
Earning Cash Back RewardsĬostco Anywhere Visa has a tiered cash back rewards program with 4 distinct levels: Let’s dive into the details of the Costco Anywhere Visa Card’s features and benefits. Key Features of the Costco Anywhere Visa Card Needless to say, this isn’t as convenient as clicking a button and scoring a statement credit. Your certificate is digital these days (unless you want one mailed to your home) but you still have to bring it into a Costco store or redeem it against Costco purchases in some other way. Further complicating the rewards scheme is the certificate-based redemption process. This is a disadvantage relative to standard cash-back credit cards, which generally allow you to redeem your rewards monthly or more frequently. On the not-so-good side, Costco Anywhere Visa rewards pay out only once per year, usually in February.

Executive membership doesn’t pencil out unless you spend at least $6,000 annually with Costco. You don’t need to pay an extra $60 per year (and probably more in the future) for an Executive membership to get that tier’s famous 2% return on eligible Costco and purchases.

Regardless of your chosen membership plan, your Anywhere Visa doubles as your Costco ID, so you don’t need to remember a separate piece of plastic when you hit the warehouse.
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Executive membership, which entitles members to special rewards and discounts on certain Costco purchases, costs $120 per year, plus applicable tax.

The standard household (Gold Star) or business Costco membership costs $60 per year, plus any applicable local tax. It’s not available to the general public, and you have to maintain a paid-up Costco membership to remain in good standing. The Costco Anywhere Visa Card is a credit card specifically designed for Costco members. If not, this generous cash back credit card is a good reason to take a closer look. Do you have a warehouse club membership with Costco? If so, you probably already know about the Costco Anywhere Visa® Card by Citi.
