Costco Anywhere Visa Review: Bulked-Up Savings for Members

Costco members can turn their everyday spending on gas, travel and dining out into rich rewards at the wholesale club, but you won't get big discounts at the store itself.
Sep 20, 2021

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Our Take

4.6

NerdWallet rating 
The bottom line:

Costco loyalists can rack up some nice rewards with this card, but you'll only be able to redeem them once a year — and you'll have to go to a physical Costco store to do it.

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Citibank Costco-Anywhere Visa Card Credit Card
Annual fee
$0
Regular APR
17.49% Variable APR
Intro APR
N/A
Rec. credit score
720-850 (Excellent)
Apply now

on Citibank's application

Methodology

NerdWallet reviews credit cards with an eye toward both the quantitative and qualitative features of a card. Quantitative features are those that boil down to dollars and cents, such as fees, interest rates, rewards (including earning rates and redemption values) and the cash value of benefits and perks. Qualitative factors are those that affect how easy or difficult it is for a typical cardholder to get good value from the card. They include such things as the ease of application, simplicity of the rewards structure, the likelihood of using certain features, and whether a card is well-suited to everyday use or is best reserved for specific purchases. Our star ratings serve as a general gauge of how each card compares with others in its class, but star ratings are intended to be just one consideration when a consumer is choosing a credit card. Learn how NerdWallet rates credit cards.
Frequently asked questions

Yes. The Costco Anywhere Visa® Card by Citi can be used anywhere that accepts Visa, not just at Costco.

There's no annual fee for the card, but you must be a Costco member to apply, and membership starts at $60 a year.

Yes. You must be a Costco member to get the Costco Anywhere Visa® Card by Citi. Since rewards are redeemable only at Costco, there wouldn't be much of a benefit for nonmembers to get the card.

You apply for the credit card separately from signing up for a membership. You don't get the card automatically for becoming a member, nor do you get free membership as a perk of the card.

You earn 4% cash back on gas purchases (at Costco as well as other gas stations) on up to $7,000 in gas spending per year (1% after that); 3% cash back on restaurants and most travel purchases; 2% back at Costco and Costco.com; and 1% cash back on all other purchases.

You have to go to a Costco store to claim your rewards, but you don't have to spend them there.

With the Costco Anywhere Visa® Card by Citi, you receive your rewards once a year through a certificate that comes with your February billing statement. (It will come by email if you’ve signed up for paperless statements.) You must bring the certificate to a Costco location before the end of the year, where you can redeem the rewards for Costco purchases — or for cash.

You must have excellent credit to get approved for the Costco Anywhere Visa® Card by Citi. That generally means a credit score of 720 or above.

If you want rewards that are more flexible than Costco rewards, see our top picks for best gas credit cards.