Chip Lupo, Credit Card Writer
@CLoop
The Citi Double Cash® Card is better than the Costco Anywhere Visa® Card by Citi because its flat 2% rewards rate will likely save you more money overall if you use your new card for everyday purchases. The Citi Double Cash Card also comes with a low intro APR offer for balance transfers and has a higher WalletHub Rating.
The Costco Credit Card still is a good cash back credit card in its own right, with high reward rates in several key spending categories, in addition to Costco purchases. An active Costco membership is required to apply for this card, though.
How to Choose Between the Costco Credit Card and Citi Double Cash Card
- The Citi Double Cash Card is a good option for people who want to earn unlimited 2% cash back, at a minimum, on purchases.
- The Costco Credit Card should be the card of choice for Costco members looking to earn bonus cash back on gas, dining, and select travel purchases.
- The Citi Double Cash Card offers a 0% intro APR on balance transfers, unlike the Costco Credit Card, making it the better pick for transferring high-interest debt.
Costco Credit Card vs. Citi Double Cash® Card
| Card | ||
| WalletHub Rating | 3.63 / 5 | 4.46 / 5 |
| Initial Bonus | N/A | $200 for spending $1,500 in the first 6 months |
| Ongoing Rewards | 5% cash back rewards on gas at Costco and 4% cash back on other eligible gas and electric vehicle (EV) charging purchases for the first $7,000 combined spend per year, and then 1% thereafter, 3% back on restaurant and eligible travel purchases, 2% back on all other Costco and Costco.com purchases, and 1% back on all other purchases | 2% cash back on every purchase (1% when you buy and 1% as you pay for those purchases), plus 5% total cash back on hotel, car rentals and attractions booked with Citi Travel |
| Annual Fee | $0 | $0 |
| Intro APR for Purchases | Not Offered | Not Offered |
| Intro Balance Transfer APR | Not Offered | 0% for 18 months |
| Balance Transfer Fee | 5% (min $5) | 3% intro fee ($5 min) for each transfer in first 4 months, after that 5% ($5 min) for each transfer |
| Regular APR | 18.74% - 26.74% (V) | 17.49% - 27.49% (V) |
| Foreign Transaction Fee | 0% | 3% |
| Credit Requirement | Excellent credit | Good credit |
You can check your credit score for free here on WalletHub to see where you stand before applying for either card.
If you want to learn more, you can also check out WalletHub’s full reviews of the Costco Credit Card and the Citi Double Cash Card.
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People also ask
Is there a better card than Citi Double Cash?
Credit cards that are better than the Citi Double Cash Card may include Chase Freedom Unlimited® and Wells Fargo Active Cash® Card, depending on your exact spending habits and preferences. For example, Chase Freedom Unlimited® can give better overall value due to its bonus categories, offering 1.5 - 5% cash back on purchases.
Some people might still prefer the consistent flat 2% that the Citi Double Cash Card provides. But you can get the same thing and more with the Wells Fargo Active Cash® Card.
Below, you can see more credit cards that can compete with the...
read full answer by Adam McCann, Financial WriterWhat are the disadvantages of the Citi Double Cash Card?
The biggest disadvantage of the Citi Double Cash® Card is that it has a high APR, at 17.49% - 27.49% (V). As a result, carrying a balance on the Citi Double Cash® Card is very expensive, but you can avoid this drawback if you pay your bill in full every month. That way, you won’t owe any interest.
Citi Double Cash Card Disadvantages
- High APR: The Citi Double Cash Card has a relatively high APR, at 17.49% - 27.49% (V).
- Balance transfer fee: The balance transfer fee is 3% intro fee ($5 min) for each transfer in first 4 months, after that 5% ($5 min) for each transfer....
What are the disadvantages of the Costco Anywhere Visa credit card?
The biggest disadvantage of the Costco Anywhere Visa® Card by Citi is that it is available to people with at least excellent credit, which means the average person may struggle to qualify. There are a few other disadvantages of the Costco Credit Card to be aware of, too.
Costco Credit Card Disadvantages
- Requires high credit scores: The Costco Credit Card requires excellent credit for approval.
- No 0% APR on purchases: The Costco Credit Card does not currently offer a 0% APR promotion on purchases,...
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