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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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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.
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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I wouldn't really suggest only having one- you need at LEAST the freedom and one of the 2 premium cards.
And really having all 4 covers just about everything....
Freedom for the 5x category for each quarter (about to be grocery stores)- up to $1500 spend per quarter. Max that and you've got 30,000 UR from just $6000 spend a year.
Ink (plus initially for the 60k UR sign up, then downgrade to the free version) for 5x on Cable, Internet, Phone- 2x on gas.... also 5x on office supply stores (where you can often get gift cards for groceries, amazon, gas, etc...)
CSP for 2x on most other travel items and restaurants
Freedom Unlimited for 1.5x on non-category spend
Yes you'd have to carry 4 cards, but based on your spending---
$3000 is cell/tv/internet. That's all 5x, so 15000 UR a year.
$12000 is groceries. $1500 of that is 5x, the rest is 5x IF you can do grocery gift cards at office supply, 1.5x otherwise. Let's go with worst case of otherwise- so 7500 UR from 5x, and 15,750 from 1.5x (best case and you shop at whole foods or someplace else Staples sells cards to, you're looking an additional 36,750 UR)
Now we still have $57,000 to spend for the year and you already have 38,250 UR (or an mind blowing 75,000 on only 15k spend if you can do the office card trick)
Short drive you say, so let's say you only spend $125 a month on gas- thanks to the quarterly 5x on freedom letting you buy gas station gift cards you get 5x on ALL your gas- $1500x5 is another 7500 UR...
Now we've got $55,500 spend left.
Hotels (and other travel) and restaurants are 2x, let's say 10% of the remaining spend is that... $5500 for even numbers... so another 11k UR (and you can often get restaurants at 5x with the gift card trick)
And lets say you can max 3k in the 2 remaining Freedom 5x quarters so another 15k UR, and still 47k spend left.
Let's say that's all noncategory (though you can likely get some of it at 5x with the office gift card trick)- 47k times 1.5 is 70,500.
So let's add it all up using the worst-case assumptions.... brings you to 116,276 UR for the year. Worst case.
Let's take the lowest redemption I've personally done- 2.6 cents a point. That puts the "cash" value of your year at $3023.16 on 72k of spending... a cash back percentage of 4.2% on everything.
And again that's making the lowest-value assumptions on everything.
If you were doing higher-end redemption (often for business or first class level stuff) you could very easily get that in the 15-20% cash back range.
So something that gives you 2x UR for purchases would be the equivalent of 4-10% cash back... and in the 3x or 5x UR categories it gets even better
I recently booked Charlotte to Aruba with Avios at about 2.6 cents a point... (economy).... last year I booked Boston to Dublin with Avios at over 5 cents a point (business class).
That's 2 examples
Plenty more (not even requiring avios) out there
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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).
And I don't even have "Real" business. Many people have couple of hundreds of $$ of cable bill (it appears) and also phone bill as well monthly. Just charge those to Ink Bold/Plus and it pays for the yearly fee EASILY and MORE.
That said, you are correct CSP is outrageous card just in customer service. I NEVER had better service than CSR from CSP. Even Amex wasn't as good. I had multiple times the CSR guided me through the whole charges and verified it from his end that everything went through correctly and that took a LONG time (one time, I was buying $3000 worth of gift card and max was $100 card, every 3-4 card purchases, my account would be locked out, I just called CSP's CSR and she was on the phone through whole transaction so that she could unlock the account everytime it was locked due to fraud alert. It took VERY long time because after every card purchase, the store had to go through few other step to give me $25 in store gift card as well - main reason for me to get $3000 Lowes gift card from the store - got $3k Lowes gift card AND $750 worth of in store gift card).
ohh wait this is exactly why Costco dropped them and it looks like wells Fargo might buy them. Amex will always be known as a business blunder
I hope you have the patience to read but the article explains why Amex is POS
http://www.bloomberg.c
Pretty good card, it looks like
Amex Blue Preferred is 6% on gas year round but it has a fee. It may also have some cashback benefit on grocery stores but I forget. I recently got the Chase Sapphire and Freedom and have been using them nearly exclusively. Thinking of switching to regular Blue so I do t have to pay the fee.
4% cash back on eligible gas worldwide, including gas at Costco, for the first $7,000 per year and then 1% thereafter (Costco Amex is 3%) (don't buy Costco gas often cause it's a pain and I've been getting better deals with gas station gift cards at a discount coupled with ebay bucks and discounted ebay gift cards. I can also get 3% CB with the card below, so far all gas stations have accepted it, just not Costco gas. I can live with not getting that extra 1% when I pay for gas with a CC.)
3% cash back on restaurant and eligible travel purchases worldwide (Costco Amex is 2%) I have a JCB credit card that gives you 3% back on all purchases, the only problem with JCB is it is on the discover network and is not accepted everywhere, but most large establishments take it
2% cash back on all other purchases from Costco and Costco.com (Costco Amex is 1%) Citi double cash card is going to give you 2% back everywhere you shop and will be used anywhere JCB is not accepted. I'm assuming there should not be a problem using this at Coscto since you can get it as a Visa card
edit- another member pointed out this is a MC, not Visa. Any suggestions on a high CB visa card for all purchases? Or is this Costco card the best deal?
1% cash back on all other purchases Why bother when you are getting 2%-3% with the above cards
Are there any other benefits I may be missing? Agree the downside is I have to carry 2 cards, but slickdealers will put if with carrying more cards then that to maximize savings. For me, 2 cards is no big deal.
3% back on all purchases sounds nice, but a quick search says JCB is a japanese card, is that correct? It doesn't seem like that would be an option for most people.
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BTW, they pull experian, check that out.