Advertiser Disclosure

Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). However, the credit card information that we publish has been written and evaluated by experts who know these products inside out. We only recommend products we either use ourselves or endorse. This site does not include all credit card companies or all available credit card offers that are on the market. See our advertising policy here where we list advertisers that we work with, and how we make money. You can also review our credit card rating methodology.

Costco Anywhere Visa Card Review – Everything You Need To Know

Erin Miller's image
Erin Miller
Erin Miller's image

Erin Miller

Content Contributor

188 Published Articles

Countries Visited: 26U.S. States Visited: 28

An experienced points hacker, Erin is Alex’s partner-in-crime and contributes to Upgraded Points with in-depth guides and relationship management. Erin’s work has been cited in multiple major publicat...
Edited by: Kellie Jez
Kellie Jez's image

Kellie Jez

Director of Operations & Compliance

6 Published Articles 1179 Edited Articles

Countries Visited: 10U.S. States Visited: 20

Kellie’s professional experience has led her to a deep passion for compliance, data reporting, and process improvement. Kellie’s learned the ins and outs of the points and miles world and leads UP’s c...

We may be compensated when you click on product links, such as credit cards, from one or more of our advertising partners. Terms apply to the offers below. See our Advertising Policy for more about our partners, how we make money, and our rating methodology. Opinions and recommendations are ours alone.

Wholesale clubs like Costco are a go-to for many when it comes to groceries, household items, prescriptions, electronics, and even car tires.

If you’re a Costco shopper, you’ve probably heard about its store-branded credit card and might be wondering: is it worth it? Can it really save more money?

We aim to answer that question with this review as we cover the Costco Anywhere card in-depth. We’ll outline its benefits, cash rewards program, fees, drawbacks, and more.

By the end of the article, you should have a good idea if this is a smart card for your wallet.

Costco Anywhere Card at a Glance

Costco Anywhere Visa Card Benefits
Image Credit: Costco

SCROLL FOR MORE
Costco Anywhere Card
Main benefits
  • 4% cash-back on gas / EV charging purchases (limits apply)
  • 3% cash-back on dining
  • 3% cash-back on travel
  • 2% cash-back at Costco and Costco.com
  • 1% cash-back on all other purchases
Annual fee$0 (Costco membership required)

The Costco Anywhere card is a cash-back credit card issued by Citibank. The Costco Anywhere Visa® Business Card by Citi is available for those interested in a business version of the card.

While the annual fee is technically $0, cardholders must have a valid Costco membership to apply. A basic annual Costco membership is $60. Cardholders must keep their Costco membership open and in good standing to earn benefits and redeem rewards.

Once you receive your Costco Anywhere card, it can be used in place of your membership card, so you don’t have to carry around 2 different cards when you shop.

Costco Cash Rewards (Benefits In-Depth)

Costco Anywhere Visa Card Benefits
Image Credit: Costco

The benefits of the Costco Anywhere card are great for a cash-back card. The tiered bonus categories highlight everyday purchases where some cardholders may allocate a majority of their yearly spend, including gas, restaurant, travel, and Costco purchases.

The primary cardholder may add authorized users to the card. Authorized users are eligible to earn Costco Cash Rewards, which are added to the rewards total of the primary cardholder.

Gas

Cardholders receive 4% cash-back on up to $7,000 in gas purchases and EV charging purchases. After you reach the $7,000 threshold, cardholders earn 1% cash-back on all additional gas purchases for that year.

Hot Tip: The 4% cash-back does not apply to fuel purchased at superstores, supermarkets, convenience stores, and warehouse clubs other than Costco. Additionally, it does not apply to fuel used for non-automobile purposes — you’ll only receive 1% for these purchases.

Dining and Travel 

Cardholders will receive 3% cash-back on dining and travel purchases.

Dining rewards include purchases made at restaurants, cafes, lounges, fast food restaurants, and bars. Similar to the fuel exception, the 3% cash-back does not apply to dining at locations within grocery stores, department stores, supercenters, or other wholesale clubs. You’ll only get 1% at those establishments.

Travel rewards apply to all eligible travel purchases worldwide (without any foreign transaction fees!), which includes airfare, hotels, car rentals, cruise lines, travel agencies, and Costco Travel.

Costco and Costco.com Purchases

For frequent Costco shoppers, a big perk of this card is the 2% cash-back on all Costco and Costco.com purchases. This is a nice benefit compared to the Sam’s Club credit card that doesn’t reward its cardholders with any type of bonus for spending at Sam’s Club or Walmart.

All Additional Purchases

Costco Anywhere cardholders will receive 1% cash-back on all additional purchases where Visa is accepted.

Bonuses

At times, the rewards program may offer bonuses and special offers, such as an increased cash-back rate when you make specific purchases.

Example of a special bonus offer. Image Credit: Costco

In the past, special bonuses have included offers such as the above offer on Samsung TVs and an offer for $100 off a set of 4 Michelin tires.

Redeeming Your Cash Rewards

Costco Cash Rewards are paid out annually, not monthly like most other credit cards.

Cardholders earn rewards from January through December each calendar year (regardless of the month in which they open the card). Rewards are then distributed in the form of a single reward certificate the following February once the billing statement closes. Rewards certificates are available for redemption through December 31 of that same year

If you’re enrolled in paperless statements, you will receive the certificate via email separately. It will not be attached to your online statement. If you are not enrolled in paperless statements, you can find the certificate on the last page of your February billing statement when you receive it in the mail.

Costco 2020 Rewards Certificate
Example of a Costco Cash Rewards Certificate. Image Credit: Citi

Cardholders may utilize the certificate for cash-back or Costco merchandise. Cardholders have the option of redeeming a portion for merchandise and receiving the remaining balance in cash at the register upon check-out.

You must redeem the certificate in-person at a Costco store. It is not available in the form of a statement credit, available to redeem online, or open to redeem with Costco Travel.

The certificate will be issued to the primary cardholder, but you may authorize someone else to redeem the certificate, if necessary.

Hot Tip: Cardholders must maintain an open Costco membership to redeem cash-back rewards. If your Costco membership closes before you redeem your certificate, you forfeit your hard-earned rewards. 

See our Online Account Management section below for information on how to view your rewards online throughout the year.

Additional Costco Credit Card Features

There are several benefits of the Costco Anywhere card, most of which apply due to its connection with Citibank.

You can read more about the specific details of these benefits.

Drawbacks of the Cards

While this card is generally a great cash-back card, there are other potential drawbacks to consider:

Alternative Rewards Credit Cards (Recommended)

As this is a cash-back card, we recommend considering these other cards either instead of or in combination with the Costco Anywhere card.

Blue Cash Everyday® Card from American ExpressTerms Apply / Rates & Fees
U.P. Rating 
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

This cash-back card offers a capped 3% at U.S. supermarkets, 3% at U.S. gas stations, and 3% on U.S. online retail purchases!

Learn More(at Amex's secure site)

Apply With Confidence

Know if you're approved with no credit score impact

If you're approved and accept this Card, your credit score may be impacted.

This cash-back card offers a capped 3% at U.S. supermarkets, 3% at U.S. gas stations, and 3% on U.S. online retail purchases!
Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
$200
$0
19.24%-29.99% Variable,0% on purchases for 15 months
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Good to Excellent (670-850)

When it comes to cash-back credit cards, there are dozens of options to choose from. So what sets the Blue Cash Everyday® Card from American Express apart from the rest?

This card is excellent at earning cash-back on your everyday purchases at U.S. supermarkets, U.S. gas stations, and on U.S. online retail purchases. So if you regularly spend money on everyday purchases, this could be the perfect card to add to your wallet.

Pros
  • 3% back on purchases at U.S. supermarkets on up to $6,000 in purchases each year, then 1% back after.
  • 3% back on purchases at U.S. gas stations on up to $6,000 in purchases each year, then 1% back after.
  • 3% back on purchases on online retail purchases on up to $6,000 in purchases each year, then 1% back after.
Cons
    • Rewards are not flexible and can only be redeemed for cash-back. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
  • No Annual Fee.
  • Balance Transfer is back! Enjoy 0% intro APR on purchases and balance transfers for 15 months from the date of account opening. After that, 19.24% to 29.99% variable APR.
  • 3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%.
  • 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%.
  • 3% Cash Back at U.S. gas stations, on up to $6,000 per year, then 1%.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon.com checkout.
  • Thinking about getting the Disney Bundle which can include Disney+, Hulu, and ESPN+? Your decision made easy with $7/month back in the form of a statement credit after you spend $9.99 or more each month on an eligible subscription (subject to auto renewal) with your Blue Cash Everyday® Card. Enrollment required.
  • Enjoy up to $15 back per month when you purchase a Home Chef meal kit subscription (subject to auto renewal) with your enrolled Blue Cash Everyday® Card.
  • Terms Apply.
Financial Snapshot
  • APR: 19.24%-29.99% Variable,0% on purchases for 15 months
  • Foreign Transaction Fees: 2.7% of each transaction after conversion to US dollars.
HIGHEST CASH BACK
Blue Cash Preferred® Card from American ExpressTerms Apply / Rates & Fees
U.P. Rating 
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

This card is great for those who want to earn cash-back with U.S. supermarkets, U.S. streaming subscriptions, transit, and U.S. gas stations.

Learn More(at Amex's secure site)

Apply With Confidence

Know if you're approved with no credit score impact

If you're approved and accept this Card, your credit score may be impacted.

This card is great for those who want to earn cash-back with U.S. supermarkets, U.S. streaming subscriptions, transit, and U.S. gas stations.
Earn a $250 statement credit after you spend $3,000 in eligible purchases on your new Card within the first 6 months.
$250
$0 intro annual fee for the first year, then $95.
19.24%-29.99% Variable,0% on purchases for 12 months
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Good to Excellent (670-850)

The Blue Cash Preferred® Card from American Express is a stellar cash-back credit card for those looking to maximize every purchase they make.

With bonus categories like U.S. supermarkets, select U.S. streaming services, U.S. gas stations, and transit purchases, this card rewards you for the items you spend the most on in a big way! For those looking to earn up to 6% cash-back on their purchases, this could be the card for you!

Pros
  • 6% cash-back at U.S. supermarkets (up to $6,000 per year)
  • 6% cash-back on select U.S. streaming subscriptions
  • 3% cash-back on U.S. gas stations and transit (including rideshares, parking, etc.)
Cons
    • $0 intro annual fee for the first year, then $95 annual fee (rates and fees)
  • Earn a $250 statement credit after you spend $3,000 in eligible purchases on your new Card within the first 6 months.
  • $0 intro annual fee for the first year, then $95.
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 intro plan fees on plans created during the first 12 months from the date of account opening. Plans created after that will have a monthly plan fee up to 1.33% of each eligible purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • Low Intro APR: 0% on purchases and balance transfers for 12 months from the date of account opening. After that, your APR will be a variable APR of 19.24% - 29.99%.
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
  • 6% Cash Back on select U.S. streaming subscriptions.
  • 3% Cash Back at U.S. gas stations.
  • 3% Cash Back on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
  • 1% Cash Back on other purchases.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit on Amazon.com at checkout.
  • $84 Disney Bundle Credit: With your enrolled Blue Cash Preferred Card, spend $9.99 or more each month on an auto-renewing Disney Bundle subscription, to receive a monthly statement credit of $7. Valid only at Disney Plus.com, Hulu.com or Plus.espn.com in the U.S.
  • Terms Apply.
Financial Snapshot
  • APR: 19.24%-29.99% Variable,0% on purchases for 12 months
  • Foreign Transaction Fees: 2.7% of each transaction after conversion to US dollars.
Rewards Center

Redeem cash-back through your American Express account

Hot Tip: Amex, Discover, and Mastercard are not accepted in-store at Costco. Our latest guide details the best credit cards for shopping at Costco and Costco.com to make sure you earn rewards on all your Costco shopping, despite this obstacle.

Applying for the Costco Anywhere Card

There are a few different ways to apply for the Costco Anywhere card:

  • In-person at a Costco Wholesale store
  • Online
  • By phone at 800-970-3019

In general, most credit card review sites recommend a good-to-excellent credit score for card approval.

While your credit score is important, it’s not the only factor in consideration for approval. If you have an average- to above-average score and you want this card, it may be worth applying.

Some applicants may be approved instantly for the card. However, some submissions may require further review, resulting in a 7 to 10 day waiting period.

Login and Online Account Management

Citi provides great instructions for activating and registering your Costco Anywhere card. Once you’ve registered, you can use Citi’s portal to log in and manage your account online.

Citibank Portal Landing Page
Once registered, you can log in from the Citi homepage. Image Credit: Citi

Online, cardholders can perform the following tasks:

  • View account activity
  • View billing statements
  • Set up paperless statements and e-communications
  • Make a payment

Final Thoughts

If you’re a regular Costco shopper and enjoy earning cash-back on a variety of your everyday purchases, the Costco Anywhere card could be a great card to add to your wallet. This is especially true if you’re a responsible cardholder and don’t have to worry about late fees and other charges.

Remember, with this card, cash-back rewards are only available to be redeemed once per calendar year. Plus, you must keep your Costco membership open and in good standing, or your ability to earn and redeem rewards is forfeited.

However, if you’re looking for a credit card that’s more geared towards travel and maximizing your points and miles, this isn’t the card for you.

The information regarding the Costco Anywhere Visa® Card by Citi was independently collected by Upgraded Points and not provided nor reviewed by the issuer. 
The information regarding the Costco Anywhere Visa® Business Card by Citi was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

For rates and fees of the Blue Cash Everyday® from American Express, click here.
For rates and fees of the Blue Cash Preferred® Card from American Express, click here.

Frequently Asked Questions

Is the Costco credit card worth it?

That depends. If you’re already a Costco member and you want a cash-back credit card that can earn rewards in a number of spending categories, then yes, it’s likely the Costco Anywhere card is worth it. It’s important to note the cash-back you earn is only available for distribution annually.

If you’re not a Costco member, don’t think you would benefit from a Costco membership, or you’re looking for a travel rewards-based credit card, this card is not worth it for your wallet.

How does the Costco credit card work?

Cardholders must first have an active Costco membership before applying and once approved can utilize the card for purchases anywhere Visa is accepted.

The Cash Rewards Program includes the following benefits for the Costco Anywhere card: 4% cash-back on gas and EV charging purchases (up to $7,000 per year), 3% cash-back on dining and travel, 2% cash-back at Costco and Costco.com, and 1% cash-back on all other purchases.

Rewards are earned annually and distributed at the end of the following February’s billing statement. Terms apply.

Is the Costco credit card hard to get?

In general, most credit card review websites recommend a good-to-excellent credit score to qualify for the card.

This means the card may be difficult to get for those individuals with average-to-poor credit.

Who issues the Costco credit card?

The Costco Anywhere card is issued by Citibank.

Can I get the Costco credit card without a Costco membership?

No, a Costco membership is required to apply for a Costco credit card. Additionally, the membership must remain open and in good standing to earn and redeem rewards.

How do I cancel my Costco credit card?

The easiest way to cancel your Costco credit card is to call the phone number listed on the back of your card.

Erin Miller's image

About Erin Miller

An experienced points hacker, Erin is Alex’s partner-in-crime and contributes to Upgraded Points with in-depth guides and relationship management. Erin’s work has been cited in multiple major publications.

INSIDERS ONLY: UP PULSE

Deluxe Travel Provided by UP Pulse

Get the latest travel tips, crucial news, flight & hotel deal alerts...

Plus — expert strategies to maximize your points & miles by joining our (free) newsletter.

We respect your privacy. This site is protected by reCAPTCHA. Google's privacy policy  and terms of service  apply.

Deluxe Travel Provided by UP Pulse
DMCA.com Protection Status