Review: Costco Anywhere Visa® Business Card By Citi — February 2018 | finder.com
Costco Anywhere Visa® Business Card By Citi

Review: Costco Anywhere Visa® Business Card By Citi — February 2018

This Citibank business credit card is designed exclusively for Costco members. The card lets you earn cashback rewards on every purchases, and there is no annual fee with your paid Costco membership.

Costco Anywhere Visa Business Card By Citi review

If you are looking for a credit card designed to earn cashback rewards for your business, the Costco Anywhere Visa Business Card By Citi acts as an ideal solution. Not only does this card earn rewards at Costco, but also anywhere that accepts Visa.

You can expect to earn 4% cashback on eligible gas purchases worldwide, including Costco gas (for the first $7,000 per year and then 1% after that). For restaurant and eligible travel purchases worldwide, you will receive 3% cashback. All purchases from Costco and Costco.com generate 2% cashback, and all other purchases will earn you 1% cashback.

To qualify for the card, you need to be a Costco membership holder.

Benefits of the Costco Anywhere Visa Business Card By Citi

  • Annual fee. The Costco Anywhere Visa Business Card By Citi does not charge an annual fee with your paid Costco membership.
  • Introductory APR. For the first seven months after the account open date, you can enjoy a 0% introductory APR on purchases.
  • Costco credit card. This credit card was designed specifically for Costco members and lets you earn Costco cash rewards everywhere that accepts Visa.

Features

  • Redeeming rewards. To redeem your rewards, you will receive a rewards coupon annually in your February billing statement. You can redeem your rewards at a Costco warehouse anytime before Dec. 31 of that year to exchange them for merchandise or cash.
  • APR. The purchase APR is variable and can change with the market, but you can expect a current APR of 16.24%. The APR for cash advances is 22.99%. The penalty APR can go up to 29.99%. APR rates are determined by the Prime Rate.
  • Purchase protection. The card is covered by purchase protection. You can enjoy an extended warranty, and damage and theft purchase protection.
  • Extended warranty. When you make purchases with your Citi card, your manufacturer’s warranties will be extended.
  • Damage and theft purchase protection. If the items you bought with your Citi card are damaged or stolen within 120 days of purchase (90 days for New York residents), Citibank’s Damage and Theft Purchase Protection could potentially cover you for a refund or repair.
  • Penalty fees. You could pay up to $37 fees for late and returned payments.
  • Cash advance transaction fee. Th cash advance transaction fee is $10 or 5% of the cash advance amount (whichever is more).
  • Foreign purchase transaction fee. You can expect to pay 3% of the foreign purchase transaction amount in US dollars. There is no fee for purchases made at Costco.
  • Credit score. To be approved for the card, you likely need excellent credit.

Compare other Citi credit cards

Rates last updated February 23rd, 2018
Name Product APR for Purchases ( Purchase Rate ) Intro APR for Balance Transfer Annual fee Product Description
Citi® Double Cash Card
14.74% to 24.74% variable
0% Intro APR for 18 months (with the amount of each transfer, $5 or 3% balance transfer fee)
$0
Earn 1% cash back for payments on purchases, on top of the 1% cash back on purchases. No annual fee.
Citi ThankYou® Preferred Card
14.74% to 24.74% variable
0% Intro APR for 15 months (with whichever is greater, $5 or 3% balance transfer fee)
$0
Enjoy our low intro APR for 15 months on purchases and balance transfers.
Citi® Secured Mastercard®
23.74% variable
$0
Start building credit for tomorrow with a secured credit card.
AT&T Access Card from Citi
15.24% to 24.24% variable
$0
Get rewarded for purchases you're already making with the AT&T Access Card, a top rewards credit card from Citi. Apply for the AT&T credit card today and start earning ThankYou® Points redeemable for gift cards, travel rewards electronics and much more.
Citi Simplicity® Card
15.24% to 25.24% variable
0% Intro APR for 18 months from date of first transfer; completed within 4 months (with whichever is greater, $5 or 3% balance transfer fee)
$0
This is the only card with No Late Fees, No Penalty Rate and No Annual Fee - Ever. Give it a try and apply to find out what the Citi Simplicity® Card can do for you.
Citi Prestige® Card
16.99% to 24.99% variable
$450 for the primary cardmember
Complimentary 4th night stay at any hotel of your choice after a minimum 4-consecutive night booking through ThankYou.com
Costco Anywhere Visa® Card by Citi
16.49% variable
$0
Earn Costco cash rewards everywhere Visa® is accepted.
Citi® Diamond Preferred®
14.24% to 24.24% variable
0% Intro APR for 21 months (with whichever is greater, $5 or 3% balance transfer fee)
$0
Lowest intro APR for 21 months plus VIP Access.
Citi® / AAdvantage® Executive World Elite™ Mastercard®
16.99% to 24.99% variable
$450
Earn 50000 American Airlines AAdvantage® bonus miles after making $5,000 in purchases within the first 3 months of account opening.
Citi® / AAdvantage®  Platinum Select®  World Elite™ Mastercard®
17.24% to 25.24% variable
$0 annual fee for the first year ($95 thereafter)
Earn 60000 AAdvantage® bonus miles after you spend $3,000 in the first 3 months.
Citibank AT&T Universal Savings and Rewards Card
13.99% to 23.99% variable
0% Intro APR for 12 months (with whichever is greater, $5 or 3% balance transfer fee)
$0
Earn 10000 bonus ThankYou Points after spending $500 in your first 3 months.
Citibank AT&T Universal Savings Platinum Card
13.99% to 23.99% variable
0% Intro APR for 15 months (with whichever is greater, $5 or 3% balance transfer fee)
$0
Citi ThankYou® Preferred Card for College Students
15.74% to 25.74% variable
$0
Earn 2500 bonus points after spending $500 within the first 3 months of account opening.
Citi Gold / AAdvantage World Mastercard
16.99% to 24.99% variable
0% Intro APR for 15 months (with whichever is greater, $5 or 3% balance transfer fee)
$0 annual fee for the first year ($50 thereafter)
Earn 25000 American Airlines AAdvantage® bonus miles after you spend $750 in purchases within the first 3 months of account opening.
Citi ThankYou® Premier Card
15.74% to 24.74% variable
$0 annual fee for the first year ($95 thereafter)
Enjoy Great Rewards and Earn ThankYou® Points on Dining, Entertainment, Travel and more

Compare up to 4 providers

How to apply for the Costco Anywhere Visa Business Card By Citi

Applying for this card is easy, and can be done online or by phone. All applicants are required to meet the following eligibility requirements:

Eligibility criteria:

  • US citizen
  • Costco member
  • At least 18 years old

The application requires the following information and documentation:

Required documents & information:

  • Full name
  • Residential address
  • Proof of Costco membership
  • Birthdate
  • Phone number
  • Social Security number
  • Financial information (i.e., annual income)
  • Email address
  • Proof of employment and income amount

If you are a frequent Costco shopper and are looking to accumulate cashback rewards for your business, the Costo Anywhere Visa Business Card by Citi could be the answer. Before choosing this card, be sure to compare it with other credit card options.

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