What are the Costco Visa travel benefits?

Question

The Costco Credit Card foreign transaction fee is 0%. This means that you will not be charged extra for using your Costco Credit Card anywhere in the world VISA is accepted. That would obviously come in handy at the more than 230 Costco stores abroad. Some locations include Canada, Great Britain, Japan, Korea, Mexico and Taiwan. There’s also no fee when shopping online from foreign merchants.… read full answer

Their lack of foreign transaction fees isn’t the only thing that makes the Costco Credit Card a worthwhile global travel companion. This card also gives 4% cash back on eligible gas for the first $7,000 per year, 3% on restaurants and travel, 2% on Costco and Costco.com purchases, 1% on all other purchases.

Ultimately, it is also worth noting that the Costco Anywhere Visa® Business Card by Citi also comes with a 0% foreign fee and a similar rewards structure as the Costco Credit Card.

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Answer 1 · 2021-03-25 21:51:49

Bogdan Roberts, Credit Cards Moderator

@bogdan_roberts • 03/25/21 This answer was first published on 03/26/21 and it was last updated on 03/25/21.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 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.

Here are the 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.

Answer 2 · 2018-12-24 14:54:11

Henry Aaron, Member

@rkaaron 12/24/18 This answer was first published on 12/24/18. 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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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?

Answer 3 · 2018-05-01 14:07:05

Cassidy Aldyer, Member

@cassidy_aldyer • 05/01/18 This answer was first published on 03/21/18 and it was last updated on 05/01/18.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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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.

Answer 4 · 2018-04-23 14:32:21

Marcus Trillby, Member

@marcus_trillby • 04/23/18 This answer was first published on 03/06/18 and it was last updated on 04/23/18.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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Yep, it's covered under the Visa network.

Answer 5 · 2017-11-21 14:30:25

Frieda Reiss, WalletHub Credit Card Analyst

@freiss 11/21/17 This answer was first published on 11/21/17. 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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Well, I tried the Concierge service, and it was pretty helpful. I know they also give trip cancellation insurance, and auto rental insurance.

What are the Costco Visa travel benefits?

Bogdan Roberts, Credit Cards Moderator

Here are the Costco Credit Card travel benefits:

Costco Anywhere Visa® Card by Citi

Henry Aaron, Member

Cassidy Aldyer, Member

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