If you’re a business owner, you should consider signing up for the Costco Anywhere Visa® Business Card by Citi! Cardholders has the chance to earn 4% cash back on gas purchases for up to $7,000 per year as long as they’re a Costco member.
In addition to the valuable cash back opportunity, it also earns 3% back on restaurants and eligible travel purchases as well as 2% back on Costco purchases, while also earning 1% back on all other purchases.
Compared to other store cards, you can use your card anywhere that accepts Visa card and if you’re planning to travel, no foreign transaction fees is charged for any purchases made outside of the U.S.
All Costco members will be automatically eligible for this card which has no annual fee! Plus, your card conveniently doubles as your Costco membership ID. Continue reading below to learn more about its features and benefits!
* The Costco Anywhere Visa® Business Card is issued by Citi Bank. They also offer great sign-up bonuses for their Checking/Savings accounts. You can also compare this card with other credit card bonuses!
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Table of Contents
Costco Anywhere Visa® Business Card Summary
|Bonus Available||No sign-up bonus available for this card|
|Ongoing Rewards/Benefits||Earn the following rewards:
Earn Costco cash rewards anywhere Visa is accepted
Get extra protection on eligible business purchases with an extended 2-year warranty.
Earn cash back faster by adding employees as Authorized Users.
|Foreign Transaction Fees||None|
|Cash Advance Fees||Either $10 or 5% of the amount of each cash advance, whichever is greater.|
|Annual Fee||No annual fee; Costco membership required|
- No annual fee
- No foreign transaction fees
- Extended warranty protection
- No sign-up bonus
- Excellent credit needed to qualify
- Costco membership required
Earning Costco Cash Rewards on Purchases
You can easily earn Costco Cash Rewards for purchases whenever you’re using your card account, however any returns or refunds made aren’t counted.
- 4% cash back on eligible gas worldwide, including gas at Costco, for the first $7,000 per year in gas purchases and then 1% thereafter.
- 3% cash back on restaurant (including cafes, bars, lounges and fast food restaurants) and eligible travel purchases worldwide, including airfare, hotels, car rentals, travel agencies, cruise lines and Costco Travel.
- 2% cash back on all other purchases from Costco and Costco.com.
- 1% cash back on all other purchases, including the non-qualifying purchases listed above.
What doesn’t qualify as a purchase?
Any of the following doesn’t qualify as a purchase that earn Costco Cash Rewards:
- Use of checks that access your Card Account
- Balance transfers
- Cash advances
- Travelers checks, foreign currency purchases, money orders, wire transfers and similar cash-like transactions
- Lottery tickets, gaming chips and similar betting transactions
- Interest and account fees
- Unauthorized charges
- Items returned for credit
Costco Anywhere Visa® Business Card Benefits
Extended Warranty: If you make your purchase with your Costco Anywhere Visa Business Card or Costco credit card reward certificate, Citi will extend your manufacturer’s warranty for an additional 2 years from the date the Costco Concierge Warranty expires for total coverage up to a maximum of 7 years from the purchase date. You’re covered for up to $10,000 per item.
Damage & Theft Purchase Protection: This covers you for repairs or a refund if purchases made with your card are damaged or stolen within 120 days or purchase or 90 days for New York residents.
$0 Liability on Unauthorized Charges: You’re completely protected against unauthorized charges on your account. At Citi, you will not be responsible for a charge that you did not authorize, online or otherwise.
Travel & Emergency Assistance: If you need assistance before or during a trip, services are available 24/7 for emergency travel arrangements, travel issues, medical and legal referrals and much more.
Worldwide Car Rental Insurance: No matter what car you rent, anywhere in the world, you may be covered against theft or damage when you pay with your Citi card and decline the rental company’s collision loss/damage insurance.
Why You Should Apply For This Card
With 4% cash back on up to $7,000 spent on gas per year, you can easily get $280 in cash back every year. You can maximize your savings by combining this high cash back rate with the 3% cash back rate for travel expenses including airfare, hotels, car rentals, travel agencies, cruise lines, and Costco Travel.
If you have a Costco membership, this credit card will be perfect because it offers a great 2% cash back rate on all Costco purchases. No matter what you use your card for, you’ll be able to earn at least 1% cash back. Plus, this card is a Visa so it can be used almost anywhere!
Enjoy all of these great card features without having to worry about an annual fee! While you’re saving money on gas and restaurant/travel purchases, you’ll be saving even more without an annual fee.
Sign up for the Costco Anywhere Visa® Business Card by Citi so you can start saving on gas, travel, and Costco expenses. As long as you’re a Costco member, you will be automatically eligible for this card and the chance to earn 4% cash back on gas purchases for up to $7,000 per year and then 1% for any additional purchases.
Not to mention, there is no annual fee for this card so all of the cash back that you earn on gas purchases, travel purchases, and Costco purchases will go straight to your pocket. Apply online now and start earning your Costco Cash Rewards points. Find more great cards from our full list of Credit Card Promotions.
Disclaimer: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.
Who’s the Competition?
The Chase Ink Business Preferred Card offers 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That's $1,250 toward travel when redeemed through Chase Ultimate Rewards®.
You'll earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year; 1 point per $1 on all other purchases - with no limit to the amount you can earn. Furthermore, points are worth 25% more when you redeem for travel through Chase Ultimate Rewards.
This card does come with a $95 annual fee but does not have any foreign transaction fees.
The The Business Platinum Card® from American Express has a welcome offer of 100,000 Membership Rewards points after you spend $15,000 on eligible purchases within the first 3 months of Card Membership.
You'll also earn 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com. In addition, you'll get 50% more Membership Rewards® points. That's 1.5 points per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.
If you use your Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, you can get 35% of the points back, up to 500,000 bonus points per calendar year.
PAY OVER TIME OPTION: A flexible payment option to help manage cash flow on purchases of $100 or more.
This card does come with a $595 annual fee. (See Rates & Fees) Now, you can earn up to $200 in statement credits annually by getting up to $100 semi-annually for U.S. purchases with Dell. Terms apply.
The Capital One Spark Miles for Business offers a one-time bonus of 50,000 miles - equal to $500 in travel - once you spend $4,500 on purchases within the first 3 months from account opening.
Your miles won't expire for the life of the account, and there are no categories to limit where or what you buy and you can earn 2 miles per $1 on every purchase. And 5X miles on hotel and rental car bookings through Capital One TravelSM using a Spark Miles card
There is an annual fee of $95, however, there is a $0 intro annual fee for the first year. Enjoy no foreign transaction fees and fly on any airline, anytime, with no blackout dates or seat restrictions.