Are Costco Credit Card rewards any good? This question is about the Costco Anywhere Visa® Card by Citi

Yes, Costco Credit Card rewards are quite good, especially on gas, dining, travel, and Costco purchases. You get 2 to 4 times the standard earning rate in those spending categories. And there’s no annual fee – just Costco’s yearly membership dues. The only downside is that you only get your rewards once a year, in February. And you must redeem the Costco Credit Card rewards certificate by the end of the year, or else it will expire. The Costco Credit Card also requires excellent credit for approval. If you don’t know where you stand, you can check your latest credit score for free, right here on WalletHub. Costco Credit Card Rewards Details Earn: 4% cash back on eligible gas and EV charging purchases (up to $7,000 spent per year), 3% back on restaurants and travel, 2% back on Costco and Costco.com purchases, and 1% back on all other purchases. Redeem: The Costco Credit Card rewards are redeemable for cash or merchandise at US Costco Warehouses, including Puerto Rico. When rewards post: The cash back will be provided as an annual credit card reward certificate once a year, in February. The Costco Credit Card has great rewards and very high earning potential. Only the 4% rate has an earning limit of $7,000, so your cash back will add up quickly. But whether it’s worth it depends on your circumstances. If you’re already a Costco member, have excellent credit and spend a lot on the cash back categories, this card is probably a good choice for you. If not, you have to figure out whether this card will save you at least $60 (the minimum Costco membership cost) more than the next best option.

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Are Costco Credit Card rewards any good?

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This question is about the Costco Anywhere Visa® Card by Citi

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Bogdan Roberts, Credit Cards Moderator

@bogdan_roberts • 02/03/23 This answer was first published on 03/06/21 and it was last updated on 02/03/23.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Yes, Costco Credit Card rewards are quite good, especially on gas, dining, travel, and Costco purchases. You get 2 to 4 times the standard earning rate in those spending categories. And there’s no annual fee – just Costco’s yearly membership dues.

The only downside is that you only get your rewards once a year, in February. And you must redeem the Costco Credit Card rewards certificate by the end of the year, or else it will expire. The Costco Credit Card also requires excellent credit for approval. If you don’t know where you stand, you can check your latest credit score for free, right here on WalletHub.

Costco Credit Card Rewards Details

Earn: 4% cash back on eligible gas and EV charging purchases (up to $7,000 spent per year), 3% back on restaurants and travel, 2% back on Costco and Costco.com purchases, and 1% back on all other purchases.
Redeem: The Costco Credit Card rewards are redeemable for cash or merchandise at US Costco Warehouses, including Puerto Rico.
When rewards post: The cash back will be provided as an annual credit card reward certificate once a year, in February.

The Costco Credit Card has great rewards and very high earning potential. Only the 4% rate has an earning limit of $7,000, so your cash back will add up quickly. But whether it’s worth it depends on your circumstances.

If you’re already a Costco member, have excellent credit and spend a lot on the cash back categories, this card is probably a good choice for you. If not, you have to figure out whether this card will save you at least $60 (the minimum Costco membership cost) more than the next best option.

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How do you redeem Citi Costco rewards?

It’s a lot harder to redeem Citi Costco rewards than you might think, thanks to a couple of key restrictions. For starters, you will only receive your Costco Visa cash back once per year, in February. It comes in the form of a rewards certificate, which you have to actually go to a Costco location to spend. And you have to do that by the end of the year, when the certificate expires. In contrast,...

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Is the Costco credit card worth it?

What is the Costco Citi cards travel rewards rate?

The Costco Credit Card’s travel rewards rate is 3% cash back on airfare, hotels, car rentals, travel agencies, cruise lines, and purchases made through Costco Travel. Note that this card offers 1 - 4% cash back, depending on the type of purchase.

The Costco Credit Card also charges 0% foreign transaction fees and has a $0 annual fee. So, if you’re a frequent Costco shopper and you’re looking for a new card with travel rewards and a $0 annual fee, the Costco Credit Card is a good...

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