If you’re a savvy shopper looking to maximize your savings, Costco is likely on your list of go-to stores. Known for its bulk bargains and wide selection of products, Costco is a shopping paradise for many. However, when it comes to payment methods, you might be wondering, “What credit cards does Costco accept?”
In this guide, we’ll provide you with a comprehensive answer to that question and explore everything you need to know about making payments at Costco.
Visa: The Exclusive Credit Card Choice
Costco has an exclusive partnership with Visa when it comes to credit card acceptance. As of March 1, 2022, Costco warehouses in the United States and Puerto Rico only accept Visa cards. This means that you’ll need a Visa card to make credit card payments at Costco’s checkout counters.
The Costco Anywhere Visa Card by Citi
One of the most popular Visa credit cards for Costco shoppers is the “Costco Anywhere Visa Card by Citi.” This card is designed specifically for Costco members and offers a range of benefits that can enhance your shopping experience. Let’s take a closer look at the features and advantages of this card:
The Costco Anywhere Visa Card by Citi allows you to earn cashback rewards on your purchases. This cashback program includes:
- 4% cashback on eligible gas purchases worldwide, including gas at Costco (up to $7,000 per year, then 1% thereafter).
- 3% cashback on restaurant and eligible travel purchases worldwide.
- 2% cashback on all other purchases from Costco and Costco.com.
- 1% cashback on all other purchases.
These cashback rewards can add up quickly, especially if you frequently shop at Costco or use your Visa card for everyday expenses.
No Annual Fee
Unlike some credit cards, the Costco Anywhere Visa Card by Citi does not have an annual fee. However, it’s important to note that you do need a Costco membership to apply for and use this card. Costco memberships come with their own annual fees, but the absence of an additional credit card fee is a definite advantage.
While Costco’s credit card policy primarily revolves around Visa, it’s worth mentioning that Visa is widely accepted worldwide. This means that you can use your Costco Anywhere Visa Card by Citi not only at Costco locations but also at other merchants and retailers around the globe. It’s a versatile payment method that can accompany you on your travels.
Beyond the cashback rewards, the Costco Anywhere Visa Card by Citi offers additional benefits such as:
Travel Insurance: Depending on your card’s terms, you may enjoy travel insurance coverage, including trip cancellation and interruption insurance, travel accident insurance, and more.
Extended Warranty: Some purchases made with your Visa card may qualify for extended warranty protection, giving you extra peace of mind when shopping for electronics and appliances.
Purchase Protection: If an eligible purchase made with your card is damaged or stolen within a specified period, you may be eligible for purchase protection coverage.
Other Visa Cards
While the Costco Anywhere Visa Card by Citi is tailored for Costco enthusiasts, Costco also accepts any Visa credit card. If you already have a Visa card from another issuer, you can use it for your Costco purchases. Just keep in mind that the benefits and cashback rewards may differ from the Costco-specific card.
Debit Cards and Cash
In addition to Visa credit cards, Costco also accepts Visa debit cards. If you prefer to use a debit card for your transactions, you can do so conveniently at Costco’s checkout. Additionally, Costco warehouses accept cash, checks, EBT (Electronic Benefits Transfer), and mobile payment options such as Apple Pay and Google Wallet.
FAQs (Frequently Asked Questions)
Can I apply for a Costco Anywhere Visa Card by Citi online?
Yes, you can apply for the card online through the Costco website or by visiting your local Costco warehouse.
Are there any annual fees associated with the Costco Anywhere Visa Card by Citi?
The Costco Anywhere Visa Card by Citi does not have an annual fee, but you do need a Costco membership, which comes with its own annual fee.
Can I use my Costco Anywhere Visa Card by Citi at any Costco location worldwide?
Yes, your Visa card is accepted at Costco locations worldwide, making it a versatile payment method for both local and international shopping.
Are there any restrictions on using my Visa card at Costco’s gas stations?
Costco gas stations accept Visa cards for fuel purchases. However, you may need to show your Costco membership card when fueling up.
How do I redeem the cashback rewards earned with my Costco Anywhere Visa Card by Citi?
You can redeem your cashback rewards during your annual renewal in the form of a Costco certificate, which can be used for purchases at Costco warehouses or online.
What are the benefits of using a Visa card at Costco?
Using a Visa card, especially the Costco Anywhere Visa Card by Citi, allows you to earn cashback rewards, enjoy additional benefits like travel insurance and extended warranty protection, and make payments conveniently at Costco locations worldwide.
Are there any limitations on the cashback rewards I can earn with my Costco Anywhere Visa Card by Citi?
While you can earn cashback rewards on eligible purchases, there are limits on the rewards for certain categories. For example, you can earn 4% cashback on eligible gas purchases worldwide, up to $7,000 per year, and then 1% thereafter. Be sure to review the card’s terms and conditions for full details.
Can I use my Visa debit card at Costco’s checkout counters?
Yes, Costco accepts Visa debit cards for payment, providing you with a convenient way to make purchases using your checking account funds.
What other payment methods does Costco accept besides Visa cards and debit cards?
A: In addition to Visa, Costco warehouses accept cash, checks, EBT (Electronic Benefit Transfer) for eligible purchases and mobile payment options such as Apple Pay and Google Wallet.
Are there any restrictions on using mobile payment options like Apple Pay at Costco?
While Costco accepts mobile payment options, it’s essential to check with your local Costco warehouse for any specific guidelines or restrictions regarding their use.
Can I use my Costco Anywhere Visa Card by Citi for online purchases at Costco.com?
Yes, you can use your Costco Anywhere Visa Card by Citi for online purchases at Costco.com, allowing you to enjoy the card’s cashback rewards and benefits for your online shopping needs.
Is there a minimum purchase requirement for using Visa cards at Costco?
There is no minimum purchase requirement for using Visa cards at Costco. You can use your Visa card for both small and large transactions.
Can I apply for a Costco membership and the Costco Anywhere Visa Card by Citi at the same time?
Yes, you can apply for a Costco membership and the Costco Anywhere Visa Card by Citi simultaneously, streamlining the process if you’re not already a Costco member.
How do I report a lost or stolen Costco Anywhere Visa Card by Citi?
To report a lost or stolen card, contact Citi’s customer service immediately. They will assist you in blocking your old card and issuing a new one for your security.
Are there any foreign transaction fees associated with the Costco Anywhere Visa Card by Citi when used internationally?
It’s essential to review the card’s terms and conditions, as some Visa cards may charge foreign transaction fees. However, the Costco Anywhere Visa Card by Citi is known for its worldwide acceptance with no foreign transaction fees on purchases.
Can I add an authorized user to my Costco Anywhere Visa Card by Citi?
Yes, you can add an authorized user to your card account. Adding an authorized user allows them to make purchases using the same account.
How often are cashback rewards distributed with the Costco Anywhere Visa Card by Citi?
Cashback rewards are distributed annually as a Costco certificate during your card’s renewal period. You can then redeem the certificate for purchases at Costco warehouses or online.
Can I manage my Costco Anywhere Visa Card by Citi account online?
Yes, you can manage your card account online through Citi’s online banking platform. This includes checking your balance, reviewing transactions, and making payments.
What should I do if I have further questions or need assistance with my Costco Anywhere Visa Card by Citi?
If you have any additional questions or need assistance with your card, you can contact Citi’s customer service for prompt and helpful support.
Understanding Costco’s credit card policy is crucial for a seamless shopping experience at this warehouse giant. With a Visa card, especially the Costco Anywhere Visa Card by Citi, you can enjoy cashback rewards, worldwide acceptance, and additional benefits. Whether you’re stocking up on household essentials, planning a vacation, or dining out, your Visa card is your key to unlocking savings and convenience at Costco.
So, the next time you ask, “What credit cards does Costco accept?” you’ll have all the information you need to make the most of your shopping trip. Remember to use your card responsibly, stay within your budget, and enjoy the incredible deals that Costco has to offer.
If you have any more questions or need further assistance, please don’t hesitate to ask. Happy shopping!
Sagar Sridhar is an accomplished personal finance blogger hailing from Canada. With a unique blend of quirkiness and enthusiasm, he has established himself as a prominent figure in the personal finance industry. Sagar’s passion for finance, coupled with his engaging writing style, sets him apart from his peers. While he has a background in computer engineering and a Master’s in Project Management, Sagar’s true passion lies in helping others manage their money. His writing has been featured in several top Canadian finance publications, solidifying his status as a sought-after voice in the field. Despite juggling his work and blogging schedule, Sagar remains resolute in his mission to make a lasting impact on the personal finance world.