Costco Anywhere Visa® Business Card Review for 2022
Tricia has nearly two decades of experience in commercial and federal government lending. Her expertise is highlighted throughout small business loan content on Fit Small Business.
Nancy Fernandez is a Credit Card and Insurance Expert at Fit Small Business, specializing in business credit cards and business insurance.
This article is part of a larger series on Best Small Business Credit Cards.
The Costco Anywhere Visa® Business Card by Citi is a cash back credit card designed exclusively for business owners who are Costco members. This business credit card offers cash back rewards in an annual reward certificate, which is redeemable for cash or merchandise at Costco locations throughout the United States.
Costco Anywhere Visa® Business Card by Citi
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Existing or new Costco members
Intro APR
N/A
Regular APR
15.24% Variable
Annual Fee
0
Credit Needed
Good - Excellent
- 4% cash back on eligible gas worldwide, including gas at Costco, for the first $7,000 per year and then 1% thereafter
- 3% cash back on restaurant and eligible travel purchases worldwide
- 2% cash back on all other purchases from Costco and Costco.com
- 1% cash back on all other purchases
Pros
- No annual fee
- Generous cash-back categories
- No foreign transaction fees
Cons
- Inflexible cashback redemption system
- Benefits are only applicable to Costco members
- No sign-up bonus
- Car rental insurance: Offers primary coverage, which means you won’t need to use your personal auto insurance or accept insurance offered by the rental agency. Coverage is limited to $50,000.
- Purchase protection: The issuer may repair or reimburse for items purchased with your business Costco card ― or your reward certificate ― that are damaged or stolen within 120 days of purchase or 90 days for New York residents.
Intro APR
N/A
Regular APR
15.24% Variable
Annual Fee
0
Credit Needed
Good - Excellent
- 4% cash back on eligible gas worldwide, including gas at Costco, for the first $7,000 per year and then 1% thereafter
- 3% cash back on restaurant and eligible travel purchases worldwide
- 2% cash back on all other purchases from Costco and Costco.com
- 1% cash back on all other purchases
Pros
- No annual fee
- Generous cash-back categories
- No foreign transaction fees
Cons
- Inflexible cashback redemption system
- Benefits are only applicable to Costco members
- No sign-up bonus
- Car rental insurance: Offers primary coverage, which means you won’t need to use your personal auto insurance or accept insurance offered by the rental agency. Coverage is limited to $50,000.
- Purchase protection: The issuer may repair or reimburse for items purchased with your business Costco card ― or your reward certificate ― that are damaged or stolen within 120 days of purchase or 90 days for New York residents.
Do you want to compare the features of one card to another? We’ve made it easy for you to do that—check off up to three cards on this page to add them to your cart. This will allow you to view the details in a side-by-side comparison.
Who the Costco Anywhere Visa® Business Card Is Best For
- Business owners who are also Costco members: An active Costco membership is required to apply for the Costco Anywhere Visa® Business Card by Citi.
- Business owners with up to $7,000 in annual gas expenses: The Costco Anywhere Visa® Business Card by Citi offers premium rewards of 4% for the first $7,000 per year in gas expenses.
- Business owners who are always on the go and prefer to maximize cash back earnings: Business owners who are required to travel can earn cash back rewards through the Costco Anywhere Visa® Business Card.
How We Evaluate Cash Back Business Credit Cards
When grading cash back business credit cards like the Costco Anywhere Visa® Business Card by Citi, we give the most weight to ongoing rewards. We rate introductory rewards as slightly less important, but they still are the second most significant factor in grading a card. We also consider the annual fee, introductory and ongoing annual percentage rates (APRs), and additional card benefits.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Ongoing Rewards | 30 | 30 |
Introductory Rewards | 0 | 20 |
Annual Fee | 15 | 15 |
Additional Features | 15 | 15 |
Introductory APR | 0 | 10 |
Ongoing APR | 10 | 10 |
Total Score | 70 | 100 |
Costco Anywhere Visa® Business Card Fees
- Introductory APR: None
- Ongoing APR: 15.24% variable, which adjusts with the prime rate
- Annual fee: None, but you must be a Costco member to qualify
- Balance transfer fee: Transfers aren’t allowed
- Foreign transaction fee: None
- Cash advance fee: Either $10 or 5% of the amount of each cash advance, whichever is greater—APR is 25.24%
- Late payment and returned payment: $39
Costco Anywhere Visa® Business Card Rewards
- 4% cash back on eligible purchases of gas worldwide, including gas at Costco, for the first $7,000 per year, then 1% thereafter
- 3% cash back at restaurants and for eligible travel purchases worldwide
- 2% cash back on all other purchases from Costco and Costco.com
- 1% cash back on all other purchases
You can redeem your cash back rewards once a year in the form of an annual reward certificate, once your February billing statement closes for your Costco Anywhere Visa® Business Card by Citi. The certificate can be redeemed for cash or merchandise at Costco warehouses across the US (including Puerto Rico).
If the merchandise amount redeemed is less than your total cash back earnings, you’ll receive the remaining balance in cash at checkout. You won’t receive a credit card reward certificate if you earn less than $1 throughout the year or your account is closed when Costco is scheduled to send the certificate. Costco may award you via check or electronic transfer if you earn more than $10,000 in cash back rewards.
Costco Anywhere Visa® Business Card Additional Features
Damage & Theft Protection
Damage & Theft Purchase Protection can cover you for either repairs or a refund if items purchased with your Citi card are damaged or stolen within 120 days of purchase (90 days for New York residents).
Citi Quick Lock
Helps instantly block new purchases and cash advances while at the same time allowing recurring transactions, payments, balance transfers, and credits to continue without disruption.
Fraud Early Warning
Citi will contact you by text, email, phone, or mail to help secure the card if there’s suspicious activity.
Account Alerts
Citi offers tools like Citi Online and Account Alerts to give you quick access to your account.
Paperless Statements and E-Communications
You can view, print, and save previous and current statements immediately, at no additional cost.
Citi Mobile App
You can manage your account anywhere and anytime with a 360-degree view of your finances. There are also features that let you customize your alerts and deposit checks on the go.
Citi® Concierge
Citi® Concierge gives you access to several experts that work around the clock to help you with your travel, shopping, dining, entertainment, and everyday needs.
Citi Entertainment
Costco Anywhere Visa® Business cardholders can get special access to presale tickets and exclusive events, including the year’s most anticipated concerts, sporting events, dining experiences, and more.
Pros & Cons of the Costco Anywhere Visa® Business Card
| PROS | CONS |
|---|---|
| No annual fee: Business owners who have memberships with Costco do not need to pay an annual fee. | Inflexible cash back redemption system: You can only redeem your Costco rewards once a year after the close of your February statement, and the certificate will expire if it isn’t used by December 31. |
| Generous cash-back categories: Business card owners don’t need to enroll in special categories, as the card allows them to earn cash back rewards on everyday spending. | Benefits are only applicable to Costco members: You can only use the card if you are a Costco member. If you’re not a member, check out our other choices for best business credit cards. |
| No foreign transaction fees: Business owners who either travel internationally or buy online pay no foreign transaction fees. | No sign-on bonus: If you’re looking for a card with a sign-on bonus, you may want to look at our Credit Card Marketplace for a better choice. |
Costco Anywhere Visa® Business Card Alternatives
Chase Ink Business Unlimited®
The Chase Ink Business Unlimited® card is our choice for the best overall small business credit card and best card for new businesses with no credit history, and it offers straightforward rewards (cash back at a fixed rate of 1.5% for every $1 spent on any business purchase). On top of its introductory bonus of $750 cash back (if you spend a total of $7,500 in the first three months), you can also redeem rewards as a statement credit or toward gift cards, travel, or Apple® products.
Ink Business Unlimited® Credit Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Pocketing 1.5% cash back on every single purchase
Intro APR
0% Intro APR on Purchases
Regular APR
13.49% - 19.49% Variable
Annual Fee
$0
Credit Needed
- Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
Pros
- 0% introductory APR on purchases
- Unlimited cash back rewards on all purchases
Cons
- Introductory APR period doesn’t apply to balance transfers
- 5% balance transfer fee
- Charges foreign transaction fees
- Requires excellent credit to qualify
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes; it provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the US and abroad
- Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year
- Extended warranty protection: Extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of three years or less
Intro APR
0% Intro APR on Purchases
Regular APR
13.49% - 19.49% Variable
Annual Fee
$0
Credit Needed
Good, Excellent
- Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
Pros
- 0% introductory APR on purchases
- Unlimited cash back rewards on all purchases
Cons
- Introductory APR period doesn’t apply to balance transfers
- 5% balance transfer fee
- Charges foreign transaction fees
- Requires excellent credit to qualify
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes; it provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the US and abroad
- Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year
- Extended warranty protection: Extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of three years or less
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
If you’re always on the road, you can get at least 3% cash back at eligible gas stations, restaurants, mobile phone/service providers, and office supply stores with the U.S. Bank Business Triple Cash Rewards World Elite Mastercard®. In addition, you can also get 1% cash back on all eligible purchases and earn a $100 annual software credit for recurring software subscription expenses like QuickBooks.
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
BEST FOR:
0% APR for 15 billing cycles
Intro APR
0% for first 15 billing cycles
Regular APR
14.74% - 23.74% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
- Limited Time Offer: Earn $500 in cash back. Just spend $4,500 on the Account Owner's card in the first 150 days of opening your account.
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cellphone service providers, and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center.
- No limit on total cash back earned
- Rewards never expire
- Earn an annual $100 statement credit for recurring software subscription expenses, such as FreshBooks or QuickBooks.
- 0% Intro APR on purchase and balance transfers for 15 billing cycles. After that, a variable APR currently 14.24% to 23.24%.
- No annual fee
- Pay over time by splitting eligible purchases of $100-plus into equal monthly payments with U.S. Bank ExtendPay™Plan.
- Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- No annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional 1 year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
Intro APR
0% for first 15 billing cycles
Regular APR
14.74% - 23.74% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
- Limited Time Offer: Earn $500 in cash back. Just spend $4,500 on the Account Owner's card in the first 150 days of opening your account.
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cellphone service providers, and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center.
- No limit on total cash back earned
- Rewards never expire
- Earn an annual $100 statement credit for recurring software subscription expenses, such as FreshBooks or QuickBooks.
- 0% Intro APR on purchase and balance transfers for 15 billing cycles. After that, a variable APR currently 14.24% to 23.24%.
- No annual fee
- Pay over time by splitting eligible purchases of $100-plus into equal monthly payments with U.S. Bank ExtendPay™Plan.
- Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- No annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional 1 year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
American Express Blue Business CashTM
With the American Express Blue Business CashTM card, you’ll get 2% cash back on all eligible purchases for up to $50,000 every calendar year and 1% cash back after that, automatically credited to your statement.
American Express Blue Business Cash™ Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
Intro APR
0% on purchases
Regular APR
13.99% - 21.99% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1% cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to American Express and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 13.99% - 21.99%, based on your creditworthiness and other factors as determined at the time of account opening.
- No Annual Fee
- Terms Apply
Pros
- 0% intro APR
- Welcome bonus
- Fixed rate rewards
- No annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power, when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter.
Intro APR
0% on purchases
Regular APR
13.99% - 21.99% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1% cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to American Express and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 13.99% - 21.99%, based on your creditworthiness and other factors as determined at the time of account opening.
- No Annual Fee
- Terms Apply
Pros
- 0% intro APR
- Welcome bonus
- Fixed rate rewards
- No annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power, when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter.
Bottom Line
The Costco Anywhere Visa® Business Card is best for business owners who are current members of Costco. This business credit card allows you to earn Costco cash back rewards on every purchase. If you aren’t a Costco member, you may want to check out our Business Credit Card Marketplace to find one that may be right for you.
