Costco Anywhere Visa® Business Card

Our review

The Costco Anywhere Visa® Business Card is a category rewards card from Citi, running on the Visa network. The Costco Anywhere Visa® Business Card earns up to 4x on gas, dining, and travel, so it pays you the most exactly where you already spend. It carries a $65 annual fee, so the real question is whether its rewards, credits, and perks clear that bar for the way you spend.

It lands in the mid tier: a modest annual fee in exchange for stronger earn rates and a meaningful welcome offer. The right call depends on whether your spending and the perks clear that fee each 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.

Rewards: how it earns

Where the Costco Anywhere Visa® Business Card earns its rewards is its bonus categories: 4% back on gas (about $72 a year on the $1,800 a business typically spends there), 3% back on dining (about $72 a year on the $2,400 a business typically spends there), and 3% back on travel (about $144 a year on the $4,800 a business typically spends there). Across a full year of business spending, the card returns roughly $648 in rewards before any welcome bonus, so the more your spending overlaps those categories, the better it does.

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.

Pros and cons

The welcome bonus

This card does not run a traditional welcome bonus, so its value comes entirely from ongoing rewards and perks.

Is it worth the annual fee?

To come out ahead on the Costco Anywhere Visa® Business Card you need to clear its $65 annual fee, and it leans on rewards rather than credits to get there. On typical spending it earns about $648 a year. For anyone who spends in its categories, the fee is easy to justify. My honest rule of thumb is that most annual-fee cards are really a year-one play. The welcome bonus is where the value is, and unless the credits or perks clear the fee on their own, the move is to take the bonus and downgrade to a no-fee card after the first year. The Venture X is the classic exception, since its travel credit and anniversary miles cover the fee on their own.

First-year value vs ongoing value

There is no lump-sum welcome bonus, so first-year and ongoing value are about the same, roughly $583 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 Business membership; the card itself has no separate fee
• Cash back paid once a year as a Costco reward certificate, redeemable at U.S. warehouses
• Each employee added as an authorized user needs their own Costco membership
• No foreign transaction fees
• Purchase protection, extended warranty, 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

It is best for small-business owners and freelancers who want to separate business spending, earn on it, and hand out employee cards at no extra cost.

Skip it if your spending does not line up with its bonus categories, or if you would rather not think about where you swipe at all.

Frequently asked questions

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