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
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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....
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I wish Citi stock can go to $35 again, I will buy some.
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.
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.
The key was to be an executive member at costco but purchasing everything through amex spg, get 2% for executive and then spg points at a place that only accepted amex.
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%).
Stop crying after Amex..I went to new Zeeland NOBODY was accepting Amex, I went to Hong Kong ONLY 1 vendor at the airport was taking Amex, same with Europe
Amex is garbage and greedy with the highest vendor fee the reason nobody take Amex
"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.
I don't think so, 3% is pretty high on restaurants, and 4% on gas. The cards with rotating categories will beat these for 1/4 of the year, for example Freedom offers 5% on gas right now until April 1, but I don't think there's a 4% yearly gas card for no fee.
Pretty good card, it looks like
Currently, I get 4% cash back up to $6000 on gas on my Business True Earnings card (no fee though Costco business membership required). Used to get 3% back at restaurants but they dropped that to 2% several years ago.
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.
The charge is for your Costco membership, not for your AmEx. So if you're charged in May on your AmEx, your Costco membership will then be good through May 2017.
I do not have this card, but I have a membership, if I sign up for this card when it comes out, will I also get a membership?
No. You will be signing up for just a card, unless you choose to renew your membership at the same time (and put it on this card.)
Quote
from Postal1604
:
Amex has been very aggressive to replace the Costco Amex card with their Blue card. The blue cash everyday card offers 3% at supermarkets, 2% on fuel and department stores, 1% everything else. Very disappointing when you compare it to the old Costco/Amex card.
Not really--just different categories. Costco has 3% on gas, BCE has 3% on groceries (where you can buy gift cards to chain gas stations, in addition to your regular groceries.) Costco has 2% on travel and dining, BCE has 2% on department stores and gas. Both has 1% everywhere else. So it basically comes down to which categories your spending was higher in.
The key was to be an executive member at costco but purchasing everything through amex spg, get 2% for executive and then spg points at a place that only accepted amex.
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%).
Exactly what I was doing...2% for executive + SPG points
UR transfer to airline is limited to cardholders of Sapphire card... there is an annual fee. You can easily transfer between UR accounts... then transfer out of sapphire to your airline (6-7 airlines, 2-3 hotel chains)
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.
Yes, I don't have a Sapphire, so that makes sense.
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.
Stop crying after Amex..I went to new Zeeland NOBODY was accepting Amex, I went to Hong Kong ONLY 1 vendor at the airport was taking Amex, same with Europe
Amex is garbage and greedy with the highest vendor fee the reason nobody take Amex
I recently just traveled to europe (UK, France, and Italy) and the majority of the places I went to took AMEX.
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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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