MoneyGeek’s Take

Costco Anywhere Visa® Business Card by Citi Review

The Costco Anywhere Visa® Business Card by Citi offers generous rewards on both business and everyday purchases. To enjoy the Costco Anywhere Visa® Business Card by Citi benefits you do not need to pay an annual fee. However, you do have to be an active Costco member.

By Doug Milnes, CFA

Reviewed by Alene Laney

Updated: December 19, 2024

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Costco Anywhere Visa® Business Card by Citi

Rates & Fees

REVIEW & APPLY

On Issuer's Site

Rewards Rate

4% cash back on eligible gas and EV charging purch...

APR

19.74% - 27.74% variable

Annual Fee

Recommended Credit

740-850 (Excellent)

PROS
- Pay no annual fees
- Pay no foreign transaction fees
- Earn 4% cash back on all gas purchases globally for up to $7,000 in spending per year, and 1% thereafter
- Earn 3% cash back when spending at restaurants and on eligible travel purchases globally
- Earn 2% cash back on all non-gas related purchases at Costco and Costco.com
- Earn 1% cash back on all other purchases
- Redeem cash back for cash or merchandise at Costco Warehouses across the U.S. and Puerto Rico
- Competitive APR for purchases
- Fraud early warning to safeguard your account
- Extended warranty and damage and theft purchase protection to safeguard your purchases
- Access to presale tickets and special events via Citi Entertainment
- 24/7 access to Citi Concierge
CONS
- Need to be a Costco member to apply
- Cash back provided as an annual credit card reward certificate at the close of the February billing cycle
- Penalty APR applies in cases of returned and late payments
- Cash advance fee
- No complimentary travel coverage
- Rewards
  - Earn 4% cash back on eligible gas and EV charging purchases for the first $7,000 annually, then 1% thereafter.
  - Get 3% cash back on restaurants and eligible travel purchases.
  - Enjoy 2% cash back on purchases from Costco and Costco.com.
  - Receive 1% cash back on all other purchases.
- APRS, Fees, and Penalties
  - No annual fee with your paid Costco membership.
  - No foreign transaction fees on purchases.
- Perks & Benefits
  - Receive an annual reward certificate redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico.

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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.

Regular APR

The regular variable APR on purchases is 19.74% - 27.74%% depending on factors such as your creditworthiness. The Costco Anywhere Visa® Business Card by Citi does not have an introductory APR offer.

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.

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.

Annual Fee

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

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

Costco Anywhere Visa® Business Card by Citi

Annual fee: None
Purchase APR: 19.74% - 27.74%% 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.

American Express® Business Gold Card

Annual fee: $375 See rates and fees
Purchase APR: 18.49%-27.49% 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?

You need a credit score of 720 or above 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?

Yes, the Costco Anywhere Visa® Business Card by Citi reports to all three credit bureaus. Citi typically reports to the credit bureaus monthly after the end of a cardholder's monthly billing.

Is the Costco Anywhere Visa® Business Card by Citi application process lengthy? Can you prequalify?

The Costco Anywhere Visa® Business Card by Citi application process is not lengthy. You apply for the Costco Citi Visa in person at a Costco location. You may receive a decision instantly. In some cases, you will get a decision by email or mail in seven to 14 days.

What information is needed to apply for a Costco Anywhere Visa® Business Card by Citi?

To apply for a Costco Anywhere Visa® Business Card by Citi, you need to provide your personal details, including name, social security number and address as well as your financial information, including source and level of income.

Does the Costco Anywhere Visa® Business Card by Citi have good customer service or satisfaction?

The Costco Anywhere Visa® Business Card by Citi has round-the-clock customer service for its cardholders that can be accessed online, through the Citi app or via telephone.

Does the Costco Anywhere Visa® Business Card by Citi have a mobile app or the option to pay or manage your account online?

The Costco Anywhere Visa® Business Card by Citi has a mobile app and the option to manage your account online. You can make payments, view transactions and redeem rewards online or using the Citi mobile app.

Does the Costco Anywhere Visa® Business Card by Citi raise credit limits automatically or charge for limit increases?

The Costco Anywhere Visa® Business Card by Citi may raise credit limits automatically depending on your payment history and creditworthiness. Citi reviews accounts periodically and may extend your credit line if you've demonstrated responsible use of the card.

Does the Costco Anywhere Visa® Business Card by Citi offer the option to freeze your credit/account or have other security features?

The Costco Anywhere Visa® Business Card by Citi has security features such as chip technology and the option to generate a substitute Citi card number while shopping online to protect your account details. Cardholders also get notifications in case of any suspicious transactions.

Does Citi offer other credit cards besides the Costco Anywhere Visa® Business Card by Citi?

Yes, Citi offers multiple credit cards besides the Costco Anywhere Visa® Business Card by Citi, including American Airlines AAdvantage MileUp℠ Card and Citi® / AAdvantage® Platinum Select® World Elite Mastercard®.

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

About Doug Milnes, CFA

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.

Read Full Bio »

*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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