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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Edited August 26, 2026
at 07:51 AM
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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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the same way capital one can make a 1.5% cash back everywhere card
its the VISA signature series which costs store 2.75+% + fee to accept. its visa "alternative" to american express , high fee card with high levels of benefits
It will be called "Costco Anywhere Visa Card by Citi" (that's a mouthful).
For those who already have Costco Amex, they will mail out the replacement cards starting in May 2016, but you cannot use it until June 20, 2016.
A lot better benefits:
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%)
3% cash back on restaurant and eligible travel purchases worldwide (Costco Amex is 2%)
2% cash back on all other purchases from Costco and Costco.com (Costco Amex is 1%)
1% cash back on all other purchases
If anyone is curious - Citi will NOT pull credit for existing Costco Amex holders.
So its not going to ding your scores.
amex been offering the blue card everytime i login to my costco amex. i wonder is it better to take this offer or open a new card somewhere (thinking bout chase freedom)
is it necessary to keep history with them? only been with amex for 4 years. TIA
For the 4% on gas, note that non-qualifying includes "supermarkets, convenience stores"
That's basically every gas station in my area. If your Costco sells gas, you are good. Mine doesn't.
Brilliant, Citi, just brilliant.
Eddie
For the 4% on gas, note that non-qualifying includes "supermarkets, convenience stores"
That's basically every gas station in my area. If your Costco sells gas, you are good. Mine doesn't.
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I'm a little surprised that Costco didn't note that "eligible purchases" excluded most purchases. They used to have a reputation for honesty.
Brilliant, Citi, just brilliant.
Eddie
I picked up one of the new accounts, got the $300 and chose a category for better rewards than what I had with the Costco card. The discounts go right into my balance every month so I don't have to wait for the one statement a year for the Costco rewards.
I won't be dealing with Citi. Like lots of people, I had bad experiences with them. I'll use my own Visa card with a decent rewards program if I go to Costco. That won't be as often, though.
I picked up one of the new accounts, got the $300 and chose a category for better rewards than what I had with the Costco card. The discounts go right into my balance every month so I don't have to wait for the one statement a year for the Costco rewards.
I won't be dealing with Citi. Like lots of people, I had bad experiences with them. I'll use my own Visa card with a decent rewards program if I go to Costco. That won't be as often, though.
Yes. You will be sent a new card with a new card number, expiry date, etc. After June 20th, you might as well cut up your Costco AmEx card because it won't be active anymore.
What do you mean? Excluded from what?
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