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*Disclaimer: This article is accurate as of the publish date June 20, 2016
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The new Costco Anywhere Visa® Card by Citi has finally arrived. Ever since Costco ended its relationship with American Express last year, many loyal shoppers have been eagerly awaiting the release of this new credit card. The Costco Anywhere Visa Card is now accepting new applicants and the rewards and perks are better than ever!
There have been a lot of questions around the Costco Credit Card transition. But now that the shift is complete, cardholders can begin enjoying the great rewards and benefits of the Costco Anywhere Visa® Card by Citi.
How to Get Your Card
Costco members who don’t already have a Costco Credit Card can now apply for the Costco Anywhere Visa® Card by Citi.
If you are a previous account holder with the Costco Card from American Express, you should have already received your new Citi card in the mail. Now that the June 20th transition date have arrived, you can activate your Citi Costco Card and begin using it for your everyday purchases.
Incredible Rewards for Cardholders
The new Costco Anywhere Visa Credit Card comes with a very generous rewards program. Here are the details on the cash back you will earn:
If you're already a Costco Member, this credit also has no annual fee, so you can earn tons of cash back without having to pay a fee to earn rewards.
Why We Love the Costco Anywhere Visa® Card by Citi
Costco customers are some of the most loyal shoppers in the country – and for good reason! While you do have to pay an annual membership fee, there’s no doubt that shopping at Costco can save you lots of money on groceries, household items, and much more.
With the Costco Anywhere Visa® Card, your Costco membership is more rewarding than ever. The Citi Costco Credit Card is the only card that offers 4% cash back on gas. Unlike most other gas rewards credit cards, you earn bonus cash back at gas stations worldwide, not just within the U.S.
The Costco Anywhere Visa Card offers 4% cash back on eligible gas worldwide.
This card also earns a generous 3% cash back at restaurants and eligible travel purchases, 2% cash back at Costco and Costco.com, and 1% back on everything else. These categories come with no limit on the amount of rewards you earn.
Cardholders will also enjoy an intro APR of 0% for 7 months. That makes this the perfect card for financing a big purchase and earning rewards at the same time. The ongoing APR for this card is a competitive 15.49% Variable.
This is a major improvement from the old TrueEarnings® Costco Card from American Express which only offered 3% cash back at U.S. gas stations with a $4,000 annual cap (then 1%).
The Transition from American Express
Citi and Costco have worked to make the transition from the American Express Costco Card to the new Citi Costco Anywhere Visa as seamless as possible for existing cardholders. If you’re a former cardholder of the Costco Card from American Express, here are some quick facts that you may be curious about:
- You should now begin using your new Costco Anywhere Visa® Card by Citi
- The only action you need to take to phase out your old Costco Amex is to destroy your card and provide the new card information to any recipients of automatic payments on your account.
- Your account balance will automatically transfer from your Costco Amex to the new Citi Card
- Your old account will automatically be deactivated and closed down
- The rewards balance from your Costco Amex will be automatically transferred to your new card
- Citi won’t pull a credit report as part of the account transfer process
The Bottom Line
It’s no secret that being a Costco member comes with incredible perks and benefits. With the new Costco Anywhere Visa® Card by Citi, you now have the chance to earn more rewards than ever on all of your purchases.
By offering 4% cash back at gas stations worldwide, this credit card is an industry leader for gas rewards credit cards. You even earn unlimited 3% cash back on dining and travel, 2% on all Costco purchases, and 1% on everything else. When you top it off with other Citibank perks such as Citi® Private Pass, Extended warranties, plus damage and theft purchase protection, you'll see why so many Costco members are signing up for this card! Sign up today and start earning valuable cash rewards!
*Editorial Note: This content is not provided by Citibank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by Citibank.
*The content in this article is accurate at the publishing date, and may be subject to changes per the card issuer.