No, the Costco credit card does not have an annual fee.
This applies as long as you maintain an active Costco membership, which does have its own annual fee.
The Costco Anywhere Visa® Card by Citi is designed to be a beneficial option for Costco members. It offers cash back on various purchases, which can make it a smart choice for frequent shoppers.
Having no annual fee for the card itself is a significant advantage. It allows users to enjoy rewards without worrying about extra costs just for having the card.
It’s essential to remember that while the card has no annual fee, you do need to be a Costco member. The standard membership fee can vary, but it’s generally considered worth it for the savings you can achieve at Costco.
If you frequently shop at Costco or use the card for gas, travel, and dining, the rewards can quickly add up, offsetting the membership cost.
Many people find that the benefits of the card far outweigh any fees associated with the Costco membership.
Make sure to evaluate your spending habits to determine if the Costco Anywhere Visa® Card aligns with your financial goals.
Is there a fee for additional cardholders on the Costco credit card?
No, there are no fees for adding additional cardholders to the Costco credit card. You can share the benefits without incurring extra costs.
What rewards can I earn with the Costco credit card?
You can earn cash back on various purchases, including 4% on eligible gas purchases, 3% on restaurant and travel purchases, and 2% on all other purchases made at Costco.
Can I use the Costco credit card anywhere?
Yes, the Costco credit card can be used anywhere Visa is accepted, not just at Costco locations.
How do I redeem my cash back rewards?
You can redeem your cash back rewards once a year, typically in February, when you receive a rewards certificate with your annual statement.
What happens if I cancel my Costco membership?
If you cancel your Costco membership, you will also lose access to the benefits of the Costco credit card, including cash back rewards.