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If you're a Costco member and you spend a lot of money on gas or EV charging, the
Costco Anywhere Visa Overview
The
If you're someone who drives long distances or commutes to work, this card could be an excellent choice for your wallet for that reason alone. You'll earn 4% cash back on eligible gas and EV charging purchases worldwide on up to $7,000 in spending per year (then 1%).
You'll also earn 3% cash back on all restaurants and eligible travel, 2% back on Costco purchases, and 1% back on everything else. Note that the card has no annual fee, but you'll need an active Costco membership to qualify for the card.
While the ongoing rewards you earn with this card can be quite lucrative, the fact that there's no sign-up bonus is a downside, as is the limitation on how you can use your rewards — you'll only receive your rewards once per year, in the form of a certificate you can redeem for cash back or merchandise at Costco.
Because of this, you should also consider one of the best cash-back credit cards before you decide on the
Costco Anywhere Visa Card Rewards
Welcome Bonus
The
How to Earn Rewards
One great feature about a "store card" like the
Gas stations and EV charging
You'll earn 4% cash back at gas stations and EV charging with the
Restaurants and travel
The
- Airfare
- Hotels
- Rental cars
- Cruises
- Travel agencies (including Costco Travel)
Costco purchases
The
If you've also got a Costco Executive membership (which offers 2% back at Costco), you'll earn a total of 4% back on all purchases — or 5% back when buying travel through Costco Travel. That's excellent.
In other words, Costco Executive members can earn 4% back with Costco if they have this card — or 5% back if they're making a purchase through Costco Travel.
Other eligible purchases
This card earns a flat 1% cash back for expenses that don't fall into a bonus category. There's no limit to the amount of cash you can earn.
How to Use Rewards
Redeeming the rewards you earn with the
You can't redeem incrementally as you accrue cashback — you can't even redeem monthly after your rewards post. You can only cash out once per year "as an annual credit card reward certificate once your February billing statement closes." You can either receive cash or use your rewards for merchandise at US Costco warehouses.
Either way, you'll have to actually visit a Costco warehouse to obtain your rewards.
Costco Visa Benefits and Features
This card doesn't offer as impressive a suite of benefits as our favorite rewards credit cards, but you can do worse for no annual fee. Here's what you can expect.
Purchase protection
The
No foreign transaction fees
Some credit cards charge a fee (usually 3%) just for the privilege of swiping your card outside the US. The
Car rental insurance
The
To activate this benefit, you'll need to waive the CDW at the rental agency counter. You'll receive primary insurance when outside the US, and secondary when renting domestically.
Peer-to-peer rental platforms like Turo aren't covered by this perk.
Travel accident insurance
This card will cover up to $250,000 per person in the event of tragedy during your travels. Eligible situations that qualify for travel accident insurance include:
- Accidental death on a "Common Carrier" (such as a plane, train, ferry, cruise ship, etc.)
- Loss of a limb
- Loss of sight
- Loss of speech
- Loss of hearing
Those covered include the primary cardholder, spouse, domestic partner, and dependents.
Roadside assistance dispatch service
If you're within the US (including Hawaii, Alaska, Puerto Rico, and the US Virgin Islands), you'll have access to 24/7 roadside assistance.
You'll pay a pre-negotiated price for each service call, and will have access to the following:
- Towing/winching
- Jumpstart
- Change of flat tire (you must have a spare)
- Lock-out service (when the key is inside the vehicle
- Up to two gallons of gas delivered
The primary cardholder is the only one covered for this and must be with the car.
Travel and emergency assistance
The
Family members and traveling companions are eligible to use this benefit — even if you're not traveling with them.
Citi Entertainment access
Additionally, you'll receive access to presale tickets and exclusive experiences through the Citi Entertainment program.
Costco Visa Annual Fee and Other Costs
You must have a Costco membership to qualify for this credit card. Costco memberships start at $60, which is worth considering if you don't have a membership already and don't plan on shopping at the store very often.
In terms of additional costs, this card will charge interest on outstanding balances, as well as cash advance and balance transfer fees.
It's great to see no annual fee and no foreign transaction fees, however.
Compare the Costco Anywhere Visa
Annual fee | |||
Rewards rate | 4% cash back on eligible gas worldwide and EV charging (on up to $7,000 in spending per year, then 1%) 3% cash back on restaurant and eligible travel purchases worldwide 2% cash back on all other purchases from Costco and costco.com 1% cash back on all other purchases | 5% cash back (5x points) on travel purchased through Chase Ultimate Rewards® 5% cash back (5x points) on up to $1,500 in purchases each quarter in rotating bonus categories when you activate 3% cash back (3x points) on dining and drugstore purchases 1% cash back (1x points) on everything else | 2% cash rewards on purchases |
Welcome bonus offer | No publicly available bonus (though you may be targeted) | ||
Benefits | No foreign transaction fees Can be used as your Costco membership card | Car rental insurance (secondary in the US, primary otherwise) Trip cancellation/interruption insurance Purchase protection Extended warranty Travel and emergency assistance services | Cell phone protection Visa Signature® Concierge Roadside dispatch Travel and emergency assistance services Emergency cash disbursement and card replacement Access to the Visa Signature Luxury Hotel Collection |
Review |
*6% cash back at U.S. supermarkets on up to $6,000 spent per year, then 1% back/1 point per dollar (cash back is received in the form of Reward Dollars that can be redeemed as statement credits)
Costco Credit Card Frequently Asked Questions
Who is eligible for the Costco Anywhere Visa?
You must be a Costco member to open the
Is the Costco Anywhere Visa a cash back card?
The
How do you redeem rewards with the Costco Anywhere Visa?
You can only redeem your rewards once per year (after your February billing statement closes). You'll have through December 31 to redeem your cash back, and you must visit a Costco warehouse.