Costco Anywhere Visa® Card by Citi Review (2024)

FAQs

Is it hard to get a Costco Anywhere Visa card? ›

Applicants need to have excellent credit to qualify for the Costco Anywhere Visa® Card. The exact credit score required varies, but a very good credit score ranges from 740 to 799 and excellent credit is 800 and higher, according to Experian.

Bottom Line The Costco Credit Card is worth it for Costco members with excellent credit, especially those who spend a lot of money on gas, travel and dining. It offers substantial rewards in those categories, in addition to Costco purchases, and has a $0 annual fee.

It also includes travel and emergency assistance and worldwide travel accident insurance. Credit score requirements: According to the issuer, you'll need excellent credit to qualify for the Costco Anywhere Visa® Card by Citi. That's generally defined as a credit score of 720 or better.

Here's the average credit limit of members who matched their Costco Anywhere Visa® Card by Citi or similar cards. The average credit limit for members who have matched with this card or similar cards is $4,696, with $300 being the most common.

Most cards offered by Citi require a good to excellent credit score—670 to over 800.

Yes, the Costco Anywhere Visa® Business Card by Citi does a hard inquiry on your credit report when you apply. A hard inquiry usually results in a slight decrease in an applicant's credit score, but the effect only lasts for a short period of time.

A Costco member can use the Costco Anywhere Visa® Card by Citi* to earn 4% cash back on eligible gas and EV charging purchases for the first $7,000 spent annually, 1% thereafter, 3% cash back on restaurants and eligible travel purchases, 2% cash back on purchases from Costco and Costco.com and 1% cash back on all other ...

Citi doesn't disclose any minimum income for the Costco Credit Card. But you generally need sufficient income to make the monthly payments for this credit card. And of course, the higher your income, the more likely you are to be approved and get a better credit limit.

It's generally recommended that you have two to three credit card accounts at a time, in addition to other types of credit. Remember that your total available credit and your debt to credit ratio can impact your credit scores. If you have more than three credit cards, it may be hard to keep track of monthly payments.

What is the easiest Citi credit card to get? If you are wondering how to get a credit card with a low credit score or limited credit history, the easiest Citi card to go for is the Citi® Secured Mastercard® * The information for the Citi® Secured Mastercard® has been collected independently by Blueprint.

Why was i not approved for Costco Citi card? ›

In most cases, it's one of the following: Your credit score is too low. You don't have enough income. You have too much debt relative to your income.

Bottom line. To get approved for the Costco Anywhere Visa® Card by Citi you'll typically need a FICO® score of 800 or higher. This cash-back card doesn't have an annual fee, but you'll need a Costco membership to apply.

Your Costco Credit Card approval odds are good if you're a Costco member and have a credit score of 750+. That means you need excellent credit for approval. Your odds of getting this card will also be influenced by your annual income and existing debts.

You need an excellent credit score of 750 or higher to qualify for the Costco Credit Card. You will also need a Costco membership if you don't already have one and enough income to afford monthly bill payments on the Costco Credit Card.

The Costco Anywhere Visa® Card by Citi will increase your credit limit no more than once every six months, generally.

If you apply for a Citi Costco Credit Card online or by phone, you will have to wait for your physical credit card to arrive before you can make any purchases. You should receive it within 7-14 business days of account. This answer was first published on 04/28/23 and it was last updated on 01/08/24.

Yes, the Costco Credit Card reports to the credit bureaus every month, within days after the cardholder's billing period closes. Citibank reports the card's credit limit, account balance, and payment history to all three of the major credit bureaus: Experian, TransUnion, and Equifax.

The business version of the Costco card is nearly identical to the personal Costco Anywhere Visa® Card by Citi*. They offer the same rewards structure and redemption limitations. The main difference is that the personal version of the card allows balance transfers, and the business card does not.

Chip Lupo, Credit Card Writer

Getting pre-selected for a Costco Credit Card indicates that your chances of being approved for an account are high (70%), should you decide to apply. To respond to a Costco Credit Card pre-selected offer, visit the website listed in your offer and enter the invitation code.