A Costco membership costs $60 per year for the Gold Star Membership and $120 per year for the Executive Membership with the Costco Anywhere Visa® Card by Citi. An annual membership is among the card’s approval requirements, and there are no discounted membership fees for Costco Credit Card holders. The card itself has a $0 annual fee, though.
The Gold Star Costco membership gets you two membership cards and access to Costco warehouses worldwide, including Costco gas stations and business centers, and the Costco.com website. The Executive Membership offers the same benefits as Gold Star, but also comes with 2% in rewards (up to $1,000 earned) on eligible Costco purchases every year.
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.
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