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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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 $7,000 combined spend per year, and then 1% thereafter with the Costco Anywhere Visa® Card by Citi for Costco Members. No annual fee.
Details:
Slickdeals may be compensated by Citi.
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Will just throw in 55$ 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
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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
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