WalletHub Rating
3.6/5
The Costco Credit Card is a good option for Costco members with credit scores of 750+ whose most common expenses include gas, travel and dining, in addition to Costco purchases. The Costco Anywhere Visa offers 2% - 4% cash back in those spending categories, and it's easily worthwhile, thanks to a $0 annual fee. Costco membership will run you at least $60 per year, though.
WalletHub Rating Breakdown
User Reviews
3.6/5
1,036 reviewsRead and write reviews
Editor’s Review
4.7/5
John Kiernan, Credit Card EditorRead full review
Market Comparison
Market Comparison
3.5
The Market Comparison is a key component of the WalletHub Rating, as it measures how appealing the terms of a card are compared to a pool of over 1,500 credit card offers monitored by WalletHub. To ensure cards are evaluated for their most relevant purpose, we score each card across various cardholder needs and select the rating for the need with the highest score, which is “Earn Gas Rewards” for this card.
Fees
5.0
Rewards
3.0
Cost
3.6
Other Features
0.0
3.5/5
Compared against 1,500+ credit cards
KEY TERMS
3% cash back
on restaurants and eligible travel purchases
Accepted Credit Scores
Accepted Credit Scores
Excellent Credit
Costco Credit Card Annual Fee
$0
Costco Credit Card APR on Purchases
20.49% (V)
Costco Credit Card Balance Transfer
APR: 20.49% (V)
Balance Transfer Fee
Costco Credit Card Rewards
Discover one of Citi’s best cash back rewards cards designed exclusively for Costco members
4% cash back on eligible gas and EV charging purchases for the first $7,000 per year and then 1% thereafter
3% cash back on restaurants and eligible travel purchases
2% cash back on all other purchases from Costco and Costco.com
1% cash back on all other purchases
Receive an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico
Costco Credit Card's Additional Info
*No annual fee with your paid Costco membership and enjoy no foreign transaction fees on purchases
show more
Apply Now
at Citibank's secure site
Editor's ReviewFact checked
Fact checked
John Kiernan, Managing Editor
September 16th, 2024
Fact Checked by Alina Comoreanu
Senior Researcher
Costco Credit Card Pros & Cons
$0 Annual Fee
1 - 4% Cash Back on Purchases
No Foreign Transaction Fees
No Initial Rewards Bonus
In-Store Rewards Redemption Only
High Regular APR
Costco Credit Card Review
4.7 / 5
The Costco Credit Card is a good option for Costco members with credit scores of 750+ whose most common expenses include gas, travel and dining, in addition to Costco purchases. The Costco Anywhere Visa offers 2% - 4% cash back in those spending categories, and it's easily worthwhile, thanks to a $0 annual fee. Costco membership will run you at least $60 per year, though.
For all of its great rewards, the Costco Credit Card does not offer much interest-rate appeal. Its regular APR is above average for a card that requires excellent credit for approval. There aren’t any low introductory rates, either. So you’d better be ready to pay your bill in full every month if you’re thinking about applying for the Costco Visa Card.
Costco Credit Card Review Highlights
Great rewards for popular spending categories
You will earn 4% cash back on the first $7,000 that you spend on gas each year as well as 3% cash back on travel and dining at restaurants, 2% cash back on Costco purchases and 1% cash back on everything else. Considering the average cash back credit card offers just 1.15%back on purchases,the Costco Anywhere Visa is a great rewards earner.
Just for Costco members
It might seem obvious, but it’s still worth mentioning that you must be a Costco member to get the Costco Anywhere Visa Card by Citi. The good news is you won’t have to worry about paying an annual fee or a foreign fee in addition to Costco dues because the Costco Anywhere Visa Card does not charge them. Furthermore, you can use your card other places than Costco, as it will be accepted anywhere that takes Visa.
Unappealing rewards redemption policy
Unlike most rewards credit cards, which distribute rewards as they’re earned and allow cardholders to redeem them pretty much whenever they want, the Costco Credit Card only pays out rewards once per year, each February. Not only that, but you have to redeem in-store by the end of the year, or you’ll lose the rewards.
Excellent credit required
You need an excellent credit score to qualify for the Costco Anywhere Visa. You can check your credit score for free on WalletHub before applying if you don’t know where you currently stand.
Above-average APR
The Citi Anywhere Visa’s regular APR is above the average among credit cards for excellent credit. In other words, if you anticipate carrying a balance, you can find a cheaper card to do it with.
Finally, it’s worth pointing out that you don’t need the Costco Credit Card to shop at Costco. Any Visa card will work.
Show More
Costco Credit Card Video Review
Compare The Costco Credit Card vs. Popular Alternatives
 Costco Anywhere Visa® Card by Citi |  Citi Double Cash® Card |  Chase Freedom Unlimited® |
|---|---|---|
3.6WalletHub Rating WalletHub Rating 3.6 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Earn Gas Rewards." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. Editor’s Rating 4.7 User Reviews 3.6 Market Comparison 3.5 fees: 5.0 rewards: 3.0 cost: 3.6 Other Features: 0.0 | 4.9WalletHub Rating WalletHub Rating 4.9 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Improve Credit by Paying in Full Each Month." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. Editor’s Rating 5.0 User Reviews 3.4 Market Comparison 5.0 fees: 5.0 rewards: 5.0 cost: 5.0 Other Features: 5.0 | 4.1WalletHub Rating WalletHub Rating 4.1 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Earn Rewards." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. Editor’s Rating 5.0 User Reviews 3.6 Market Comparison 4.0 fees: 3.8 rewards: 3.4 cost: 4.7 Other Features: 0.0 |
annual fee$0 | annual fee$0 | annual fee$0 |
rewards rate | rewards rate | rewards rate |
bonus offer | bonus offer | bonus offer |
Purchase Intro APRNot Offered | Purchase Intro APRNot Offered | Purchase Intro APR0%for15 months |
transfer intro aprNot Offered | transfer intro apr0% for 18 months|Transfer Fee: 3% intro fee ($5 min) for each transfer in first 4 months, after that 5% ($5 min) for each transfer | transfer intro apr0% for 15 months|Transfer Fee: Either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days (5%, min $5 after) |
Regular APR20.49% (V) | Regular APR19.24% - 29.24% (V) | Regular APR20.49% - 29.24% (V) |
Sponsored Apply Now | Sponsored Apply Now | Sponsored Apply Now |
Costco Credit Card FAQ
Can't find what you are looking for? Submit your question about Costco Anywhere Visa® Card by Citi to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this offer. Please keep in mind that it is not a financial institution’s responsibility to ensure all posts and questions are answered. In addition, WalletHub independently collected information for some of the cards on this page.
Most Popular
14
Upvotes
What credit score do you need for the Costco Credit Card?
Reply
Syd Jones, WalletHub Credit Card Analyst
@syd.jones
You need an excellent credit score of 750 or higher to qualify for the Costco Credit Card. You will also need a Costco membership if you don't already have one and enough income to afford monthly bill payments on the Costco Credit Card.
Costco Credit Card Approval Requirements
An excellent credit score
Whether you're interested in the Costco Credit Card or the Costco Business Credit Card, your personal credit standing will largely dictate your odds of approval. Most business credit cards base approval decisions on applicants' personal credit history because it tends to be longer and more predictive.
Enough income & assets
Income and assets shows your ability to pay a new credit card's bills. The more money and valuable items you have to your name, the less risky you're generally considered to be. But these factors are compared to your existing debt obligations.
Low existing debt
Lenders want to make sure you'll be able to make your credit card payment each month. Also, the more debt you have relative to your income, the less confident they'll be about that happening.
Other Things to Keep in Mind
Some online reports mention that people are getting approved for a Costco Credit Card with a credit score lower than 750. But since a lot of other factors are in play, you shouldn't assume that you will be approved just because they were. Plus,getting turned down for a credit cardcan lead to temporary credit score damage.
You can check your credit score for free on WalletHub. If your credit score is already 750 or higher and you have a good debt-to-income ratio, you'll have a better chance of approval. If not, you will need to improve your credit standing first, so make sure to catch up on your current payments, keep your credit utilization below 30%, and build a longer credit history.
10
1
View more answers
15
Upvotes
What are the benefits of a Costco credit card?
Reply
15
1
Chip Lupo, Credit Card Writer
@CLoop
The main benefits of a Costco Credit Card are 4% cash back on the first $7,000 spent on eligible gas purchases each year (1% back thereafter) and 3% cash back at restaurants and on eligible travel expenses. Also, Costco Credit Card users don't have to pay an annual fee on top of their yearly Costco membership dues ($60+).
Benefits of a Costco Credit Card
- 4% cash back on the first $7,000 spent on eligible...
show more
10
View more answers
15
Upvotes
Is it hard to get a Costco Credit Card?
Reply
15
Lisa Cahill, Credit Cards Moderator
@lisacahill
Yes, it is hard to get the Costco Credit Card because you need excellent credit to qualify. That means you need a credit score of 750 or higher, in addition to enough income to afford the monthly bill payments, to get approved for the Costco Credit Card. You also need to be at least 18 years old and have a Social Security Number as well as a Costco membership.
If you're not sure what your score is, you...
show more
10
2
Upvotes
How much is the Costco Credit Card annual fee?
Reply
2
Keyaira Sutton, WalletHub Analyst
@keykey
The Costco Credit Card annual fee is $0. This card is not entirely free, however, as you need to be a Costco member to apply for this card, which costs $60 per year for a basic Gold Star membership or $120 for an Executive membership.
The Costco Credit Card is still a great option as it offers 4% cash back on eligible gas and EV charging purchases (up to $7,000 spent per year), 3% back on restaurants and travel, 2% back on Costco and Costco.com purchases, and 1% back on all other purchases.
Alternative Credit Card Option
If you're in the market for a good rewards card and you don't want to...
show more
1
11
Upvotes
Can you use Costco Credit Card anywhere?
Reply
11
Chip Lupo, Credit Card Writer
@CLoop
Yes, you can use the Costco Anywhere Visa® Card by Citi card anywhere that accepts cards on the Visa network. That means you can use the Costco Credit Card card at 10.7 million merchant locations in the U.S., as well as with millions more merchants across 200+ countries and territories worldwide.
The Costco Credit Card card has a 0% foreign transaction fee, which means you won't incur extra charges for international purchases. The card also comes with an annual fee of $0 and...
show more
39
Upvotes
Does Costco accept Visa credit cards?
Reply
39
3
Maria Adams, Credit Cards Moderator
@m_adams
Yes, Costco accepts all Visa credit cards, Visa debit cards and Visa gift cards. Costco has a contract with Visa and only takes Visa cards, which means you cannot use cards that belong to other major card networks like Mastercard or American Express at Costco. If you don't have a Visa card, you will have to pay by cash or check. This has been the case since June 2016, when Costco switched from only accepting American Express...
show more
1
4
Upvotes
Can I pay my Costco credit card at Costco?
Reply
4
Bogdan Roberts, Credit Cards Moderator
@bogdan_roberts
No, you cannot pay your Costco Credit Card at Costco. The card's payments must be made directly to the issuer. But there are several other ways tomake Costco Credit Card payments, including online and by phone.
Here's how you can pay your Costco Credit Card:
- Online:Sign intoyour account and click the “Payments” tab. Then, select “Make A Payment”, and choose a payment method to complete the transaction.
- Mobile app. Download the app for...
show more
1
12
Upvotes
What happens to my Citi card if I cancel my Costco membership?
Reply
12
John S Kiernan, Managing Editor
@John
If you cancel your Costco membership, your Costco Citi card will also be canceled. The Costco Anywhere Visa® Card by Citi is exclusively for Costco members, and canceling your membership means you no longer have access to the benefits and services associated with the warehouse club, including use of the credit card.
Key Things to Know About Canceling Your Costco Membership
- Once your membership is canceled, you'll be notified that your Costco Credit Card will also be canceled.
- ...
show more
7
6
Upvotes
How do I make a Costco Credit Card payment?
Reply
6
1
WalletHub
@WalletHub
You can make Costco Anywhere Visa® Card by Citi payment online, by phone, through the Citibank mobile app, by mail or at a branch. To pay Costco Credit Card bill online, log in to your online account and click on “Make a Payment.” Then, choose how much to pay, when to pay it, and where the payment is coming from. Citibank does allow cardholders to set up automatic payments, too.
Ways to Make Costco Credit Card Payment
- Online: Log in...
show more
3
1
View more answers
5
Upvotes
How does the Costco Credit Card rental car insurance work?
Reply
5
Elijah Nash, WalletHub Analyst
@Eli.nash
The Costco Credit Card's rental car insurance will cover most car rentals purchased with the card, as long as you decline any insurance offered by the rental agency. If the car is damaged or stolen, you're covered for up to $50,000 in either repair costs or the cash value of the car (whichever turns out to be less). Given that this benefit is free with the Costco Credit Card, it's a lot cheaper than the rental car insurance offered...
show more
3
View more answers
2024 WalletHub Awards
Costco Anywhere Visa® Card by Citi is an Editor's Pick for:
Most Popular Credit Cards
Best Store Credit Cards
Best Citi Credit Cards
People Also Apply For
Citi Double Cash® Card
Chase Freedom Unlimited®
Chase Sapphire Preferred® Card
Wells Fargo Active Cash® Card
Cabela's Credit Card
Blue Cash Everyday® Card from American Express
Target Credit Card
Capital One Quicksilver Cash Rewards Credit Card
Other Costco Cards
Costco Anywhere Visa® Business Card by Citi
Related Credit Card Categories
Costco Anywhere Visa® Card by Citi is related to the following categories:
EMV Credit CardsVISA Rewards Credit CardsHigh Limit Credit CardsCash Back Visa CardCash Back Credit Cards for Excellent Credit
Costco Credit Card Reviews
Share your insights and review for the Costco Anywhere Visa® Card by Citi
5
35%
4
28%
3
18%
2
8%
1
11%
3.6
1,036 reviews
1,036 reviews
What's Your Rating?
Most Recent
Robert Hagmaier
@rhagmaier
2 Star Rating
Very low credit limit: I've been a customer for over 20 years. I had to get a new card about two years ago as my wife passed away, and she was the primary account holder. I have an 830 credit score, a $250,000 annual income, and no debt. The limit was $7,000. I called them to raise it. They will do it once every six months and only increased it to $9,500. I receive offers in the mail with limits two to three times higher.
Comment
CM Reid
@cwalkonin
1 Star Rating
If I could give a negative rating on Citibank, I would! I've had my card for 5 years set on autopay, so I've never been late or missed a payment. I started off with a $7,100 limit, but after buying a new house, the balance went to around $4,000. Citibank dropped my limit to $5,500 where it's been for the last 4 years.
Two weeks ago, I made a $1,700 payment. I planned to buy new tires to earn the reward points. I went into Costco to order the tires, and my card was declined; I was so confused and embarrassed. I called Citibank only to find out they had dropped my credit limit again, leaving me with an $85.56 available balance. I requested a credit limit increase or a refund of my $1,700 payment. Unfortunately, I was given neither. I feel like this is a bad joke. This was some unethical nonsense. I can't wait to pay this card off and close the account. This experience makes me not even want to shop at Costco.
Comment
2
bjcrosby53
@bjcrosby53
1 Star Rating
So 3 months ago, my wife and I decided to open this account because I thought we would be better off with the cash back than the miles we were getting on our other card. Both of our credit scores are above 800, and our yearly income is 300k+. We never carry a balance on any of our cards, and they are paid off monthly, at least for the past 30 years. Citi gave us a credit limit of only $7100, the lowest limit I've had in decades, but whatever. Our last billing statement was at about $6000, and it was paid in full. The funds were transferred from our checking account on the 7th but were not posted to the Citi account. Shortly afterward, on about the 10th, purchases started getting declined because we were at our limit. I called Citibank to find out what happened, and they told me the card was shut down because we were at our limit. I explained that the payment went through on the 7th and that I verified from our bank that the funds were, in fact, sent and in their possession on the 7th. They explained that since the payment was larger than normal, they put a 2-week hold on the funds before crediting the account. Now I have a bunch of bills being declined because of the hold on this account. They even said the hold had to stay on there because they wanted to make sure it wasn't fraudulent activity. I pay my cards off every month, and if this is going to keep happening, I will cancel this card and go back to the other card. I am so not happy with this Costco Citi card.
Comment
Alex Cruz
@Newlife2425
1 Star Rating
This has to be the worst credit card I have ever used. I went on vacation and they flagged my card. They supposedly cleared it up. Then when I came back, they flagged it three times and now it's locked. First, they were sending me an email with a pin and now they are sending a letter and I can't use the card for 7 days. I feel like I'm stuck in the '90s. I wish Costco would return to Amex. Stay away.
Comment
angambhir2
@angambhir2
2 Star Rating
Not a card for international travel. While it has no international fees, it's very sensitive to flagging international purchases as fraud, which in itself is not so bad. But after the first time it got flagged, we spoke to a Citi representative. They cleared it up. Then it happened again and again. We called again, and they did not know how to resolve it. Overall, we spent about 40 minutes with Citi multiple support reps. Honestly they did not seem to care. My card is still locked due to 'fraud'. I'm just going to leave it locked. It's not worth the time to run around in circles with untrained support staff. Also, the way you have to redeem the Costco credit you earn is clumsy and limited... it's 2024, but it feels like a 1999 process. My other cards offer better benefits, and I never need to call support for anything. I use the card now just as a Costco ID.
Comment
Bre Gia
@Sweety
3 Star Rating
Citi Card will charge you interest even after you pay your balance in full. If you call to try to dispute it, you will get a runaround and they will not remove it, claiming that it is normal practice. Goodbye, Citi Card and your shady methods. I'll use my other cards.
Comment
donnamwebb98
@donnamwebb98
1 Star Rating
Have several family members with issues ranging from not being allowed to increase credit limits to receiving no assistance with fraudulent charges. Looks like Costco Citi might be losing a few more customers soon. Better customer service was experienced when AmEx supported Costco.
Comment
Nora Baclig
@norabaclig
5 Star Rating
This is an excellent credit card. I was able to get cash back every year after the February statement, more than I paid for the annual executive membership fee. I used the card for travel, hotels, dining, gas, and others (1% back). Besides your Costco cash back, you also receive cash back from the Citi Costco card. There are no transaction fees when using this card internationally, which is usually accepted and most preferable card which is Visa, and that is a plus. It's easy to dispute a charge when you try to cancel your purchase of a product or service that you are not satisfied with or has not been rendered yet, especially if the vendor or company does not acknowledge the reason for your cancellation. Outstanding customer service and benefits with my Citi Costco business card!
Comment
Richard Keen
@FarmerHuck
1 Star Rating
Do not sign up for this card. They sent my first card to an old address, even after I called and verified my home address. I have since called them four more times trying to get my card. They are refusing to help me because I do not have a way to verify myself, despite giving them all of my information. More than three weeks later, I still have no card and no idea where it is. Additionally, the supervisor I was escalated to refused to transfer me to his supervisor. Stay away from all things Citi Bank.
Comment
jtglenn
@jtglenn
1 Star Rating
I despise their monthly billing system. It's not like others. For me, the Costco Anywhere Visa billing is confusing and hard to understand, so now I use it as little as possible and use another card.
Comment
Review Costco Anywhere Visa® Card by Citi
Expert Thoughts on Costco Credit Card
To help consumers better understand the pros and cons of a wholesale club credit card such as the Costco Anywhere Visa® Card by Citi, WalletHub posed the following questions to a panel of experts. You can see who they are and what they had to say below.
- If someone joins a wholesale club like Costco, does it automatically make sense to apply for the club’s co-branded credit card?
- Would it ever make sense to join a wholesale club like Costco just to get its co-branded credit card?
- How much of an impact do you think a chain like Costco’s choice of card-network partner (e.g. Visa/Mastercard) has on consumers?
- How should consumers evaluate a credit card that pays out rewards once per year against a card that pays out rewards on a rolling basis?
David Reibstein
Professor of Marketing, William Stewart Woodside Professor, Wharton School of the University of Pennsylvania
Read More
Emily Goenner Munson
Instructor of Business Communication, Marketing Department, Herberger Business School, St. Cloud State University
Read More
Neel Das
Professor and MBA Director, Department of Marketing & Supply Chain Management, Walker College of Business, Appalachian State University
Read More
Ramarao Desiraju
Professor of Marketing, University of Central Florida, College of Business Administration
Read More
Alan Montgomery
Professor of Marketing, Tepper School, Carnegie Mellon University
Read More
Carol D. Portillo
Adjunct Professor of Marketing, St. Edward's University
Read More
More Experts
Costco Anywhere Visa® Card by Citi
Credit Cards
>
Citibank
Important Disclosures
Ad Disclosure: Certain offers that appear on this site, including the Costco Anywhere Visa® Card by Citi, originate from paying advertisers. For full transparency, here is a list of our current advertisers.
Advertising impacts how and where offers appear on this site (including, for example, the order in which they appear and their prevalence). At WalletHub, we try to list as many credit card offers as possible and currently have more than 1,500 offers, but we do not list all available offers or financial service companies.
Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. Advertising does not impact WalletHub's editorial content including our best credit card picks, reviews, ratings and opinions. Those are completely independent and not provided, commissioned, or endorsed by any issuer, as our editors follow a strict editorial policy.
WalletHub is not a financial advisor. Our goal is to provide you with top-notch content, data, and tools. You are responsible for deciding what financial products and providers are best for your needs.
Irrespective of whether an institution or professional is a paid advertiser, the presence of information on WalletHub does not constitute a referral or endorsem*nt of the institution or professional by us or vice versa.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. Actual terms may vary. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
* The information about the following cards has been independently collected by WalletHub: Cabela's Credit Card and Target Credit Card.
