Review
Updated
Fact Checked
Nathan Alderman
If you're a business owner who does quite a bit of shopping at Costco, then you could get a lot of cash back with the Costco Anywhere Visa® Business Card by Citi, an advertising partner with The Ascent. This card offers several bonus categories that make it great for earning cash back, and it won't cost you anything extra. To see if you should apply, check out the good and the bad of this card in our Costco Anywhere Visa® Business Card by Citi review.
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4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Credit Score
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Excellent (740-850)
Intro APR
Purchases: N/A
Balance Transfers: N/A
Regular APR
20.49% (Variable)
Rewards 4% back on gas and EV charging ($7,000 annual spending cap), 3% back on restaurants and travel, 2% back on Costco purchases, 1% back on other purchases
1% - 4% back
Annual Fee
$0 for Costco members
Welcome Offer
N/A
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The gas and EV charging cash back, alone, makes this a winner. The premium cash back for restaurants, travel, and Costco purchases make it hard to beat, even more so for Costco members.
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- Gas and EV charging cash back
- Costco cash back
- Travel and dining cash back
- Purchase protections
- No foreign transaction fee
- No sign-up bonus
- No 0% intro APR offer
- Difficult cash back redemptions
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- Discover the only business credit card designed exclusively for Costco members
- 4% cash back on eligible gas and EV charging purchases 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
- No annual fee with your paid Costco membership and enjoy no foreign transaction fees on purchases
- Whether you're traveling for business or pleasure, 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
Full Costco Business Card review
This credit card is a good fit for: Business owners who shop at Costco and want to earn some of the top cash back rates on the market.
Top perks
Here are the most valuable benefits you get with this Costco business credit card.
Up to 4% back
The Costco Anywhere Visa® Business Card by Citi earns the following cash back rates:
- 4% for eligible gas and EV charging spending worldwide, including at Costco (applies to the first $7,000 spent in this category per year)
- 3% unlimited on eligible travel and restaurants (including purchases made through Costco Travel)
- 2% unlimited on all other eligible spending through Costco or Costco.com
- 1% unlimited on all other eligible spending
Some credit cards earn more back on either gas and groceries or travel and restaurants, but not both. With the Costco Anywhere Visa® Business Card by Citi, you won't need to choose, because it earns ample cash back in all those categories.
No annual fee
This is a no annual fee card, although you will need to pay an annual fee for a Costco membership. One extra perk of having a Costco credit card is that you can carry that instead of your Costco membership card.
No foreign transaction fee
You can use this card anywhere in the world without paying an extra fee.
Damage and theft purchase protection
Your Costco Anywhere Visa® Business Card by Citi may cover repair costs or refunds if eligible purchases you make with the card are damaged or stolen. The card's purchase protection lasts for 120 days from the date of the sale (or 90 days for residents of New York).
Business Credit Card Comparison
We recommend comparing options to ensure the card you're selecting is the best fit for you. To make your search easier, here's a short list of standout business credit cards.
| Offer | Our Rating | Welcome Offer | Rewards Program | APR | Learn More |
|---|---|---|---|---|---|
Apply Now for Ink Business Cash® Credit Card
On Chase's Secure Website. |
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
Earn up to $750 bonus cash back Earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening. | Earn 5% cash back in select business categories Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn. |
Intro: 0% Intro APR on Purchases Purchases: 0% Intro APR on Purchases, 12 months Balance Transfers: N/A Regular: 18.49% - 24.49% Variable |
Apply Now for Ink Business Cash® Credit Card
On Chase's Secure Website. |
Apply Now for Ink Business Unlimited® Credit Card
On Chase's Secure Website. |
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
Earn $750 bonus cash back Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening. | Earn unlimited 1.5% cash back on every purchase Earn unlimited 1.5% cash back on every purchase made for your business |
Intro: 0% Intro APR on Purchases Purchases: 0% Intro APR on Purchases, 12 months Balance Transfers: N/A Regular: 18.49% - 24.49% Variable |
Apply Now for Ink Business Unlimited® Credit Card
On Chase's Secure Website. |
What could be improved
Before you apply for this card, there are some drawbacks you should know about.
Rewards for Costco purchases
While the cash back this card earns is a plus, it does fall a bit short when it comes to the percentage you can earn at Costco (besides the store's gas stations) and Costco.com. For a store card, 2% back at the store itself isn't the best.
Learn more: Best Rewards Credit Cards
Sign-up bonus
Sign-up bonuses are a popular incentive many credit cards offer to new clients, but the Costco Anywhere Visa® Business Card by Citi doesn't have one.
0% intro APR intro offer
Some business credit cards have 0% intro APR offers, which are useful for clients who have expensive business purchases they need to pay off over time. With this card, you'll pay the standard interest rate from the beginning.
One annual cash back distribution
A potential frustration is that you can't just redeem your cash back at any time. Instead, you'll receive your cash back for the prior year after the close of February's billing cycle. Most cardholders get a reward certificate, although Citi and Costco reserve the right to send cash back of over $10,000 through alternative methods.
You can use your reward certificate for cash back or to purchase merchandise. The certificate is good until Dec. 31 of the year you receive it.
This method of receiving cash back is obviously less convenient than redeeming it online whenever you have enough for the redemption minimum, which is what most cash back cards offer. And the bigger problem is that all your cash back is forfeit if your credit account is closed before reward certificates are sent out. If you decide you want to close your card in June, you’ll have to wait until the next year or throw away all your cash back.
Read more: Best Business Credit Cards
Find the best credit card for your needs
Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.
TIP
Amp up your cash back
Cardholders with a Gold Star Executive membership can earn an additional 2% back on purchases. Combined with this card, you'll earn 4% back on Costco purchases and 5% back on travel.
Suggested credit score
To have the best chance of getting the Costco Anywhere Visa® Business Card by Citi, you should have an excellent credit score of at least 720. Although this is a business credit card, Citi also heavily weighs your personal credit during the application process.
You're eligible for a business card with any type of business, including a sole proprietorship, and your business doesn't need to be making money yet. A Costco membership number is required to fill out the application.
Read more: Best Cash Back Business Credit Cards
The Costco Business Card is right for you if:
Your business has you or your employees on the road often, and you're looking for one of the best credit cards for gas or EV charging purchases. That 4% cash back rate will help you save quite a bit of money on those expenses.
As you'd expect, the Costco Anywhere Visa® Business Card by Citi is also a fantastic option if Costco is your retailer of choice. Those who aren't Costco loyalists may want to explore more credit card reviews first. But if you shop at Costco for most of your business supplies and use Costco Travel to book your trips, then you'll get quite a bit of value from this card.
Our credit card methodology
At The Motley Fool Ascent, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.
We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how The Ascent rates credit cards.
FAQs
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There are no published credit limits for the Costco Anywhere Visa® Business Card by Citi. Credit limits between $1,500 and $25,000 have been self-reported by cardholders.
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You can use this card to make purchases anywhere Visa credit cards are accepted.
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Yes, the Costco Anywhere Visa® Business Card by Citi can help your business build business credit. However, it will not help you build your personal (consumer) credit.
Business credit cards only help you build personal credit if they are reported to the consumer credit bureaus. This card is issued by Citi. Reports indicate that Citi does not submit business card activity to the consumer bureaus.
Our Credit Cards Experts
Lyle Daly is a personal finance writer who specializes in credit cards, travel rewards programs, and banking. He writes for The Ascent and The Motley Fool, and his work has appeared in USA Today and Yahoo! Finance. He was born in California but currently lives as a digital nomad with a home base in Colombia.
Steven is a personal finance writer covering topics from mortgages to credit cards to market news. He has written for The Motley Fool Canada, Ramsey Solutions, Nerdwallet, Clever Real Estate, and other major outlets. Steven launched his writing career at the age of four with his first book, "Revenge of the Bad Guys." He currently lives in Portland, Oregon.
Fact Checked
Nathan Alderman
Nathan Alderman has worked with The Motley Fool since 2005, making errors his arch-enemies in a variety of roles including a six-year stint as the dedicated fact-checker for The Motley Fool's premium newsletter services. As The Ascent's Compliance Lead, he makes sure that all the site's information is accurate and up to date, which ensures we always steer readers right and keeps various financial partners happy. A graduate of Northwestern University's Medill School of Journalism, Nathan spends his spare time volunteering for civic causes, writing and podcasting for fun, adoring his wife, and wrangling his two very large young children.
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We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Citigroup is an advertising partner of The Ascent, a Motley Fool company. Discover Financial Services is an advertising partner of The Ascent, a Motley Fool company. Lyle Daly has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Costco Wholesale, JPMorgan Chase, Target, and Visa. The Motley Fool recommends Discover Financial Services. The Motley Fool has a disclosure policy.
The Motley Fool owns shares of and recommends Visa.