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The Points Guy believes that credit cards can transform lives, helping you leverage everyday spending for cash back or travel experiences that might otherwise be out of reach. That's why we publish a variety of editorial content and card comparisons: to help you find a great card to turn your goals into reality.
Our site may earn compensation when a customer clicks on a link, when an application is approved, or when an account is opened with our partners, and this may impact how or where these products appear. While we don't cover all available credit cards, our editorial team creates and maintains all of the analysis of these cards, and our content is not influenced nor subject to review by any credit card company, bank or partner prior to (or after) publication. Please view our advertising policy and product review methodology for more information.
Reviews
Costco Anywhere Visa Business Card review: A solid option for business owners loyal to Costco
Katie Genter is a digital nomad who has traveled full time since June 2017. She writes and edits stories about points and miles, and loyalty programs, often letting her personal experiences color these stories.
January 8, 2025 • 9 min read
STEVE PROEHL/GETTY IMAGES
The cards we feature here are from partners who compensate us when you are approved through our site, and this may impact how or where these products appear. We don't cover all available credit cards, but our analysis, reviews, and opinions are entirely from our editorial team. Terms apply to the offers listed on this page. Please view our advertising policy and product review methodology for more information.
Editorial note: This is a recurring post, regularly updated with new information and offers.
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Comments
By commenting, you agree to our Community Guidelines to help create a positive space for conversation. The responses below are not provided or commissioned by the bank advertiser, our partners, or The Points Guy (“TPG”). They have not been reviewed, approved, or otherwise endorsed by any of these parties. All responses are submitted by individual contributors, and neither the bank advertiser, our partners, nor TPG are responsible for ensuring that all posts and/or questions are answered.
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TPG featured card
Quick summary
A business cash-back card tied to a wholesale membership offers solid rewards for gas, dining, travel and purchases at the wholesale club.
The card requires an active membership, and each authorized user must also have their own membership, which can increase costs for larger teams.
Cash-back rewards are distributed only once per year and must be redeemed in person at a U.S. warehouse location.
The card includes purchase protection, travel insurance and no foreign transaction fees, making it appealing for business owners who travel.
What to consider
A wholesale club membership is mandatory for both the primary cardholder and each authorized user, with membership fees applying individually.
Cash-back rewards are only issued annually and must be redeemed at a physical warehouse, limiting flexibility for some businesses.
Certain purchase categories and spending caps apply, and some items are excluded from earning or redeeming rewards.
What you'll miss from the article
A detailed comparison of competing business cash-back cards and insights on maximizing value with wholesale club memberships.
Generated by AI with support from our editorial team.
Costco Anywhere Visa Business Card by Citi overview
The (see rates and fees) is a reasonable option for small businesses that prefer cash-back rewards and have a Costco membership. Despite its name, the card doesn’t only earn bonus rewards on Costco purchases, so it can be useful for many small businesses that already shop at the popular wholesaler. Card Rating*: ⭐⭐⭐
*Card rating is based on the opinion of TPG’s editors and is not influenced by the card issuer.
The is a solid choice for small businesses that already have a Costco membership or could save enough shopping at Costco to justify a membership. Especially if your business spends a lot on gas, travel or dining, you may come out ahead.
The Costco Anywhere Visa Business Card doesn’t charge an annual fee, but you and any authorized users on your account must each have a Costco membership. For reference, a Costco membership is $65 per year plus taxes for Gold Star and Business members (you can upgrade to an Executive membership for an additional $65 per year plus taxes).
Affiliate Business members added to a Business membership must pay $65 per year plus taxes each. Keep this in mind, as Costco membership fees can add up quickly if you have more than a few employees you want to add as authorized users on your card.
To get this card, TPG recommends you have a credit score of at least 740, but it is not uncommon to get approved with a lower score.
If you or your small business has a Costco membership — or is considering a Costco membership — this review can help you determine whether your business could benefit from the Costco Anywhere Visa Business Card.
Costco Anywhere Visa Business pros and cons
Pros
Cons
Solid earnings rate on gas, electric vehicle charging, dining and Costco purchases
Purchase protection
No annual fee
Spending caps on rewards
Cash back is received only once per year in February
A Costco membership is required to apply
Costo Anywhere Visa Business welcome offer
The doesn’t advertise a welcome bonus. However, you may be targeted for a special offer at a Costco warehouse or when you sign up for a Costco membership.
We recommend trying to get a welcome offer for this card before applying if you can.
The provides modest perks. First off, your card can double as your Costco membership ID. And, unlike many store cards, you can use your card anywhere worldwide that accepts Visa.
Plus, you won’t be charged any foreign transaction fees on purchases outside the U.S. — a big plus for business owners who travel abroad for work.
As mentioned, you can also add employees as authorized users (although each employee you add will need their own Costco membership).
Additionally, If you have a $130-per-year Executive membership with Costco, you’ll get an annual 2% reward (up to $1,250 back per year) on qualifying Costco purchases. Although the Executive membership usually won’t be worthwhile unless you spend at least $250 each month on qualifying purchases at Costco, this additional 2% reward is stackable with the Costco Anywhere Visa Business Card.
So, between the Costco Anywhere Visa Business Card and an Executive membership, you could earn 5% on eligible Costco Travel purchases and 4% on other eligible Costco purchases.
Unfortunately, the terms and conditions of the Executive membership exclude various purchases, including purchases of cigarettes or tobacco-related products, gasoline, Costco Shop Cards, postage stamps, alcoholic beverages in certain states, prescription purchases in certain states, purchases at food courts and select travel purchases (including surcharges, gratuities, trip protection, travel purchased through a third party, upgrades, rental car equipment, resort charges and port charges).
Earning cash back on the Costco Anywhere Visa Business
With the , you’ll earn rewards in multiple categories. Interestingly, despite the card being a cobranded Costco credit card, purchases with Costco do not earn at the highest rate on this card. So, let’s take a closer look at the card’s bonus categories.
Here’s how you’ll earn points with the Costco Anywhere Business Visa:
5% cash back on gas at Costco and 4% back on other eligible gas and electric vehicle (EV) charging purchases for the first $7,000 per year in combined spending (then 1%). Gas purchased at superstores, supermarkets, convenience stores and warehouse clubs other than Costco or for fuel used for non-automobile purposes is not eligible and will only earn 1%.
3% back at restaurants and on eligible travel purchases worldwide. Purchases made at bakeries and certain restaurants/cafes inside department stores, grocery stores or warehouse clubs are excluded and will only earn 1%. Eligible travel purchases include airfare, hotels, car rentals, travel agencies, cruise lines and Costco Travel.
2% back on all other purchases from Costco and Costco.com.
Redeeming cash back on the Costco Anywhere Visa Business
The earns cash-back rewards, but these rewards are only distributed once each year. Once your February billing statement closes, you’ll get a credit card reward certificate for your Costco Cash Rewards balance based on purchases appearing on the previous year’s January through December billing statements.
Note that if your annual reward amount exceeds $10,000, your reward may be provided in an alternative form, such as a check or electronic transfer.
STEVE PROEHL/GETTY IMAGES
You must then redeem your credit card reward certificate in person at any U.S. Costco warehouse (including in Puerto Rico) by Dec. 31 of the year the certificate was issued. You can redeem the certificate for merchandise or cash back. If you redeem for merchandise and your purchase is less than the value of the certificate, you’ll receive the remaining balance in cash upon checkout.
You won’t receive a credit card reward certificate if your reward is less than one dollar or if you close your account before your credit card reward certificate is mailed. You must maintain your Costco Membership to redeem your credit card reward certificate. Also, some warehouses may not permit the credit card reward certificate to be redeemed for alcohol purchases.
Which cards compete with the Costco Anywhere Visa Business?
If you’re looking for a cash-back business credit card, a few cards can compete with the . The best card(s) for your business will primarily depend on the categories in which your business spends the most money. It’s also important to note only Visa credit cards are accepted in Costco warehouses. Here are a few other cards to consider:
If you want a non-business card: The (see rates and fees) is the consumer version of the Anywhere Visa Business card. These cards share similar benefits and earning structures. To learn more, see our full review of the Costco Anywhere Visa.
If you prefer earning flat cashback: The (see rates and fees) earns 1.5% back on all purchases and has no annual fee. If you have an Ultimate Rewards earning card like the (see rates and fees) you can open up more redemption options by gaining access to Chase’s transfer partners. To learn more, see our full review of the Ink Business Unlimited.
If you’re a business owner, have a Costco membership and shop at Costco regularly, the Costco Anywhere Visa Business is worth considering. It has a solid rewards structure covering many purchases, including gas, restaurants, travel and Costco. However, you will be restricted on how you can redeem your cash back, so if you want more flexibility, you might be better suited for other cards.
Bottom line
The Costco Anywhere Visa Business card is a cash-back rewards business credit card available only to Costco members. The cash-back rewards are only distributed once each year, and you must visit a U.S. warehouse location (including locations in Puerto Rico) to obtain your rewards — which may be frustrating to some businesses that want to access their rewards more frequently.
However, if your business can get value from a Costco membership and prefers earning cash-back rewards, it may be worth adding the Costco Anywhere Visa Business Card to your wallet. This card can be handy if you’re already a Costco member and your business commonly incurs notable expenses related to gas, restaurants, travel or Costco purchases.
For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
Costco Anywhere Visa® Card by Citi
TPG editor's rating3
TPG editor's rating3
at Citi's secure site. Terms & restrictions apply. See rates & fees.
Rewards rate
Rewards rate
Rate
Category
4% and 5%
Earn 5% cash back rewards on gas at Costco and earn 4% cash back on other eligible gas and electric vehicle (EV) charging purchases for the first $7,000 combined spend per year, and then 1% thereafter.
3%
3% cash back on restaurants and eligible travel purchases and eligible travel, including Costco Travel.
2%
2% cash back on all other purchases from Costco and Costco.com
1%
1% cash back on all other purchases
Annual fee
$0
Regular APR
18.99% - 26.99% (Variable)
Recommended credit
740-850
Excellent
Pros + cons
Pros
No annual fee
Generous earning rates in popular categories
No foreign transaction fees
No fee to add an authorized user
Cons
You cannot get this card unless you’re a Costco member
Cash back can only be redeemed in the form of a reward certificate once per year
More details
Discover one of Citi's best cash back rewards cards designed exclusively for Costco members
Earn 5% cash back rewards on gas at Costco and earn 4% cash back on other eligible gas and electric vehicle (EV) charging purchases for the first $7,000 combined spend per year, and then 1% thereafter.
3% cash back on restaurants and eligible travel purchases and eligible travel, including Costco Travel.
2% cash back on all other purchases from Costco and Costco.com
1% cash back on all other purchases
No annual fee with your paid Costco membership and enjoy no foreign transaction fees on purchases
Receive an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico
Pros
No annual fee
Generous earning rates in popular categories
No foreign transaction fees
No fee to add an authorized user
Cons
You cannot get this card unless you’re a Costco member
Cash back can only be redeemed in the form of a reward certificate once per year
Discover one of Citi's best cash back rewards cards designed exclusively for Costco members
Earn 5% cash back rewards on gas at Costco and earn 4% cash back on other eligible gas and electric vehicle (EV) charging purchases for the first $7,000 combined spend per year, and then 1% thereafter.
3% cash back on restaurants and eligible travel purchases and eligible travel, including Costco Travel.
2% cash back on all other purchases from Costco and Costco.com
1% cash back on all other purchases
No annual fee with your paid Costco membership and enjoy no foreign transaction fees on purchases
Receive an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico
Costco Anywhere Visa® Card by Citi
TPG editor's rating3
TPG editor's rating3
at Citi's secure site. Terms & restrictions apply. See rates & fees.
Rewards rate
Rewards rate
Rate
Category
4% and 5%
Earn 5% cash back rewards on gas at Costco and earn 4% cash back on other eligible gas and electric vehicle (EV) charging purchases for the first $7,000 combined spend per year, and then 1% thereafter.
3%
3% cash back on restaurants and eligible travel purchases and eligible travel, including Costco Travel.
2%
2% cash back on all other purchases from Costco and Costco.com
1%
1% cash back on all other purchases
Annual fee
$0
Regular APR
18.99% - 26.99% (Variable)
Recommended credit
740-850
Excellent
Pros + cons
Pros
No annual fee
Generous earning rates in popular categories
No foreign transaction fees
No fee to add an authorized user
Cons
You cannot get this card unless you’re a Costco member
Cash back can only be redeemed in the form of a reward certificate once per year
More details
Discover one of Citi's best cash back rewards cards designed exclusively for Costco members
Earn 5% cash back rewards on gas at Costco and earn 4% cash back on other eligible gas and electric vehicle (EV) charging purchases for the first $7,000 combined spend per year, and then 1% thereafter.
3% cash back on restaurants and eligible travel purchases and eligible travel, including Costco Travel.
2% cash back on all other purchases from Costco and Costco.com
1% cash back on all other purchases
No annual fee with your paid Costco membership and enjoy no foreign transaction fees on purchases
Receive an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico
Pros
No annual fee
Generous earning rates in popular categories
No foreign transaction fees
No fee to add an authorized user
Cons
You cannot get this card unless you’re a Costco member
Cash back can only be redeemed in the form of a reward certificate once per year
Discover one of Citi's best cash back rewards cards designed exclusively for Costco members
Earn 5% cash back rewards on gas at Costco and earn 4% cash back on other eligible gas and electric vehicle (EV) charging purchases for the first $7,000 combined spend per year, and then 1% thereafter.
3% cash back on restaurants and eligible travel purchases and eligible travel, including Costco Travel.
2% cash back on all other purchases from Costco and Costco.com
1% cash back on all other purchases
No annual fee with your paid Costco membership and enjoy no foreign transaction fees on purchases
Receive an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico
Costco Anywhere Visa® Card by Citi
TPG editor's rating3
TPG editor's rating3
at Citi's secure site. Terms & restrictions apply. See rates & fees.
Rewards rate
Rewards rate
Rate
Category
4% and 5%
Earn 5% cash back rewards on gas at Costco and earn 4% cash back on other eligible gas and electric vehicle (EV) charging purchases for the first $7,000 combined spend per year, and then 1% thereafter.
3%
3% cash back on restaurants and eligible travel purchases and eligible travel, including Costco Travel.
2%
2% cash back on all other purchases from Costco and Costco.com
1%
1% cash back on all other purchases
Annual fee
$0
Regular APR
18.99% - 26.99% (Variable)
Recommended credit
740-850
Excellent
Pros + cons
Pros
No annual fee
Generous earning rates in popular categories
No foreign transaction fees
No fee to add an authorized user
Cons
You cannot get this card unless you’re a Costco member
Cash back can only be redeemed in the form of a reward certificate once per year
More details
Discover one of Citi's best cash back rewards cards designed exclusively for Costco members
Earn 5% cash back rewards on gas at Costco and earn 4% cash back on other eligible gas and electric vehicle (EV) charging purchases for the first $7,000 combined spend per year, and then 1% thereafter.
3% cash back on restaurants and eligible travel purchases and eligible travel, including Costco Travel.
2% cash back on all other purchases from Costco and Costco.com
1% cash back on all other purchases
No annual fee with your paid Costco membership and enjoy no foreign transaction fees on purchases
Receive an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico
Pros
No annual fee
Generous earning rates in popular categories
No foreign transaction fees
No fee to add an authorized user
Cons
You cannot get this card unless you’re a Costco member
Cash back can only be redeemed in the form of a reward certificate once per year
Discover one of Citi's best cash back rewards cards designed exclusively for Costco members
Earn 5% cash back rewards on gas at Costco and earn 4% cash back on other eligible gas and electric vehicle (EV) charging purchases for the first $7,000 combined spend per year, and then 1% thereafter.
3% cash back on restaurants and eligible travel purchases and eligible travel, including Costco Travel.
2% cash back on all other purchases from Costco and Costco.com
1% cash back on all other purchases
No annual fee with your paid Costco membership and enjoy no foreign transaction fees on purchases
Receive an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico
Costco Anywhere Visa® Card by Citi
TPG editor's rating3
TPG editor's rating3
at Citi's secure site. Terms & restrictions apply. See rates & fees.
Rewards rate
Rewards rate
Rate
Category
4% and 5%
Earn 5% cash back rewards on gas at Costco and earn 4% cash back on other eligible gas and electric vehicle (EV) charging purchases for the first $7,000 combined spend per year, and then 1% thereafter.
3%
3% cash back on restaurants and eligible travel purchases and eligible travel, including Costco Travel.
2%
2% cash back on all other purchases from Costco and Costco.com
1%
1% cash back on all other purchases
Annual fee
$0
Regular APR
18.99% - 26.99% (Variable)
Recommended credit
740-850
Excellent
Pros + cons
Pros
No annual fee
Generous earning rates in popular categories
No foreign transaction fees
No fee to add an authorized user
Cons
You cannot get this card unless you’re a Costco member
Cash back can only be redeemed in the form of a reward certificate once per year
More details
Discover one of Citi's best cash back rewards cards designed exclusively for Costco members
Earn 5% cash back rewards on gas at Costco and earn 4% cash back on other eligible gas and electric vehicle (EV) charging purchases for the first $7,000 combined spend per year, and then 1% thereafter.
3% cash back on restaurants and eligible travel purchases and eligible travel, including Costco Travel.
2% cash back on all other purchases from Costco and Costco.com
1% cash back on all other purchases
No annual fee with your paid Costco membership and enjoy no foreign transaction fees on purchases
Receive an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico
Pros
No annual fee
Generous earning rates in popular categories
No foreign transaction fees
No fee to add an authorized user
Cons
You cannot get this card unless you’re a Costco member
Cash back can only be redeemed in the form of a reward certificate once per year
Discover one of Citi's best cash back rewards cards designed exclusively for Costco members
Earn 5% cash back rewards on gas at Costco and earn 4% cash back on other eligible gas and electric vehicle (EV) charging purchases for the first $7,000 combined spend per year, and then 1% thereafter.
3% cash back on restaurants and eligible travel purchases and eligible travel, including Costco Travel.
2% cash back on all other purchases from Costco and Costco.com
1% cash back on all other purchases
No annual fee with your paid Costco membership and enjoy no foreign transaction fees on purchases
Receive an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico
By commenting, you agree to our Community Guidelines to help create a positive space for conversation. The responses below are not provided or commissioned by the bank advertiser, our partners, or The Points Guy (“TPG”). They have not been reviewed, approved, or otherwise endorsed by any of these parties. All responses are submitted by individual contributors, and neither the bank advertiser, our partners, nor TPG are responsible for ensuring that all posts and/or questions are answered.
