The Costco Anywhere Visa Card Credit Score requirement is high, typically 750 or above, but the rewards make it worth it.
With 5% cash back on gas and 3% on travel and dining, this card is a great fit for frequent Costco shoppers.
Think this card is right for you? Continue reading to discover the full details, eligibility requirements, and how to apply today!
About the Costco Anywhere Visa Card
The Costco Anywhere Visa® Card by Citi is designed exclusively for Costco members, providing substantial cash-back rewards on various purchase categories.
With no annual fee beyond the Costco membership, cardholders can enjoy benefits such as 5% cash back on gas at Costco and 4% on other eligible gas and EV charging purchases, 3% on restaurants and eligible travel, 2% on Costco purchases, and 1% on all other purchases.
Main card details
Card Type: Credit
Annual Fee: None with a paid Costco membership
Credit Score Requirement: Typically 750 or higher
Cash Back on Gas: 5% at Costco, 4% on other eligible gas and EV charging (up to $7,000 per year, then 1%)
Cash Back on Dining and Travel: 3%
Cash Back on Costco Purchases: 2%
Cash Back on Other Purchases: 1%
Advantages
High Cash-Back Rates on Gas
Earn 5% cash back on gas purchases at Costco and 4% on other eligible gas and EV charging, up to $7,000 annually.
No Annual Fee
This card has no additional annual fee, as long as you maintain an active Costco membership ($60 or $120 per year).
2% Cash Back at Costco
Frequent Costco shoppers can enjoy 2% cash back on all purchases at Costco warehouses and Costco.com.
Disadvantages
High Credit Score Requirement
To qualify for this card, you typically need an excellent credit score (750+ FICO® Score), which may not be accessible to everyone.
Limited Redemption Options
Cash-back rewards are only redeemable once per year in the form of a Costco certificate, which must be used in-store.
Why Choose the Costco Anywhere Visa Card?
Opting for the Costco Anywhere Visa® Card by Citi allows members to maximize their savings on everyday expenses. The card’s impressive cash-back rates across multiple categories make it a valuable tool for those who frequently shop at Costco and beyond.
Additionally, the convenience of having a card that doubles as a Costco membership ID streamlines the shopping experience.
Is the Costco Anywhere Visa Card Worth It?
For individuals who regularly shop at Costco and spend significantly on gas, dining, and travel, the Costco Anywhere Visa® Card by Citi offers substantial rewards that can lead to considerable savings over time.
However, it’s essential to assess your spending habits and ensure they align with the card’s reward structure to fully capitalize on its benefits.
A 750+ FICO® Score is generally required, but Citi also considers factors like income, debt-to-credit ratio, and credit history before approval. Some applicants may qualify with a slightly lower score if their financial profile is strong.
Yes, you must have an active Costco membership to be eligible for this credit card. Membership costs $60 per year for Gold Star or $120 for Executive, and it’s required for both application and ongoing use.
Your cash-back rewards accumulate throughout the year and are issued as a reward certificate in February. You can redeem it for merchandise or cash at any Costco warehouse, but it cannot be used online.
No, the Costco Anywhere Visa® Card by Citi does not charge foreign transaction fees, making it a great option for international travelers who want to earn rewards without extra costs.
– A Top Cash-Back Card for Costco Members –
The Costco Anywhere Visa® Card by Citi is one of the best options for Costco shoppers, offering high cash-back rewards with no annual fee beyond a Costco membership.
Costco Anywhere Visa Card Application
Applying for the Costco Anywhere Visa® Card by Citi is quick and straightforward. Ensure you meet the credit score requirements before applying.
Once approved, the card doubles as your Costco membership ID, so you can use it immediately for in-store and online purchases.
If your credit score is below 750, consider improving your score before applying to increase your chances of approval.
Required Documents
- Valid Costco membership number
- Government-issued ID (Driver’s License or Passport)
- Social Security Number (SSN)
- Proof of income (if required)
How to Apply for the Costco Anywhere Visa Card:
- Visit the Citi website and navigate to the Costco Anywhere Visa Card application page.
- Ensure you have an active Costco membership before proceeding with the application.
- Fill out the application form with your personal and financial details, including income and employment status.
- Submit your application and wait for approval, which can be instant or take a few business days.
- Once approved, activate your card and start using it for everyday purchases and rewards.