Costco Anywhere Visa® Card Review & Benefits

The Costco Anywhere Visa® Card by Citi is a cash-back credit card that is a good option for Costco members who spend a lot of money on gas, travel, and dining. The card has a $0 annual fee and offers a simple rewards structure:

• 4% cash back on gas (excluding superstores)
• 3% cash back on travel and dining
• 2% cash back on all other purchases

Cardholders earn cash back rewards once a year in the form of a Costco Cash Back certificate. The certificate can be redeemed at any Costco location for merchandise or travel.

Benefits

In addition to its generous cash back rewards, the Costco Anywhere Citi card also offers a number of other benefits, including:

• Extended warranty protection: Purchases made with the Costco Anywhere Citi card are automatically eligible for an extended warranty of up to two years.
• Travel insurance: Cardholders are automatically enrolled in travel insurance benefits, including trip cancellation/interruption insurance, lost luggage reimbursement, and travel accident insurance.
• Price protection: If you find a lower price on an eligible item within 90 days of purchase, Citi will refund you the difference.
• Costco member discounts: Cardholders can save even more money on Costco purchases by using their Costco Anywhere Citi card at checkout.

Drawbacks

While the Costco Anywhere Citi card is a great option for many Costco members, there are a few drawbacks to consider:

• Rewards are only issued once a year: This can be inconvenient for some cardholders who prefer to redeem their rewards more frequently.
• No introductory APR: The card does not offer an introductory APR, so you will begin accruing interest on your purchases from the date of your first statement.
• Limited customer service: Citi’s customer service has been criticized for being slow and unresponsive.

Overall, the Costco Anywhere Citi card is a good option for Costco members who spend a lot of money on gas, travel, and dining. The card’s generous cash back rewards and extended warranty protection make it a valuable addition to any Costco member’s wallet.

Who should get this card?

The Costco Anywhere Citi card is a good option for:

• Costco members who spend a lot of money on gas, travel, and dining.
• Cardholders who are looking for a simple rewards structure.
• Cardholders who are not interested in an introductory APR or extensive customer service.

Who should not get this card?

The Costco Anywhere Citi card is not a good option for:

• Cardholders who do not shop at Costco frequently.
• Cardholders who want to redeem their rewards more frequently than once a year.
• Cardholders who are looking for an introductory APR or extensive customer service.

Additional Perks:

1. Worldwide Acceptance: The Costco Anywhere Citi card is a Visa card, which means it is widely accepted globally. This can be advantageous for travelers who frequently go abroad.
2. Costco Cash Redemption Flexibility: While the rewards are issued annually, the Costco Cash Back certificate provides flexibility in how it can be redeemed. Cardholders can use it not only for merchandise but also for travel, giving them some freedom in choosing how to utilize their cash back.
3. No Foreign Transaction Fees: For those who travel internationally, the card’s lack of foreign transaction fees can be a significant cost-saving feature. Many credit cards charge fees for transactions made in foreign currencies, but this card eliminates that expense.

Usage Tips:

1. Combine with Costco Membership: The card works in conjunction with your Costco membership, enhancing your overall savings when shopping at Costco. Cardholders can maximize benefits by taking advantage of member discounts and using the card for purchases.
2. Utilize Travel Insurance: Travel insurance benefits can be highly beneficial for frequent travelers. Review the specifics of the coverage to understand how it can protect them during trips.

What credit score do you need to get approved for the Costo Anywhere Visa® Card by Citi?

The Costco Anywhere Visa® Card by Citi typically requires a credit score of 750 or higher to be approved. This is considered an excellent credit score. However, there are other factors that Citi considers when approving applications, such as your income, debt-to-income ratio, and credit history.

If you have a credit score of 750 or higher, you have a good chance of being approved for the Costco Anywhere Citi card. However, if your credit score is lower, you may still be able to be approved if you have a strong credit history and a low debt-to-income ratio.

Where can I use my Costco Anywhere Visa® Card by Citi

You can use your Costco Anywhere Visa® Card by Citi almost anywhere Visa is accepted, which is over 10.7 million merchants in the U.S. alone and in more than 200 other countries and territories. This includes:

• Retail stores: You can use your card to buy groceries, clothes, electronics, and other merchandise at a wide variety of retailers.
• Restaurants: You can use your card to pay for meals at restaurants all over the world.
• Travel: You can use your card to book flights, hotels, and other travel expenses.
• Gas stations: You can use your card to pay for gas at most gas stations in the U.S.
• Online purchases: You can use your card to make purchases online from a wide variety of retailers.

In addition to these general categories, there are a few specific places where you can use your Costco Anywhere Citi card to get additional benefits:

• Costco warehouses: You can use your card to pay for purchases at Costco warehouses, and you can also use it as your Costco membership ID.
• Costco.com: You can use your card to make purchases on Costco.com, and you will earn 2% cash back on all purchases.

How do I cash out my Costco rewards or redeem my Costco rewards certificate from my card?

To cash out your Costco Anywhere Visa® Card rewards, you can either redeem them for cash or merchandise at any Costco warehouse in the U.S. or Puerto Rico. You can also redeem your rewards online at Costco.com.

Here are the steps on how to cash out your Costco Anywhere Visa® Card rewards:

To redeem for cash:

1. Bring your Costco Anywhere Visa® Card rewards certificate to any Costco warehouse in the U.S. or Puerto Rico.
2. Present your certificate to a cashier at the checkout counter.
3. The cashier will give you cash for the amount of your certificate.

To redeem for merchandise:

1. Bring your Costco Anywhere Visa® Card rewards certificate to any Costco warehouse in the U.S. or Puerto Rico.
2. Shop around the warehouse and find the items you want to purchase.
3. Bring your items to the checkout counter.
4. Present your certificate to the cashier.
5. The cashier will deduct the amount of your certificate from your purchase total.

To redeem online:

1. Go to Costco.com and sign in to your account.
2. Click on the “My Account” tab.
3. Select “Costco Anywhere Visa® Card Rewards” from the drop-down menu.
4. Click on the “Redeem Rewards” button.
5. Enter the amount of your certificate and click on the “Redeem” button.
6. Your rewards will be applied to your next online purchase.

Please note that you cannot cash out your Costco Anywhere Visa® Card rewards for more than $2,500 at a time. You can also redeem your rewards for travel, but you will need to contact Citi customer service to do so.