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Costco Anywhere Visa® Business Card by Citi Review

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Costco Anywhere Visa® Business Card by Citi

Rewards Rate
4% cash back on eligible gas and EV charging purch...
APR
19.99% - 27.99% variable
Annual Fee
$0
Recommended Credit
740-850 (Excellent)
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For generous rewards on gas and travel expenses, the Costco Anywhere Visa® Business Card by Citi is a good choice. The reward rates offered by this card make it a high-value card for small and medium businesses that are loyal to Costo. Categories such as gas purchases earn you up to 4% cashback with this card, while rewards for travel and restaurant purchases are set at 3%. Your Costco purchases will earn you 2% cash back and all other eligible purchases get 1% cash back. For Costco members, especially business owners, the Costco Anywhere Visa® Business Card by Citi is a great way to earn substantial rewards.

Costco Anywhere Visa® Business Card by Citi Overview

In order to understand if you can make the most of the bonuses and rewards offered by the Citi Costco Anywhere Visa Business Card, here’s a breakdown of what you need to know.

Quick Take

  • $0 annual fee
  • Competitive APR for purchases
  • 4% cash back on spending of up to $7,000 per year on all gas purchases globally, and 1% thereafter
  • 3% cash back on spending at restaurants and on eligible travel purchases worldwide
  • All purchases at Costco and Costco.com (other than gas) come with 2% cash back
  • Spending across all other categories gets you 1% cash back
  • Redeem earned cash back for merchandise or cash at any Costco warehouse in the U.S. and Puerto Rico
  • No foreign transaction fees
  • Complimentary extended warranty and damage and theft purchase protection
  • Complimentary access to Citi Concierge and Citi Entertainment
  • Fraud early warning in case of suspicious activity

Important Card Details

Before you apply for the Costco Anywhere Visa® Business Card by Citi, it is important to be aware of the applicable charges and fees that will apply to your account.

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    Regular APR

    The regular variable APR on purchases is 20.49% depending on factors such as your creditworthiness. The Costco Anywhere Visa® Business Card by Citi does not have an introductory APR offer.

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    Cash Advance APR

    For cash advances, the APR is 29.99%. You will also pay a cash advance fee of either $10 or 5% of the amount of the cash advance, whichever is greater.

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    Rewards Earning Rate

    You will earn 4% cash back for all your gas purchases up to the $7,000 limit per year. Your travel and restaurant expenses will earn rewards at a rate of 3%, while your in-store and online Costco purchases will earn cash back at a rate of 2%. The Costco Anywhere Visa® Business Card by Citi is also accepted in other stores besides Costco, so you will earn 1% cashback for all eligible purchases.

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    Annual Fee

    This card has no annual fee, but you do need to have a Costco membership to qualify for this card.

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    Foreign transaction Fees

    The Costco Anywhere Visa® Business Card by Citi has no foreign transaction fee. This means that you can use it when traveling internationally or order from suppliers outside the U.S. without paying additional transaction fees.

Additional Benefits

Beyond the rewards and benefits, the Costco Anywhere Visa® Business Card by Citi comes with some extra features that make the card extra valuable.

How the Costco Anywhere Visa® Business Card by Citi Compares To Other Cards

The Costco Anywhere Visa® Business Card by Citi offers decent rewards in spending categories such as gas and travel. For businesses that spend a lot in these categories, this card offers a lot of value. However, if you compare this card with other cards, you may find an option that is better suited to your needs.

How the Costco Anywhere Visa® Business Card by Citi Compares

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Costco Anywhere Visa® Business Card by Citi

  • Annual fee: None
  • Purchase APR: 20.49% Variable
  • Foreign transaction fee: None
  • Rewards rate: 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 and 1% cash back on all other purchases
  • Redemption options: Limited to once a year at Costco Warehouses
  • Mini Verdict: Best for Costco members who spend a lot on gas, travel and dining expenses.
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American Express® Business Gold Card

  • Annual fee: $375 See rates and fees
  • Purchase APR: 18.74%-27.74% Variable See rates and fees
  • Foreign transaction fee: None See rates and fees
  • Rewards rate: Earn 4X Membership Rewards points on the top two eligible categories where your business spends the most each month from six eligible categories, up to $150,000 in combined purchases each calendar year. After that, earn 1X points. 3X Membership Rewards points on flights and prepaid hotels booked on amextravel.com using your Business Gold Card. And 1X is earned for other purchases.
  • Redemption options: Multiple options with no time restrictions.
  • Mini Verdict: Best for businesses looking for high rewards in specific categories and a flexible business card.

Frequently Asked Questions

What is the average credit score needed to get approved for a Costco Anywhere Visa® Business Card by Citi?
Does the Costco Anywhere Visa® Business Card by Citi report to all three credit bureaus?
Is the Costco Anywhere Visa® Business Card by Citi application process lengthy? Can you prequalify?
What information is needed to apply for a Costco Anywhere Visa® Business Card by Citi?
Does the Costco Anywhere Visa® Business Card by Citi have good customer service or satisfaction?
Does the Costco Anywhere Visa® Business Card by Citi have a mobile app or the option to pay or manage your account online?
Does the Costco Anywhere Visa® Business Card by Citi raise credit limits automatically or charge for limit increases?
Does the Costco Anywhere Visa® Business Card by Citi offer the option to freeze your credit/account or have other security features?
Does Citi offer other credit cards besides the Costco Anywhere Visa® Business Card by Citi?

For rates and fees of the American Express® Business Gold Card, please click here.

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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