The Costco Credit Card balance transfer fee is 5% (min $5). This card is not a good choice for balance transfers due to the combination of its balance transfer fee and relatively high balance transfer APR: 18.99% (V). That does not compare favorably to the selection of 0% balance transfer credit cards on the market right now.
The Costco Credit Card annual fee is $0. However, this card is not entirely free, as you need to be a Costco member to apply for this card. The Costco membership fee is $60 per year.
The Costco Credit Card is still a great option as it offers 4% cash back on eligible gas (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.
Alternative Credit Card Option
If you’re in the market for a good … read full answerrewards card and you don’t want to pay annual fees or yearly club membership charges, you should consider getting the Wells Fargo Active Cash, instead. This card gives you 2% cash rewards on all purchases. Plus, you can earn $200 cash rewards after spending $1,000 in the first 3 months.
The Costco Anywhere Visa® Card by Citi cash advance fee is 5% (min $10) per transaction, whichever is higher. A cash advance fee is charged when using the Costco Credit Card for cash withdrawals at an ATM, or in person at participating locations.
Bear in mind that when you make a cash advance, you will incur other costs in addition to the Costco Credit Card cash advance fee. There’s a separate cash advance APR that applies immediately after you complete the transaction. The ATM owner may also impose additional charges.… read full answer
The benefits of a Costco Credit Card range from rewards to travel insurance, along with shopping benefits such as extended warranty protection. Most importantly, the Costco Anywhere Visa® Card by Citi enables you to earn rewards on items that may already be discounted heavily. Costco routinely offers great deals, and the Costco Credit Card gives you 1 - 4% cash back on purchases. That’s what I call supercharged savings. Plus, you don’t have to pay an annual fee on top of your yearly Costco membership dues ($60+).… read full answer
Benefits of a Costco Credit Card
4% cash back on the first $7,000 spent on eligible gas purchases each year and 1% cash back thereafter.
3% cash back at restaurants and on eligible travel expenses.
2% cash back on Costco and Costco.com purchases.
1% cash back on non-bonus-category purchases.
Worldwide Travel Accident Insurance provides up to $250,000 if you or a covered family member dies or sustains certain injuries during your trip.
Damage & Theft Purchase Protection covers repairs or refunds on items purchased with a Costco Credit Card that are damaged or stolen within 120 days of the purchase date.
Extended Warranty protection adds an additional two years onto an existing manufacturer’s warranty and will cover repair or replacement costs up to $10,000 per item.
0% foreign transaction fee on purchases abroad or online through internationally-based merchants.
Worldwide Car Rental Insurance covers your rental car against theft and damage from an accident, natural disaster or vandalism when you pay with a Costco Credit Card and decline the rental company’s insurance.
Travel & Emergency Assistance provides travel support services 24/7 before and during a trip, including help with travel arrangements, medical and legal referrals, and more.
Citi Entertainment provides cardholders special access to buy tickets to certain exclusive events.
Citi Quick Lock allows you to block access to your account without having to order a new card.
And finally, as with most credit cards, you’ll have $0 liability for any unauthorized charges made on your account. As you can see, there’s a lot to like about the Costco Anywhere Visa® Card by Citi.
Costco’s business card, Costco Anywhere Visa® Business Card by Citi, has the same benefits as the consumer card, plus lost baggage protection. If you’re already a Costco member and you have excellent credit, the rewards and other benefits make it worth applying for one of these cards.
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