What is the Costco Citi cards travel rewards rate? This question is about the Costco Anywhere Visa® Card by Citi

What is the Costco Citi cards travel rewards rate?

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

Maria Adams, Credit Cards Moderator

@m_adams • 01/13/23 This answer was first published on 03/05/21 and it was last updated on 01/13/23.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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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 option.

Costco Credit Card Rewards Redemption

Note that redeeming your Costco Credit Card rewards is not as easy as redeeming other credit card rewards. You will only receive a rewards certificate once a year, in February. The certificate is redeemable for cash or merchandise at any U.S. Costco Warehouse. On top of that, rewards expire at the end of each year.

So, while you can earn rewards for the travel purchases you make, you won’t be able to use those rewards to pay for trips or travel-related expenses directly. Still, saving on your Costco purchases will free up more money for your travel budget.

Alternative Credit Card Option

If the Costco Credit Card’s lack of travel rewards redemption options lets you down, remember that any Visa credit card will work at Costco. One of the best Visa cards for travel rewards is the Chase Sapphire Preferred® Card. Among this card’s many perks, there is a signup bonus of 60,000 bonus points for spending $4,000 in the first 3 months of account opening.

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Are Costco Credit Card rewards any good?

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...

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What qualifies as a travel-related purchase for the Costco Visa card?

Transactions that qualify as travel-related purchases for the Costco Credit Card include airfare, hotel bookings, car rentals, and more.

What to know about the Costco Credit Card travel-related purchases:

Eligible travel-related purchases: Airfare, hotel bookings, car rentals, and cruise lines. Purchases at Costco Travel and other travel agencies also fall under the Costco Credit Card’s travel category.
What is not included: There are a number of transactions that are not considered eligible travel for the Costco Credit Card rewards, such...

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What are the Costco Credit Card categories for rewards?

The Costco Anywhere Visa® Card by Citi categories for bonus rewards are eligible gas, restaurant and travel purchases, as well as Costco and Costco.com purchases. Purchases that fall into the Costco Credit Card bonus categories get cardholders extra rewards compared to the card’s base earning rate.

Whether a purchase falls into a card’s bonus categories depends on “Merchant Category Codes,” which are assigned by the major credit card networks to merchants based on what kind of business they conduct. So if a merchant...

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