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 guess I've been getting lucky. I always got domestic rep from Amex and never with Citi unless something gets escalated. maybe it's just my luck then or maybe the particular card. I have Premier Rewards card from Amex. It does carry a hefty $200 annual fee.
Citi will make no money on this deal and most likely loose money if everyone with the cards pays off their balance every month. The question is not about US and India customer service. It is simple math. Citi makes 2%-3% as transaction interchange fee for every transaction. They need to pay some bps back to Visa as they process the transaction. The only money here is there will be customers who will revolve their balances at 15%-20% APR which will offset the lack of revenue from transactors who don't pay any interest.
Unfortunately, Chase Ink Cash does not allow 1:1 transfer of points to airlines. For some people that is very important, and easily justifies the $95 AF. In our family we easily get the equivalent of 2-4 flights to Europe (where we go most often), or 2-3 flights to South America or Asia every year. The $95 annual fee is peanuts compared to that.
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from Knightshade
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Well, depends a bit on what type of travel you do...
Chase Ink Plus- 5x MR on internet, cell phone, cable, and office supply stores (including gift cards for other stores purchased at office supply stores) (note- downgrade this to Chase Ink Cash after you get the sign up bonus to avoid next annual fee- gets same bonus categories but 25k limit instead of 50k)
Fine but I still want a replacement AMEX card to get those occasional good deals. What are the options?
Log into your online account to see if you get the pop up for amex cash card pre approval. It doesn't pull credit history. You get same credit on your cash card. If you don't see the pop up, try connecting on incognito to check if it pops up
I have filed a claim with them fairly recently, and the service was top notch. Resolved on the spot to my satisfaction, politely and helpfully.
Can't say the same about my experiences with Citi.
Then again, I don't aspire to become "a pro" at filing claims with CC companies. I only do it when absolutely necessary and Amex has given me the least trouble.
Same here. I've had my (non-Costco) AMEX card for over a decade and only had to use their warranty claims twice that were about $100 each. Both were resolved very quickly in my favor. I did one dispute on a merchant that charged me for an item that was not received that they knew about but still charged me and AMEX handled it to my favor as well. The AMEX rep even slightly chastised me for not reporting it sooner so that she can refund me sooner.
Log into your online account to see if you get the pop up for amex cash card pre approval. It doesn't pull credit history. You get same credit on your cash card. If you don't see the pop up, try connecting on incognito to check if it pops up
are you sure there is no credit check? the rep I spoke to told me the credit account goes to citi and we get that card with no credit pull. however, for getting an Amex card it would be a new card and thus there would be a pull.
Sometimes, competing business make incredible offers to disrupt and displace the existing business. Sometimes, too incredible.
Who knows what the case was here.
As pointed out previously, AmEx depends on higher transaction fees for revenue. When the Costco contract came up, Costco didn't want to continue paying that rate (arguing from a pro-customer POV) so the breakup happened. Visa and Mastercard depend more on debt/balances carried for revenue.
Unfortunately, Chase Ink Cash does not allow 1:1 transfer of points to airlines. For some people that is very important, and easily justifies the $95 AF. In our family we easily get the equivalent of 2-4 flights to Europe (where we go most often), or 2-3 flights to South America or Asia every year. The $95 annual fee is peanuts compared to that.
Except you get the same ability with the CSP. Which is also $95 and offers other benefits the Ink Plus does not.
So you're best off downgrading the Ink Plus to Ink Cash- since you get the same benefits with both cards (except a $25,000 5x bonus spending cap instead of 50k) and you save the $95.
Instead put the $95 toward CSP so you get to retain BOTH the Ink 5x categories and all the benefits the CSP gives you (including being able to transfer to airlines)
The only exception would be if you had a "real" business that genuinely spent more than $25,000 a year on the 5x bonus categories- then obviously the Ink Plus pays for itself compared to the CSP (though you might still benefit from paying for both).
Correct. I've been waiting a LONG time to be able to use my Alaska Airlines VISA card, and I was not the happiest of people when they extended the switchover date from 4/1 to 6/20.
Just buy Costco gift cards for yourself from costco.com, you can use any visa there today. Takes a couple days for delivery, but you can achieve your goal.
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It clearly says what it comes with.
Chase Ink Plus- 5x MR on internet, cell phone, cable, and office supply stores (including gift cards for other stores purchased at office supply stores) (note- downgrade this to Chase Ink Cash after you get the sign up bonus to avoid next annual fee- gets same bonus categories but 25k limit instead of 50k)
Log into your online account to see if you get the pop up for amex cash card pre approval. It doesn't pull credit history. You get same credit on your cash card. If you don't see the pop up, try connecting on incognito to check if it pops up
Can't say the same about my experiences with Citi.
Then again, I don't aspire to become "a pro" at filing claims with CC companies. I only do it when absolutely necessary and Amex has given me the least trouble.
are you sure there is no credit check? the rep I spoke to told me the credit account goes to citi and we get that card with no credit pull. however, for getting an Amex card it would be a new card and thus there would be a pull.
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Who knows what the case was here.
Who knows what the case was here.
The only thing I like about this Costco card is the 3% on restaurants.
So you're best off downgrading the Ink Plus to Ink Cash- since you get the same benefits with both cards (except a $25,000 5x bonus spending cap instead of 50k) and you save the $95.
Instead put the $95 toward CSP so you get to retain BOTH the Ink 5x categories and all the benefits the CSP gives you (including being able to transfer to airlines)
The only exception would be if you had a "real" business that genuinely spent more than $25,000 a year on the 5x bonus categories- then obviously the Ink Plus pays for itself compared to the CSP (though you might still benefit from paying for both).
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