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Costco Anywhere Visa card
Old 08-24-2017, 03:04 PM   #1
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Costco Anywhere Visa card

Just got an offer for this from Costco. Haven't heard of it before.
4% cash back on gas
3% on restaurant and travel
2% on Costco purchases
1% on everything else.

I don't see any advantage to me since I already get 5% on gas with my PenFed Visa and 2% on everything else with my Fidelity Visa.

Just thought I'd mention it in case anyone was interested in a new cash back card.

Note that the cash back is only provided annually, in February and only redeemable at US Costco stores. That seems pretty chintzy to me.
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Old 08-24-2017, 03:10 PM   #2
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? This isn't new. This is the card that replaced the old, discontinued, Costco Amex last year.

3% specifically on dining and travel beats most other cards. We use it for that plus 2% on Costco purchases.

Yes, the Costco credit cards always do their cash back rewards annually redeemable only at Costco stores.
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Old 08-24-2017, 03:14 PM   #3
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OK, thanks. It was new to me.
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Old 08-24-2017, 03:21 PM   #4
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We got this last year as well when Costco and Amex parted ways.

We just use it at Costco - and then mostly for gas. Around here Costco's gas is usually cheapest by .10/gal or more.

Just the cash reward based on our gas purchases more than pays for the Costco membership.
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Old 08-24-2017, 03:31 PM   #5
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The "Redeemable only at Costco" is not a big deal because they give you cash (like cashing a check).
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Old 08-24-2017, 03:34 PM   #6
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+2. Same one we got when Costco ditched AmEx for Visa. Rewards are nice!
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Old 08-24-2017, 04:14 PM   #7
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We have it and use it at Costco - but a big negative is it is a CITI product. I loath CITI as they have been miserable to deal with in the past. My hope is that Costco keeps them in some semblance of customer service check.
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Old 08-24-2017, 04:15 PM   #8
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Our favorite card....for Costco/gas. Restaurant, travel (allowed us to remove 2 AARP cards from wallet........if they added markets for 3% , could remove AMEX Blue Everyday); ......so only need to carry Chase Freedom/Discover for rotating 5% , Fidelity 2%, and at times Cap One for no foreign transaction fees.
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Old 08-25-2017, 12:43 AM   #9
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Quote:
Originally Posted by RetireAge50 View Post
The "Redeemable only at Costco" is not a big deal because they give you cash (like cashing a check).
Right - that's what I do.
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Old 08-25-2017, 07:58 AM   #10
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Same for me, it replaced the Costco AmEx. Good cash back rewards, it is our main card to use. I agree Citi is not the best, but so far they have been OK for me.
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Old 08-25-2017, 04:24 PM   #11
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Another benefit: Citi adds 2 more years to warranty. TV. Laptops.
When you add in the mfg warranty, and costco's. The net benefit
is "4" years of warranty.
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Old 01-19-2018, 02:57 PM   #12
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New benefit added 1/25/18: No foreign transaction fee. This showed up in the Account Messages on my statement today.
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Old 01-19-2018, 04:29 PM   #13
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Quote:
Originally Posted by RetireAge50 View Post
The "Redeemable only at Costco" is not a big deal because they give you cash (like cashing a check).
Yup, DW gets cash every time.
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Old 01-19-2018, 04:57 PM   #14
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Originally Posted by Gotadimple View Post
New benefit added 1/25/18: No foreign transaction fee. This showed up in the Account Messages on my statement today.


Good news. That was the cardís biggest drawback, IMHO.
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Old 01-19-2018, 09:15 PM   #15
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Wow! That's a HUGE change. The card already has such great travel rewards.

From a Citi FAQ:
Quote:
Beginning Jan. 26, 2018, the Costco Anywhere Visa card will no longer charge foreign transaction fees for purchases made when shopping abroad or on an international retailer’s website. Purchases made prior to that date will continue to incur a 3 percent fee per transaction.
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Old 01-20-2018, 05:48 AM   #16
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Now if it was only Chip & Pin. We just received our Barclays Wyndham card true C&P and no fee and no foreign transaction fee. Plus they just bought La Quinta our spend the night to and fro travel lodging.
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Old 01-20-2018, 08:23 AM   #17
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Now if it was only Chip & Pin. We just received our Barclays Wyndham card true C&P and no fee and no foreign transaction fee. Plus they just bought La Quinta our spend the night to and fro travel lodging.
I donít know whether VISA is going to follow the other card issuers in terms of no longer requiring signatures. But for overseas use it would mean no signatures, and no PIN either.
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Old 01-20-2018, 08:50 AM   #18
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I donít know whether VISA is going to follow the other card issuers in terms of no longer requiring signatures. But for overseas use it would mean no signatures, and no PIN either.
They announced the no signature required feature last week, but only for North America:

Visa Corporate, Visa Makes Signature Optional for EMV Merchants in...
Quote:
To continue the ongoing migration to EMV chip, and to bring increased security and convenience to the point of sale, Visa is making the signature requirement optional for all EMV contact or contactless chip-enabled merchants in North America, beginning April 2018. Simultaneously, Visa continues to invest in emerging capabilities that leverage advanced analytics and biometrics to define the future of payments security.
The no foreign transaction fee thing is a nice upgrade. One of the reasons we got the Amazon Prime card last year was to have a second no-foreign-fee card (after our Wells Fargo card) to take as a backup when traveling. I'd much rather use the Costco card for the rewards though, so the Amazon card is probably relegated to Amazon-only use from now on.
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Old 01-20-2018, 07:19 PM   #19
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Wow, no foreign trans fees, that just reduced my wallet. ONE huge thing to consider is their travel insurance. I recently had to cancel a trip to Hawaii the day of travel. They covered the entire cost of the condo and a luau we had booked. Unfortuanately, I used my Alaska visa for the airfare with miles and that card has no such coverage, just the no foreign fee and miles. I know what card is now being used for all travel!!!!! Ireland here we come.
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Old 01-20-2018, 07:41 PM   #20
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Is the travel insurance included when using the Citi card for travel purchases or do you have to sign up separately for it on Costcoís site?
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