Review: Costco Anywhere Visa® Card by Citi - July 2018 | finder.com

Review: Costco Anywhere Visa® Card by Citi – July 2018

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A no-frills card with generous and reliable cash-back rewards on everyday spending.

There are countless cards out there with bells and whistles galore. The Costco Anywhere Visa Card by Citi isn’t one of them. What you’ll get instead is a reliable card with solid cash-back rewards: 4% on gas, 3% on dining and travel, 2% at Costco and Costco.com, and 1% on everything else. That’s pretty much all there is to the card — but for many families, it’ll be exactly what they need.

Product NameCostco Anywhere Visa® Card by Citi
Card TypeVisa
Annual Fee$0
APR (Annual Percentage Rate) for Purchases16.99% variable
Balance Transfer Fee3% or $5 (whichever is greater)
Cash Advance Rate26.99% variable
Cash Advance Fee$10 or 5% of the cash advance amount, whichever is greater
Foreign Transaction Fee$3
Interest Free PeriodUp to 23 days
Minimum Interest$0.5
Late Payment Fee$37
Returned Payment Fee$37
Additional Cardholder Fee$0
Minimum Age18 years of age
Reward Value per Dollar1 points
Rewards Points ExpiryNever

The nuts and bolts

Product details

  • APR for purchases (purchase rate): 16.99% variable (varies based on Prime Rate)
  • Balance transfer rate: to variable
  • Cash advance rate: 26.99% variable (varies based on Prime Rate)
  • Card type: Visa
  • Interest-free period: Up to 23 days
  • Minimum interest: $0.5

Application requirements

  • Minimum credit score: Excellent (720+)
  • Minimum age: 18 years of age

Fees and payments

  • Annual fee: $0 annual fee. No annual fee for this credit card with your paid Costco Membership.
  • Returned payment fee: Up to $37
  • Late payment fee: $37
  • Balance transfer fee: whichever is greater, $5 or 3%
  • Cash advance fee: $10 or 5% of the amount of each cash advance, whichever is greater
  • Foreign transaction fee: $3. No fee for purchases at Costco locations anywhere in the world.

Costco Anywhere Visa Card by Citi review

The Costco Anywhere Visa Card by Citi may be most useful for busy families, as it’s loaded with cash-back options for different spending categories.

Shuttling family members around can require many trips to the gas station — but those trips will be more palatable with the Costco Anywhere card’s 4% cash back on up to $7,000 of fuel each year (after which you’ll earn 1% cash back). Taking the family on vacation or to restaurants comes with 3% cash back. Stocking the house with food and supplies is a no-brainer with 2% cash back at Costco and Costco.com. And for everything else, there’s a 1% cash-back sweetener.

That’s pretty much all there is to the Costco Anywhere card, but the cash-back options alone are perfect if you anticipate the same types of expenses month after month. You won’t need to worry about rotating categories of spending rewards; rest easy knowing your cash-back rewards hold very few surprises.

In addition to the generous cash-back features, you’ll find extras from Citi that make buying products and traveling worldwide much more attractive. Price Rewind (Citi’s version of price protection) is a great perk, and travel services like trip cancellation protection, car rental insurance, accident insurance and travel assistance are welcome add-ons.

The perks

  • $0. The Costco Anywhere card comes with no annual fee, as long as you have a paid Costco membership. If you are not currently a Costco member, you can purchase a Membership Activation Certificate for $55.
  • 4% cash back on gas. When you use your Costco Anywhere card to purchase eligible gas (including gas at Costco), you will receive 4% cash back. This rate applies up to the first $7,000 you spend for the year, after which it changes to 1%.
  • 3% cash back on restaurants and travel. You will receive 3% cash back when spending on eligible restaurants and travel (airfare, hotels, cruises, car rentals, etc.).
  • 2% cash back on purchases from Costco and Costco.com. Receive 2% cash back on purchases at Costco warehouses and at Costco.com.
  • 1% cash back on everything else. On all other purchases, you’ll receive 1% cash back with your Costco Anywhere card.
  • The Costco Anywhere card doubles as a Costco membership ID. Shoppers need to show their Costco membership cards to enter Costco. As a Costco Anywhere cardholder, you can simply show your credit card for entry.
  • Citi Price Rewind. If you purchase an item with your Citi card, Price Rewind will look for a lower price elsewhere. If it finds a lower price on the item within 60 days after your purchase, you may receive a rebate for the extra amount you paid.
  • Travel protection. With the Citi card, you’ll receive travel services like accident insurance, car rental insurance, trip cancellation protection, travel assistance and emergency assistance.
  • Purchase protection. With Citi’s purchase protection, you’ll receive extended warranties on your purchases. You’ll also receive damage and theft protection on purchased items.

Features of the Costco Anywhere Card by Citi

  • Balance transfer restrictions. If you’d like to initiate balance transfers, you need to complete them within 2 months after you’ve opened your account.
  • Higher interest rate and fee for cash advances. Taking out cash advances comes with a 26.99% variable APR and a fee of $10 or 5% of the amount of each cash advance, whichever is greater.
  • Redeeming Costco Cash Rewards. You will receive a coupon every year with your Costco Cash Rewards. It will be included in your February billing statement and you can exchange the coupon for cash or merchandise by December 31.
  • Penalty APR for late payments. Keep in mind that making a late or returned payment may result in a penalty APR applied to your account. This APR may be as high as 29.99% and it may last indefinitely.
  • Balance transfer limit. The collective amount of your balance transfers and balance transfer fees must be within your revolving credit limit.

Compare other Citi credit cards

Name Product APR for Purchases (Purchase Rate) Intro APR for Balance Transfer Annual Fee
15.24% to 25.24% variable
0% for the first 18 months (then 15.24% to 25.24% variable)
$0
Earn 1% cash back for payments on purchases, on top of the 1% cash back on purchases. No annual fee.
15.24% to 25.24% variable
0% for the first 15 months (then 15.24% to 25.24% variable)
$0
Enjoy our low intro APR for 15 months on purchases and balance transfers.
24.24% variable
$0
Start building credit for tomorrow with a secured credit card.
15.74% to 24.74% 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.
15.74% to 25.74% variable
0% for the first 18 months (then 15.74% to 25.74% variable)
$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.
17.49% to 25.49% variable
$450
Complimentary 4th night stay at any hotel of your choice after a minimum 4-consecutive night booking through ThankYou.com
16.99% variable
$0
Earn Costco cash rewards everywhere Visa® is accepted.
14.74% to 24.74% variable
0% for the first 21 months (then 14.74% to 24.74% variable)
$0
Lowest intro APR for 21 months plus VIP Access.
17.49% to 25.49% variable
$450
Earn 50,000 American Airlines AAdvantage® bonus miles after making $5,000 in purchases within the first 3 months of account opening.
17.74% to 25.74% variable
$0 annual fee for the first year ($99 thereafter)
Earn 60,000 AAdvantage® bonus miles after you spend $3,000 in the first 3 months.
16.24% to 26.24% variable
$0
Earn 2,500 bonus points after spending $500 within the first 3 months of account opening.
17.74% to 25.74% variable
$0 annual fee for the first year ($50 thereafter)
Earn 25,000 American Airlines AAdvantage® bonus miles after you spend $750 in purchases within the first 3 months of account opening.
16.24% to 25.24% 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 Card by Citi

Always consider your options and your financial situation before you apply for a credit card.

Eligibility criteria

  • You are at least 18 years old

Required documents & information

  • Your name, residential status and residential address
  • Your Social Security number
  • Your email address, phone number and date of birth
  • Financial information like your annual salary and wages

Kevin Joey Chen

Kevin Chen is a world-travelin', copy-writin', Game of Thrones-watchin' credit cards writer for finder.com. When he's not crunching the numbers on bonus points and comparing APRs, you can find him flying around the world in search of the perfect beer.

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