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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Also it's good to know for Chase Freedom card holders that they will be giving 5% CB at wholesale clubs through the rest of 2016. Can't go wrong with that!
Compared to Citi Costco Visa's 2% rate, it's a nice jump. However, please note that it's capped at $1,500 ($75 cashback) for each quarter and gas purchases do not earn 5% CB (you can always buy Costco gift cards with 5% CB and use those for gas, of course).
Compared to Citi Costco Visa's 2% rate, it's a nice jump. However, please note that it's capped at $1,500 ($75 cashback) for each quarter and gas purchases do not earn 5% CB (you can always buy Costco gift cards with 5% CB and use those for gas, of course).
Oh, and the Chase Freedom deal is 5% on up to $1500 at restaurants and warehouse clubs combined. Otherwise I'd be getting 3% and 2%, respectively. So the biggest advantage is to use all $1500 at Costco, if I'm going to max it out. Though looking at my last year's spending, it would take me almost a year to spend $1500 at Costco. So bottom line, I'll just use it in Q3 for both Costco and restaurants, and then get a gift card near the end to pad my total.
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My Costco AMEX billing cycle started on the 12th of each month.
If I have charges between the 12th & 19th - do I pay AMEX or Citi for those charges?
That's what I thought.,...BUT then I saw this on the transition FAQ page here [citi.com]& caused a pause:
When do I start sending my payments to Citi instead of American Express?
When you receive a statement from American Express please send your payment to American Express by mail, phone, or online. When you receive a statement from Citi, please send your payment to the address in your statement or make a payment online once you register for Citi® Online.
I see my cashback transferred over also, as promised.
When do I start sending my payments to Citi instead of American Express?
When you receive a statement from American Express please send your payment to American Express by mail, phone, or online. When you receive a statement from Citi, please send your payment to the address in your statement or make a payment online once you register for Citi® Online.
Ok that makes sense.
Thanks.
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So it is only usable at Costco, but you can make a purchase and cash out the remainder? Am I reading that right?