Costco Anywhere Visa®
A $65-a-year travel rewards card from Citi.
Rates, fees, and full terms are set by Citi and can change. See current rates & fees on the issuer’s site, and always confirm the latest terms before applying.
Our review
The Costco Anywhere Visa is a strong card for the right person: 4% on gas, 3% on dining and travel, and 2% at Costco, with no annual fee beyond your Costco membership. If you shop at Costco and fill up on gas, the earning is genuinely good.
The catches are that you must be a Costco member to have it, and the rewards pay out only once a year as a certificate, which is clunky. But the rates themselves are excellent.
Think twice if: you are not a Costco member or want your rewards more often than once a year.
Our 7.1 out of 10 rating
Each score weighs the rewards rate, value after the annual fee, welcome offer, points flexibility, and perks, with every point valued at a flat 1 cent. This is our editorial assessment to help you compare cards, not a guarantee of approval or of the value you will get.
Earning rates at a glance
Rewards: how it earns
You earn 4% on gas up to $7,000 a year then 1%, 3% on dining and travel, 2% at Costco, and 1% on everything else. The 4% gas rate is one of the best around, and the dining and travel bonuses are strong too. The awkward part is redemption: rewards come once a year as a certificate you can use at Costco, not as flexible cash whenever you want.
| Category | Rate | Notes |
|---|---|---|
| Gas | 4x | Bonus category |
| Dining and restaurants | 3x | Bonus category |
| Travel | 3x | Bonus category |
| Wholesale clubs | 2x | Bonus category |
| Groceries | 1x | Base rate |
| Streaming | 1x | Base rate |
| Everything else | 1x | Everything else |
Every point and mile above is valued at a flat 1 cent, the same honest standard we use for every card. Run your own spending through the calculator to see what this card would actually return for you.
Best ways to earn & redeem
Put your gas, dining, and travel spending on this card to earn at its highest rates, and let a different card handle the categories it does not bonus. Its gas rate is among the stronger ones you will find in that category.
When you cash in, take the rewards as cash back or a statement credit, worth a flat 1 cent each. We value every point at a flat 1 cent, so treat any transfer upside as a bonus rather than the baseline — see what your points are really worth.
Pros and cons
- No separate annual fee with a Costco membership
- 4% on gas, one of the best rates around
- 3% on dining and travel
- Requires a Costco membership to hold
- Rewards pay out only once a year as a certificate
- No welcome bonus
The welcome bonus
There is no welcome bonus, which is unusual and a real downside compared to nearly every competitor. The card earns its keep through ongoing rewards, not a sign-up bonus.
Is it worth the annual fee?
There is no separate annual fee, but you must maintain a Costco membership to hold the card, so factor that cost in. If you already shop at Costco, that membership is not an added expense, and the strong gas and dining rates make the card worthwhile.
First-year value vs ongoing value
| Welcome bonus | None |
| To earn it | No minimum spend |
| Est. first-year value* | $417 |
| Est. ongoing value / yr* | $417 |
There is no lump-sum welcome bonus, so first-year and ongoing value are about the same, roughly $417 a year on typical spending after the fee. What you see is what you get from day one.
*First-year value counts the welcome bonus, estimated rewards, and annual credits, minus the annual fee; ongoing value is a typical year after. Every point at a flat 1 cent, on average spending.
Benefits and protections
Beyond the rewards, the perks and protections worth knowing about include:
- The $65 annual fee reflects the required Costco Gold Star membership; the card itself has no separate fee
- Cash back issued once a year as a Costco reward certificate
- No foreign transaction fees
- Damage and theft purchase protection
- Extended warranty on eligible purchases
- Travel accident insurance and auto rental collision damage waiver
Statement credits
This card does not come with recurring statement credits. Its value is in the rewards rate and welcome offer.
Who should get it, and who should skip it
If you are already a Costco member and spend on gas and dining, this is a strong cash-back card, the 4% gas alone can be worth serious money over a year. It fits naturally into a Costco-centric lifestyle.
If you are not a member, or you dislike getting your rewards only once a year, look elsewhere. The once-a-year certificate is the biggest annoyance, but the rates make up for it if the structure works for you.
Alternatives to the Costco Anywhere Visa®
Pairs well with
The Costco Anywhere Visa® earns the most in its bonus categories, so pair it with a no-fee flat-rate card to cover everything it only earns a base rate on.
Frequently asked questions
Best-card guides featuring this card
How does it rank for your spending?
Every card is ranked by what it actually returns on the way you spend. Run your numbers and see where the Costco Anywhere Visa® lands.
Calculate My CardOffer details verified against issuer sources as of October 2026. Editorial opinions are our own. Cardocrat values all points at a flat 1 cent and never inflates redemptions.
