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Costco Citi Card 2022 – Introduction, Advantages And Disadvantages

Our partner, Citi, offers the Costco Citi card anywhere Visa*, which might be considered a top-tier cash-back credit card on its own. The card is perfect to use for both a Costco purchase and everyday spending because it offers rewards of 4% cash back on eligible gas.

EV charging purchases for the first $7,000 per year, then 1% thereafter, 3% cash back on restaurants and eligible travel purchases, 2% cash back on all other purchases from Costco and Costco.com, and 1% cash back on all other purchases. It also has no annual fee with a paid Costco membership.

Introduction

Useful Costco With the Costco Citi Card Anywhere VIsa, wholesale buyers might save money. The Citi Costco Anywhere Visa Card can cover the gap where certain credit cards don’t include wholesale club purchases in the food bonus points area.

It gives 2% cash back on all Costco and Costco.com purchases. Additionally, cardholders receive 4% cash back on qualified petrol purchases, including Costco gas, and EV charging expenditures for the first $7,000 in annual spending, and then 1% cash back after that. Earn 3% cash back globally on dining establishments and qualifying travel purchases, and 1% on all other purchases.

Although a paid membership to Costco is necessary to apply, the card has no annual fee with that membership. Cash back is offered as an annual credit card reward certificate that can be redeemed at Costco Wholesale in the United States and Puerto Rico for cash or goods. Be aware that the Costco Citi Card Anywhere Visa has an annual percentage rate that is standard variable and is 18.24%. (Variable). Strong-credit balance bearers can be eligible for a card with a lower APR.

The Advantages Of The Card

  • No Annual fee: With a Costco membership, there is no annual fee for the Citi Costco Anywhere Visa Card.
  • Cash rewards: At Costco, incentives can be redeemed for cash or items.
  • You can also use your Costco Citi Card Anywhere Visa as your Costco membership ID.
  • A Costco membership can provide benefits for both families and small businesses that much outweigh the yearly cost. The possibility to purchase a lot of products at once and save money is especially valued in the current environment. 
  • A distinctive feature of Costco Warehouse Club is that not all credit cards are accepted there. Mastercard and American Express are not accepted by Costco in-store, so if you intend to pay with a credit card, make sure it is a Visa.

The Disadvantages Of The Card

  • Membership necessary: To apply, you must be a Costco member.
  • Restrictions on petrol rewards: Outside of Costco, you can only get 1% cashback on gas purchases made at superstores, supermarkets, convenience stores, and warehouse clubs.
  • There is no opening offer: Costco Worldwide There is no welcome incentive with the Citi Visa Card.

Rewards And Other Benefits Of The Card

Earning Rewards

With the Costco Citi Card Anywhere Visa, a Costco member can earn 4% cash back on eligible gas and EV charging purchases for the first $7,000 in annual spending, then 1%, 3% cashback on dining out and eligible travel purchases, 2% cash back on all other purchases from Costco and Costco.com, and 1% cash back on all other purchases. Gas stations that Visa considers to be gas stations are what Citi and Costco refer to as qualified gas.

According to the terms of the rewards programme, “Certain Non-Qualifying Purchases. For gas purchased at superstores, supermarkets, convenience stores, and warehouse clubs besides Costco or for fuel used for non-automotive purposes, you will only receive 1% cash back instead of 4%. Therefore, you will only receive 1% cash back if you visit a petrol station that Visa considers to be a convenience store.

Increased cashback is available with the Costco Citi Card while dining out and booking certain types of travel. Airfare, vehicle rentals, cruise lines, Costco Travel purchases, hotels, and travel agencies are among the travel-related items that qualify for additional cash back.

Redeeming Rewards

On purchases made at restaurants and during qualifying travel, the Costco Card offers additional cash back. The types of travel-related purchases that qualify for additional cash back include flights, auto rentals, cruise lines, Costco Travel purchases, hotels, and travel agencies.

You will receive a certificate detailing your earnings, which you may redeem at your nearby Costco warehouse. The card is automatically canceled when your Costco membership is terminated. Before you consider canceling either your Costco membership or your Costco Visa, be sure to keep in mind that doing so would result in you losing your cash-back benefits.

How To Maximize Your Costco Citi Card Rewards

Every time you shop at Costco or on Costco.com, use your Costco Citi Card Anywhere Visa to get 2% cash back. Spend up to $7,000 yearly on gas and EV charging at approved locations to get the most out of your 4% cash back incentives.

Following the close of each February billing statement, you will receive an annual credit card reward certificate that can be redeemed for cash or goods at Costco locations throughout the United States and Puerto Rico for the remainder of the year.

Is The Anywhere Visa By Costco Citi Card For You?

For devoted and committed Costco customers, Citi’s Costco Anywhere Visa® Card is the best option. Additionally, it features competitive cash-back rates for both in-person and online purchases. It gives the highest cash-back rate available on Costco gas.

The primary disadvantage is that you may only redeem your rewards once a year. The majority of people stand to gain from accepting their wages as quickly as feasible so they can use them. Additionally, you risk losing out on those benefits if you close the card or end your Costco membership prior to receiving the annual reward certificate.

The fact that the card doesn’t offer bonus categories for transportation-related activities other than gas station purchases makes it difficult for commuters to use it effectively. Therefore, the Costco credit card is probably not the ideal option if you intended to earn bonus benefits when you ride trains, ferries, or buses. Pay attention to where you spend so you can determine whether you can earn the most rewards on purchases made in categories other than Costco.

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