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Costco Anywhere Visa® Review

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Costco Anywhere Visa® Review

Advertiser Disclosure
Costco Anywhere Visa®

Published June 8, 2017

Apply for a Costco Anywhere Visa®

Overview: 4% cash back on eligible gas purchases up to $7,000 per year and 1% thereafter, 3% cash back on restaurant and eligible travel purchases, 2% back on any Costco purchase, both in store and on-line, and 1% cash back on all other purchases, 0% introductory APR for first 7 months on purchases.

Full Card Review

If you spend money driving, dining out, or traveling, the Costco Anywhere Visa® is one of the best cash back cards currently on the market. You can use the card anywhere that accepts Visa branded cards, not just when shopping at Costco. You can also use the card as proof of your Costco membership, which comes in handy if you’ve left your membership card at home. You receive cash back as a yearly credit card award certificate with your February billing statement. The certificate can be redeemed for cash or Costco merchandise in store.

This is a good cash-back card. The 4% back on gas alone (at any gas station apart from warehouse stores that aren’t Costco) would make it a terrific card, but it also has generous rewards in categories that many of us use every day. Furthermore, the Costco Anywhere Visa® 3% back on travel makes it competitive with some of the big name travel cards too. The 3% back on restaurants, both domestic and international, also stands out. Even cards touted as great for those who dine out a lot generally only give 2% back.

If you have any major purchases you need to finance, you get what amounts to an interest free, seven-month loan when you charge it to the Costco Anywhere Visa®. Just be sure to pay the entire balance off before the seven-month introductory period ends because the regular APR is a 15.99% Variable.

The Costco Anywhere Visa® provides travel protections like trip cancellation and interruption, travel accident, and rental car insurance, another reason it can be your favorite travel card. There is also 24/7 worldwide emergency assistance available. The card provides purchase protection and extended warranties, useful when you need to make big purchases for items like electronics or appliances.

You must be a member of Costco to have this card but that’s not a hardship. Costco is a great place to shop and the rewards offered by this card might just help convince you to join Costco. There is no annual fee for the card and the cheapest Costco membership is just $55 per year, well below the annual fee for most cards.

The Costco Anywhere Visa® is one of the best cash rewards cards available. It gives you great rewards without the hassle of tracking revolving categories. On the minus side, it doesn’t offer zero-interest balance transfers.

Rewards and Benefits

  • Exclusively for Costco Members: Go Big with Cash Back Rewards
  • 4% cash back on eligible gas for the first $7,000 per year and then 1% thereafter
  • 3% cash back on restaurants and eligible travel purchases
  • 2% cash back on all other purchases from Costco and Costco.com
  • 1% cash back on all other purchases

Requirements, Costs & Fees

  • Credit Needed: Excellent or Good
  • Purchase APR: 0% intro APR for 7 months, 15.99% Variable APR thereafter
  • Balance Transfer APR: 15.99% Variable, transfers must be completed within 2 months from date of account opening
  • APR for Cash Advances: 25.99% Variable
  • Annual Fee: $0
  • Balance Transfer Fee: Either $5 or 3% of each transfer, whichever is greater
  • Cash Advance Fee: Either $10 or 5% of each cash advance, whichever is greater
  • Foreign Transaction Fee: 3% of each transaction in US dollars, No fee for purchases at Costco worldwide.
  • Late Payment Fee: up to $37
  • Returned Payment: up to $37

Apply for a Costco Anywhere Visa®

Editorial Note: This content is not provided by the issuer. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the issuer.

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Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.