Review: Costco Anywhere VISA Card by Citi

Sometimes you just want cash. And giant packages of toilet paper. If that describes your wants and needs, the Costco Anywhere VISA Card by Citi may be for you.

Costco Anywhere VISA Card by Citi

Costco Anywhere VISA Card by Citi. Image Credit: courtesy of Costco and VISA.

Benefits:

  • No Annual Fee (although Costco Membership is required)
  • 4% cash back on gas (for the first $7,000 per year, 1% thereafter)
  • 3% cash back on restaurants and eligible travel
  • 2% cash back at Costco and costco.com
  • 1% cash back on all other purchases
  • 0% introductory APR for first 7 months
  • VISA Traditional benefits

Damage:

  • No initial bonus of any kind
  • 15.74% APR variable, based upon Prime Rate
  • 3% foreign transaction fee
  • Redemption only once a year, in person, at Costco

Analysis:

The Costco Card is an average, vanilla card and that’s very much by design. No annual fees are nice, but it doesn’t have an initial spending bonus either (and still costs a hard pull on your credit report). Obviously, if you do the majority of your grocery and general shopping at Costco, or drive around a lot, adjust the table above accordingly. The card is probably a little better than its previous (Amex) iteration, but just barely. It just looks sexier with the 4% and 3% numbers jumping out at you. And, remember, any cash back you earn is locked in for an entire year, which can be a good or bad thing, I suppose.

If you are a dedicated Costco shopper and insist on a cash card, consider the Bankamericard Cash Reward (VISA) Credit Card. It also has no annual fee, 3% cash back on gas, 2% at grocery and wholesale stores (including Costco), and 1% on all other purchases (bonus categories, up to the first $2,500 each quarter). And it comes with a $100 initial spending bonus and 0% interest for 12 months! In the past, rotating quarterly bonus spending cards like the Chase Freedom have also offered 5% cash back for wholesale stores (bonus categories, up to the first $1,500 each quarter), so that might work too (no annual fee, $150 spending bonus, 0% APR for 15 months).

But if we’re still talking about free travel, and I hope we are, then perhaps look elsewhere for your Costco shopping needs.

 

2 Replies to “Review: Costco Anywhere VISA Card by Citi”

  1. The Costco Cities Card Visa is the worst card I have! Spent almost 4 hours today, on the phone, trying to find out why they keep n putting a hold on my account when I pay my bill, every month, on time!!!! I pay the full balance. The customer service was awful all the way up to management. Someone from security hung up on me, and I was told that they can put a hold on my card anytime they want. The reason why they put a hold on my card, aging, for the second time in three months without telling me or notifying me?…..The reason: I paid a large amount on my card!!!!! So I’m being penalized for paying my balance in full!!!! Do not get this card! It is a headache. I don’t have a problem with any other credit card I have. Just the Cities Costco Visa.

    1. That’s a very odd situation you’re describing. I don’t have the Citi Costco Card, but I have had other Citi credit cards and I have always paid my balance in full without issue. Thank you for sharing your experience.

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