Costco Anywhere Visa Card Review: A Great Option for Loyal Costco Customers

Costco Anywhere Visa Card Overview

He Citi® Costco Anywhere Visa® Card (see rates and fees) is one of the best store credit cards on the market. If you already have a Costco membership, this card is a solid way to earn rewards on a wide range of purchases, including gas, dining, travel, and Costco purchases, both in stores and online. Card Rating*: ⭐⭐⭐

*Card classification is based on the opinion of TPG editors and is not influenced by the card issuer.

While many cards offer transferable currencies grocery rewardsWholesale clubs like Costco almost always fall outside the rewards category.

While you typically won’t find the best value on most store credit cards —Since they rarely have a big rewards or benefits structure—the Costco Anywhere Visa Card is an exception. With a solid rewards structure that covers more than just Costco purchases, it’s a viable option if you regularly shop at the retailer and beyond.

TPG recommends that applicants typically have a very good Credit Score of 740 or higher.*

*Points Guy credit ranges are derived from the FICO® Score 8, which is one of many different types of credit scores. If you apply for a credit card, the lender may use a different credit score when considering your credit application.

Unlike some store credit cards, you’re earning rewards on more than just Costco purchases: The highest bonus categories on the card are actually eligible gas stations and electric vehicle (EV) charging spots. Keep the long term in mind Costco Travel Savings Potentialand this card is quite valuable for families and beginner travelers who are not looking to add multiple points and miles to their wallets.

Please note that you need to be a Costco member to apply for the card. If you already have one or plan to get one, this card is basically a Card without annual feeIf you don’t shop enough at Costco to make an annual membership worth it, you may want to consider other card options.

Unfortunately, the Costco Visa Anywhere It doesn’t currently offer a welcome offer, but it does offer long-term benefits that make the card worth it for many, especially since it doesn’t charge an annual fee for those with a Costco membership.

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Related: The best limited-time offers and promotions for credit cards

If you are maximizing gas purchases That alone works out to $280 in rewards each year in that bonus category alone. However, it’s worth noting that you’ll only get 1% back (not 4%) on gas and EV charging purchases at big-box stores, grocery stores, convenience stores, and wholesale clubs other than Costco or on non-auto fuel purchases (like jet or boat fuel).

Costco offers two membership levels for consumers: Gold Star ($65) and Executive ($130). If you shop at Costco frequently throughout the year, pairing this card with an Executive membership will allow you to earn even more rewards.

Executive members earn 2% cash back on the first $50,000 spent each year at Costco (up to $1,000 in additional rewards), Costco.com and Costco Travel. Those rewards can be combined with the following rewards: Costco Visa AnywhereThis means you can earn up to 5% on Costco travel and 4% on other Costco in-store and online purchases (although Executive’s 2% earning does not apply to Costco gas purchases).

If you don’t shop at Costco enough throughout the year to justify an Executive membership, the extra 2% cash back probably isn’t worth the extra money to buy the top-tier membership. But if you already shop at Costco enough to have the Executive membership, this no-annual-fee card is a great addition to your wallet.

Related: Everything you need to know about Costco Travel and why I love it for saving money

How to redeem cash back on the Costco Anywhere Visa Card

Costco cash back is redeemed once a year in the form of a reward certificate. You will receive your reward after your February statement closes. Once you have the reward certificate, you can redeem it for merchandise or cash at a Costco location.

Depending on the amount of your cash back and the Costco where you redeem it, you may receive your redeemed cash back as a check or electronic transfer.

This redemption method is much more restrictive than the typical one. Cash back cardBut it’s rare for a store card to offer rewards that can be used on anything other than merchandise. While waiting a full year to receive cash rewards can be inconvenient, you can redeem them for cash that you can use on whatever you want.

Even though it is putting in solid performance in multiple categories with the Costco Visa AnywhereBut that doesn’t make it the right card for everyone. If you don’t shop at Costco regularly or are looking for a card that lets you earn rewards that you can use year-round, you may want to consider other options:

• If you want to earn more cash back on gas and groceries: He Blue Cash Preferred® Card from American Express is a great option. You’ll get 6% cash back at US supermarkets (up to $6,000 spent per calendar year; then 1% cash back) and on select US streaming services (including Disney+), and 3% cash back on public transportation and gasoline in Gas stations in the United Stateswith an introductory annual fee of $0 for the first year, then $95 (see rates and fees). Cashback is received in the form of Reward Dollars that can be redeemed as a statement credit or at checkout on Amazon.com. For more information, please read our Blue Cash Preferred Full Review.
• If you want a simpler income structure: Consider the Citi Double Cash® Card (see rates and fees). With earnings of up to 2% on all purchases (1% when you make a purchase and another 1% when you pay it off), it’s hard to beat this no-annual-fee card. Plus, you can convert your cash back rewards into fully transferable ThankYou points to another card. To learn more, read our Full review of the Citi Double Cash card.
• If you want to earn travel points: He Chase Sapphire Preferred® Card Earn 3 points for every dollar spent on dining and 2 points for every dollar spent on travel purchases. It has an annual fee of $95, making it a great option for those looking to keep their annual fees low while still earning travel rewards. For more details, check out our Full Review of the Chase Sapphire Preferred.

For additional options, please see our full list of Best Cash Back Credit Cards.

Read more: The 5 best Visa cards for Costco purchases

If you have a Costco membership and shop there regularly, Costco Anywhere Visa Card It’s a card worth considering. With a solid rewards structure that covers many purchases, including gas, restaurants, travel, and Costco, this card offers good value for money, especially for families and first-time travelers.

The card offers no annual fee and offers additional rewards for executive members, making it useful for those who shop at Costco regularly. However, be aware of restrictions on how you can redeem your cash back.

Apply here: Costco Visa Anywhere

For Blue Cash Preferred rates and fees, click here. here.