What's the Costco credit card credit score requirement?

No, not just anyone can get a Costco Credit Card. To qualify for the Costco Anywhere Visa® Card by Citi, you must have an active Costco membership, which costs $60 to $120 per year, as well as a 750+ credit score and enough income to afford monthly bill payments. If you don’t currently have a Costco membership, you can get a membership and apply for the Costco Credit Card at the same time.... read full answer

What You Need to Get a Costco Credit Card

• Active Costco membership
• Excellent credit
• Social Security number (or Individual Taxpayer Identification Number if applying in-store)
• Low debt-to-income ratio
• U.S. mailing address
• At least 18 years old

These requirements apply to both the Costco Credit Card and the Costco Anywhere Visa® Business Card by Citi. The Costco Business Credit Card also requires applicants to be business owners with at least 25% control or ownership of the business.

Yes, it is hard to get the Costco Anywhere Visa® Card by Citi as it requires excellent credit for approval. So, unless your credit score is 750 or higher and you have a lot of income, it will be difficult for you to get approved for the Costco Credit Card.

Other Costco Credit Card Approval Requirements

In order to get the Costco Credit Card, you will have to meet the credit score requirement, have a steady income, and be at least 18 years old. You’ll also need to have a Social Security Number and a ... read full answerCostco membership.

Keep in mind that even if you meet all of the requirements for the Costco Credit Card, approval is not guaranteed.

You need a credit score of at least 700 to get a Citi credit card in most cases. That means applicants for Citi credit cards need at least good credit to be approved. But it really depends on which card you’re after. Some Citi credit cards require higher scores, and one accepts applicants with limited credit history.... read full answer

Here are the Citi credit score requirements:

• Limited History: For those with little or no credit history, the Citi® Secured Mastercard® is a good option. A refundable security deposit of $200 is required. It doesn’t give any rewards, but it does come with a $0 annual fee and can help you build credit.
• Fair credit (640-699): With fair credit, you have a good shot at getting one of Citi’s various store cards. These cards can only be used at their associated store.
• Good credit (700-749): Good credit opens you up to some of Citi’s more attractive credit card offerings. You can get one of the best cashback cards on the market – the Citi® Double Cash Card – 18 month BT offer. Some other good options include the Citi Simplicity® Card, the Citi® Diamond Preferred® Card and the Citi Rewards+® Card.
• Excellent credit (750 and up): You’ll be eligible for all of Citi’s cards with a score in this range, assuming your income and other information check out. But the only excellent-credit-only option is the Costco Anywhere Visa® Card by Citi (cash back oriented, offering 1 - 4% cash back on different spending categories).
• Other requirements: It takes more than just a good enough credit score to get Citi credit card approval. In particular, you need enough income to pay the monthly bills, along with your existing debts. You’ll also need a valid Social Security number (or ITIN) and a U.S. mailing address.

If you’re not sure which Citi credit card you’ll be able to qualify for, it’s easy to get pre-qualified for a credit card online. Citi might also send a pre-qualified credit card offer to potential customers. But while this increases your chances of approval, it does not guarantee it. If you have received such an offer, visit Citi’s web page and enter your invitation code and last name to apply.

Also, keep in mind that applying for a Citi or any other credit card triggers hard inquiries and can temporarily lower your score - the more inquiries over a short period of time, the more damage to your score. So, it’s best to know where you stand before applying for any credit card. You can check your credit score and track your progress for free, right here on WalletHub.