Citi is offering 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 with the Costco Anywhere Visa® Card by Citi for Costco Members. No annual fee.
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
Citi is offering 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 with the Costco Anywhere Visa® Card by Citi for Costco Members. No annual fee.
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
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I'm sure it's been mentioned and buried but extended warranty benefit goes away next month which sucks
Uhh yeah I have an Amex, this is not true lol
I'm sure citi fought hard in the bidding process to beat Amex to get the Costco account. Part of the terms were probably to offer better benefits for the customer....
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the main reason i always used my amex true earnings card for car rentals when traveling is because it provides more coverage than most other cards... especially the rental company's possible "loss of use" charges. i did not find much details in the OP's posted link, but I'm curious how the citi card compares in this regard...
So going to my local QT or Safeway (where gas is cheaper and closer) will not get the 4%?
Brilliant, Citi, just brilliant.
Eddie
It probably depends on how the station is coded when the transaction is processed. If it shows up on your statement as a Supermarket/Grocery/Convenience Store, yeah no earnings there. But if the station is coded as a 'service station' or 'Automated Fuel Dispenser', you should be fine.
(Example: I currently have a card that gets me 5% on groceries. I discovered that Walmart is coded as a Grocery Store/Supermarket, so anything I buy at Walmart nets me 5% back.)
For the 4% on gas, note that non-qualifying includes "supermarkets, convenience stores"
That's basically every gas station in my area. If your Costco sells gas, you are good. Mine doesn't.
Mine nearest Costco is 6 miles away and takes about 15 minutes without traffic. I only go there probably once very 1 - 1.5 months. So I don't usually getting gas there.
Quote
from EddieLasVegas
:
So going to my local QT or Safeway (where gas is cheaper and closer) will not get the 4%?
I guess you just have to try each location and check your statement and find which one works and which one doesn't.
For the 4% on gas, note that non-qualifying includes "supermarkets, convenience stores"
That's basically every gas station in my area. If your Costco sells gas, you are good. Mine doesn't.
I would take that to mean that purchases inside the convenience stores are not qualifying, but I would sure hope the gas from their pumps does qualify.
It will be called "Costco Anywhere Visa Card by Citi" (that's a mouthful).
For those who already have Costco Amex, they will mail out the replacement cards starting in May 2016, but you cannot use it until June 20, 2016.
A lot better benefits:
4% cash back on eligible gas worldwide, including gas at Costco, for the first $7,000 per year and then 1% thereafter (Costco Amex is 3%)
3% cash back on restaurant and eligible travel purchases worldwide (Costco Amex is 2%)
2% cash back on all other purchases from Costco and Costco.com (Costco Amex is 1%)
1% cash back on all other purchases
Hah.. I just noticed the cashback estimate sliders on that page default to $2500/mo in each category... or $120k/year total put on their card. Ridiculous.
$2500/mo on gas would require almost two fillups per day.. driving something like 25k miles per month. Or driving a round trip from Miami to Seattle every week. You'd have to spend roughly 12 hours per day driving in order to hit that amount.
Hah.. I just noticed the cashback estimate sliders on that page default to $2500/mo in each category... or $120k/year total put on their card. Ridiculous.
$2500/mo on gas would require almost two fillups per day.. driving something like 25k miles per month. Or driving a round trip from Miami to Seattle every week. You'd have to spend roughly 12 hours per day driving in order to hit that amount.
You're not aspiring high enough! If you spend $5000/mo in each category, or $240k/year you get $4,410. We gotta drive from Alaska to Miami! Twice a week!!
You're not aspiring high enough! If you spend $5000/mo in each category, or $240k/year you get $4,410. We gotta drive from Alaska to Miami! Twice a week!!
Hah.. the gas reward drops off after $7000/yr or only $583/mo. You could hit that with just one cross country road trip each month. After that you're only getting 1% back so it's just not worth your time.
But seriously, to hit $5000/mo in gas, you'd basically have to be driving 24/7.
when will they start accepting VISA? i know it says June 20th for the Costco Visa but will they accept other VISA cards before that? Im thinking of my chase freedom thatll have 5% back at warehouse stores starting in April
you buy Costco Cash Cards at costco.com w/ a Visa to get 5%
you buy Costco Cash Cards at costco.com w/ a Visa to get 5%
Except costco.com is not on the list of warehouse merchants for Chase Freedom (only SAMs and BJS are) so it's unclear if you'll get 5% for that or not right now.
I expect some folks are making a tiny purchase today to find out though.
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Thanks!
Brilliant, Citi, just brilliant.
Eddie
(Example: I currently have a card that gets me 5% on groceries. I discovered that Walmart is coded as a Grocery Store/Supermarket, so anything I buy at Walmart nets me 5% back.)
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For the 4% on gas, note that non-qualifying includes "supermarkets, convenience stores"
That's basically every gas station in my area. If your Costco sells gas, you are good. Mine doesn't.
For the 4% on gas, note that non-qualifying includes "supermarkets, convenience stores"
That's basically every gas station in my area. If your Costco sells gas, you are good. Mine doesn't.
It will be called "Costco Anywhere Visa Card by Citi" (that's a mouthful).
For those who already have Costco Amex, they will mail out the replacement cards starting in May 2016, but you cannot use it until June 20, 2016.
A lot better benefits:
4% cash back on eligible gas worldwide, including gas at Costco, for the first $7,000 per year and then 1% thereafter (Costco Amex is 3%)
3% cash back on restaurant and eligible travel purchases worldwide (Costco Amex is 2%)
2% cash back on all other purchases from Costco and Costco.com (Costco Amex is 1%)
1% cash back on all other purchases
$2500/mo on gas would require almost two fillups per day.. driving something like 25k miles per month. Or driving a round trip from Miami to Seattle every week. You'd have to spend roughly 12 hours per day driving in order to hit that amount.
$2500/mo on gas would require almost two fillups per day.. driving something like 25k miles per month. Or driving a round trip from Miami to Seattle every week. You'd have to spend roughly 12 hours per day driving in order to hit that amount.
But seriously, to hit $5000/mo in gas, you'd basically have to be driving 24/7.
(Or have lots of vehicles/drivers, I guess.)
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I expect some folks are making a tiny purchase today to find out though.