If you’re looking for a rewards credit card that gives you access to exclusive discounts and savings at Costco and many other retailers, the Costco Anywhere Visa Card is your best bet.
You get to enjoy generous cash back rewards on all purchases made with the card as well as discounts and offers on all Costco stores nationwide. Earn even more rewards when you shop for groceries, use the card for gas or EV charging, and more.
Read on to learn more about the Costco Anywhere Visa Card and how you can apply.
- A Card Made for Costco Shoppers
- How to Earn Rewards and Redeem Them
- Check to See If You’re Eligible
- Comparing the Costco Anywhere Visa Card
A Card Made for Costco Shoppers
The Costco Anywhere Visa Card is one of the most popular cashback credit cards in the US. With its customer-centric features, you are assured that you will get the most out of using this card at Costco.
The card, offered by Citibank, offers one of the highest rewards rates across many categories so you are always rewarded for using the card. If you regularly shop at Costco, this is the right card for you.
It offers 4% cash back on gas and EV charging purchases, 3% on restaurant and travel purchases all over the world, 2% on all other purchases from a Costco store or at the official Costco website, and 1% cash back on all other purchases.
Additionally, the Costco Anywhere Visa Card has a variable APR of 19.49%.
Benefits of Costco Anywhere Visa Cardholders
The Costco Anywhere Visa Card is one of the most convenient cards to use. It lets you shop at Costco and use it as your digital wallet. You can even use the card to pay with just a tap.
The card also has no annual fee as long as you maintain your Costco membership and does not have any foreign transaction fees, so you can use it anywhere in the world.
Lastly, you get special access to purchase tickets to thousands of different shows and events.
How to Earn Rewards and Redeem Them
Earning and redeeming rewards is very simple with the Costco Anywhere Visa Card. Use the card when shopping at Costco or anywhere else that accepts Visa.
Continue to do so until you accumulate enough reward points to redeem them for a different set of rewards later on.
The only downside to using this card when it comes to redeeming rewards is that you can only redeem your rewards once a year, specifically in February through a certificate.
This certificate expires at the end of that same year when you redeem the rewards.
A Program That Protects Your Every Purchase
While there are a lot of features that the Costco Anywhere Visa Card excels at, its excellent purchase protection program is quite underrated.
For example, if you purchase an item online and it either gets stolen or damaged, Costco will reimburse the amount of your purchased item as long as it is declared within three to four months when you bought the item.
With the Costco Anywhere Visa Card, you are always assured that you get the item that you need.
Check to See If You’re Eligible
Before you can apply for the Costco Anywhere Visa Card, you need to know first if you are eligible for the card.
Costco has high standards when it comes to their eligibility requirements but it is offset by the many perks and benefits you get from having the card.
One requirement that they will always ask of you is to have a credit score of at least 740. The card is also exclusively available to Costco members so if you do not have a Costco membership, you must get one first at the official Costco website.
Learn How to Apply
You can apply for the card at the official Costco Anywhere Visa Card page found on the official website.
The application process is very simple. Simply fill out the application form and provide information such as your name, address, and other required details. Review the information provided and read through the entire Terms and Conditions page before submitting your application.
It will take a few business days before you learn if you have been approved. Once you are approved, you can use the Costco Anywhere Visa Card as your Costco membership ID to enter any Costco branch.
Comparing the Costco Anywhere Visa Card
The Costco Anywhere Visa Card is often compared to competing credit cards such as the Alliant Cashback Visa Signature Credit Card or the Fidelity Rewards Visa Signature Card.
Both examples only provide 2.5% and 2% cash back for every purchase that you make but what it lacks is the 4% cash back reward if you use the card for gas.
This is where the Costco Anywhere Visa Card shines as the ultimate rewards card for those who use their card for gas and electric vehicle charging.
The Right Card for Costco Shoppers
If you’re still wondering if you should get this card, this is the moment that will help you decide. If you are a regular Costco shopper who doesn’t mind driving to your local Costco store to shop, then the Costco Anywhere Visa Card is a great fit for you.
Those who are looking for a great gas card that rewards them for purchasing gas should also look into applying for this card as well.
If you have further inquiries, you can contact Citibank customer service at 1-800-347-4934 or contact them by mail at Citibank Customer Service, P.O. Box 6500, Sioux Falls, SD 57120.
Conclusion
The Costco Anywhere Visa Card is easily one of the best and most competitive reward credit cards out there. It offers a lot of great perks and benefits that a regular Costco shopper can take advantage of.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
