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 $7,000 combined spend per year, and then 1% thereafter.
3% cash back on restaurants and eligible travel purchases and eligible travel, including Costco Travel.
2% cash back on all other purchases from Costco and Costco.com
1% cash back on all other purchases
No annual fee with your paid Costco membership and enjoy no foreign transaction fees on purchases
Receive an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico
These responses are not provided or commissioned by the bank advertiser.
Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser.
It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
I'm sure it's been mentioned and buried but extended warranty benefit goes away next month which sucks
Uhh yeah I have an Amex, this is not true lol
I'm sure citi fought hard in the bidding process to beat Amex to get the Costco account. Part of the terms were probably to offer better benefits for the customer....
Sign up for a Slickdeals account to remove this ad.
for someone who goes to Costco only couple of times a month , will stay away from Citi card.
Will just throw in 55$ for costco membership and be done with it.
You'd have to throw in the $55 either way. Costco membership isn't included with the card.
However, if you have the Amex already and are getting the Citi card, then it is a step up in benefits vs the current Costco Amex.
$500 per month shopping/groceries plus $40 per month gas at Costco alone nets about $150 a year in cash rewards, vs. about $100 right now with the Amex.
That number scales up quickly if you use the Citi visa for dining, travel, etc. Sure you can getting better rewards (via travel with point transfers) with UR or MRP but this is just cashback for someone who might not travel that much.
You must be wondering how Citi can give higher benefits than Amex? Well it's call outsourcing. I have been loyal member of Citi and everytime I call a customer service some guy in India is on the other side. Citi is mostly Indian.
And you think Amex doesnt do that ? I have been using AMEX for 5 years now and mostly end up talking outside the US.
Yes, but unless you spend under $2500 on groceries, the Preferred makes double the money.
You mean $4000... since you'll be getting 5x on an additional $1500 with the Chase Freedom (and UR is worth more than cashback so it beats the Amex with a fee)
But even better than that is this combo-
Amex Everyday- which gives you 2.4x MR on groceries up to $6000
Plus Chase Freedom which gives you 5x UR on groceries up to $1500 for 1/4 of the year.
If you spent the max on both, $7500 for the year (which is nearly $150/wk on groceries) you'd end up with:
7500 UR
and
14,400 MR
Which is more valuable (potentially a lot more valuable) than the CB minus annual fee you're getting.
I'm sure citi fought hard in the bidding process to beat Amex to get the Costco account. Part of the terms were probably to offer better benefits for the customer....
in theory amex wanted out. no idea if its true. visa was most likely bidding to get all the Costco users
So this looks like a win win situation for consumers. No credit pulls, seamless transition, and better rewards. There has to be a con somewhere. I know, we have 1 less card for AMEX Twitter sync offers.
if so then points cards > cashback cards, and you're using entirely cashback cards right now.
I do, but I have tons of SWA miles from all the 50k signups and I have a Hyatt card that gave me two free nights. So, I do travel, but that travel is being covered by other sign up bonuses. What do you suggest?
My AmEX gets charge automatically for my Costco membership renewal and it expires this May. Not sure if anyone already asked or answered, but will Costco automatically charge my AmEx in May then I wont be able to use it after June 10. That would suck for just being able to use it for just a month or so.
2,302 Comments
Your comment cannot be blank.
Featured Comments
Sign up for a Slickdeals account to remove this ad.
Will just throw in 55$ for costco membership and be done with it.
However, if you have the Amex already and are getting the Citi card, then it is a step up in benefits vs the current Costco Amex.
$500 per month shopping/groceries plus $40 per month gas at Costco alone nets about $150 a year in cash rewards, vs. about $100 right now with the Amex.
That number scales up quickly if you use the Citi visa for dining, travel, etc. Sure you can getting better rewards (via travel with point transfers) with UR or MRP but this is just cashback for someone who might not travel that much.
Well that's awfully technical of you
But even better than that is this combo-
Amex Everyday- which gives you 2.4x MR on groceries up to $6000
Plus Chase Freedom which gives you 5x UR on groceries up to $1500 for 1/4 of the year.
If you spent the max on both, $7500 for the year (which is nearly $150/wk on groceries) you'd end up with:
7500 UR
and
14,400 MR
Which is more valuable (potentially a lot more valuable) than the CB minus annual fee you're getting.
in theory amex wanted out. no idea if its true. visa was most likely bidding to get all the Costco users
Sign up for a Slickdeals account to remove this ad.
AMEX Blue Preferred - Grocery Purchases (6%)
Penfed Visa - Gas (5%)
Costco Visa - Restaurants (3%), Costco purchases (2%)
Citi Double Cash Back - Everything else (2%)
Anything I could add to my arsenal besides Sapphire?
AMEX Blue Preferred - Grocery Purchases (6%)
Penfed Visa - Gas (5%)
Costco Visa - Restaurants (3%), Costco purchases (2%)
Citi Double Cash Back - Everything else (2%)
Anything I could add to my arsenal besides Sapphire?
Do you travel?
if so then points cards > cashback cards, and you're using entirely cashback cards right now.
if so then points cards > cashback cards, and you're using entirely cashback cards right now.
AMEX Blue Preferred - Grocery Purchases (6%)
Penfed Visa - Gas (5%)
Costco Visa - Restaurants (3%), Costco purchases (2%)
Citi Double Cash Back - Everything else (2%)
Anything I could add to my arsenal besides Sapphire?
1 point used to be worth 1¢, but they are now only worth 0.85¢ per point. This means this card actually gives you the following rates:
Gas: 4.25x cash back
Groceries: 2.55x cash back
All other purchases: 0.85x cash back
Sign up for a Slickdeals account to remove this ad.