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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This will boost Citi revenue quite a lot, probably not for the profit margin.
However, keep in mind that those people willing to pay $55 or $110 annual membership fee to Costco will have very low percentage/probability to not pay off their debts. So, this is quite margin safe business. It's too bad that American express lost this business after over 10 years sleeping with Costco. My AmEx monthly bill now is 3 times of other credit cards. It will be reversed after Costco starts taking Citi card.
Will the Citi card have the same/similar policy ?
The AF for Sapphire Preferred is waived the first year
and
You can ALSO transfer UR to airlines with the Ink Plus card (which also has an AF, but that one is NOT waived first year)
Yup- that's why Chase Freedom along with the CSP is so powerful
Yeah, but no bonus categories at all other than booking at starwood properties so as you say it's tough to gain points at any worthwhile rate... so really it's best to grab the sign up bonuses (35k on the personal and business cards till end of month) which will give you 78k SPG after required spend... spend 2k more to get to 80 and (so you can max the transfer bonuses) then dump the cards before the annual fees come around.
Since that's going away, I'll be using my fidelity visa (2% on all purchases) to fill the non-bonus category (quarterly bonus from chase freedom 5%, sapphire dining and travel 2%, and gas from this citi costco 4%, GC at staples from chase ink 5%).
https://www.citi.com/credit-cards...y~CostcoWC [citi.com]
Amex is garbage and greedy with the highest vendor fee the reason nobody take Amex
Right on, the a**holes. Into the potty. I hate Amex, screwed me over.
And all banks are the same. I've had trouble with all of them.
Just get the VISA. All around it it is better. Can use Anywhere in the world.
Pretty good card, it looks like
While I despise Citi, the 2% at Costco is a big plus. Add that to my 2% executive membership and it's going to be a tidy sum per year.
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Since that's going away, I'll be using my fidelity visa (2% on all purchases) to fill the non-bonus category (quarterly bonus from chase freedom 5%, sapphire dining and travel 2%, and gas from this citi costco 4%, GC at staples from chase ink 5%).
SPG amex is good card to have to because of how valuable the SPG points are (may change with the merger talk)... the card is not so great to rack up the SPG points (1 to 1) but you can transfer to 30 different airlines... 20k SPG points = 25k airlines miles (for most airlines).
The best thing about this is double dipping with Costco Executive membership and get 2% on top of the 2% from the costco citi card.
I don't really stay so much with SPG properties. So, I didnt get that card. I was thinking of getting a Discover this year. But I really like AmEx for their benefits and their support. Its so easy to deal with them compared to any other CC. That and continuing my extended warranties are the only reason I want another AmEx at this point.
The double dipping certainly helps. But it makes a big dent only if you're purchases at Costco are really high. I barely got $40 on my check this year. I am actually thinking of downgrading my membership.
Amex is garbage and greedy with the highest vendor fee the reason nobody take Amex
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