Credit One Bank® Platinum X5 Visa®
vs. Costco Anywhere Visa® Card by Citi

Updated: June 23, 2024

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Both the Credit One Bank Platinum X5 Visa and the Costco Anywhere Visa Card by Citi offer cash back rewards. However, the Costco Anywhere Visa edges ahead with its higher cash back rates on gas, travel, and dining and no annual fee structure, provided you're already a Costco member.

The Credit One Platinum X5 is more accessible with its lower credit score requirement and also offers a robust 5% cash back on select categories. If you frequently shop at Costco, the co-branded Costco Anywhere Visa could yield the most benefit. Yet, for those with lower credit scores or who value flexibility in credit requirements, the Credit One Platinum X5 remains a worthy option.

Credit Card logo for Credit One Bank® Platinum X5 Visa®
Credit One Bank® Platinum X5 Visa®
Credit Card logo for Costco Anywhere Visa® Card by Citi
Costco Anywhere Visa® Card by Citi
MoneyGeek Rating
3.6/ of 5
MoneyGeek Rating
3.6/ of 5

  • Regular APR
    29.74% variable
    20.49% variable
    0% APR Offer
    Intro Offer
    No current offer
    No current offer
    Rewards Summary
    Earn up to 5% cash back
    Earn 1–4% cash back
    Balance Transfer Offer
    Balance Transfer Fee
    Either $5 or 5% of the amount of each transfer, whichever is greater
    Annual Fee
    Recommended Credit
    580-740 (Fair to Good)
    740-850 (Excellent)
    Penalty APR
    Up to 29.99%
    Not sure?

Which Card Is Better for You?

You might prefer the Costco Anywhere if you have excellent credit and are a frequent Costco shopper. This card offers a range of cash back rewards, including 4% on gas and EV charging, without an annual fee, provided you have a Costco membership. It's a solid choice for everyday spending, especially if you want to maximize rewards on a variety of purchases.

You might prefer the Credit One Bank Platinum X5 if your credit score is in the fair to good range and you're looking for cash back on specific categories like gas, groceries and utility services. Despite a higher APR and annual fee, this card offers a competitive 5% cash back on these select purchases up to $5,000 annually.

Head-to-Head Comparison: Card Details and Features

Evaluating APRs, fees, credit requirements, rewards and additional features will illuminate which card aligns with your financial habits. The Costco Anywhere card benefits frequent Costco shoppers with generous cash back on gas and travel, while the Credit One Platinum X5 card offers substantial rewards on everyday expenses.

    discount icon

    Regular APR: Costco Anywhere

    The Costco Anywhere is better, offering a lower starting APR of 20.49% variable compared to the Credit One Platinum X5's 29.74% variable.

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    Annual Fee: Costco Anywhere

    The Costco Anywhere is better for avoiding a traditional annual fee, as it has no annual fee with a paid Costco Membership, which costs $60 annually. In contrast, the Credit One Platinum X5 carries a $95 annual fee with no membership requirement.

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    Introductory 0% APRs: Tie

    Neither the Costco Anywhere nor the Credit One Platinum X5 offers introductory 0% APRs on purchases or balance transfers.

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    Rewards: Credit One Platinum X5

    The Credit One Platinum X5 is better for rewards, offering 5% cash back on essential services up to $5,000 annually, then 1%. Costco Anywhere provides 4% on gas and EV charging up to $7,000 annually, then 1%, and additional categories at lower rates. Costco Anywhere's co-branded benefits are valuable for Costco members, but Credit One Platinum X5's higher cash back on everyday essentials makes it superior for rewards.

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    Welcome Offers: Tie

    Neither the Credit One Bank Platinum X5 nor the Costco Anywhere offers a welcome bonus.

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    Recommended Credit Score: Credit One Platinum X5

    The Credit One Platinum X5 is more accessible, catering to credit scores from 580 to 740 (fair to good), compared to the Costco Anywhere, which requires a 740 to 850 (excellent) credit score.

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    Penalties and Fees: Credit One Platinum X5

    Considering penalties and fees, the Credit One Platinum X5 is more favorable due to its absence of a penalty APR and a slightly lower maximum late fee compared to the Costco Anywhere.

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    Issuer Satisfaction: Costco Anywhere Visa Card by Citi

    Citibank (issuer of the Costco Anywhere) outperforms with a rating of 4.1, compared to Credit One Bank (issuer of the Platinum X5), which has a rating of 2.

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    Other Features & Perks: Tie

    The Costco Anywhere provides no foreign transaction fees and an annual reward certificate redeemable at Costco. The Credit One Platinum X5 offers zero fraud liability, a free credit score and report summary and additional cash back at participating merchants.

Rewards Comparison

The Credit One Platinum X5 stands out for its 5% cash back on essential services like internet, cable and mobile phone service, up to $5,000 annually. After that cap, the rewards rate drops to 1%, but it's a strong contender for those with high spending in these categories.

The Costco Anywhere card doesn't charge an annual fee with a paid Costco membership and offers a broad range of cash back categories, including an impressive 4% on gas and EV charging (up to $7,000 per year) and 3% on dining and travel, which are common expenses for many consumers. While the Costco Anywhere card may have a lower expected reward value, its rewards are more diverse and can be redeemed for cash or merchandise at Costco warehouses, adding a layer of flexibility for Costco shoppers.

For those who frequent Costco, the additional benefits of the Costco Anywhere card can be quite valuable, especially considering the 2% cash back on all purchases from Costco and

Below is a table of bonus categories to help you compare the rewards programs of both cards.

Credit One Platinum X5
Costco Anywhere


5% up to $5,000 annually/1% thereafter

4% up to $7,000 annually/1% thereafter


5% up to $5,000 annually/1% thereafter








Internet, Cable, Satellite TV and Mobile Phone Services

5% up to $5,000 annually/1% thereafter


Redeeming Rewards

For the Costco Anywhere card, cash back is issued annually via a reward certificate after the February statement. These certificates can be redeemed at Costco warehouses for goods or cash back but must be used by December 31 of the year issued.

Active Costco membership is required for redemption. In contrast, the Credit One Platinum X5 card simplifies the process, allowing cash back to be redeemed solely as a statement credit, providing a straightforward but less flexible approach.


MoneyGeek evaluates credit cards like the Credit One Platinum X5 and Costco Anywhere using a tailored scoring system for various use cases, such as cash back. In this comparison, each card's score reflects the category where it performs best.

The most significant factors in determining these scores are the effective reward rate and the return on investment for offers. For a deeper understanding of our scoring process, you can review our ranking methodology.

FAQ: Credit One Platinum X5 vs. Costco Anywhere Card

What are the annual fees for these cards?
How do the rewards programs compare between these two cards?
What is the recommended credit score for each card?
Are there foreign transaction fees associated with these cards?
Can I earn cash back on gas purchases with both cards?

About Doug Milnes, CFA

Doug Milnes, CFA headshot

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.

*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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