Costco Anywhere Visa® Business Card by Citi

Robin Saks Frankel  in  Business Advertising Disclosure
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Recommended Credit Score

Excellent (740 - 850)

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

Apply Now On Citi's secure website

Best cash back business card

Annual Fee:
$0*
Purchase Intro APR:
N/A
Balance Transfer Intro APR:
N/A
Regular APR:
17.49%* (Variable)
Terms and Restrictions Apply
Bankrate Score: 71 out of 100

Commonly used for: Business, Cash Back, Good Credit, No Annual Fee.

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 has no annual fee, 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.

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 no foreign transaction charges.
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 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.
• The standard APR is a variable 17.49%* on purchases.

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 Cash Rewards World Elite™ Mastercard®
  • Earn a new cardmember bonus of $200 after you spend $1000 in eligible net purchases on your card within the first 90 days of account opening.
  • 3% cash back on cellular, gas stations and office supply store net purchases
  • 1% cash back on other eligible net purchases
  • No cap on total rewards and they never expire!
  • Plus, a 25% Annual Cash Rewards bonus, up to $250
  • No annual fee*
  • Net purchases are purchases minus credits and returns
  • 0% Intro APR* on purchases and balance transfers for the first 15 billing cycles. After that variable APR currently 14.24% - 25.24%*
Apply Now On U.S. Bank's secure website
Credit Needed

Excellent Credit

Regular APR

14.24%-25.24%* (Variable)

Annual Fee

$0*

Purchase Intro APR

0%* for 15 billing cycles on purchases*

Balance Transfers Intro APR

0%* intro on BTs for 15 billing cycles

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 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 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year
  • Earn 1 point per $1 on all other purchases–with no limit to the amount you can earn
Credit Needed

Regular APR

18.24% to 23.24%, 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
  • 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
Credit Needed

Regular APR

0% fixed Intro APR for the first 12 months that your Account is open. After that, 15.49% to 21.49%, 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 months that your Account is open. After that, 15.49% to 21.49%, 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?