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Costco Anywhere Visa® Card by Citi
Cash Back
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:
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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
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:
Rates & Fees
Slickdeals may be compensated by Citi.
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.
Created 03-24-2016
at 09:06 AM
by leehg69
in
Credit Cards
(4)
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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.
You want to transfer the points to travel partners (hotels and airlines) where you get WAY more value out of them.
For example I booked a business class ticket from Boston to Dublin last year... this is a $3000 ticket if paying cash.
Even with a 20% bonus it would cost 250,000 UR via the portal. A value of only 1.2 cents a point
But by transferring only 50,000 UR to Avios I could buy the ticket using Avios
A value of 6 cents a point (or about 5.6 cents a point after taxes)
Note- that same plane ticket is now like 62.5k avios because they changed the reward chart... but that's still almost 5 cents a point.
The reason the values between the 3 point systems (UR, MR, and TU) varies a bit depending on how you travel is that each has different sets of airlines and hotels they can transfer to...some overlap (for example UR>MR for avios because they transfer 1:1 with UR, but 1:0.8 for MR) and some don't overlap (TU has no domestic airlines for example)
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.
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Best redemption is on business class trips.
I have the AmEx Blue Cash Preferred, which is 3% gas. I also have the Citi Double Cash (Mastercard), which is 2% on everything. I also have a Chase Freedom (Visa), which is 1% on everything.
So in comparison, the Citi Costco is only 1% more on gas (4% Citi Costco vs. 3% AmEx Preferred), 1% more on restaurants (3% Citi Costco vs. 2% Citi Double Cash), and 1% more on Costco (2% Citi Costco vs. 1% Chase Freedom or any other Visa that is now accepted at Costco).
1% gas, 1% Costco, 1% restaurants? Probably not worth opening another card. Maybe good for some, but not if you already have a credit card arsenal. I will give them credit, though, as it is still an upgrade, however slight.
Best redemption is on business class trips.
I've liked my AmEx card for the benefits they give than the cash back. Better cashback is always welcome, but I would need to get another AmEx now for keeping its benefits and the extended warranties etc. They aren't even offering a good deal ona new card to entice the customers they will lose! Just the Blue Cash.
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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
The Platinum Rewards Visa Signature® Card (the one u refer to) is 5x points on gas. This has been changed to 0.85¢ per point. If you have this card you are 100% correct.
Platinum Cash Rewards Visa® Card is their other card. This card was changed recently as well to be more variable. The standard card is 3% First Year $0 then $25 fee. The Plus card needs one of the following to activate the 5% and no fee.
Qualify for Plus Cash Rewards by opening up one of the following:
Active checking account with direct deposit ($250 min.)
Equity Loan or Equity Line of Credit
Money Market Certificate or IRA Certificate
Thrifty Credit Service
Mortgage
Personal Line of Credit
Installment loan
Money Market Savings Accounts
This is the card i have, but i also have my Mortgage with them to activate the 5%. Many people will be effect by these (crappy)changes, but a true 5% card with no limits does still exist.