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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I was wondering who bought that Volt.
You can use Any VISA, so that opens up a lot more options for people.
Citi, B&A, Chase, , so what. They're all the same idiots. Wells Fargo last month froze my checking account because I didn't make a consumer transaction for 2 years. Oh wait, the rep said 1 year, Oh wait, another rep said 10 months. LOL. I DID make transactions with PayPal withdrawling my money from my checking account via purchase's on the internet.
So, don't think a bank's name makes any difference. They're all idiots.
Some great cash backs on this new VISA card.
It'd be really cool if that's really the case.
Doug in beautiful Skagit County
Ha! Yep, one of the proud few, lol
Costco accounts for 10% of all the Amex cards issued so this is a huge hit for them. I love Amex so long as its free. Customer service is always domestic when I call in.
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You won't lose any of the cash back rewards you've already earned from your Costco card from American Express. Rewards that were not previously distributed to you will be transferred automatically to your new card on June 20, 2016, so you won't lose any of the rewards you've already earned. Your February 2017 cash back rewards coupon from Citi will include cash back rewards earned on your Costco card from American Express during 2016 that were not previously distributed to you by American Express.
If your Costco card from American Express earned Membership Rewards® points, these points will not transfer to your new card. Contact American Express with any questions.
Untrue which is why Citi bid for the contract against AmEx. It's almost the equivalent of a loss leader: Citibank knows Costco customers are a desirable demographic and betting they'll use the Citibank-issued card for purchases outside of Costco (i.e. merchant fees from non-Costco purchases) to make up for the zero or near zero merchant fee they'll extend to Costco in a similar way AmEx did.
Other thing to remember. Pl transfer all of your current credit limits to other amex card if not, the sinking amex card may carry it away..
Wait you can do that??
Anyone that thinks a credit card company wouldn't want to be in Costco customers' wallets is clueless. In the end, AmEx couldn't make it work for them, but that means they didn't try. But, it's a win for Costco members, especially those who have the Costco AmEx as their benefits will increase by 33-100% in various cash-back incentives.
Is there a foreign transaction fee? My last airfare purchase was based in Hong Kong and I was charged 3%.
Is there another credit card without an annual fee that offers higher than 3% cash back on restaurants?
With this being managed by Citi, do others also think that we can generate virtual credit card numbers for this card?
Tofu Vic
This is a pretty compelling offer, though.
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