2024.10 Replace: This card doesn’t have any welcome provide more often than not. Presently there’s a $75 welcome provide, which is the perfect ever provide on this card!
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Advantages
- $75 provide: earn $75 after spending $1,500 within the first 3 months.
- Earn 4% money again at fuel stations worldwide (together with Costco fuel station); 3% money again at eating places and eligible journey spending worldwide; 2% money again at Costco and Costco.com; 1% money again on different purchases.
- No annual charge in case you are a Costco member.
- No international transaction charge.
Disadvantages
- You need to have an energetic Costco membership in your identify. We might cancel your Card Account and participation on this program if you don’t keep your Costco membership. You need to keep your Costco membership to redeem Costco Money Rewards earned with the Card.
- No vital sign-up bonus.
- Solely first $7,000 purchases per Annual Reward Yr (12 billing intervals in a row starting with the one that features January 1st) at fuel stations can earn 4% money again, after that you may solely earn 1%.
- You’re going to get your money again as Costco annual coupon, though you possibly can redeem them for money at Costco, it’s nonetheless a bit painful.
Beneficial Utility Time
- [8/65 Rule] You possibly can apply for at most 1 Citi card each 8 days, and at most 2 Citi playing cards each 65 days, whether or not accepted or not.
- Citi values the variety of latest laborious pulls so much, we suggest you apply when there’s lower than 6 laborious pulls prior to now 6 months.
- We suggest you apply for this card after you’ve got a credit score historical past of at the very least one yr.
Abstract
It is a nice no-annual-fee cashback card! Amongst no-annual-fee playing cards, the 4% cashback fee on fuel (together with Costco fuel) is at present one of many highest. The three% cashback on eating and journey can be fairly aggressive. For readers who aren’t deeply into factors or miles however want no-annual-fee cashback playing cards, this one is nice for long-term use! Nonetheless, this card doesn’t provide a sign-up bonus, so one of the simplest ways to get it’s by product altering or downgrading, reasonably than making use of immediately.
Notice that though it is a Costco co-branded card, it’s not the perfect card for Costco purchases. Costco solely accepts Visa bank cards, and the “Wholesale” class not often will get excessive cashback charges from most playing cards. Nonetheless, the US Financial institution Altitude Reserve (UAR) presents as much as 4.5% rewards when utilizing Apple Pay/Android Pay at Costco. The Chase Freedom Limitless (CFU) provides 1.5x UR factors on all purchases, which is roughly a 2.4% return fee. Playing cards just like the Constancy Rewards, which provide 2% cashback on all purchases, can be utilized at Costco and supply the identical return fee as this card.
It’s price noting that that you must be a Costco member to use for this card, and the membership charge is both $60 (no additional cashback at Costco) or $120 (with a further 2% cashback at Costco). If you happen to’re not already a Costco member, is it price getting one only for this bank card? Most likely not, as the cardboard’s advantages aren’t excellent whenever you issue within the $60 membership charge. However you would strive a yr of membership to see in case you develop into a Costco fan!
Historic Affords Chart
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