Maximize Your Savings with the Costco Anywhere Visa Card

Learn how the Costco Anywhere Visa Card can help you save money on your Costco shopping trips with its generous cash-back rewards and no annual fee. Earn up to 4% cash back on gas, 3% on restaurants and travel, and 2% on Costco purchases.

Maximize Your Savings with the Costco Anywhere Visa Card

If you’re a fan of shopping at Costco, then having a Costco credit card could be a great addition to your wallet. The Costco Anywhere Visa┬« Card by Citi is a cash-back credit card that offers rewards specifically designed to help you save on your next Costco shopping trip. And the best part? There’s no annual fee.

Maximize Your Savings with the Costco Anywhere Visa Card - 146282470

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The Costco Anywhere Visa Card offers a variety of rewards on different categories of spending. You’ll earn 4% cash back on eligible gas and electric vehicle charging, up to the first $7,000 spent per year, and then 1% after that. You’ll also earn 3% cash back at restaurants and on eligible travel purchases, and 2% cash back on other Costco and Costco.com purchases. For all other spending, you’ll earn 1% cash back.

It’s important to note that the Costco Anywhere Visa Card has a variable APR of 20.49%. While this is slightly lower than many other credit cards, it’s still a high APR. It’s recommended to pay off your balances in full each month to avoid accruing high-interest debt.

One of the benefits of the Costco Anywhere Visa Card is that there is no annual fee. However, you do need to have an active Costco membership to be approved for the card. The annual cost of a Costco membership is $60 for Gold Star Members and $120 for Executive Members. Executive Members also earn an additional 2% annual reward on Costco spending, which is applied in addition to the rewards earned with the Costco credit card.

Unfortunately, the Costco Anywhere Visa Card does not currently offer a cash welcome bonus for new cardholders. However, the ongoing rewards can still provide significant savings, especially if you are a regular Costco shopper.

To redeem your rewards, you’ll receive a rewards certificate with your February billing statement each year. This certificate can be used like cash at Costco warehouse locations. However, there are some restrictions to keep in mind. The rewards certificate must be used by December 31 of the year you receive it, and it can only be used at Costco warehouses in the U.S. You must also redeem the certificate in a single transaction. Alternatively, you can use your rewards to purchase a Costco Shop Card, which can be used online or at Costco gas stations.

In terms of additional benefits, the Costco Anywhere Visa Card offers standard features such as no foreign transaction fees, travel and emergency assistance services, travel accident insurance, and roadside dispatch.

Overall, the Costco Anywhere Visa Card is a great option for Costco members who want to maximize their savings. With its generous cash-back rewards and no annual fee, it’s a valuable addition to your wallet. Just make sure to pay off your balances in full each month to avoid high-interest debt.

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