Citi Costco Business Credit Card Review
Key Takeaways
If you really want to maximize your spending at the popular warehouse store, then at least get this, the Costco Anywhere Visa Business Card, so you don’t take up a 5/24 spot with the personal card (that has the same exact offers as this one). We still suggest skipping this one in favor of anything with a signup bonus.
Why This Card Could Be Right For You
The Costco Anywhere Visa Business card does offer some impressive points multipliers for loyal Costco shoppers who also fill up their gas tanks at the store. This card offers 5% back on gas at Costco, plus 4% back on other eligible gas and EV charging stations (there is a combined cap of $7000 per year). Cardmembers can also receive 3% back on restaurants and eligible travel, including Costco Travel, plus 2% back on all other Costco purchases. You’ll then receive 1% back on all other purchases. For loyal Costco shoppers who spend a lot of money there, you could get a nice cash back reward in March, but the card doesn’t offer a signup bonus of any kind, and you can only use the rewards at Costco or redeem them for cash. There is no annual fee with this card, but you do have to have a Costco membership, which starts at $65 per year.
When The Usual Advice Doesn't Apply
The exceptions where this card might not be good for you:
- You want to utilize your spending for points and miles for travel, and this card won’t offer the same value as so many others
How The Citi Costco Business Credit Card Fits In The Cash in Cents Ecosystem
There is a personal card that offers the exact same benefits as this card, but we suggest that you really don’t waste a 5/24 spot on a card that offers no welcome bonus and only spending multipliers as benefits, not to mention reward redemptions that only be used at Costco or as cash back. When considering what rewards credit card to get next (or first), we will almost always suggest looking for one with the highest SUB or most benefits that fit your travel lifestyle, and either of the Costco cards will be way down the list of available ones out there.
Card Information
| Bonus Points | Minimum Spend | Point Value | Annual Value | Annual Fee |
1st Year Value
|
|---|---|---|---|---|---|
| 0 | $0 | 1.0 ¢ | $0 | $0 |
$0
|
Spend Categories
1X points
1¢ Per Dollar Spent
4X points
4¢ Per Dollar Spent
3X points
3¢ Per Dollar Spent
3X points
3¢ Per Dollar Spent
2X points
2¢ Per Dollar Spent
Card Benefits
You will pay no foreign transaction fees when you use your card for purchases made outside the United States.
will cover repairs or a refund if eligible purchases made with your card are damaged or stolen within 120 days of purchase (90 days for New York residents).
Point Transfer Options
Transfer To Spouse/Partner Yes
Transfer To Friends Yes
Travel Partner Transfers
Outside Point System Cash in Cents
Transfers In From
1:1 63% value retained
1:1 100% value retained
1:1 77% value retained
1:1 63% value retained
1:1 91% value retained
1:1 77% value retained
Citi Costco Business Application Rules
This business card will not show on your personal credit report, so it won't count against your 5/24 status
You'll be declined if you apply for a second Citi business card within 95 days
Card approval not subject to 5-personal-cards-in-24-months rule
You'll be declined if you apply for a third Citi card within 65 days
You'll be declined if you apply for a second Citi card (business and/or personal) within 8 days
You'll be declined if there are 6 or more hard inquiries on your credit report the past 6 months
