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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For the first time, I visited last week to a Sam's club to pick up my online order, and it was a worst experience ever.
[...]
Costco beats the crap out of Sams Club IMO.
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from TofuVic
:
Wow, I'm sorry to hear about your poor experience. I like Costco, and it's one of the very few stores where I feel comfortable paying regular prices on most products. Of the approximate 10 years I have had a Costco membership, I have not yet any bad customer service issues, thankfully.
I think you might have misread his post. He had a bad experience at SamsClub, and was saying Costco is superior.
As to the rest, you can get more value with point cards than cashback cards, assuming you travel at all.
You are probably right, I don't have one yet. Did some google searches and I thought you could pick visa or MC. If it's MC only, I stand corrected and need to find another option!
Costco has a multi-year contract so the benefits will be the same for a long time.
Not necessarily. The Costco AmEx used to have 3% CB on dining, but then it was bumped down to 2%. So the percentages may not necessarily be a part of the contract.
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from mpkb
:
According to Bloomberg[bloomberg.com], Amex was charging Costco 0.6% and was willing to go lower. Apparently, 0.6% is cheap, so I don't think fees were the problem. There is something else going on here, but it will never see the light of day unless one of the insiders writes a tell all book in 20 years. There is something in the article about a ketchup insult, and both sides claim they were the ones to pull the plug.
Costco's costs to accept credit cards as part of its deal with Amex was about 0.6 percent of every purchase, people familiar with the arrangements say, which was pretty cheap for any retailer, but Chenault offered to cut them further.
Interesting. I distinctly remember Costco citing transaction fees as a reason for switching, so I wonder if they were going unreasonably low, just to get rid of AmEx?
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from James Mason
:
AMEX is POS. Glad they got rid of them. Had too many problems with Amex.
You weren't clear the first two times, so thank you posting this third time.
You are probably right, I don't have one yet. Did some google searches and I thought you could pick visa or MC. If it's MC only, I stand corrected and need to find another option!
I'd suggest you consider the Chase ecosystem, assuming you travel at all...
If you do then the UR points those cards give you beat the pants off any cashback cards.
for non-category spending there's the chase freedom unlimited which is 1.5x on anything (and since it's easy to get more than 2 cents a point for UR on travel that means you're getting MORE then 3% in 'cash" value for even non-category spend)
The regular chase freedom gives you 5x points on a different quarterly category (Gas, groceries, etc)... which is over 10% 'cash back' if you redeem the UR correctly.
The chase ink cash gives you 5x points on phone, internet, cable, and office supply stores (which sell gift cards to many other stores) plus 2x points on gas and restaurants... which are over 10% and 4% CB in value with good redemptions
Then to tie it all up the Chase Sapphire Preferred gives you 2x (over 4% CB value) on car rentals, tolls, parking, trains, hotels, taxis, etc... plus a bunch of other travel benefits (primary rental car insurance for free, etc)
and with the signup bonuses you can get yourself around 150k UR for about $95 out of pocket (for the ink you start with the "plus" version then downgrade to the free one after you get the bonus)
I'd suggest you consider the Chase ecosystem, assuming you travel at all...
If you do then the UR points those cards give you beat the pants off any cashback cards.
for non-category spending there's the chase freedom unlimited which is 1.5x on anything (and since it's easy to get more than 2 cents a point for UR on travel that means you're getting MORE then 3% in 'cash" value for even non-category spend)
The regular chase freedom gives you 5x points on a different quarterly category (Gas, groceries, etc)... which is over 10% 'cash back' if you redeem the UR correctly.
The chase ink cash gives you 5x points on phone, internet, cable, and office supply stores (which sell gift cards to many other stores) plus 2x points on gas and restaurants... which are over 10% and 4% CB in value with good redemptions
Then to tie it all up the Chase Sapphire Preferred gives you 2x (over 4% CB value) on car rentals, tolls, parking, trains, hotels, taxis, etc... plus a bunch of other travel benefits (primary rental car insurance for free, etc)
and with the signup bonuses you can get yourself around 150k UR for about $95 out of pocket (for the ink you start with the "plus" version then downgrade to the free one after you get the bonus)
Wow, thanks! I've been using a starwood amex, I've primarily kept it because I could use it at Coscto. It's not nearly as valuable to me since they diluted the points and upped the membership fee. I'm ready to get rid of it, once Costco switches to Visa.
You've overwhelmed me with options and are a true slickdealer!!
So do you have the ink, preferred and Sapphire? If you could suggest one, which would it be? We probably spend $5k-$7K a month on our primary card. Nothing special in our spend profile.
Have a relatively short commute to work, spend about $200-$300 in groceries a week, have ATT wireless, directv, and comcast for internet ($250/month) and then typically take one blowout vacation to Hawaii a year (which is where the SPG card helps) and a couple of shorter weekend trips.
I'd suggest you consider the Chase ecosystem, assuming you travel at all...
If you do then the UR points those cards give you beat the pants off any cashback cards.
for non-category spending there's the chase freedom unlimited which is 1.5x on anything (and since it's easy to get more than 2 cents a point for UR on travel that means you're getting MORE then 3% in 'cash" value for even non-category spend)
The regular chase freedom gives you 5x points on a different quarterly category (Gas, groceries, etc)... which is over 10% 'cash back' if you redeem the UR correctly.
The chase ink cash gives you 5x points on phone, internet, cable, and office supply stores (which sell gift cards to many other stores) plus 2x points on gas and restaurants... which are over 10% and 4% CB in value with good redemptions
Then to tie it all up the Chase Sapphire Preferred gives you 2x (over 4% CB value) on car rentals, tolls, parking, trains, hotels, taxis, etc... plus a bunch of other travel benefits (primary rental car insurance for free, etc)
and with the signup bonuses you can get yourself around 150k UR for about $95 out of pocket (for the ink you start with the "plus" version then downgrade to the free one after you get the bonus)
Can you give a few examples of over $0.02 redemption? I have a hard time getting more than $0.15 (transfer to Southwest) for my travel pattern, where I value higher frequency than comfort.
If you have a "pre-approved" offer, it probably won't be a hard pull on your credit file. That's my case. I received email from Amex regarding a Blue Cash with $200 bonus and I clicked through the link and log into my existing Amex account, updated few information, submitted the application. Approved instantly with the a credit limit higher than my Costco Amex and 0% balance transfer (with fee).
Are you sure, your credit was not dinged? cuz I tried that and they keep coming back I need to open my credit file as it is frozen, so they are in fact trying to access my credit and it is stellar - no a single late payment with them.
Hmm, really? Amex took part of my Delta Amex credit line when I opened my Costco Amex. I did not get any new credit limit because "I already have more credit limit than what I normally use" with Amex. That's the response I got.
LOL. That is funny. I was explicitly told I couldnt get another card and transfer credit b/w the AmEx and another card. Some times the reps just BS!
I'd suggest you consider the Chase ecosystem, assuming you travel at all...
If you do then the UR points those cards give you beat the pants off any cashback cards.
for non-category spending there's the chase freedom unlimited which is 1.5x on anything (and since it's easy to get more than 2 cents a point for UR on travel that means you're getting MORE then 3% in 'cash" value for even non-category spend)
The regular chase freedom gives you 5x points on a different quarterly category (Gas, groceries, etc)... which is over 10% 'cash back' if you redeem the UR correctly.
The chase ink cash gives you 5x points on phone, internet, cable, and office supply stores (which sell gift cards to many other stores) plus 2x points on gas and restaurants... which are over 10% and 4% CB in value with good redemptions
Then to tie it all up the Chase Sapphire Preferred gives you 2x (over 4% CB value) on car rentals, tolls, parking, trains, hotels, taxis, etc... plus a bunch of other travel benefits (primary rental car insurance for free, etc)
and with the signup bonuses you can get yourself around 150k UR for about $95 out of pocket (for the ink you start with the "plus" version then downgrade to the free one after you get the bonus)
How *exactly* do you get more than 3% cashback with UR points? In my account, all I see is 1 UR point = $1. Even for travel. So can you explain how you end up with 3%? I have Chase Freedom.
How *exactly* do you get more than 3% cashback with UR points? In my account, all I see is 1 UR point = $1. Even for travel. So can you explain how you end up with 3%? I have Chase Freedom.
I think some one else explained this to me yesterday. If you have Sapphire, you can transfer your points to airlines and get a better use of points on the airline mileage system.
You can transfer between freedom and sapphire at no cost.
I dont have Sapphire either, and that is why need to pay $$ when i book travel on Chase UR.
Thank you for sharing this information. I like the 3% cash back on restaurants and 4% cash back on gas.
Is there another credit card without an annual fee that offers higher than 3% cash back on restaurants?
With this being managed by Citi, do others also think that we can generate virtual credit card numbers for this card?
Tofu Vic
Sams club card is better Imo. 5% gas, 3% restaurants and travel, 1% everything else. If you spend a lot in club the 2% at Costco is a big bonus though.
I have chatted and called them like 10 times since last year. Every time I am told, I have to apply for a new card through their new application process. Costco Amex will not automatically issue a new Amex card to existing costco customers. At least, as of now it seems that way, not sure how you convinced them to give you a new card. When did you do it?
Yes Amex will not automatically give you a new AmEx to replace your costco card. You need to apply. I think the contention here is if you will get a credit pull or not. Some are saying you wont, while I was told I will get a pull.
I also see a pre-approved blue cash card offer. Few months back I had a delta card offer, but since I rarely fly Delta from PHX, I didnt take that. The blue cash isnt a very enticing card to have really compared to this Citi Visa if you consider groceries and gas!
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[...]
Costco beats the crap out of Sams Club IMO.
Which doesn't work at Costco.
As to the rest, you can get more value with point cards than cashback cards, assuming you travel at all.
http://www.costco.com/join-costco.html
Costco's costs to accept credit cards as part of its deal with Amex was about 0.6 percent of every purchase, people familiar with the arrangements say, which was pretty cheap for any retailer, but Chenault offered to cut them further.
I'd suggest you consider the Chase ecosystem, assuming you travel at all...
If you do then the UR points those cards give you beat the pants off any cashback cards.
for non-category spending there's the chase freedom unlimited which is 1.5x on anything (and since it's easy to get more than 2 cents a point for UR on travel that means you're getting MORE then 3% in 'cash" value for even non-category spend)
The regular chase freedom gives you 5x points on a different quarterly category (Gas, groceries, etc)... which is over 10% 'cash back' if you redeem the UR correctly.
The chase ink cash gives you 5x points on phone, internet, cable, and office supply stores (which sell gift cards to many other stores) plus 2x points on gas and restaurants... which are over 10% and 4% CB in value with good redemptions
Then to tie it all up the Chase Sapphire Preferred gives you 2x (over 4% CB value) on car rentals, tolls, parking, trains, hotels, taxis, etc... plus a bunch of other travel benefits (primary rental car insurance for free, etc)
and with the signup bonuses you can get yourself around 150k UR for about $95 out of pocket (for the ink you start with the "plus" version then downgrade to the free one after you get the bonus)
If you do then the UR points those cards give you beat the pants off any cashback cards.
for non-category spending there's the chase freedom unlimited which is 1.5x on anything (and since it's easy to get more than 2 cents a point for UR on travel that means you're getting MORE then 3% in 'cash" value for even non-category spend)
The regular chase freedom gives you 5x points on a different quarterly category (Gas, groceries, etc)... which is over 10% 'cash back' if you redeem the UR correctly.
The chase ink cash gives you 5x points on phone, internet, cable, and office supply stores (which sell gift cards to many other stores) plus 2x points on gas and restaurants... which are over 10% and 4% CB in value with good redemptions
Then to tie it all up the Chase Sapphire Preferred gives you 2x (over 4% CB value) on car rentals, tolls, parking, trains, hotels, taxis, etc... plus a bunch of other travel benefits (primary rental car insurance for free, etc)
and with the signup bonuses you can get yourself around 150k UR for about $95 out of pocket (for the ink you start with the "plus" version then downgrade to the free one after you get the bonus)
You've overwhelmed me with options and are a true slickdealer!!
So do you have the ink, preferred and Sapphire? If you could suggest one, which would it be? We probably spend $5k-$7K a month on our primary card. Nothing special in our spend profile.
Have a relatively short commute to work, spend about $200-$300 in groceries a week, have ATT wireless, directv, and comcast for internet ($250/month) and then typically take one blowout vacation to Hawaii a year (which is where the SPG card helps) and a couple of shorter weekend trips.
Thanks again for your help!!
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If you do then the UR points those cards give you beat the pants off any cashback cards.
for non-category spending there's the chase freedom unlimited which is 1.5x on anything (and since it's easy to get more than 2 cents a point for UR on travel that means you're getting MORE then 3% in 'cash" value for even non-category spend)
The regular chase freedom gives you 5x points on a different quarterly category (Gas, groceries, etc)... which is over 10% 'cash back' if you redeem the UR correctly.
The chase ink cash gives you 5x points on phone, internet, cable, and office supply stores (which sell gift cards to many other stores) plus 2x points on gas and restaurants... which are over 10% and 4% CB in value with good redemptions
Then to tie it all up the Chase Sapphire Preferred gives you 2x (over 4% CB value) on car rentals, tolls, parking, trains, hotels, taxis, etc... plus a bunch of other travel benefits (primary rental car insurance for free, etc)
and with the signup bonuses you can get yourself around 150k UR for about $95 out of pocket (for the ink you start with the "plus" version then downgrade to the free one after you get the bonus)
If you do then the UR points those cards give you beat the pants off any cashback cards.
for non-category spending there's the chase freedom unlimited which is 1.5x on anything (and since it's easy to get more than 2 cents a point for UR on travel that means you're getting MORE then 3% in 'cash" value for even non-category spend)
The regular chase freedom gives you 5x points on a different quarterly category (Gas, groceries, etc)... which is over 10% 'cash back' if you redeem the UR correctly.
The chase ink cash gives you 5x points on phone, internet, cable, and office supply stores (which sell gift cards to many other stores) plus 2x points on gas and restaurants... which are over 10% and 4% CB in value with good redemptions
Then to tie it all up the Chase Sapphire Preferred gives you 2x (over 4% CB value) on car rentals, tolls, parking, trains, hotels, taxis, etc... plus a bunch of other travel benefits (primary rental car insurance for free, etc)
and with the signup bonuses you can get yourself around 150k UR for about $95 out of pocket (for the ink you start with the "plus" version then downgrade to the free one after you get the bonus)
You can transfer between freedom and sapphire at no cost.
I dont have Sapphire either, and that is why need to pay $$ when i book travel on Chase UR.
Is there another credit card without an annual fee that offers higher than 3% cash back on restaurants?
With this being managed by Citi, do others also think that we can generate virtual credit card numbers for this card?
Tofu Vic
Sams club card is better Imo. 5% gas, 3% restaurants and travel, 1% everything else. If you spend a lot in club the 2% at Costco is a big bonus though.
I also see a pre-approved blue cash card offer. Few months back I had a delta card offer, but since I rarely fly Delta from PHX, I didnt take that. The blue cash isnt a very enticing card to have really compared to this Citi Visa if you consider groceries and gas!
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