Citi has launched a new co-brand credit card with Costco named Costco Anywhere Visa® Card, which is exclusively for both existing Costco Members and future customers who have interest in shopping with Costco.
Many people might think that this kind of co-branded card can only be valuable when shopping in Costco. But the brand new Citi Costco Anywhere Visa® Card may surprise you with its fantastic cash rewards categories with a 4%-3%-2%-1% sequence -- Not Only For Costco.
I would rather use this Costco Anywhere Visa® Card as a travel card instead of just a Costco Store credit card. You can easily earn 4% cash back on gas stations, which is one of the best existing gas rewards cards in the market right now. Even though it has a $7,000 cap, you can still earn up to $280 cash back on the gas you purchased.
In addition to the 4% cash back on gas, you can also earn 3% cash back on restaurants and eligible travel purchases! Still better than some travel cards, right? If you don’t think you are an expert on Frequent Flyer Program (known as FFP) and you don’t understand the potential value of Travel Rewards Points, Airline Miles or Hotel Points, then a 3% cash back card may be the best choice for you to cover your travel spending.
Another interesting thing related to this Costco Anywhere Visa® Card is that Costco has its own travel website or online travel agency which offers great travel packages, cruises and rental cars. During my recent years in traveling, I have taken advantage of Costco's travel website many times in rental car services. The next time you want to rent a car in your dream destination, maybe you should rent it with Costco Travel and use the Costco Anywhere Visa® Card to earn additional 2% ( in total of 3%) cash back.
Currently, there are several cards that offer bonus points or cash back rates in restaurants, some cards offer quarterly 5% cash back in restaurants. But 3% cash back offered by Citi Costco Anyway Visa® Card might be your No.1 choice for people who dinning out a lot and want to earn some rewards when enjoying delicious foods.
The next category you could earn bonus cash back with this Costco Anyway Visa® Card is on the purchases you make in Costco. You can earn 2% cash back on all other purchases from Costco and Costco.com. This cash back rewards seems pretty straight forward for a co-branded credit card.
If you are a person who does not want to spend the time on travel rewards points or loyalty programs and you just want to focus on cash back rewards. I would recommend this Costco Anyway Visa® Card to be your daily card. Want to learn more about this great product? Check out here