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 $7,000 combined spend per year, and then 1% thereafter with the Costco Anywhere Visa® Card by Citi for Costco Members. No annual fee.
Details:
Slickdeals may be compensated by Citi.
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I have a Citi thank you premier card and just got off the phone asking if I can convert that card over to this card? The answer is no.
I canceled my Costco/amex credit card when it was announced the ending of the Costco/amex deal last year. I have other amex credit cards to use when I shop at Costco.
Currently, you can't apply for the citi/Costco card either. The conversion is only if you currently have the Costco/amex credit card.
Will just throw in 55$ for costco membership and be done with it.
Once you've spent $2500 on the Everyday, you've made $75 in cashback as there's no annual fee and the 3% is all credited to you. Once you've spent $2500 on the Preferred, 6% of that is $150, minus the $75 annual fee, puts you as $75. So every penny spent over $2500 is then double on the Preferred than the Everyday.
Only get the Everyday if you can't meet $2500 per year on groceries. $2500 per year is about $208 per month, or $52 per week. If you spend more than $50 on groceries per week (not at Costco & check other exceptions), the Preferred is a much better deal.
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The article you linked to points to an overall grim picture for AmEx:
-Loss of as much as 8% of total cardholder spending volume in 2015
-Expectation that AmEx will cut $1 billion in expenses this year to bolster profit margins
-They may be forced to lower their MT fee, which is what they rely more on to make money off of (vs. interest/balances)
-Weaker bargaining power as it comes to MT fees
So long term, AmEx may come out OK, but short term, it's going to be rough--especially if management doesn't prove to be top notch as Buffett expects.
After incentives, <$21K OTD. I really do love the car. For $35K, no way, but I got the 2015, get >40 mile range on nice days and 37mpg driving 70mph. March 31 we'll see what Tesla has up its sleeves.
I own amex costco truearnning since 2009
will card switch hurt my credit history?
and,
this new card counts as a new credit card account
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