The Citi Costco card is worth it for avid Costco shoppers who want to maximize their rewards and savings on everyday purchases.
The card offers a solid cash back program. You can earn 4% cash back on eligible gas purchases, including at Costco, and 3% on restaurant and eligible travel purchases. This means if you frequently fill up your tank or dine out, the rewards can add up quickly.
There’s no annual fee if you have a Costco membership, which makes it an attractive option for Costco regulars.
Additionally, you earn 2% cash back on all other purchases at Costco and 1% on everything else. This tiered rewards structure encourages you to use the card for various spending categories, optimizing your cash back potential.
It’s important to consider the interest rates. If you carry a balance, the interest charges could outweigh the rewards you earn. Paying off your balance each month is essential to maximize the benefits.
Some people may find the card limiting since it can only be used at Costco and locations that accept Mastercard. If you prefer flexibility in your credit card choices, this could be a drawback.
Overall, if you’re a frequent Costco shopper, the Citi Costco card can be a valuable addition to your wallet, providing savings and cash back on your everyday expenses.
Is there an annual fee for the Citi Costco card?
No, there is no annual fee as long as you maintain your Costco membership.
What rewards can I earn with the Citi Costco card?
You can earn 4% cash back on eligible gas purchases, 3% on restaurants and eligible travel, 2% at Costco, and 1% on all other purchases.
Can I use my Citi Costco card anywhere?
The Citi Costco card can only be used at Costco and places that accept Mastercard. It’s not as flexible as some other credit cards.
What should I consider before getting the Citi Costco card?
Consider your spending habits, especially how often you shop at Costco and how much you spend on gas and dining out. If you carry a balance, check the interest rates as they may offset your rewards.
How do I redeem my cash back with the Citi Costco card?
Your cash back is provided annually as a credit on your Costco membership renewal. It’s not available as a cash payment.