Costco Anywhere Visa – How to apply

By Marcos • 11/28/2024

The Costco Anywhere Visa Card from Citi turns every purchase into a reward opportunity.

A card designed to offer cash back across multiple categories and maximize your everyday value. 

With it, you can win cashbacks on fuel, restaurants, eligible travel, on purchases made directly at Costco and Costco.com, and on all other purchases made where Visa is accepted.

With the convenience of functioning as a Costco membership card and credit, coupled with the robust cashback structure, it combines practicality and value – being a tool to make every day more rewarding.

How does the Costco Anywhere Card Visa work?

The Costco Anywhere card Visa is a card aimed at Costco members that combines rewards benefits with practical use. And it works like your membership card, eliminating the need to carry two cards. 

The Costco art it’s about a versatile solution that combines the functions of a credit card and Costco membership card. 

With it, you can simplify your wallet, using the same card to access Costco stores and make payments. To start using all the card’s features, simply access the official page and register.

Main Benefits of the Costco Anywhere Card Visa 

The Costco Anywhere Card Visa stands out for offering a unique combination of convenience and generous rewards. 

The first benefit that draws attention is the cashback! 

He offers cashback into four main categories: 4% on gas (up to $7,000 per year), 3% on dining and qualifying travel, 2% on purchases at Costco and Costco.com, and 1% on all other transactions. 

Another benefit offered is the exemption from international transaction fees, which allows you to use it when traveling abroad without worrying about additional costs. 

Plus, you earn 2% cash back on all purchases made at Costco and Costco.com, making it ideal for members who shop frequently in-store. 

All other purchases earn 1% cash back, ensuring every spend contributes to your annual rewards.

Cons of Costco Anywhere Credit Card

First, you need to be a Costco member to get the card. This means that in addition to the Costco membership fee, you’ll need to pay this annual fee to take advantage of the card’s benefits. 

For those who don’t regularly shop in-store, this can be a significant hurdle.

Another negative point is the 4% cashback limitation on gasoline, restricted to the first $7,000 annually spent in this category. 

After reaching this value, the return drops to 1%, which can be a disadvantage for consumers who have higher expenses for fuel or charging electric vehicles. 

APR and Fees

The variable APR for purchases, balance transfers and Citi Flex Plans ranges from 19,74% to 27,74%, depending on the holder’s credit capacity. 

It is important to note that Citi Flex Plans may include an additional monthly fee of up to 1,72%, which is determined based on the length of the plan and other financial factors. 

For cash advances, the APR is 29.74%, while the Penalty APR can reach 29.99%, applicable in cases of late payment or refund.

Despite these fees, the card stands out for its absence of an annual fee, as long as you maintain your paid Costco membership. 

Additionally, there are no foreign transaction fees, making the card an excellent option for international purchases. 

However, other fees may apply, such as minimum interest rate of $0.50 and others cash advance fee of $10 or 5% of the amount, the larger of the two prevailing. 

Balance transfers are also subject to a fee of 5% or 5% of the transaction value.

The basic interest rate, currently at 7.75% (data from 11/14/2024), serves as a reference for calculating variable APRs. This means these rates can change over time depending on fluctuations in the prime rate. 

How to apply for the Costco Anywhere Credit Card Visa

To start requesting a Costco Anywhere credit card Visa, you must be a Costco member, as the card is available exclusively to members. 

If you are not already a member, you will need to purchase membership before beginning the application process.

The first step is to go to the official Citi website or visit a Costco store to fill out the application. 

Make sure you have personal information such as your full name, address, tax identification number (such as Social Security number in the US), and financial details including annual income. 

After submitting the request, Citi will carry out a credit analysis and notify you of the decision within a few days.