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Costco Anywhere Visa Card Review: Membership Credit Card

Although it’s a membership card, Costco members can use the Costco Anywhere Visa Card anywhere Visa is accepted and earn rewards for everyday purchases like gas, travel and food. However, the card is only available to existing Costco members. If you cancel your Costco membership, your Costco Anywhere Visa Card will also be cancelled.


If you are not a current Costco member, should you pay the membership fee to use the Costco Anywhere Visa Card? If you are a Costco member, do the benefits and benefits offered exceed other rewards cards?

Before you apply for this membership card, here are five important pieces of information about the Costco Anywhere Visa Card:

Before applying for a Costco Anywhere Visa Card, you must be an existing member of a Costco department store. When you apply for a loyalty card, the first thing you need to do is enter your Costco membership number.

The annual fee is $60 for Gold Star members and $120 for Gold Star Executive members, plus applicable sales tax. Gold Star members get even more discounts and benefits on Costco services, plus a 2% annual bonus on eligible Costco and Costco Travel purchases, up to $1,000. These benefits are in addition to any cash back rewards you earn when you shop with your Costco Anywhere Visa Card.

With no annual fee on top of the Costco membership fee, the Costco Anywhere Visa Card might be a good option. However, if you’re already a camp member with BJ’s or Sam’s Club, you’ll need to determine if the extra membership fee is worth it.

What should you know before applying?

1. You can earn more rewards than Costco purchases

Unlike other loyalty cards, the rewards program is not limited to purchases from Costco. The Costco Anywhere Visa Card Rewards Program offers tiered cash back rewards based on the nature of your purchases:

  • 4% cash back on the first $7,000 per year, then 1%
  • 3% cash back on meals and eligible travel
  • 2% cash back on Costco and Costco.com purchases
  • 1% cash back on all other purchases.

2. What you buy at Costco isn’t bringing you the most money

While the Costco Anywhere Visa Card is exclusive to Costco members, you won’t make the most money from Costco purchases. While you can earn 3% to 4% cash back on gas, food, and travel, you can only earn 2% cash back on purchases at Costco and Costco.com.

While this may be disappointing, most cash-back credit cards limit reward eligibility for in-stock purchases. If you’re a frequent Costco customer, the 2% unlimited cash back can add up to make the Costco Anywhere Visa Card a great value card in your wallet.

3. Receive an award certificate once a year

If you’ve used other cash back credit cards before, you’re probably used to using rewards for purchases or cash back once they appear on your statement. But with the Costco Anywhere Visa Card, you can only earn the previous year’s cash back bonus once a year in February. You can also redeem merchandise or cash rewards in person at a Costco warehouse.

4. You get more than just cash back rewards

The Costco Anywhere Visa Card has a solid cash-back rewards program, but that’s not the only benefit you get with this membership card. Cardholders can also get travel and shopping benefits when the card is used for purchases.

Costco Anywhere Visa Card Travel Benefits

When you pay for your rental car with Costco Anywhere’s Visa card, you can save money by not needing insurance from the rental car company, as the card offers up to $50,000 to repair or replace a car damaged, stolen or destroyed in an accident , or damaged by natural disasters.

You, your family and traveling companions are also insured for travel and emergency protection. This includes help with emergency travel arrangements, obtaining referrals, coordinating care, and counseling if you are injured outside of a U.S. emergency, and does not include professional services fees. The card also offers worldwide travel accident insurance, covering up to $250,000 per eligible person during travel.

You can also use Roadside Assistance Dispatch on any vehicle anywhere in the United States, Puerto Rico and the U.S. Virgin Islands. You only pay for the service when you use the insurance.

Another travel benefit is that there are no foreign transaction fees, no matter where in the world you are. Other cards can charge up to 3% on international transactions, which may surprise cardholders when they check their bills after a vacation abroad.

Benefits of shopping with the Costco Anywhere Visa Card

Assuming you use your Costco Anywhere Visa Card or Costco Rewards Gift Certificate for eligible purchases. In this case, Purchase Protection provides you with compensation and theft protection for up to $1,000 or the amount charged on the card or certificate, whichever is lower, for 120 days (90 days for New York residents). You can get up to $50,000 a year in coverage, and you must report theft to the police.

The Costco Anywhere Visa Card Extended Warranty also covers the same purchase. Citi offers a 24-month extended warranty of up to $10,000 per item after the manufacturer’s warranty and customer-purchased warranties expire.

Which bank issued the Costco card?

The Costco Anywhere Visa Card is issued by Citibank. There is no annual fee for the card, but you must be a currently active Costco member to apply for and keep a Costco Anywhere Visa Card.

What payment methods does Costco accept?

Costco accepts cash, checks, EBT and Costco store cards. Visa credit and debit cards and Mastercard debit cards are also accepted. MasterCard and American Express are not accepted at Costco, Costco.com, Costco gas stations, or Costco car washes.

How many guests can Costco take?

Costco policy allows members to bring children and up to two guests on any warehouse visit. However, Costco members are the only ones who can buy it. So if you take a guest to Costco to buy something, you have to pay first and then get a refund from the guest. This can be an advantage if you’re looking to increase your rewards with your Costco Anywhere Visa Card.

Are there alternatives to the Costco Anywhere Visa Card?

The Costco Anywhere Visa Business Card is nearly identical to the Costco Anywhere Visa Card, but does not allow wire transfers. Depending on your business credit card needs, there may be other options that better suit your criteria.


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