Anúncios
Costco Anywhere Visa is an exclusive credit card for Costco members that offers a robust cash back program in several categories.
This allows cardholders to earn 4% cash back on gas purchases, 3% on dining and travel, 2% on Costco purchases and 1% on all other transactions.
This card has no annual fee, but you must have an active Costco subscription to use it.
In addition to working as a credit card, it also works as a Costco membership card, providing greater convenience for consumers who store frequently at the store.
It’s a great option for maximizing rewards on Costco purchases and high-spending categories, but this card has some limitations, including that the cash back accumulated can only be redeemed once a year in the form of a coupon.
Costco Anywhere Visa
4% cash back No annualHow the Costco Anywhere Visa works?
The Costco Anywhere Visa is issued by Citi and offers cash back in four main categories.
- Gasoline costs 4% (including non-Costco gas stations, up to $7,000 per year, 1%).
- 3% on flights, hotels, car rentals, restaurants and travel.
- 2% on purchases at Costco and Costco.com.
- 1% on all other purchases.
Cumulative cashback is calculated throughout the year and can only be redeemed once a year in the form of a voucher sent with your February bill. This voucher can be used for purchases at Costco or exchanged for cash at any Costco store.
This card also offers financial management features via the Citi Mobile app, allowing you to track your spending and monitor the cashback you have accumulated.
Main benefits of Costco Anywhere Visa
The biggest benefit of the Costco Anywhere Visa is its differentiated cashback structure of 4% on gas, one of the highest rates on the market in this category. This is ideal for consumers who spend on fuel frequently.
Another highlight is the 3% for eating out and travel, which is a great benefit for those who eat out and travel regularly. In addition, 2% off Costco purchases directly helps members save money on frequent in-store spending.
Another important benefit is that there is no annual fee, although an active Costco membership is required.
This card also functions as a Costco membership card, eliminating the need to carry two cards.
You will be redirected to the official website
Cons of Costco Anywhere Visa
Despite its advantages, the Costco Anywhere Visa has some limitations. On the one hand, the cashback accumulated can only be redeemed once a year, which may not be ideal for consumers who want frequent access to rewards.
Another disadvantage is that this card has no annual fee, but requires an active Costco membership. Non-members will be charged an additional annual fee.
In addition, because the coupons sent out each year must be redeemed in-store, cash-back benefits are limited to purchases at Costco, which may be inconvenient for some consumers.
APR and fees
Costco Anywhere Visa purchases and balance transfers are subject to a variable APR of 20.74% based on the cardholder’s creditworthiness.
No introductory APR period is offered, which can be a disadvantage for those looking to finance purchases or consolidate debts without paying interest up front.
The card has no annual fee, but you must have an active Costco subscription to use it. In addition, this card does not charge international transaction fees, making it a good option for those who travel frequently.
Late payments or unpaid balances can cause significant financial stress due to the relatively high annual interest rates, making it even more important to pay the balance in full whenever possible.
How to apply for the Costco Anywhere Visa
To apply for a Costco Anywhere Visa, applicants must be Costco members. Applications can be made online, on the Citi website or at a Costco store.
At this point, you will need to enter basic information such as your name, address, annual income and Costco membership number.
Once approved, a physical card will be sent to your registered address. It can also be used as a Costco membership card.
The digital version can be used immediately for online purchases and digital wallets such as Apple Pay and Google Pay.
The card is managed via the Citi Mobile app, where you can track transactions, monitor accumulated cashback and set financial alerts.
To maximize the benefits, users should focus their spending on categories that offer higher cashbacks, such as: Gas, restaurants and purchases at Costco. Gas, restaurants and Costco purchases.
