What's the Costco credit card credit score requirement?

The Costco credit card credit score requirement is 750 or above, as applicants need an excellent credit score to qualify. That’s the case for both the Costco Anywhere Visa® Card by Citi by Citi and the version for small business owners.

Having a high enough credit score doesn’t guarantee approval, of course. And it’s possible to get approved with a lower score. That’s because your ability to pay – income and assets compared to debts and liabilities – matters, too.

Still, if you don’t know how your credit is doing these days, you should definitely check your latest credit score for free on WalletHub before applying.

• Personal credit always is the key. Whether you’re interested in the Costco Anywhere Visa® Card by Citi or the Costco Anywhere Visa® Business Card by Citi, your personal credit standing will largely dictate your odds of approval. All business credit cards base approval decisions on applicants’ personal credit history because it tends to be longer and more predictive. They don’t ask for your Social Security number for nothing!
• Income & assets are your friends. Income and assets speak to your ability to pay a new credit card’s bills. The more money and valuable items you have to your name, the less risky you’re generally considered to be. But these factors aren’t viewed in a vacuum. They’re compared to your existing debt obligations.
• Existing debt counts against you. Lenders want to know they’ll get paid. And the more debt you have relative to your income, the less confident they’ll be about that happening.
• Take anecdotal evidence with a grain of salt. Some members of the community report getting approved for a Costco Anywhere Visa® Card by Citi with a credit score in the low 700’s. But since a lot of other factors are in play, you shouldn’t assume that you will be approved just because they were. Plus, getting turned down for a credit card can lead to temporary credit score damage.

If your credit score is already 750+, you have a steady income and few debts, and your financial situation is in order, you’ll have a better chance of approval. If not, you could dramatically increase your chances of being approved for a Costco credit card by delaying your application and spending some time focusing on credit improvement. This includes things like catching up on your current payments, utilizing less of your current credit lines, and building a longer history.

Finally, don’t forget that you have to be a Costco member to apply. That will cost you $60+ per year in membership dues.

It's not just score they're looking at, you know. They also check your income and existing debt, and most likely a bunch of other elements that they won't disclose. In any case, it's safe to say you need at least 750 to be sure you'll be approved.

I applied yesterday with an EX score of 739, a salary well over 6 digits and less than 1% credit utilization of around $15k (credit cards; no other debt) and I was turned down. My TU and EQ are also in the mid 700s so I guess getting this card is only for those that spend a ton of money at CostCO (I don’t) and have excellent credit. I don’t use a lot of credit (never have) so I will most likely never have a score high enough to qualify for this card and won’t be buying from CostCO. The Executive Business Membership I bought was a waste of money since I will most likely never ship at CostCO now because my AMEX gives me better deals elseware. :-(

• Is the card approval instant?