Costco Anywhere Visa® Business Card by Citi: Should You Get It?

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any credit card issuer.

Editor's Rating

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If you're already a Costco member this card is a no-brainer. It provides some of the best rewards on gas, restaurants and travel we've seen
  • On Citi's Secure Website
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Editor's Rating

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{"onCurrent":true,"message":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers.","showIcon":false,"tooltipLabel":"?"}

If you're already a Costco member this card is a no-brainer. It provides some of the best rewards on gas, restaurants and travel we've seen
  • On Citi's Secure Website
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Citi is an advertising partner.

The Costco Anywhere Visa® Business Card by Citi is a highly valuable cash back credit card, that is an excellent option for most businesses. Users can use it to get 4% back on gas purchases (on the first $7,000 per year and then 1%), 3% back on restaurant and travel purchases and 2% back at Costco and Costco.com. These rewards are well above average within their respective categories, besting even many of the top business credit cards on the market.

Review: Should You Use The Costco Anywhere Visa® Business Card by Citi For Your Business?

The Costco Anywhere Visa® Business Card by Citi is a fantastic cash back credit card for businesses, whether they shop at Costco or not. The card’s fantastic rewards rate on gas, travel and dining purchases is higher than what you'd normally get through other business credit cards. If you do already have Costco membership, this card is a no-brainer. However, even if you aren’t already a member, it may be worthwhile to sign up anyway just to get the card. The Costco membership fee, if thought of as this card’s annual fee, isn’t all that high for the rewards you can get on it. We recommend using our comparison tool to see how it stacks up against other offers. If you aren’t already a Costco member, simply subtract the cost of a membership from the net rewards value, and compare it against the rest. This should give you an idea of whether it’s worth signing up for Costco membership just to get this card.

The rewards earned with the Costco Anywhere Visa® Business Card by Citi come in the form of a credit card reward certificate. Some may find this type of redemption extremely limiting and off-putting. If access to your rewards at any time throughout the year is important to you, we consider looking at other options.

Bottom Line: We think the Costco Anywhere Visa® Business Card by Citi will be good for most businesses. If you already shop and buy most of your supplies from Costco, this card is a must-have. Even if you don’t, however, the extra rewards this card gets you on travel, gas and dining can be enough to justify signing up.

Costco Anywhere Visa® Business Card by Citi Benefits & Features

The Costco Anywhere Visa® Business Card by Citi offers the same rewards as the consumer-version of this card. Users get 4% cash back on eligible gas worldwide, including gas purchased at Costco. This applies to the first $7,000 in purchases per year, and the card provides just 1% after that. Costco Anywhere Visa® Business Card by Citi also gives 3% cash back on restaurant and eligible travel purchases, and 2% back on all purchases from Costco and Costco.com. All other purchases earn just 1% back.

Costco Anywhere Visa® Business Card by Citi

  • On Citi's Secure Website

$0

15.24% (Variable)

Excellent Credit

  • Discover the only business credit card designed exclusively for Costco members
  • 4% cash back on eligible gas for the first $7,000 per year and then 1% thereafter
  • 3% cash back on restaurants and eligible travel purchases
  • 2% cash back on all other purchases from Costco and Costco.com
  • 1% cash back on all other purchases
  • No annual fee with your paid Costco membership and enjoy no foreign transaction fees on purchases
  • Whether you're traveling for business or pleasure, enjoy no foreign transaction fees on purchases
  • Receive an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico
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How Is The Cash Back Awarded?

Like the consumer version of this card, the Costco Anywhere Visa® Business Card by Citi gives cardholders a credit card reward certificate once the cardholders February billing statement closes. You can then redeem this for cash or merchandise at any U.S. Costco Warehouse. Once you receive your reward certificate, you will have until December 31 of the year it’s issued to use it. If you close your account before the February billing statement, any rewards you earned up to that point will be forfeit. Be mindful of this if you decide to get another card or close down your company.

How Does The Costco Anywhere Visa® Business Card by Citi Compare To Other Credit Cards?

As many successful business owners know, it’s always best to consider multiple options and shop around before settling on anything. Credit cards are no different. We compared the Costco Anywhere Visa® Business Card by Citi to other leading options to help companies find the right credit card for their firm.

Costco Anywhere Visa® Business Card by Citi vs Capital One® Spark® Cash for Business

Capital One® Spark® Cash for Business
This product is not available through ValuePenguin.
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The Capital One® Spark® Cash for Business will be better for businesses that have more varied spending, that isn't necessarily confined to a few categories. While the Costco Anywhere Visa® Business Card by Citi is great at rewarding gas, restaurant, travel and Costco purchases, it is sub-par everywhere else. The Capital One® Spark® Cash for Business maintains a steady 2% Cash Back for your business on every purchase, everywhere charged to it. Figuring out which is best for the way your business spends can get tricky. There’s no easy rule of thumb you can rely on. We recommend using our tool for guidance.

The Capital One® Spark® Cash for Business also comes with a sign-up bonus that makes it more appealing in the short term. You can Earn a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening.. The lack of any welcome bonus is a serious flaw in the Costco Anywhere Visa® Business Card by Citi, which is otherwise a great card.

Costco Anywhere Visa® Business Card by Citi vs Ink Business Cash℠ Credit Card

Ink Business Cash℠ Credit Card
This product is not available through ValuePenguin.
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The Ink Business Cash℠ Credit Card is another excellent cash back credit card for businesses. It has the potential to provide better rewards than the Costco Anywhere Visa® Business Card by Citi, if it aligns well with your company’s biggest expenses. The Ink Business Cash℠ Credit Card gives 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. In those two categories in particular, the Costco Anywhere Visa® Business Card by Citi may be better. However, the Costco card can’t match the 5% rewards.

The information related to the Ink Business Cash℠ Credit Card has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication.

Compare The Costco Anywhere Visa® Business Card by Citi Based On How You Spend

Finding the best credit cards for your business’ needs is highly dependent on where most of your money goes. We built a tool to help you estimate how the Costco Anywhere Visa® Business Card by Citi performs on that metric. Click the gear icon and enter your firm’s estimated monthly expenses, and the tool will do the rest.

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Joe Resendiz

Joe Resendiz is a former investment banking analyst for Goldman Sachs, where he covered public sector and infrastructure financing. During his time on Wall Street, Joe worked closely with the debt capital markets team, which allowed him to gain unique insights into the credit market. Joe is currently a research analyst who covers credit cards and the payments industry. He earned a bachelor’s degree from the University of Texas at Austin, where he majored in finance.

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How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).

  • On Citi's Secure Website
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