No, the Costco Credit Card doesn’t have pre-approval. However, you may be pre-selected for an application. Getting pre-selected for a Costco Credit Card indicates that your chances of being approved for an account are high (70%), should you decide to apply. To respond to a Costco Credit Card pre-selected offer, visit the website listed in your offer and enter the invitation code. This allows Citibank to flag the application as pre-selected.
Costco Credit Card pre-selection doesn’t affect your credit score, as it’s done using a soft pull. But if you decide to submit an application, Citibank will conduct a hard pull, which will lead to a slight, but temporary decrease in your credit score.
Things to Consider Before Applying for the Costco Credit Card
The Costco Credit Card requires excellent credit for approval. This means you need a credit score of at least 750. If you don’t know where you stand, you can check your credit score for free on WalletHub.
If you don’t meet the credit score requirement, you can also consider applying for other good credit cards for Costco purchases. For example, you could check out the Chase Freedom Unlimited® card or the Upgrade Cash Rewards Visa® card.
Ultimately, you can also use WalletHub’s CardAdvisor tool. Just answer a few general questions and, based on your responses, CardAdvisor will provide you with credit card offers tailored to you.
This answer was last updated on 01/15/24 and it was first published on 05/27/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
