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Costco Anywhere Visa Business Card by Citi Review

overall rating

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The Costco Anywhere Visa Business card by Citi offers tiered cash back rewards on everyday and business purchases, including spending on gas, dining and travel. This card has no annual fee but requires a Costco Membership, which costs $60 and up as of February 2022.

Costco Anywhere Visa® Business Card

Overall Rating
Costco Anywhere Visa® Business Card
On Citi's Secured Site.
Recommended Credit
Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Regular APR (%) 18.99% variable
Annual Fee $0 with a paid Costco Membership
Rewards Earning Rate 4% on eligible gas on the first $7,000 per year in purchases, 3% on restaurant and eligible travel, 2% at COSTCO, and 1% on all other purchases.
Cash Advance APR (%) 28.99%
Cash Advance Fee Either $10 or 5% of the amount of each cash advance, whichever is greater.
how this card stacks up
When compared among all business cards in our database:
Low Fees
Security/Customer Experience
Low Interest
worst best

The Costco Anywhere Visa Business Card is not one of our top-rated business credit cards. You can review our list of the best business credit cards for what we think are better options.

Full Review of Costco Anywhere Visa Business Card by Citi

  • Generous cash back rewards on gas purchases

  • Strong travel rewards

  • Rewards redemption is limited—and infrequent

  • Costco membership is required—and a dubious buy for business purchases alone

Pros Explained

  • Generous Cash Back Rewards on Gas Purchases: With earnings of 4% cash back on gasoline purchases, the Costco Anywhere Visa Business card by Citi offers one of the better rewards rates now available on gas. And while there’s a cap on the purchases eligible for this rate, the limit—of $7,000 a year, or the equivalent of $583 a month—should allow your business to buy plenty of gas each month at the 4% rate. 
  • Strong Travel Rewards: For a card that isn’t billed as a business travel card, the Costco Anywhere Visa Business has surprising strength in dining and travel rewards. At 3% cash back, the card’s earnings in those categories compare favorably with cards like the Chase Ink Business Preferred, which offers 3 points per dollar on travel. And those rewards, like the 4% cash back on gas purchases, apply worldwide. On the other hand, when it comes to travel benefits such as rental-car insurance, this card has few to none, which means it probably shouldn’t be the only card in your wallet during a business trip. 

Cons Explained

  • Rewards Redemption Is Limited and Infrequent: While some business cash back cards have multiple ways to redeem, the Costco Anywhere Visa Business card has only one, and it requires visiting a Costco store. Rewards are issued as a credit card certificate which you redeem for merchandise or cash back at U.S. Costco warehouse locations. Further, where almost all other cash back cards distribute rewards at least every quarter, this card makes you wait up to a year to receive your money. Costco’s credit card reward certificates are issued only annually. 
  • Costco Membership Is Required: If you already frequent Costco as a consumer, this stipulation will not be a burden; a personal membership qualifies you for this business card, provided you meet all other requirements. If, however, you’re not a member, you’ll need to pay $60 (or $120 for executive membership) to join the club. 
  • So-So Rewards on Business Purchases: Do your homework before getting a Costco membership primarily for business purchases, especially if those don’t include gas, which earns a special high rate of cash back. While Costco prices on office supplies can be lower than those elsewhere, and the card’s 2% cash back lowers them still more, you could get better rewards rates with another card, including another Visa card—which could also be used for payment at Costco. For example, the Chase Ink Business Cash, a Visa card, offers 5% cash back on the first $25,000 in combined purchases at office supply stores and on internet, cable, and phone services each year.

This Card is Best For

  • Avatar for Cash Back Strategist Persona
    Seeks to maximize cash back earnings across spending categories
    Cash Back Strategist
  • Avatar for Business Owner Persona
    Earning a primary or side income from a small business
    Business Owner
  • Avatar for Driver/Commuter Persona
    Incurs gasoline or other commuting expenses each month

The Costco Anywhere Visa Business by Citi is best suited to business owners who will spend significantly on the card’s most rewarding categories: gas, dining, and travel. It helps if the business owner already has a Costco membership for personal reasons, since that reduces the prerogative to justify the membership cost from rewards on business purchases alone. While the card lacks travel benefits, it’s also a fine choice nonetheless for foreign purchases. Where many cards restrict premium rewards for gas to the U.S., the Costco Anywhere Visa Business card offers its 4% rate for purchases worldwide—where, with generally higher gas prices, the cash back could easily amount to 20 cents or more per gallon. The 3% rate on dining and travel expenses also applies internationally. The Costco Anywhere Visa Business also charges no foreign transaction fee, which is useful not only for travel abroad but when placing orders from the U.S. with foreign suppliers.  

Rewards Earning Details

The Costco Anywhere Visa Business card by Citi earns the following tiered rewards by category:

  • 4% cash back on gas worldwide, including Costco gas
  • 3% cash back at restaurants and on travel
  • 2% cash back at Costco stores and
  • 1% cash back on all other purchases

Rewards are unlimited at the 3%, 2% and 1% tiers; the more you spend for your business, the more cash back rewards you can earn. If you typically spend $2,000 per month on dining and travel, for instance, you could earn $720 a year in cash back. 

Gas rewards, however, are limited to earning the 4% cash back rate on the first $7,000 of gasoline purchases every year. After that, your rewards on gas transactions drops to the default level of 1% cash back until the beginning of your new account anniversary year. 

So to put that in perspective, let's say you hit the $7,000 spending cap within the first seven months of the year. You'd earn $280 in cash back for those purchases. If you continued to spend $1,000 a month over the remaining five months of the year, you'd earn only a further $50 in cash back on that additional $5,000 in gas spending. 

Rewards Redemption Details

This card is a little different when it comes to redeeming its rewards, and not really in a good way. Most other business cards allow frequent or even continual redemptions over the course of the year; the Capital One Spark Cash, for example, allows you to redeem rewards whenever you like, in any amount. 

The Costco Anywhere Visa Business card by Citi, by contrast, awards its cash back only once a year, after the close of your February billing statement. That means all the cash back earned for the previous year is issued to you at once. The reward certificate must then be redeemed for cash back or merchandise by visiting a Costco warehouse in the U.S. 

Even using the rewards online at requires a visit to a warehouse to exchange the certificate for a Costco Shop card that can be used at the online store.

Receiving rewards annually might encourage you to invest the sum, say, rather than spending it. But it also means you could be left waiting for months to receive rewards, time during which you could have been able to use that money. And redemption could be delayed further until you have the time and need to visit a Costco warehouse, since those are the only locations at which your reward certificate can be redeemed. 

How to Maximize Your Rewards

Making the most of your rewards earned with this card all comes down to spending strategically. The more you spend, the more rewards you can earn. Here's a comparison of two different spending profiles to give you a sense of your rewards earning potential.

Average Case

Let's say that you run a business with no employees. Your typical annual spending might look like this:

  • $1,000 on gas
  • $5,000 on restaurants and travel
  • $6,000 on Costco purchases
  • $5,000 on miscellaneous purchases

Your cash back rewards total would then add up to these totals:

  • $40 on gas
  • $150 on restaurants and travel
  • $120 on Costco purchases
  • $50 on all other purchases
  • Total cash back earned: $360

Those are acceptable rewards, working out to an average cash back rewards rate of 2.1%, which is slightly more than what you would get with the Capital One Spark Cash (2%) and a good deal more than what you would get with the Chase Ink Business Cash Unlimited (1.5%). 

Aspirational Case

Now, let's assume your business has a number of employees in addition to yourself, and your annual spending looks more like this:

  • $7,000 on gas
  • $10,000 on restaurants and travel
  • $12,000 on Costco purchases
  • $5,000 on miscellaneous purchases

Your cash back rewards total would add up like this:

  • $280 on gas
  • $300 on restaurants and travel
  • $240 on Costco purchases
  • $50 on all other purchases
  • Total cash back earned: $870

These rewards yield a 2.6% rewards rate, which matches or exceeds what most other business cards would offer on such a diverse array of purchases. That percentage underlines how this card is most rewarding if you spend up, or close to, the $7,000 per year cap on gas purchases. The 4% cash back rewards rate is well above what you can get with other business cards that offer rewards on gas, and even improves on most dedicated gasoline credit cards. 

Costco Anywhere Visa Business Card by Citi Standard Benefits

The Costco Anywhere Visa Business credit card by Citi shares these benefits with many or most other business cards:

  • Damage and theft purchase protection: This benefit covers you for repairs or a refund if purchases made with your card are damaged or stolen within 120 days or purchase or 90 days for New York residents.

Cardholder Experience

Citi ranked sixth out of 11 national card issuers in J.D. Power's 2021 U.S. Credit Card Satisfaction Study. Citi's score was below average.

Customer service is available by phone if you have questions or need help with your account. Help is available seven days a week and you can also manage your account online or through the Citi mobile app. 

Security Features

This card includes standard security features, including chip technology. You can also set up account notifications and alerts to manage your transaction history and monitor for suspicious or potentially fraudulent activity. 

Fees to Watch Out For

The only real fee to be aware of is the Costco membership fee that you need to pay to maintain your credit card account. You can set up your membership to have the fee billed to your card automatically each year. Be aware that if you don't pay your Costco membership fee, Citi reserves the right to cancel your card account. 

Our Verdict

The main appeal to businesses of the Costco Anywhere Visa Business Credit card by Citi is its outstanding 4% cash back on gas bought anywhere, even outside the U.S. (although bigger small businesses may be constrained by the card’s $7,000 annual cap on has spending that earns those rewards). It also works well enough as an all-around travel card, with 3% rewards on travel and dining expenditures.The card also allows 2% cash back savings on office supplies and other purchases for business at Costco. That said, shop around. Other business cards may prove as rewarding, or more so, when it comes to charging office supplies, with greater flexibility about where they’re purchased.

Next Steps
For Costco Anywhere Visa® Business Card
on Citi's Secured Site.
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Costco Anywhere Visa® Business Card
overall rating
Recommended Credit
Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Regular APR (%) 18.99% variable
Annual Fee $0 with a paid Costco Membership
Rewards Earning Rate 4% on eligible gas on the first $7,000 per year in purchases, 3% on restaurant and eligible travel, 2% at COSTCO, and 1% on all other purchases.
Investopedia Credit Card Rating Methodology
Investopedia is committed to delivering the best credit card recommendations in the industry. We’ll tell you when a card is good, we’ll tell you when a card is bad, and we’ll only call a card the best if we would recommend it to our friends or family members.
Overall Star Rating Explained
To rate credit cards we objectively assess, score and weight nearly 100 individual card features which roll up into five major feature sets: fees, interest, rewards, benefits and security/customer service. Here’s how we weighted those feature sets for the overall star rating of a card:
We have applied our proprietary rating methodology to every generally-accepted credit card in the U.S. domestic market to allow consumers to make fully informed choices. It’s important to note that for our overall score that we make a number of assumptions about how you would be using your credit card:
  1. While we make no assumption as to whether balances are carried on a given card we do assign varying weights to all credit cards’ introductory APR (if present) in addition to the regular, long term purchase and balance transfer interest rates.
  2. We utilize BLS (U.S. Bureau of Labor Statistics) income and average category spending data to calculate annual earnings rates for rewards cards that offer cash back, points or miles rewards at a set rate on all spending or in consideration of bonus rewards for certain spending categories, like gasoline, groceries, restaurants or travel.
  3. We determine the maximum points value of rewards cards by dividing the points, cash back or miles required to exchange for the retail price of the most valuable redemption option (for example, in the case of a card that offers a domestic roundtrip airline ticket as a redemption option vs. another redemption option of lesser value that requires the same amount of points or miles to acquire, we would base the rewards value on the airline ticket).
  • Cards that are selected best overall in their respective categories generally feature most if not all of the following attributes:
  • Low or Reasonable Fees Credit card fees come in many forms but the primary ones involve those for annual card membership and balance transfer. There are a myriad of reward and non-reward card options that charge no annual fee but for the many that do assess an annual fee the cost is often justified by their lucrative ongoing rewards and initial signup bonuses. Balance transfer fees are occasionally waived during introductory periods with certain cards, a factor which is heavily and positively weighted in our scoring model for cards offering this benefit. When charged, balance transfer fees range between 3% - 5%, which we grade accordingly. Other standard fees can generally be avoided, such as those for paying late or taking cash advances but we rate those relative to other cards in the market for reference, though with less weight assigned
  • Competitive Interest Many cards offer 0% introductory APR on purchases and balance transfers for varying lengths and then revert to a permanent or regular APR (based on a variable rate tied to the prime rate) that applies to any balances not paid in full. We rate both introductory APR percentage and length (in months) along with the midpoint of the variable regular APR interest rate range.
  • Valuable Rewards Credit card reward programs can be based on cash back, points or travel rewards (which can be generic or travel partner-specific, as with airline and hotel co-brand card programs). For cards that offer rewards we determine the value per dollar spent along with average redemption values and assign more favorable ratings to cards that offer superior consumer value. We also assign value to sign-up bonus offers and their initial spending requirements, when present.
  • Excellent Benefits Credit card benefits cover a range of offerings like concierge service, TSA Pre-check, auto rental coverage, travel accident insurance, lost luggage assistance and free credit scores. We rate cards on the number and level of over a dozen standard and upscale benefits and provide extra weighting emphasis for those travel-related perks that apply to premium travel cards when present.
  • Solid Security/Customer Service Security and customer service features like lost or stolen card replacement, being able to lock one’s card from an issuer app and 24 hour customer support are becoming more standard across the card market and we provide a significant amount of weighting to features in this area.
  • You can also read the full version of our methodology for a more in-depth look at how we assess cards and award them the best in various categories.