The Costco Anywhere Visa credit card is a good choice not only at Costco, but for  other daily purchases as well.

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Our quick take: If you’re a frequent Costco shopper — either in-store or online — and have high gas, restaurant and travel expenses, you’ll find that the Costco Anywhere Visa® Card by Citi offers a decent cash back rewards program for your shopping needs.


  • Earn 4% cash back on eligible gas purchases and EV charging purchases for the first $7,000 per year (1% thereafter).
  • Earn 3% cash back on restaurants and eligible travel.
  • Earn 2% cash back on all other purchases from Costco.
  • Purchase protection.
  • No foreign transaction fees.
  • No annual fee.


  • No sign-up bonus.
  • No travel protection or luxury travel benefits.
  • No extended warranty protection.
  • You receive your cash back rewards once per year.
  • Cash back rewards expire.
  • Must have a Costco membership to get the card.

Current sign-up bonus: None.

Best for: Costco members who want strong rewards when buying at Costco and filling up their gas tank.

Digging into the Costco credit card

Most store credit cards don’t provide much value. Typically, the category bonuses are limited to that specific store, the ways you can redeem your rewards are limited and the overall perks are sub-par.

But that’s actually not the case for the Costco Anywhere Visa Card. This card offers strong rewards for Costco purchases and even higher rewards at restaurants, and on eligible travel and gas purchases. Although you receive your cash back in the form of a Costco rewards certificate, you have the option to opt for actual cash — a rarity for store credit cards.

Advantages of the Costco credit card

The biggest perk of the Costco Anywhere Visa Card card is the rewards you’ll earn on many practical purchases. With this card, you’ll get 4% cash back on eligible gas and EV charging purchases worldwide, including gas at Costco (capped at the first $7,000 in purchases per year, then 1% thereafter). You’ll also earn 3% cash back at restaurants and on eligible travel purchases, 2% cash back on all Costco and purchases other than gas and 1% cash back on everything else.

A 4% return on gas — or if you have an electric car — makes this card a top contender compared to many other highly-ranked credit cards. In fact, it’s one of the best cards in the market for those looking for cash back when filling the tank — especially since the card doesn’t carry an annual fee. And let’s not forget that this includes Costco gas, which is typically less expensive than many other gas stations in the same local area.

Earn 4% cash back on gasoline purchases, both at Costco and other gas stations.

The 3% return on restaurants and eligible travel purchases is also quite decent, especially if you’re looking for cash back. There are other cards that could potentially give you a higher return, but they’re mostly travel rewards cards, such as the Chase Sapphire Reserve®.

Related: Is the Chase Sapphire Reserve worth the increased annual fee?

You’ll also find that the Costco Anywhere Visa card offers strong purchase protection benefits. With the purchase protection benefit, you’ll be covered if your item is damaged or stolen within 120 days of purchase (90 days for New York residents), as long as you’ve paid for the item with your Costco Anywhere Visa. The coverage is good for up to $10,000 per item and $50,000 annually, which is a surprisingly high reimbursement cap for a credit card with no annual fee.

Unfortunately though, this card no longer offers extended warranty coverage. Although Costco already has a very favorable return policy where you can return almost anything you’ve ever purchased for a full refund, so this benefit doesn’t matter too much on most Costco purchase. The return policy, however, doesn’t apply to electronics and major appliances, which only have a 90-day return window. This might make you rethink using the Costco card on these purchases, since there are many other credit cards that will extend the warranty another two years — for purchases at Costco and any other retailer.

Finally, while you likely don’t have travel on your mind at the moment, since this card also has no foreign transaction fees, you can use it if you decide to travel out of the country once the travel industry recovers from current events.

Disadvantages of the Costco credit card

Although the Costco Anywhere Visa card has no annual fee and carries strong rewards and benefits — which is a rare find — you do have to have a Costco membership to get it, which starts at $60 per year. That means if you don’t normally have a Costco membership, you’ll need to think of this card as having a $60 annual fee.

The Costco credit card also doesn’t offer a sign-up bonus, and you have to wait a full year to receive your rewards, as you get your rewards in the form of an annual certificate issued each February after your billing statement closes that month. You also only have until December 31 of that year to redeem your rewards — they’ll expire if you forget to use them.

While it’s sometimes nice to get a large check at once if you want to treat yourself to something big, many people would prefer to receive their rewards more often throughout the year. So if you’re looking to get a return on your credit card right away, this is not the card for you.

Once you receive your annual certificate, it can be exchanged for cash — instead of only being used only towards Costco purchases. But you’ll have to physically go to your local Costco to swap it for cash. This involves an extra step and means you have to have a Costco store in close proximity.

You'll need to trek to a physical Costco store to exchange your rewards certificate for cash.

Lastly, you’ll only earn a 2% return on Costco purchases and 1% on all other purchases that aren’t covered by one of the card’s bonus categories. CNN Underscored’s benchmark credit card, the Citi® Double Cash Card, earns 2% cash back on every purchase you make — 1% when you buy something, and another 1% when you pay it off.

This makes the Costco credit card not very valuable for everyday spending, though since Costco stores themselves only take Visa credit cards, you wouldn’t be able to use the Citi Double Cash in-store as its a Mastercard. But you can use it at, which does accept cards other than Visa.

Stacking up the Costco credit card against our benchmark

CNN Underscored has chosen the Citi Double Cash as our “benchmark” credit card. That doesn’t mean it’s the best credit card on the market — rather, it means we use it as a basic standard to compare other credit cards and see where they score better, and where they’re worse.

Here’s how the Costco Anywhere Visa scores against our benchmark. The features of each card in the below chart are colored in green, red or white. Green indicates a card feature that is better than our benchmark. Red indicates the feature is worse than our benchmark, and white indicates the feature is either equivalent or cannot be directly compared to our benchmark.

Citi Double Cash Card Costco Anywhere Credit Card
Card type Mastercard Visa
Sign-up bonus None None
Earning rate 2% on all purchases (1% when you buy,1% when you pay it off) 4% on eligible gas and EV charging purchases (up to $7,000 per year, then 1%), 3% on restaurants and eligible travel, 2% on and Costco purchases, 1% on everything else
Redemption value 1 cent (cash back) 1 cent (toward Costco purchases or cash back)
Ease of basic redemptions Easy Easy
Advanced redemptionoptions Can transfer ThankYou points to 16 airline partners if you also have the Citi Premier℠ or Citi Prestige® None
Quality of advanced redemptions Good N/A
Annual fee $0 $0 (must have a Costco membership)
Foreign transaction fee 3% 0%
Travel perks None None
Purchase protections None Purchase Protection, Extended Warranty
Travel protections None None
Other perks None None
Introductory purchase interest rate None None
Introductory purchase interest length N/A N/A
Standard purchase interest rate 18.24%-28.24% variable 19.49% variable
Introductory balance transfer rate 0% None
Introductory balance transfer length 18 months N/A
Balance transfer fee 3% or $5, whichever is greater N/A

When reviewing other credit cards, we use this format and these criteria to compare them with our benchmark. You can read our credit card methodology for more details on what we take into account when it comes to perks, protections and redemption value.

Other credit cards similar to the Costco credit card

If you’re looking for a credit card that offers solid rewards on all your purchases without having to worry about bonus categories, a card to consider would be the Citi Double Cash. With the Citi Double Cash, you’ll earn a 2% return on all purchases — 1% when you buy something, and another 1% when you pay it off — although the card doesn’t offer the same purchase protection coverage as the Costco Anywhere Visa.

Related: Read CNN Underscored’s complete review of the Citi Double Cash Card.

You also might consider the Chase Freedom Unlimited® card, which actually only earns 1.5% cash back on all purchases. However, if you pair it with a premium Chase Ultimate Rewards credit card such as the Chase Sapphire Preferred® Card, you can instead redeem those points toward travel at a higher rate or even transfer them to Chase’s airline and hotel partners.

The Freedom Unlimited also offers purchase protection and extended warranty benefits, although the coverage caps are slightly lower than the Costco credit card. On the travel side though, the Freedom Unlimited offers trip cancellation and interruption insurance, where the Costco credit card removed that benefit last year.

Should you get the Costco credit card?

The Costco credit card is best for people with a local Costco and an existing membership.

First and foremost, you should only consider the Costco Anywhere Visa card if you live near a Costco warehouse location, and ideally if you’re already a Costco member. If you fit into that bucket, you’ll probably find this is one of the better credit cards to use for your gas and restaurant purchases. Or, if you have an electric car, this is one of the only cards that will reward you with a bonus when using an EV charging station.

While the Costco credit card offers strong rewards on your travel purchases, we recommend using a card that comes with travel protections to book many of your travel activities. You’ll also find the Costco card is a good choice for your Costco purchases. Although it earns a return that’s similar to many cash back cards, you’ll receive strong purchase protection coverage.

You’ll need to be comfortable waiting to receive your rewards once a year with the Costco credit card instead of on an ongoing basis. But if you’re looking for one card that carries many benefits and strong cash back — all for no annual fee — then the Costco Anywhere Visa is definitely a card to consider.

Learn more about the Costco Anywhere Visa Card.

Need to temporarily make ends meet? Find out which cards CNN Underscored chose as our best credit cards with 0% interest on purchases.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Note: While the offers mentioned above are accurate at the time of publication, they’re subject to change at any time and may have changed, or may no longer be available.