Costco Anywhere Visa® Business Card by Citi rewards small business owners who frequent Costco warehouses for business supplies. Cardholders can earn 2% cash back on purchases at Costco. In addition, cardholders can earn 3% back on travel and dining at restaurants, and 4% back on up to $7,000 spent at eligible gas stations each year. The Costco Business credit card has no annual fee with your paid Costco membership. You can also enjoy no foreign transaction fees on purchases you make abroad.
How to Earn Rewards
With Costco Anywhere Visa® Business Card by Citi, you can earn more cash back on many regular purchases than most other credit cards. You will earn 4% cash back on purchases made at gas stations worldwide, including gas at Costco, for the first $7,000 per year, and then 1% cash back thereafter. You will earn 3% cash back on dining at restaurants, including cafes, bars, lounges and fast food restaurants. You will also earn 3% cash back on eligible travel purchases worldwide, including airfare, hotels, car rentals, travel agencies, cruise lines and Costco Travel. For other purchases at Costco and Costco.com, you will earn 2% back. For all other purchases, you will earn 1% back.
For example, if you spend $7,000 on gas, $8,000 on dining out, $10,000 on travel, $15,000 on Costco purchases, and $10,000 on everything else in a year, you will receive $1,220 in cash rewards. You can use our cash rewards calculator to find out how much cash back you may receive.
|Spending Category||Spending||Cash Rewards||Net Spending (after Cash Back)|
How to Redeem Rewards
You will receive your annual cash rewards in the form of a credit card reward certificate once your February billing statement closes. The credit card reward certificate contains your Costco rewards balance based on your eligible purchases during the annual reward period of the prior year. The credit card reward certificates are redeemable through the end of the year at any U.S. Costco warehouse for merchandise or cash back. Any Costco cash rewards you have earned on purchases made by authorized users on your card account will be added to your Costco rewards total.
This credit card has no annual fee with your paid Costco membership. There are two tiers of membership, Gold Star and Gold Star Executive. The Gold Star has an annual membership fee of $60. The Gold Star Executive has an annual membership fee of $120 and it offers an additional 2% cash reward, up to $1,000 on your purchases at Costco. The 2% cash rewards of the Gold Star Executive can offset the $120 membership fee. For example, if you make an average of $500 monthly purchases at Costco, you will accrue $10 in cash rewards each month and $120 in annual cash rewards, which is enough to pay for the $120 membership fee by itself.
It has no foreign transaction fees, which will save you money when you travel abroad. Most other credit cards typically charge a transaction fee 3% on your purchases in foreign countries. For example, if you use a credit card to pay $2,000 for purchases or for hotel stays in Canada, Asia, or Europe, you may end up with paying a bill of $2,060 after the 3% foreign-transaction surcharge is added to your bill. If you travel abroad, Costco Anywhere Visa® Business Card by Citi can help you avoid the 3% surcharge on your purchases.
Required Credit Rating
The Costco Anywhere Visa® Business Card by Citi is for people who have excellent credit scores. If you have an outstanding FICO score, you may qualify for the credit card.
Is this the right card for you?
Costco is a warehouse for family and small business to make purchases in bulk. If you like to use Costco for many of your business purchases, the Costco Anywhere Visa® Business Card by Citi is a great small business credit card. Although it does not offer a sign-up bonus, it offers business owners up to 4% cash back on gas purchases, 3% cash back on restaurants and travel purchases, and 2% cash back on all other purchases from Costco. In addition, the Costco Anywhere Visa® Business Card by Citi has no annual fee with paid Costco membership and has no foreign transaction fees.
Similar Credit Cards
If you are interested in the Costco Anywhere Visa® Business Card by Citi, you may also consider a few other credit cards with similar benefits.
|Credit Card||Bonus and Rewards||Annual Fee|
|Wells Fargo Active Cash℠ Card||New! Earn a $200 cash rewards bonus after spending $1,000 on purchases in the first 3 monthsUnlimited 2% cash rewards on purchases||$0|
(rates & fees)
|American Express Blue Business Cash™ Card||A $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.||$0|
|The Blue Business® Plus Credit Card from American Express||15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership.2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter.||$0|
|Bank of America® Customized Cash Rewards credit card||$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchasesIf you're a Preferred Rewards member, you can earn 25% - 75% more cash back on every purchase. That means you could earn up to 5.25% cash back on purchases in your choice category.||$0|
|Citi Premier® Card||80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening80,000 Points are redeemable for $800 in gift cards when redeemed at thankyou.com3 Points per $1 spent at Restaurants and Supermarkets3 Points per $1 spent at Gas Stations, Air Travel and Hotels1 Point per $1 spent on all other purchases||$95|
|Ink Business Cash℠ Credit Card||$750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases||$0|
|Bank of America® Travel Rewards credit card||25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchasesUnlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire||$0|
|Bank of America® Premium Rewards® credit card||Receive 50,000 online bonus points - a $500 value - after you make at least $3,000 in purchases in the first 90 days of account openingUnlimited 2 points for every $1 you spend on travel and dining purchases. Plus, earn 2 points for every $1 spent on grocery store purchases - now through 12/31/21.1.5 points for every $1 you spend on all other purchases. No limit to the points you can earn and your points don't expire.||$95|
|Citi® Double Cash Card||2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.||$0|
|American Express® Business Gold Card||Welcome Offer: Earn 70,000 Membership Rewards® points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.*AIRLINE BONUS: Get 25% points back after you use points for all or part of an eligible flight booked with Amex Travel, up to 250,000 points back per calendar year.*MORE REWARDS: Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month. 1X is earned for other purchases. ***4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year.||$295|
|Chase Sapphire Preferred® Card||100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards®.Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 100,000 points are worth $1,250 toward travel.Enjoy new benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining and 2X points on all other travel purchases, plus more.||$95|
|Blue Cash Preferred® Card from American Express||20% back on Amazon.com purchases on the Card within the first 6 months of Card Membership, up to $200 back.Plus, earn $150 back after you spend $3,000 in purchases on the Card within the first 6 months of Card Membership. You will receive cash back in the form of statement credits.6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).6% Cash Back on select U.S. streaming subscriptions.3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).1% Cash Back on other purchases.||$0 introductory annual fee for the first year, then $95.|
|Ink Business Unlimited℠ Credit Card||$750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account openingUnlimited 1.5% cash back on every purchase made for your business||$0|
|Ink Business Preferred℠ Credit Card||100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year.1 point per $1 on all other purchases||$95|
|Blue Cash Everyday® Card from American Express||20% back on Amazon.com purchases on the Card in the first 6 months of Card membership, up to $150 back.Plus, earn $100 back after you spend $2,000 in purchases on your new Card within the first 6 months of card membership. You will receive cash back in the form of statement credits.3% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).2% Cash Back at U.S. gas stations and at select U.S. department stores.1% Cash Back on other purchases.||$0|
|Chase Freedom Unlimited®||A $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.Unlimited 1.5% cash back on all other purchases.5% on Chase travel purchased through Ultimate Rewards®, 3% on dining and drugstores, and 1.5% on all other purchases.||$0|
|Capital One Quicksilver Cash Rewards Credit Card||One-time $200 cash bonus after you spend $500 on purchases within 3 months from account openingUnlimited 1.5% cash back on every purchase, every day||$0|
|Chase Freedom Flex℠||A $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.5% on Chase travel purchased through Ultimate Rewards®, 3% on dining and drugstores, and 1% on all other purchases.||$0|
|Capital One SavorOne Cash Rewards Credit Card||A one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account openingUnlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through January 2023||$0|
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