Thu. Feb 29th, 2024
Costco Anywhere Visa REVIEW!  (Costco Credit Card Rewards & Benefits)

Is the Costco Anywhere Visa card the BEST credit card for Costco purchases – and should you get it? I’ll reveal the answer in this in-depth review! Click “Show More” to see Ad Disclosure.

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WELCOME BONUS (April 2021)
- None

ANNUAL FEE = $0*
*Costco memberships cost $60 - $120 per year

EARNING CASH BACK

- 4% Gas: Costco gas stations | Non-Costco gas stations| Worldwide | Up to $7K spend per year, then 1%
- 3% Restaurants
- 3% Travel
- 2% Costco: In store | Online
- 1% Other Purchases

REDEEMING CASH BACK - How To Redeem Costco Rewards

2 Main Methods:
- Merchandise
- Cash: Including physical cash, check, or electronic transfer
- Note: Both options must be completed in a single transaction at a U.S. Costco warehouse location (incl. Puerto Rico).

Costco Reward Certificate
- Cash back will be awarded 1x per year in the form of a certificate
- Certificate becomes available once your February billing statement closes
- Certificate is valid through December 31 of each year

How You’ll Receive Your Certificate
- If enrolled in Paperless Statements: Issued via email
- If NOT enrolled in Paperless Statements: Issued on last page of your Feb. paper statement

FAQ

Q1: Do I need to print the certificate to redeem in store?
A: No. You can access it via the Citi mobile app & present it on your mobile device.

Q2: What happens if I don’t use the full balance in 1 transaction?
A: You’ll receive the remaining balance in cash at checkout.

Q3: Does the certificate expire?
A: Yes. It expires on Dec. 31st each year.

Q4: What if I lose my certificate?
A: You can request a replacement certificate via your Citi online account.

COSTCO ANYWHERE VISA BENEFITS

- Citi Entertainment: Get early / preferred access to thousands of entertainment experiences, like concerts, sporting events, etc.

- No Foreign Transaction Fees

INSURANCE & PROTECTIONS

- Extended Warranty: Extends manufacturer’s warranty by 2 years.

- Damage & Theft Purchase Protection: May cover you for repairs or issue a refund if purchases made with your Citi card are damaged or stolen within 120 days of purchase (90 days for New York residents).

- Travel & Emergency Assistance Services

- Travel Accident Insurance

GOOD TO KNOW

- Must be a Costco member to apply

- If you CANCEL your Costco Membership…
- Your Costco Anywhere Visa card will be cancelled.
- Cash back rewards that have been issued can still be used through December 31st.
- Cash back rewards that have not been issued will be forfeited.

UNLOCK BIGGER CASH BACK – BEFORE
- 4% Gas
- 3% Restaurants
- 3% Travel
- 2% Costco
- 1% Other Purchases

UNLOCK BIGGER CASH BACK – AFTER
- 4% Gas
- 3% Restaurants
- 5% Travel
- 4% Costco
- 1% Other Purchases

HOW THIS WORKS…

Costco Executive Members earn an extra 2% cash back on the first $50,000 spent per year ($1,000 max in additional rewards) on Costco, Costco.com, and Costco Travel purchases. This extra 2% reward is issued as a separate certificate, but it makes your total annual return even greater.

HOW IT COMPARES
- Costco Anywhere Visa = 2% cash back at Costco
- US Bank Altitude Reserve = 3% mobile wallet (incl. Costco) for cash back redemptions or 4.5% mobile wallet (incl. Costco) for travel redemptions
- Costco Anywhere Visa + Costco Executive Membership = 4% total cash back

SHOULD YOU GET IT?

YES if you…
- Shop at Costco frequently
- Spend a lot on gas, dining & travel
- Prefer cash back over travel rewards
- Want extended warranty protection
- Are ok with redeeming only 1x per year

NO if you…
- Don’t shop at Costco
- Don’t spend a lot on gas, dining & travel
- Prefer travel rewards over cash back
- Don’t want to wait a full year to redeem
- Don’t want the inconvenience of driving to a warehouse in order to redeem

OTHER CASH BACK CREDIT CARDS TO CONSIDER
- Amazon Prime Rewards Visa Signature Card
- Discover it Cash Back Credit Card
- Bank of America Cash Rewards Card
- Citi Double Cash credit card
- Target RedCard
- Sam's Club Credit Card / Sam's Club Mastercard
- Chase Freedom Flex
- Chase Freedom Unlimited
- U.S. Bank Cash+ Visa Signature Card
- Capital One Quicksilver
- Capital One Savor
- Amex Blue Cash Everyday
- Amex Blue Cash Preferred
- PayPal Cashback Mastercard

Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.

#creditcards #costco #cashback

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