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Whether you’re filling up your gas tank, shopping for groceries, or traveling, this card offers a robust cash back program designed to enhance your spending experience. In this Costco Anywhere Visa Card by Citi review, we’ll dive into its features, benefits, and how it works.
Features of the Costco Anywhere Visa Card by Citi
The Costco Anywhere Visa Card by Citi comes packed with convenient features to enhance your shopping experience.
One of the key perks is the ability to use digital wallets, making it easy to shop securely at millions of places online, through apps, and in stores. This not only streamlines your checkout process but also keeps your card information protected.
Another great feature is Contactless Pay. With a simple tap on a payment terminal, you can make fast, secure transactions without having to swipe or insert your card, adding an extra layer of ease and safety to your purchases.
Plus, the card offers Damage & Theft Purchase Protection. If something you buy with your Costco Anywhere Visa Card by Citi gets damaged or stolen within 120 days (90 days for New York residents), you could be covered for repairs or even get a refund.
This added security means you can shop with confidence, knowing your purchases are protected from the unexpected.
Pros and Cons of Costco Anywhere Visa Card by Citi
The Costco Anywhere Visa Card by Citi comes with several benefits and a few drawbacks. Let’s take a closer look at some pros and cons associated with this card:
Benefits
Here are some of the Costco Anywhere Visa Card by Citi benefits:
- Special Access: Citi Entertainment offers special access to purchase tickets for a wide range of events, including concerts, sporting events, and dining experiences.
- Presale Tickets: enjoy the advantage of securing presale tickets for some of the year’s most anticipated events.
- Exclusive Experiences: gain access to exclusive experiences that are otherwise hard to come by.
Cons
Here is the main drawback:
- Single Transaction Requirement When Redeeming Rewards: a rewards’ redemption certificate must be used and only in a single transaction, which could be limiting if you have a large amount of rewards.
Rates and Fees
The Costco Anywhere Visa Card by Citi has a variable APR of 20.49% for purchases and balance transfers. If you use Citi Flex Plans that are subject to an APR, the rate is also 20.49%.
For Citi Flex Pay Plans that are subject to a plan fee, you’ll see a monthly fee of up to 1.72%, depending on the plan duration, the transaction’s APR, and other factors.
For cash advances, the variable APR is 29.99%, and if you pay late or have a returned payment, the penalty APR can go up to 29.99%.
There’s a minimum interest charge of $0.50, and while there’s no fee for foreign purchases, the cash advance fee is the greater of $10 or 5% of the advance amount. Balance transfers also come with a fee, whichever is greater: $5 or 5% of the transferred amount.
The good news is there’s no annual fee as long as you have a paid Costco membership. Keep in mind, this offer is for new card members and is subject to credit approval, along with other terms and conditions that will be provided when you apply.
Eligibility Criteria and Requirements
To apply for a Costco Anywhere Visa Card by Citi, you first need to be a member of Costco Wholesale Corporation, which is an international chain of membership warehouses.
An active Costco membership is required for the application. When signing up, you’ll need to provide a valid photo ID, such as one issued by the United States, Puerto Rico, Canadian Federal, State, or Provincial governments, a valid passport or a driver’s license.
Then, you can choose between a Gold Star Membership, which costs $60, or an Executive Membership for $120. Both memberships come with two household cards and are valid for a year.
How to Apply for the Costco Anywhere Visa Card by Citi?
Applying for the Costco Anywhere Visa Card by Citi is simple. Start by visiting the Costco website and clicking “Apply Now.”
You’ll be directed to a form where you need to provide your Costco membership number and personal information, including your name, address, Social Security number, date of birth, and country of citizenship.
You must also provide a phone number and email address. For financial details, specify if any of your income is exempt from U.S. federal income tax, then enter your total annual income and monthly mortgage or rent payment.
If you wish to add an authorized user, you’ll need their name, date of birth, Social Security number, and Costco membership number. You can add an authorized user later if needed. Lastly, review and agree to the Terms & Conditions before submitting your application.
Conclusion
The Costco Anywhere Visa Card by Citi is a solid option for Costco members, thanks to its generous cash back rewards and various perks.
While there are a few drawbacks to consider, understanding how the card works and its structure can help you decide if it fits your spending habits and financial goals.
