, prefered, diamond citi, etc.. will i get same benefits?
No, of course not. You won't get the benefits of this card, you'll get whatever benefits you're entitled to under your current VISA cards. If you want these benefits, you'll have to apply for this card (unless you're a Costco AmEx cardholder--then you'll be automatically migrated to this card.)
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.
After this announcement, is there a reason you'd carry an $85/year card? Do you buy a lot of groceries outside of Costco?
Where'd you hear this? I'd like to keep an Amex card as I really enjoy their benefits.
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.
This card has some very nice benefits, but make sure you look at where you spend money to determine if it makes sense.
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.
For existing Costco AmEx cardholders, there will be no application--your card will automatically be migrated to Citi Visa and there will be no credit pull either.
when will they start accepting VISA? i know it says June 20th for the Costco Visa but will they accept other VISA cards before that? Im thinking of my chase freedom thatll have 5% back at warehouse stores starting in April
I say at worst, once June 20th hits, just get $1500 worth of Costco Gift card from Costco to max out your "warehouse points" and then use that card to buy stuff from costco.
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.
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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.