| Last updated on September 23rd, 2023
Costco Anywhere Visa® Business Card by Citi
Costco Anywhere Visa® Business Card by Citi
- 20.24% (Variable) Regular Purchase APR
- 29.99% (Variable) Cash Advance APR
At a Glance
Costco members who want to capitalize on their bulk buys will benefit from the Costco Anywhere Visa® Business Card by Citi’s cash back rewards on gas and EV charging, travel, dining, and their purchases from Costco and Costco.com.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- Discover the only business credit card designed exclusively for Costco members
- 4% cash back on eligible gas and EV charging purchases for the first $7,000 per year and then 1% thereafter
- 3% cash back on restaurants and eligible travel purchases
- 2% cash back on all other purchases from Costco and Costco.com
- 1% cash back on all other purchases
- No annual fee with your paid Costco membership and enjoy no foreign transaction fees on purchases
- Whether you're traveling for business or pleasure, enjoy no foreign transaction fees on purchases
- Receive an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico
- Regular Purchase APR: 20.24% (Variable)
- Cash Advance APR: 29.99% (Variable)
- Cash Advance Transaction Fee: 5% of each cash advance; $10 minimum.
- Penalty APR: Up to 29.99% variable based on your creditworthiness and the Prime Rate
- Annual Fee: $0 with Costco membership
- Late Payment Penalty Fee: $41
- Return Payment Penalty Fee: $41
- You have a Costco membership and want to earn cash back on your purchases at their warehouses and online storefront
- You want to earn cashback on common purchases like gas and EV charging, dining, and travel
- You do not enjoy paying annual fees or foreign transaction fees
Costco Anywhere Visa® Business Card by Citi Review
You don’t need giant jars of pickles in your pantry or industrial-sized boxes of laundry detergent to appreciate the benefits available to you through the Costco Anywhere Visa® Business Card by Citi.
Earn Enhanced Cash Back
With this card in hand you can earn cash back on many everyday purchases, such as 4% on eligible gas and EV charging purchases for the first $7,000 per year (including gas at Costco), 3% on eligible restaurant and travel purchases, and 1% on eligible purchases elsewhere. As a Costco member, though, you’ll be glad to know that all purchases made at Costco and Costco.com also earn you 2% cash back – an added value on top of the retailer’s already smart buys.
How to Redeem Cash Back Rewards
The cash back earned with your Costco Anywhere Visa® Business Card by Citi is provided annually in the form of a rewards certificate with your February billing statement, redeemable for cash or Costco merchandise, and is good through the end of the year that the certificate is issued.
A Versatile Travel Card
As a credit card designed exclusively for Costco members, its surprising that the Costco Anywhere Visa® Business Card by Citi is such a versatile travel card for business owners and their employees.
This card also offers travel protection in the form of international car rental insurance, travel insurance, and emergency assistance to help in dire situations. Cardholders also enjoy no foreign transaction fees, nor is there an annual fee with your paid Costco membership, making the Costco Anywhere Visa® Business Card by Citi a solid choice for companies.
Like the personal version of the Citi Costco Card, the Costco Citi Business is the perfect companion for small businesses that send their employees on trips but want to maximize their rewards. The ability to maximize rewards via 4% back on gas and EV charging purchases, while also enjoying savings at Costco at home, are a great combination.
Other Busines Cards to Consider
Not sure if the Costco Business credit card is right for your company? Here are two other popular business card offers:
BILL Divvy Corporate Card
|No personal credit check or guarantee in most cases||No personal credit check or guarantee|
|Near-instant underwriting||Up to 20X the capital of a standard card|
|Earn up to 7X based on your payment schedule||Earn unlimited 1.5% cash back on every purchase|
|No annual fee||No annual fee|
Should You Apply for the Costco Anywhere Visa® Business Card by Citi?
Citi bills the Costco Anywhere Visa® Business Card as one of the best small business credit cards, and it’s easy to see why. The card is ideal for small companies that rely on wholesale clubs, like Costco, to purchase many of the bulk items they require for their everyday operations. Not only that, but the card earns impressive rewards on gas and EV charging purchases, worldwide travel and dining, and online purchases with Costco.
Companies that frequently shop with Costco can watch their cash back rewards soar – made even better by no annual fee – and no foreign transaction fees.
The information related to Costco Anywhere Visa® Business Card by Citi has been collected by BestCards.com and has not been reviewed or provided by the issuer or provider of this product or service.
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