Costco is a members only, warehouse club that offers brand-name merchandise. Costco boasts hundreds of locations worldwide and a huge selection of bulk products at reduced prices. Additionally, the store provides specialty departments including optical, pharmacy, home, business and life services, photo and travel, as well as exclusive member services. Costco’s Anywhere Visa Card is particularly for Costco members who are looking for a host of cash back rewards benefits for personal and business use.
This review will outline all the information you need to make sure this card is right for you. Read on to learn all the valuable details.
- Fill ‘er up! Collect 4% cash back on eligible gas worldwide.
- Eat. Travel. Earn. Gain 3% cash back on restaurant and eligible travel purchases worldwide.
- In-store and Online Savings. Receive 2% cash back on purchases from Costco and Costco.com.
- Save No Matter What. Earn 1% cash back on all other purchases.
- No annual fee
- The standard variable APR for purchases is 16.49%
- Minimum interest charge of $0.50
- Late or returned payment fee of up to $37
How the Costco Anywhere Visa Card Works
As a Costco member, you are privy to the many perks and savings the store has to offer. When you open a Costco Anywhere Visa Card account, you also earn cash back on the savings you already get! The card is accepted worldwide, giving you more ways to collect rewards.
Costco Anywhere Visa Card Benefits
- Receive 4% cash back on eligible gas purchases worldwide. This includes gas at Costco for the first $7,000 per year in gas purchases. If you exceed $7,000 in purchases within a year, you earn 1% cash back on remaining purchases.
- Earn 1% cash back on gas purchased at superstores, supermarkets, convenience stores and warehouse clubs, other than Costco.
- Snag 3% cash back on restaurant and eligible travel purchases worldwide, including airfare, hotels, car rentals, travel agencies, cruise lines and Costco Travel.
- Get 1% cash back for purchases made at bakeries and certain restaurants/cafes inside department stores, grocery or warehouse clubs.
- Gain 2% cash back on all other purchases from Costco and Costco.com.
- Earn 1% cash back on all other purchases.
See it in Action:
The Costco Anywhere Visa Card can take you just about anywhere you want to go as it can be used all over the world. Looking to stock up? Costco offers 2% cash back on purchases made in-store and online. On the go? Buy gas at Costco and get 4% cash back for every dollar you spend. Hungry? Utilize your card at restaurants and secure 3% cash back. Traveling? Every dollar you spend on airfare, hotels, car rentals, travel agencies, cruise lines and Costco Travel earns you 3% cash back. Your rewards are distributed on an annual basis, as a credit card reward certificate.
Who is This Credit Card Best For?
The Costco Anywhere Visa Card is perfect for individuals and businesses that benefit from Costco’s wide array of products and services. For individuals, Costco would be an asset for making bulk purchases and gaining access to a host of other services for you and your family.
On the business end, you gain access to the many business services Costco provides. Click here for a detailed list of all business services. All in all, Costco is a one-stop shop for so many of your needs that becoming a member benefits you in itself. Stock up!
How to Get a Costco Anywhere Visa Card
Costco accepts online applications for the Anywhere Visa Card for both individuals and businesses. Click here to be redirected to both applications. Please note that you must be 18 years or older and you will be asked to provide such identifying information as your name, address, date of birth and annual income.
In addition, business accounts require you to disclose your business’ legal name and type of business entity.
What Else Should I Know About?
The Costco Anywhere Visa Card has no annual fee if you are a club member. There is, however, a standard variable APR of 16.49%. There is also a variable penalty APR that is up to 29.99%. This APR kicks in if you make a late payment or returned payment. The minimum interest charge is $.50. There are no fees on foreign transactions, but there is a cash advance fee of either $10 or 5%, whichever is greater.
Tips For Using the Costco Anywhere Visa Card
- Don’t be Surprised!! As the primary account holder, your Costco membership fee will automatically be billed to your Anywhere Visa Card account. This fee will continue to be billed to your Card account on an annual basis unless you choose a different form of payment.
- There are levels to this. Membership fees are charged based on your level of membership, which are as follows:
- $60/year for Gold Star and Business Members
- $60/year additional upgrade fee for Executive Members
- $60/year for each Affiliate Business Member
- What doesn’t qualify as a purchase? The following types of transactions don’t
qualify as purchases that earn Costco Cash Rewards:
- Use of checks that access your Card Account
- Balance transfers
- Cash advances
- Travelers’ checks, foreign currency purchases, money orders, wire transfers and similar cash-like transactions
- Lottery tickets, gaming chips, and similar betting transactions
- Interest and account fees
- Unauthorized charges
- Items returned for credit
- Returns may mean reductions: Credits to your account could reduce or
eliminate your accumulated Costco Cash Rewards. This may result in a negative
Cash Rewards balance and any new rewards earned will be utilized toward your
negative balance until it is brought back up to zero.
- Don’t stop shopping. If your account is closed for any reason, you will be
unable to earn Costco Cash Rewards. Additionally, you forfeit any accumulated
Rewards that have not yet been distributed.
How to Use Your Costco Anywhere Visa Card with Giving Assistant
When you go to Giving Assistant you’ll find verified coupons for multiple brands that offer up to 30% savings on select items. By using a Giving Assistant-provided link when you shop you have the potential to earn cash back, save on your purchase price, and get the added benefits from your Costco Anywhere Visa Card when you pay for your purchase.
Download the Giving Assistant browser extension called the Button, to automatically populate the highest-value coupons as you visit thousands of online shopping websites.
Maximize your rewards earnings and saving potential by combining your Costco Credit Card with discount codes and offers found at Giving Assistant today!