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A cash-back or rewards credit card can be an effective part of your money-saving toolbox. But while you may be tempted to sign up for the shiniest, most dazzling card, some aren’t worth the annual fees or your time. When we found out about Costco’s members-only Citibank credit card, we wanted to find out if it was another run-of-the-mill piece of plastic or something special. Our verdict? Costco’s Anywhere Visa is a high rewards cash-back card that’s worthwhile for existing Costco members but not without its drawbacks.

Cash-Back Rewards

  • 4% cash back on eligible gas for the first $7,000 per year, 1% thereafter 

  • 3% cash back on eligible travel and restaurant purchases

  • 2% cash back on Costco purchases

  • 1% cash back on all other purchases

The Fine Print

  • Annual Fee: $0 for Costco members

  • Foreign Transaction Fee: $0

  • Regular APR: 16.74% variable

  • Recommended FICO credit score: 781-850 (excellent)

Costco’s Citibank Card in a Nutshell

If you’re already a Costco member looking for a cash-back card, then you can’t go wrong with the wholesaler’s Citibank Anywhere card. It’s free for Costco members, it boasts hefty rewards on purchases like gas and travel, and it doubles as a Costco ID card. But given that non-members will have to pay a fee to join Costco anyway, there are better alternatives — like the Chase Sapphire Preferred Card — for consumers who do their shopping elsewhere.


  • No annual fee for Costco members

  • No foreign transaction fees

  • Competitive cash-back rewards


  • You’ll lose the card if you cancel your Costco membership

  • Non-members will have to pay Costco’s membership fee

  • Requires excellent credit

Frequently Asked Questions

Who should consider Costco’s Citibank credit card?

This card is great for Costco loyalists and frequent travelers. If you don’t shop at Costco and don’t plan on becoming a member, consider something else.

Where can I apply for a Costco Citibank card?

Apply here.

Where can I log into my Costco Citibank account?
Sign in at

How can I redeem my cash-back rewards?
Citibank will distribute cash-back rewards as an annual certificate once your February statement closes. You can redeem a certificate for cash or merchandise at any Costco Warehouse location.

Does Costco’s Citibank card have a foreign transaction fee?
No. Purchases abroad won’t incur extra fees.

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