Costco Anywhere Visa Business Card by Citi

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One of the highest payouts at the pump on a business card.

Advertiser Disclosure: This post contains references to products from one or more of our advertising partners.

If your business spends a ton on gas, or at Costco, and you don’t mind waiting to get your once-a-year disbursement, the Costco Anywhere Visa Business Card by Citi offers one of the industry’s highest payouts at the pump and is the only business card offering year-round rewards for shopping at Costco.

Review

Most rewards cards exclude the big warehouse clubs, but the Costco Anywhere Visa Business Card by Citi pays 2% back for every $1 spent at the shopping behemoth. You also can earn fat rewards on everyday spending in other places like 4% back on gas up to $7,000 a year (then 1%), 3% back on restaurants and eligible travel purchases and 1% on all other spending.

The card is free, but you have to be a Costco business member to apply, which will cost you $60 annually to join. If you max out the gas spending cap of $7,000, you’ll earn $280 back just for fueling up. And you’ll still earn 3% dining out and on travel, plus 2% on Costco purchases and 1% everywhere else.

There’s an OK 0% APR intro offer for seven months on purchases, which could be helpful if you’re planning to purchase a big-ticket item and want a few extra months to pay it off.

If you already have a Costco membership, it’s worth considering adding this card to your wallet for cash-back rewards you’ll earn at its warehouse stores. If your business doesn’t have a Costco membership, but you know you’ll spend at least $7,000 a year on gas, it may be worth it to you to join just to get this card.

This otherwise excellent credit card loses points because the Costco Anywhere Visa Business Card by Citi comes with no sign-up bonus. That’s something consumers have come to expect from a quality business credit card. We rate this card quite high in all other areas.

Who should get this card

Businesses who spend heavily on gas and bulk purchases on items carried at Costco are most likely to benefit from the rewards structure of this card.

Advantages
  • No annual fee.
  • The rewards rate is higher in some categories, like gas, than on many other cards.
  • There's an introductory 7-month 0% APR offer on purchases.
Disadvantages
  • You have to be a Costco member to be eligible, which starts at $60 annually.
  • You can only redeem your rewards once a year when a coupon is mailed in February, and only in-person at a Costco for either merchandise or cash back.
  • There's no sign-up bonus.

Fees and APR

• There’s an introductory 7-month 0% APR offer on purchases, after that a variable 16.24% will apply.
• There’s no fee to own this card, but Costco membership is required, which starts at $60 annually for a basic membership.
• If you miss a payment or pay late, a penalty APR of up to 29.99% may apply indefinitely, plus you may incur a late fee of up to $37.
• You’ll pay a 3% foreign transaction fee on all purchases made outside the U.S.

Extras, perks and using rewards

This card comes with all Citibank card benefits, which include travel and emergency assistance, trip cancellation and interruption protection, lost and delayed baggage protection, roadside assistance and worldwide travel accident assistance.

Citi business cardholders also get price protections with Citi Price Rewind, extended warranty protection and damage and theft purchase protections.

You’ll need to be patient, though, as you’ll only get your rewards once a year in February when Costco mails a redeemable certificate. You’ll need to bring that certificate to Costco to redeem for merchandise or cash at checkout.

How this card compares

U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard®
  • Earn 3% cash back on all cellular, gas and office supply store purchases.
  • Earn 1% cash back on all other purchases.
  • Receive a 25% annual bonus based on your prior year’s Cash Rewards, up to $250.

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our 0% apr category page.

Credit Needed

Excellent

Regular APR

0.00% Promotional APR on qualifying Purchases for first 9 billing cycles. After that, and for all non-qualifying purchases, Business Edge Cash Rewards Card: 12.99% to 23.99% based on your creditworthiness when you open your account. This APR will vary with the market based on the Prime Rate.

Annual Fee

No Annual Fee.

Balance Transfers Intro APR


Business owners who spend big on mobile phone service, gas and office supplies can save big with unlimited 3% cash-back rewards on the U.S. Bank Business Edge Cash Rewards World Elite MasterCard. This is the only card we know of that offers high category rewards without a spending cap.

Ink Business Preferred℠ Credit Card
  • Earn 3X on travel, shipping purchases, advertising purchases made with search engines and social media sites, and Internet/cable/phone services, on up to $150,000 per year.
  • Earn 1X on all other purchases.

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our 0% apr category page.

Credit Needed

Excellent

Regular APR

16.99% to 21.99%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.

Annual Fee

$95.

Balance Transfers Intro APR


The Ink Business Preferred Credit Card has one of the best sign-up bonuses of any small business card, worth well more than the annual fee. The on-going perks are also excellent for tech and travel-heavy businesses.

Of course, this card is only a great choice if your spending habits align with the rewards categories of this card. If most of your spending is on office supplies or gas, for example, you may be better off with U.S. Bank’s Business Edge Cash Rewards World Elite MasterCard.

Ink Business Cash℠ Credit Card
  • 5% cash back on the first $25,000 spent annually at office supply stores, and on cellular phone, landline, internet, and cable TV services.
  • 2% cash back on the first $25,000 spent annually at gas stations and restaurants.
  • 1% cash back on all other card purchases with no limit to the amount you can earn.

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our 0% apr category page.

Credit Needed

Excellent

Regular APR

0% fixed Intro APR for the first 12 billing cycles that your Account is open. After that, 14.24% to 20.24%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate..

Annual Fee

No Annual Fee.

Balance Transfers Intro APR

0% fixed Intro APR for the first 12 billing cycles that your Account is open. After that, 14.24% to 20.24%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.


If you’re just starting out and you aren’t sure what your spending patterns will be, the Ink Business Cash Credit Card is like a small rectangular mentor. The no-fee card will reward you for spending in the areas you’ll most likely need to get your business off the ground and gives you a full year break on interest for purchases and balance transfers. Who couldn’t use a little breathing room when launching a new venture?

SimplyCash® Plus Business Credit Card from American Express
  • Special Offer: Earn up to $400 cash back
  • Earn a $200 statement credit after you spend $5,000 in qualifying purchases on your Card within the first 6 months of Card Membership.
  • Plus, earn an additional $200 statement credit after you spend an additional $10,000 or more in qualifying purchases on your Card within the first year of Card Membership.
  • No Annual Fee. Plus, more buying power and more cash back. Get cash back on business purchases, even those above your credit limit.
  • 5% cash back on wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores.
  • 3% on the category of your choice from a list of eight and 1% cash back on other purchases.
  • 5% and 3% apply to the first $50,000 in purchases per calendar year, then 1% applies thereafter. Cash back received is automatically credited to your statement.
  • Terms and limitations apply
Credit Needed

Excellent

Regular APR

13.24% - 20.24% Variable

Annual Fee

$0

Purchase Intro APR

0% on Purchases for 9 months

Balance Transfers Intro APR

N/A


In just about every respect — from rewards to the annual fee — the SimplyCash Plus Business Credit Card from American Express card stands tall among the elite business cards on the market.

The only reasons to shy away from this card would be if your work requires significant overseas travel or if your biggest expenses don’t match up with the bigger cash-back savings categories.

EDITORIAL NOTE

Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines, or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.