Slickdeals is community-supported.  We may get paid by brands for deals, including promoted items.
Frontpage Advertiser Disclosure

Costco Anywhere Visa® Card by Citi

Cash Back
+520 Deal Score
2,192,213 Views
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


Rates & Fees

Slickdeals may be compensated by Citi.

Original Post

Written by
Edited March 26, 2025 at 10:37 AM by
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


Rates & Fees

Slickdeals may be compensated by Citi.
Add Comment
Created 03-24-2016 at 09:06 AM by leehg69
If you take advantage of an offer on our site, Slickdeals may receive a commission.
Deal
Score
+520
2,192,213 Views
Cash Back
These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. 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.

2,302 Comments

Your comment cannot be blank.

Featured Comments

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....

Sign up for a Slickdeals account to remove this ad.

Joined Nov 2012
L3: Novice
> bubble2 273 Posts
38 Reputation
ar07
03-24-2016 at 10:34 AM.
03-24-2016 at 10:34 AM.
Quote from DorD1037 :
Can we get a solid answer on whether or not account age will be reset with the move?
Account age will not be reset.

Quote from knightex :
What will happen to my Amex Costco? Will it be disabled soon after receiving the new Citi Costco?
It will be disabled, yes. If you want to keep Amex, do a product change asap.
Reply
Joined Aug 2010
L9: Master
> bubble2 5,931 Posts
1,610 Reputation
aaba78
03-24-2016 at 10:35 AM.
03-24-2016 at 10:35 AM.
can i apply for this card if i dont shop at costco and dont have costco membership
Reply
Joined Jul 2007
ONLY ON TUESDAYS
> bubble2 599 Posts
344 Reputation
ajran122
03-24-2016 at 10:35 AM.
03-24-2016 at 10:35 AM.
If you don't renew your Costco membership, will Citi charge an annual fee for this card or cancel it?
Reply
Joined Oct 2007
L6: Expert
> bubble2 1,045 Posts
791 Reputation
BMFPitt
03-24-2016 at 10:37 AM.
03-24-2016 at 10:37 AM.
Quote :
Your reward is distributed annually via U.S. Mail in the form of a reward coupon included in your February billing statement, and is redeemable through December 31 of the year issued in a single transaction at any U.S. Costco warehouse
I was hoping that this would change to just being a credit linked to your card, like the BJs one. So much more convenient.

I'm on the fence about this. I declared Citibank dead to me back in 2009, but the 4% on gas is pretty nice. Other than that it's only 1% better than AmEx Blue Preferred which I already have, though. Considering the one quarter on Chase Freedom will be 5%, this is only worth maybe $15-20/year.

But then again, it accounts for zero net cards carried in my wallet
Reply
Joined Mar 2006
L8: Grand Teacher
> bubble2 3,243 Posts
709 Reputation
henny
03-24-2016 at 10:39 AM.
03-24-2016 at 10:39 AM.
Costco is the one and only reason I carry an Amex card.

Not much need for Amex anymore unless there's a bonus sign up offer.
Reply
Joined Jul 2006
L10: Grand Master
> bubble2 7,998 Posts
1,213 Reputation
bigbearballs
03-24-2016 at 10:41 AM.
03-24-2016 at 10:41 AM.
No hard pull or sign up bonus, this is horseshit.
Reply
Joined Mar 2005
Space Ranger
> bubble2 2,382 Posts
532 Reputation
buzzman
03-24-2016 at 10:41 AM.
03-24-2016 at 10:41 AM.
Quote from knexx :
penfed credit union has a 5% on gas cc year round, no annual.
The 5% is misleading. Its 5x points, but when you want to redeem the points, the value decreased. So I'd say it's more like 4% rather than 5%.

By the way, Penfed Amex has 5x on airline ticket purchases if purchased directly from an airline.

Both cards do not have foreign transaction fee and I believe both have CHIP-and-PIN capability.
Reply

Sign up for a Slickdeals account to remove this ad.

Joined Jan 2007
EEEEZZZZZ
> bubble2 8,145 Posts
1,035 Reputation
dadab
03-24-2016 at 10:41 AM.
03-24-2016 at 10:41 AM.
Wow, costco did a good job on negotiating the benefits for its members. Now, citi has to bring those generous deals like Amex offers. Can they? Smilie
Reply
Joined May 2009
L7: Teacher
> bubble2 2,888 Posts
888 Reputation
grueber
03-24-2016 at 10:41 AM.
03-24-2016 at 10:41 AM.
Very nice.

CYA AMEX.
Reply
Joined Nov 2014
L4: Apprentice
> bubble2 331 Posts
80 Reputation
Wietersh
03-24-2016 at 10:42 AM.
03-24-2016 at 10:42 AM.
Quote from skiumah :
After this announcement, is there a reason you'd carry an $85/year card? Do you buy a lot of groceries outside of Costco?
Interesting question.

To max out the AmEx Blue Cash Preferred groceries category for the year, you only need to spend $6,000 in groceries. That's $500 per month. That's not much. Now, this assumes that you can't fulfill all of your grocery needs at Costco, which we personally can't.

6% (AmEx Blue Cash Preferred groceries category) on 6,000 is $360. Minus $75 (annual fee) is $285. That's what you get for groceries on the AmEx Blue Cash Preferred - $285.

Since the Citi Costco doesn't cover non-Costco groceries, the best you'll get from any other combinations of cards is the Citi Double Cash 2%, along with the Discover IT/Chase Freedom rotating 5% on groceries. Generously assuming that average between the Citi Double Cash and the Discover IT/Chase Freedom cashback on groceries over the course of the year is about 3% (Citi Double Cash year-round + Discover/Chase occasional 5%), that would be $180 in groceries cash back. AmEx Blue Cash Preferred is $100 over that, even with the annual fee.

Is $100 worth it? Not sure. We currently have the AmEx Everyday, but are thinking about upgrading to the Blue Cash Preferred. No real downside if there's no credit pull. Alternatively, we could wait for the AmEx Preferred $250 sign-up and open a new account. Then you get the 6% as above, along with $250, which is basically 2.5 years worth of the card's cash back. That's probably the best option, although I would be left with a useless Blue Cash Everday. I suppose I could have my girlfriend open a Blue Cash Preferred with the sign-up and 6%, then I could upgrade mine, and then once we hit the $6,000, we can switch to the other card and also get 6%. Now we're talking, as that's basically 6% on $12,000 in groceries, which is unlimited for us as we're a young couple.

EDIT: if you go incognite/private mode, the AmEx Blue Cash Preferred still has the $250 sign-up bonus. They advertise a max of $450, as you can get 10% back at a wireless provider. Very nice if you're buying a phone in the near future.
Reply
Last edited by Wietersh March 24, 2016 at 10:47 AM.
Joined Jan 2011
L8: Grand Teacher
> bubble2 3,254 Posts
380 Reputation
Wand
03-24-2016 at 10:44 AM.
03-24-2016 at 10:44 AM.
Quote from SlidingBike :
I had a serious doubt about the credit limit carry forward from Amex to Citi.
If I had $1000 credit limit , do I get the SAME or a better(as per my credit score now) ? Not sure about it
Normally all other credit card companies will give you credit limit better than Amex.
Reply
Joined Sep 2013
L4: Apprentice
> bubble2 481 Posts
80 Reputation
ankysrulz
03-24-2016 at 10:46 AM.
03-24-2016 at 10:46 AM.
Quote from asianman35 :
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

Costco is excluded
Reply
Joined May 2010
L9: Master
> bubble2 5,633 Posts
1,532 Reputation
haserfauld
03-24-2016 at 10:46 AM.
03-24-2016 at 10:46 AM.
Quote from Wand :
Normally all other credit card companies will give you credit limit better than Amex.
Not true. All my Amex cards have higher limits than my other cards, barring my Chase business card.
Reply
Joined Jul 2006
L10: Grand Master
> bubble2 14,477 Posts
4,328 Reputation
ben_r_
03-24-2016 at 10:46 AM.
03-24-2016 at 10:46 AM.
Nice. Have to get me one of those.
Reply

Sign up for a Slickdeals account to remove this ad.

Joined May 2010
L9: Master
> bubble2 5,633 Posts
1,532 Reputation
haserfauld
03-24-2016 at 10:47 AM.
03-24-2016 at 10:47 AM.
Quote from ankysrulz :
Costco is excluded
Please provide a source.
Reply
Page 9 of 154
Start the Conversation
 
Link Copied

The link has been copied to the clipboard.