The Costco Credit Card travel benefits include 3% cash back rewards on travel purchases, travel insurance, roadside assistance and various other perks. Together, these factors make the Costco Credit Card a solid choice for travel, especially domestically.
Costco Credit Card Travel Benefits
3% to 4% cash back in key spending categories. You’ll get 3% cash back at restaurants and on other eligible travel expenses (airfare, hotels, car rentals, cruises, etc.). You’ll also earn 4% cash back on the first $7,000 you spend on eligible gas every year and 1% thereafter. So both big and small travel costs get great earning rates. All other purchases earn just 1% back (or 2% at Costco itself).
0% foreign transaction fee.
Travel accident insurance. This covers you up to $250,000 for death or dismemberment. You need to charge the cost of your fare to your Costco card.
Worldwide auto rental insurance. You are protected up to $50,000 against having to pay for damage resulting from theft or collision when you rent certain types of cars, pay with your Costco Credit Card and don’t buy insurance through the rental agency.
Roadside Assistance Dispatch Service. Domestic coverage for dispatch services including towing, fuel delivery (up to 2 gallons), jump starts, flat tire changes (when a spare is available) and lock-out assistance (when the key is in the vehicle). You’ll be responsible for the costs of the dispatch and roadside assistance, paying a pre-negotiated price per service call.
Travel & Emergency Assistance. 24/7 assistance for emergency travel arrangements, travel issues, medical and legal referrals and more. To request help, just call (866) 918-4670 if you’re in the U.S. or (312) 356-7839 if you’re abroad.
Citi Entertainment. Special access to purchase tickets to thousands of events, including presale tickets and exclusive events such as concerts, sporting events, dining and many more.
$0 Liability on Unauthorized Charges. You won’t be held responsible for a charge that you did not authorize.
Citi Quick Lock. If you misplaced your card, you can log into your Citi online account or use the Citi app to block new charges while allowing recurring transactions to continue uninterrupted.
Great exchange rates. Since this card is a Visa, you can use it anywhere in the world that credit cards are accepted. And you'll get some of the best exchange rates too.
At the end of the day, the Costco Credit Card has a lot of travel appeal, from its great rewards to its secondary benefits.
My wife, granddaughter, and I are planning a trip to Spain. Costco is handling plane and hotel reservations and ground transportation at the destination. If we pay for the entire trip with a Costco Anywhere Visa card and one of us becomes too ill to travel just before departure, precluding travel, what (if any) of the trip expenses would be covered?
Sure, you should be able to. Keep in mind, it really depends on why you need to cancel. Trip cancellation insurance only covers unforeseen circumstances, like serious medical issues, natural disasters, legal obligations, stuff like that. If it's not a serious reason, the insurance won't kick in.
Costco Visa eligible travel purchases are airfare, hotel bookings, car rentals, cruise lines, and rideshare services such as Uber and Lyft. Purchases at Costco Travel and other travel agencies also fall under the Costco credit card’s travel category.
There are a number of other transactions that are not considered eligible travel for Costco Visa rewards, such as train and commuter travel fares, bed and breakfasts, timeshares, and campgrounds. Those, and travel-related purchases not categorized with the appropriate merchant category code (MCC) for travel, will earn only 1% cash back.… read full answer
Cardholders will get 3% cash back on all Costco Visa eligible travel purchases with no limits on earnings. In addition to travel, qualifying dining purchases also earn 3% cash back. Rewards are awarded once a year as a reward certificate redeemable at U.S. Costco locations.
The Costco Credit Card travel insurance coverage includes travel accident insurance and rental car insurance.
The travel accident insurance benefit covers you, your spouse, your domestic partner and/or your dependents up to $250,000 per person against death or dismemberment. The coverage applies while you are traveling on a common carrier like a plane, train, bus or boat, as long as you paid for the full fare using the card.… read full answer
The rental car insurance policy on the Costco Credit Card provides up to $50,000 per rental in reimbursement for collision damage and theft. The car must be rented entirely with the Costco Credit Card, and the cardholder must decline the optional insurance offered by the rental agency.
Here’s how to file a claim:
To file a claim, call (866) 918-4670 as soon as possible to make use of the rental car insurance or within 60 days for the travel accident insurance. Citi will advise you what documents should be submitted with your claim form. Alternatively, you can visit citi.com/Costco to download a claim form for submission.
Ultimately, you have to return the claim form and all requested documents within 180 days of the incident. Citi will notify you of its decision once they have processed your claim.
Keep in mind that both types of Costco Credit Card travel insurance have a lot of fine print, so be sure to read your card’s benefits guide to see coverage exclusions.
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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