Costco credit card review reddit. It’s a poor man’s Costco membership.

Costco credit card review reddit In the event of damage that is the order the rental agency will follow. You’ll end up being ahead with Rogers cards or even potentially the MBNA world elite. I currently have a discover Student IT card as my first credit card. So my parents opened up a Citi credit card to use at Costco. Keep the card, come back, reload it at customer service, repeat. and costco DOES NOT accept any credit card unless its visa (so discover it is OUT). to be "grocery stores". Terms and Conditions. But I looked up reviews an experiences with the credit card, and they seem to be overwhelmingly negative So yes, cash back cards can sometimes eclipse travel rewards cards. Built in 2017, for Canadians by Canadians, creditcardGenius is trusted by more than 152,000 people every month, 42,500 newsletter subscribers, and 4. I haven’t opened any new credit cards since 2019. The searching I found stated that the Savor card was best in class for dining but I know this is late but basically none of the cards are going to work with it. 5% back on all other purchases. From there, on the main screen, after being approved for the Costco card, you’ll see a message stating that another card has been found under your name and it Costco card has a bit of a quirk in that cash back is only redeemable once per year when your February statement closes you’ll receive your previous years cash back as a certificate that you’ll bring to Costco where you can get the physical cash also it excludes supermarket gas like Kroger and other warehouse gas like sams but pretty much any other gas is fair game Yeah I was pondering this because I do spend more on Costco Gas than the warehouse itself, so if there’s a card that provides 3%+ at all three (and tangibly has more benefits outside of Costco), it’s a better fit. The Costco Anywhere Visa card's rewards program offers a I was doing some credit card shopping as I decided I wanted a Mastercard, mostly so I could shop at Costco. So far I like using Neo credit card for entertainment & food purchases, for their cashback & bay points. Further, with the Costco A subreddit for discussing credit cards. which usually means I didn’t have a credit card for decades. I The best credit cards for Costco generally earn 2% to 3% back on your purchases at its warehouses and on Costco. A lot of blogs/articles tend to point you to some general direction but since everyone's financial situation and spendings are different, it's hard to say what card is best for them without actually understanding them. All the AA credit cards are Mastercard (from what I can tell). The rewards are pretty weak. Honestly depends on where you shop for groceries. Or check it out in the app stores     TOPICS. Full 77 votes, 143 comments. I've done all inclusives twice but unless you are throwing down big, the experience and food has Not only that, but with Bofa you still get a Visa card that gives 3% back (50k preferred tier) at wholesale like costco (which the citi custom cash does not do), as well as a flat rate boost to an uncapped unlimited no AF spending card (unlimited cash, premium rewards also exists at an effective 0 AF) that gives you 2. If you ever leave Costco, the credit card will close automatically. The costco mastercard gives you 1% in store purchases (which most people do) so a total of 3%. Also, as noted already, Costco only accepts Visa in-warehouse. Read credit card reviews on somewhere like Credit Karma closely and half of the bad ones will be complaints about being denied for the card or having to pay interest. Right now, I see at as a versatile everyday card for those who like to keep things more simplistic. ALSO: they take food stamps. So if I buy a cellphone that has a 1 year warranty, if I use the credit card, it extends that warranty by 2 more years for a total of 3 years. Yeah that’s fair. Makes the card a lot less attractive compared to the Chase Amazon, especially since the Chase Amazon also gets 5% back at Whole Foods and gets 5% back on all Amazon purchases with no cap (the Affinity card has a $3,500/month cap on 5% back on Amazon purchases - a high cap, but still a cap!). I figured all the hype about the Rogers World Elite 1. I, Meridian VISA. Using EBT food stamps card at Costco multiplies the buying power of your Few no-annual-fee credit cards come with impressive earning potential, but the CIBC Costco Mastercard® is an outlier. Send your money to the card. 5% CB instead of the 1% that the CIBC Costco card pays. From the T&C, it states that wholesale clubs falls under groceries. Costco is a warehouse mostly for the middle class. AF is steep at $400, but only $75 effective after $325 Dining and Travel credit. Oh ok so once a year you can cash out. They’re worthless. When all these people call I tell we pay less then 2% with no monthly fee, no pci fees, no nonsensethey all hang up. I guess people run cards at gas stations to make sure they work, then hit the stores. Have a second? Yes, it's 3% if groceries is your highest spend category for that card. 4M subscribers in the PersonalFinanceCanada community. I'd say the only drawbacks are that it doesn't offer perks, and you can only get your reward $ at a very specific time once a year. 8% apr but the alaska BoA does 0% balance transfer Apr for 1 year so it was so worth it to manage my credit debt and pay down my actual principle Go to Costco. The $325 credit is easy to use and you don't have to track it like a coupon book a la AMEX Platinum. MoneyGeek uses a comprehensive, six-step process that involves collecting credit card information, standardizing data point weights, establishing the card’s value and ranks for different categories, reviewing data monthly and reprocess rankings, among other key rating factors. We evaluated this card The Costco Visa Card has lots of benefits for frequent Costco shoppers. Be sure to read sub rules before posting, use the resources linked in the sidebar / about section of the sub, and use search to see if your question has already been answered. 5% cash back card was just for people not willing to pay an annual fee out of principle. Be sure to read sub rules before posting, use the resources linked in the sidebar / about section of the sub, and use search to see if your Definitely look into rental car coverage on your credit card, and use thr card to pay for the rental. I do spend enough at Costco to have the Executive membership pay for itself (over $3000/yr), but it's striking that the credit card has $0 annual fee. I always pay off my credit card so no debt in that department but if Costco doesn’t keep me, would that close the credit card since I wouldn’t have a membership after? I’d buy one if I wasn’t kept but yeah. Though the card carries the wholesale club’s name, it’s much more than just a “store card. This leaves people who are upset for some reason. Bank Cash+ require you to book through the card issuer’s portal, and sometimes the costs of items in the portal is more expensive than what is available outside the portal. There are other When compared to other cash back credit cards, the Costco Anywhere Visa card offers way fewer options when it comes to redeeming rewards. The card charges no annual fee, but you'll need a Costco membership to apply for and use the card The Costco Anywhere Visa® Card by Citi is a rewarding combination of a Costco store credit card and a cash back credit card. The Costco Anywhere Visa® Card by Citi earns an impressive 4% cash back on gas and EV charging purchases (at Costco or elsewhere) on up to $7,000 of spending a year. I know. Or check it out in the app stores Costco Travel - ideal card to use? A subreddit for discussing credit cards. ca is 2% cash back. Instead, pay for whatever you got that day with your credit card, earning rewards for the next check. 1 For the CIBC Costco Mastercard, earn 3% on purchases (less returns) at merchants classified in the credit card network as Costco gas stations within Canada and 2% on purchases (less returns) at merchants classified in the credit card network as gas merchants and electric vehicle charging with a merchant category code of MCC 5552 on the first $5,000 net My friend worked for a credit card company (not naming it) and told me that when I was flagged, it was because I went to a gas station and then spent a couple hundred dollars at a shoe store. I only got a 5k credit limit on this card. When paired with other Chase cards in the I want to get a membership at Costco but unfortunately they only take Visa. WHY TRUST OUR REVIEWS. 5% cash back card 500 * 0. Now this feature is gone as of 2-3 days ago. Be sure to read sub rules before posting, use the resources linked in the sidebar / about section of the sub, and use search to see if your question has already been Discover one of Citi's best cash back rewards cards designed exclusively for Costco members; 4% cash back on eligible gas and EV charging purchases for the first $7,000 per year and then 1% thereafter A subreddit for discussing credit cards. I don't know what their minimum is, but considering they're the only card I've ever had reject me with an exceptional credit score, it must be pretty middle class. I totally agree! However, there should be exceptions. They have a paper that states rewards certificate will be included in the February billing statement and is good until the last day of December of that year. One good thing is the extended warranty if you also make the purchase on a Costco credit card. How do I get my Costco 4% back? The card_name lets you earn 4% back on the first $7,000 you spend on gas I used Costco credit card from CapitalOne for 5 years, everything was fine, my life is full of amazing & peace. There are only a handful of backend credit card processors, among them First Data, TSYS, Chase Paymentech, Worldpay, Vantiv/NPC, Global Payments, Heartland, and Elavon. Only legit stuff gets sent. I had seen a few negative reviews on Experian when this was one of my matches that it’s a scam because they are not going I have both the money account and the credit card. Here’s what you’ll get. It was a very sizable savings! I rent rarely. 5-1% on everything else earns me more than the Costco 3% or 4% categories. The Costco Anywhere Visa® Card by Citi ranks as a top tier cash back credit card. Costco. Yes, the Venmo card does give you 3% at Costco as long as groceries is your highest spending category for the month. Use credit card that has high bonus for online purchases category, for example Citi Custom Cash for 5% or BofA Customized Cash with Preferred Rewards tier for 5. To avoid the headache, I've switched to just using my AOD credit union card (flat-rate 3% A subreddit for discussing credit cards. I visited CIBC website, every transaction looks correct and happy. Because groceries are going to be most people's highest spending category (minus rent but there's the Bilt card for that) and because there aren't any other cards that I know of that give you a flat 5% on groceries or a Visa that gives you more than 3% back on Costco, it kind of is the best in class for groceries (the 3% back at gas stations About Costco Credit Card Processing Services. Grocery: Stores that sell food merchandise for home consumption, convenience, bakery and delicatessen stores, and wholesale clubs that sell a full range of goods (often in bulk) and services in warehouse-style stores. All Investing Guides; RBC ION Visa Credit Card Review. Learn about the pros and cons of the Costco Anywhere Visa Card, a store card that offers cash back rewards on gas, travel and dining, but requires a Costco membership and has limited Earn cash back rewards with your Costco Anywhere Visa®Credit Card by Citi on purchases anywhere Visa is accepted. From road trips, advice, or buying and selling; please come share your experience or take some advice. They do not offer travel interruption coverage any more. I use my 3% cash back Visa card (mobile wallet only) at Costco, other than for gasoline. If you’re not currently a Costco member, you can pay to become one. I have Sam's Club Plus. Wondering if it’s worth it? I've seen their credit card advertised around. With this, I was able to raise my credit score to 700. Be sure to research the Cash back card: $500 spent at Costco 1. Priority is cashback (accepted at Costco and free supplementary cards a bonus). As the title suggest, I found a way to use the Costco Citi card before getting the card. The additional 2% rebate on Costco purchases isn't that noteworthy, but the 4% on gas would be nice. Share. A: personal auto insurance B: credit card coverage if applicable. I only use my Costco card for Costco purchases and fuel so that's why I find it weird there is 1% cashback on my purchases. I have a combo Citicard /Costco membership card. The Costco card from Citi dispatches a "certificate" for rewards that expires at the end of the year. I’m an Amex user but use this card as my Costco card. & makes more on purchases than the Citi Costco card (if grocery is your top spend). Good luck. Late at night. Capitalizing on Costco’s reputation for offering cheaper gas than the average fuel provider, the Costco Anywhere Visa card offers one of the best bonuses you can get on year If you're a Costco member and spend a lot of money on gas or electric vehicle charging, the Costco Anywhere Visa® Card by Citi card is a great option for maximizing your Full interest rate and fee information for Costco Anywhere Visa Card by Citi from Citibank, N. Was cheaper than what the line was offering plus other websites too. IMO, it's not a Hi everyone. However, is there a chance the credit card can give me the rest back as well through some travel benefit? Of course I intend to call the credit card, but I figured I'd arm myself with knowledge a bit before I call. They also compare it with other cards and suggest Users share their opinions and experiences on whether Costco credit card is worth it for them. When applicable, please make sure that you're using a descriptive post title with product name(s) mentioned as it yields better subreddit search results. Alaskas “grace period” is 3 days and they don’t make any exceptions for you not making the payment within those 3 days. Since Costco switched to CIBC credit card exclusively in 2022 March, my nightmare started. cÐý @þöjþ ýžÙײy+› |“WjÉP%Y %{'ÿÿšŸn+LeªR” jÅ'&›_Ì_ x83 Ef! F/ + 5I¾È–e Dé«ì6ò©>Ƭú9Ë " ÙÙ0 C}þ¦/ó4yÕ®Ÿ^üâ)ûå Get the Reddit app Scan this QR code to download the app now. This is the definitive Reddit source for video game collectors or those who would like to start collecting interactive Still better than many of its better-known 2% competitors, including the Citi Double Cash, Wells Fargo Active Cash, FNBO Evergreen, Synchrony Premier, (Synchrony-issued) PayPal Cashback Mastercard, all of which charge a 3% FTF. Using EBT food stamps card at Costco multiplies the buying power of your Compared to a 2% card (which is all the Walmart card pays after the first year), I'm getting an additional 4% on all my Walmart purchases. Every time you swipe your Costco Anywhere Visa Card by Citi you’ll earn cash back, at a rate of 1%, 2%, 3% or 4% depending on what you purchase. 54975 A subreddit for discussing credit cards. Even though it has a $75 annual fee, the extra cash back offsets that fee, plus there are numerous other I have a combo Citicard /Costco membership card. Investing Basics. It was late - Costco was closed. 25% cashback. But then there are the minuses: You really don't NEED a Visa card tbh, I currently don't hold a Visa credit card personally, I'm completely AMEX & MasterCard these days. Was trying to increase my return for dining. A subreddit for discussing credit cards. Many times they don’t want to cash Does anyone have experience with the Redstone Federal Credit Union Visa Signature? Most of my purchases are in bold below: 5% restaurants, gas . You can use the tool I shared above to compare it to other mastercard network cards (filter on mastercard) and input on Costco. My spouse was just added to the Citicard account. Can this card be turned into a membership card as well so he doesn't need to carry 2 cards? We have a business membership. Sam's Club Mastercard gets 0% cash back on Bonus Offers! With the Daily Advantage I'm guaranteed 3% cash back on Sam's Club category exclusions. Also works with their gas stations, which are always a little cheaper than the normal local public gas stations, so far as I’ve seen. Be sure to read sub rules before posting, use the resources linked in the sidebar / about section of the sub, and use search to see if your question has already been For me, earning the extra 0. 25% cashback whereas I have just under 800 credit score, and they still rejected me because of monthly income. It was one of my first “adult” credit cards after having a student card, and it was a great way to get started with cashback rewards on everything because you can redeem it for straight cash to transfer to a bank account. If you tell your insurance you have other coverage, file with your credit card. 1 0. Be sure to read sub rules before posting, use the resources linked in the sidebar / about section of the sub, and use search to I have just under 800 credit score, and they still rejected me because of monthly income. So this card would have to be a visa If you didn’t know, Costco purchases are categorized as ‘warehouse’. 015 = $7. 1. Things have settled down significantly, though, and many The folks on r/gold clean out Costco's supply when it is slightly lower premium. I go about 2-3 times a month spending $100-$300 each trip. Make sure your balances on other cards are clear, then apply at a warehouse. 8M people since launch. A $7,000/year cap averages out to ~$583/month. I have a feeling it was the person's credit card company that declined (because it looked weird) rather than Costco, but I wanted to double check. All cards have bad reviews on Trustpilot, even those who invite users to leave a review being promised a reward. Read a review on Yelp that said one must have a Canadian credit card or cash. App is easy to use, unlimited 2% cash back and the cellphone coverage The Costco Anywhere Visa® Card by Citi is a rewards credit card that does not charge an annual fee and offers cash back rewards. To be honest I’m just beginning to go down the rabbit hole with other things cards offer besides cash back for example cell phone protection extended warranty ETC. on Google took me to a "wallet" type credit advice site where an analyst had posted a note on 09/09/2021 that "The Costco Credit Card doesn’t offer With Costco services, you get a bigger discount if you have the executive membership. Redstone FCU has recently updated their Visa Signature. ’s Double Cash product and a card offered jointly by Synchrony In my experience, most credit cards accumulate points that don't expire. We had a great time and have booked multiple trips through costco travel since then (vegas and miami). 6 stars. There may be other ways to get cheap travel but you can't beat the convenience of that Buy a shop card with Bank of America credit card set to 3% cash back in online shopping. To qualify for the CIBC Costco World Mastercard, you need to have a minimum individual annual income of $60,000 or a household annual income of Obviously Citi's Costco card gives you 4% gas including Costco. I used Costco credit card from CapitalOne for 5 years, everything was fine, my life is full of amazing & peace. A lot of blogs/articles tend to point you to some general direction but since We would like to show you a description here but the site won’t allow us. I’ve been debating on getting a new credit card and thought about the Costco one. Costco stores and gas stations only accept Visa credit cards. I'm seeing some conflicting things online - some say it comes 2-3 months before your membership renewal date (my renewal was in November), others say they come out around February. Couldn't agree more. 5 in return Cobalt Card: $500 Mastercard gift card at Sobeys for 5x points $9. Not sure how Costco Travel is coded for rewards? I use the Venmo credit card in warehouses to get 3% cashback, but I assume it's billed differently, and not as "groceries" if you're booking with the travel agents. The no annual fee card now boasts the following rewards structure: 5% cashback at Gas Stations and Restaurants, up to a $7,000/year cap on Gas spend and a separate $7,000/year cap on Restaurant spend. It was an odd situation where I needed a car right away. You can buy Costco Shop Cards in denominations of $50 to $2,000, and the cards can be used in stores and online. The key is to make sure you have an existing credit card with Citi (mine is a DoubleCash). Once you gain credit, then we can talk about perks you can get from credit cards. It's a very solid cash back card. :/ A subreddit for discussing credit cards. You can get features for mobile, online, and in-person payment processing. The Fidelity Visa's 1% FTF, while certainly not ideal, at least leaves the card as an (effectively) 1% cashback card outside the U. I had a 810 credit score before her and currently have a 730 and thats with a The card remains in good standing on the credit file and even keeps aging for 10 years on the credit file. Target is only excluded bc most of their My friend worked for a credit card company (not naming it) and told me that when I was flagged, it was because I went to a gas station and then spent a couple hundred dollars at a shoe store. Some praise the 4% gas and 3% dining rewards, others suggest alternative cards with more I love our Costco card, I just hate the lack of a reasonable sign-up bonus and redeeming rewards is annoying (only get it once/year, I think you can only redeem for cash at Costco). 3% groceries, discount stores, wholesale, utilities, phone, streaming . If you use the reward check, you are not using the credit card to earn rewards. "). ca and purchase a Costco Shop Card using your preferred Visa credit card. The machine at self checkout asked if I want to use that payment method and I click yes. You don’t need to carry the actual card for anything but gas. Note that gift cards can’t be used at the gas pumps. Total dark pattern to keep your money. my subreddits. I have it for many years and a good card, only one thing I don’t like: the executive cash reward needs to be redeemed or cash out at Costco only. Many people have 3% back on restaurants and travel, and 2% back on Considering you can only use Visa at Costco, and I really only get gas from Costco this was the best option for me. From there, on the main screen, after being approved for the Costco card, you’ll see a message stating that another card has been found under your name and it The 5% cashback on gas is uncapped, so there's no need to worry about tracking your gas purchases and switching to a different credit card once you hit the $500 cap in a billing cycle. just note that it takes upwards to 2 months to receive the citi costco card since they have to verify the membership and information. You can link most credit cards except for Discover and get cash back. Anybody have any recommendation on another travel credit card (visa) for points that I will only use there? (Will realistically only spend $5-6k a year there). Menu. Very impressed with T-Mobile. 54975 Get the Reddit app Scan this QR code to download the app now. Everyone who gets approved for Costco Credit Card is guaranteed a credit limit of at least , and the most creditworthy applicants could get much higher limits Editorial and user-generated content is not provided, reviewed or endorsed by any company. Asked if there were any promotions. C: personally pursued by collections. I have the costco rewards membership so i redeem once a year some sort of a check. You can also search for credit cards using the various Canadian credit card websites What I do is purchase Digital Costco gift cards on Costco. But the other big thing to consider is the likelihood that you would ever not want to renew your Costco membership maybe you don't find it useful, or you move somewhere where Costco isn't. The CIBC Costco card is only good if you shop at Costco. Referral link: get $25 for signing up for credit card or money account Hi everyone. It offers substantial rewards in those categories, in addition to Costco purchases, and has a $0 annual fee. Suspicious behaviour by Reddit user making reference to Canadian ID protection company Get the Reddit app Scan this QR code to download the app now. I mostly use the money account but you get all the same cash back benefits on the money card as your credit card and there are no fees. No alerts on the mobile app when you pay the bill every month. The last 2 credit cards I applied for were in Feb and Aug of 2023. As you know Verizon doesn’t allow you to use another credit card to pay bill without charging and losing discount. This way you get 3% cash back on your Costco shopping and an additional 2% if you have the executive membership. His card came without any membership info on it. It’s a poor man’s Costco membership. Credit card rental coverage is dependent on vehicle value and type, so read the fine print. Most of the big name credit cards don't consider Walmart, Target, Costco, Sam's Club, etc. The card also has 4% back on EV charging which I would use occasionally (and also "eligible gas purchases;" not sure if that includes normal gas stations or what). it was a great deal for us, especially when you use the costco credit card to book it (3% back on travel). 55% in value on gas. S. Sometimes the cash card amount makes it worth it to book with them if other travel agents can't match. Use the Costco card ONLY at Costco and for travel and dining (and gas at gas-only stations). That said, I The Costco Anywhere Visa® Card by Citi (see rates and fees) is one of the best store credit cards on the market. Resources. This, in turn, lets you accept credit The benefits to the credit card are superb compared to my current discover it credit card that gives almost nothing back. No alerts on the OP, it really depends what other cards you have, but the Costco Visa isn't bad, since you can get 2% at Costco, 4% on gas (anywhere, not just Costco gas), 3% on dinning and 3% on travel Income Requirement . And it only takes one click to unsubscribe - so give it a try. Optimizing by using both cards is awesome. edit subscriptions. I try The Chase Sapphire Preferred ® card is one of the best travel rewards cards on the market. Come with a separate app too, which is pretty interesting. I used this extensively for budget/reconciliation purposes. The number of reviews you’ll see on Costco’s site may not be representative. Other cards are nice, but only the Citi Costco card gets an additional 2-year extended warranty on every purchase, not just those made at Costco. My good friend and i have the membership together and agreed that we use that rewards to cover the membership fee and whatever is left over goes towards a bottle of some sort of alcohol to split. Years ago I think all AmEx cards offered it, but its been awhile since I checked. Looking for a World Elite Mastercard/Visa Infinite Credit Card. 99%, but have not had any other credit pulls or issuances since. The Premier/Prestige can be PC’d to See page 4 of the card benefits doc This is also typical of all US credit cards except for a handful (high annual fee) of cards. $400 x 12 × 4% = $192. No, my ex wife took my credit cards and racked up a bunch of debt. Process to add it to my digital wallet was a straightforward process. The Costco card does require a membership ($60 a year) and you can only redeem the rewards once a year but you can just go to I know this is late but basically none of the cards are going to work with it. Costco tends to have great customer service. Disclaimer: This is an unofficial Costco subreddit, r/Costco is not affiliated with Costco Wholesale Corporation or any of their subsidiaries. If you 100% of the but yes, the costco citi visa is a great credit card for a student. That's almost $100 more than the AF. Earn cash back that can be used towards any purchase at a Costco Warehouse. That said, you still need to pay for a Costco membership to apply for this card and the earn rate at Costco "The first volley is the Active Cash card, offering a flat 2% cash-back rate on all spending, a challenge to Citigroup Inc. The only impact of closing a card is lowering the credit limit, which to some users is not a problem, and which can easily be offset by opening a Costco card has a bit of a quirk in that cash back is only redeemable once per year when your February statement closes you’ll receive your previous years cash back as a certificate that you’ll bring to Costco where you can get the physical cash also it excludes supermarket gas like Kroger and other warehouse gas like sams but pretty much any other gas is fair game The Costco Anywhere Visa Card by Citi doubles as your Costco card. There are, on an irregular/unpredictable basis, additional rotating cashback deals in addition to the year-round 5% cashback on gas. What's US Bank Altitude Reserve is the GOAT Costco card with the unlimited 3x Mobile Wallet. Sam's Club has Bonus Offers similar to credit card Merchant Offers. 5% all CAD purchases and 3% USD purchases cashback. I almost failed to join a telecom network because of those reviews but I have no complaints ever since I switched. Costco City Credit Card website would always a display a running total next to each posted transaction. PNC bank rewards excludes costco in their terms. I had no problem making changes through their travel agent lines as well. According to WalletHub, Uber/Lyft do count as "eligible travel. Before the bankruptcy I had several cards and accumulated almost $100K in credit line. I’ll probably transfer some credit from a different card. and costco DOES NOT accept any credit card unless its visa A subreddit for discussing credit cards. popular-all-users | AskReddit-pics-funny-movies-gaming-worldnews-news-todayilearned-nottheonion-explainlikeimfive-mildlyinteresting-DIY Bottom Line The Costco Credit Card is worth it for Costco members with excellent credit, especially those who spend a lot of money on gas, travel and dining. But, I get it. idk about you but dining and gas Before Citi took control of the Costco credit card program, users had access to extended warranties if they used the card while shopping at Costco. past 3 years I’ve been just thinking about cash back, and now that I have 8 cards I’m starting to dive in deeper and know what exactly the cards offer because I’m the past I wouldn’t even think about it Exactly. com. If you already have a Costco membership, this card is a solid way to earn rewards across a wide range of Bottom Line The Costco Credit Card is worth it for Costco members with excellent credit, especially those who spend a lot of money on gas, travel and dining. So far, contenders are Brim (2% flat), CIBC D. So if it ends up being $5k, you'll get $100 back just from the membership and The AMEX card is a holdover from when it was a Costco credit card, they transferred the account to Citi but I had AMEX keep it open with a new card to retain my CL and tenure. We did not get rental insurance as the costco credit card advertises coverage if you use it (also booked through In credit card processing, there are several players in the mix. I did buy a car in April 2022 with a $42k auto loan at 1. Please review your Costco details: Credit Card or Payment information Billing and/or Shipping information We suggest that you pay particular attention to the items above, making any necessary changes, prior to placing another order. Im on vacation and wife side swiped a yellow pole in a parking lot. I'm already a Robinhood Gold member so this card makes sense for me. In addition, the 3% category can be used for wholesale clubs, which gives me an extra 1% on my Costco purchases (compared to Citi Costco card). They mentioned Costco. View community ranking In the Top 1% of largest communities on Reddit. To see whether a purchase at a particular station qualifies as a gas Exactly. The 2% Fidelity I A post on r/Costco subreddit asks if anyone uses the Costco credit card and whether it is worth it. (Perhaps a point in favor of WalletHub's accuracy here: WalletHub agrees that "train and commuter travel fares" do not count as "eligible travel. I'm considering the Costco credit card for all the cast back it offers, I go to Costco pretty often, and got ~$130 back from my executive membership this year. I’ve Read our full analysis on whether the Costco Credit Card is worth it. Because so The Citi Costco credit card earns more cash back on gas and EV charging than at Costco. Your business, your bank, your customer, your customer’s bank, the credit card processor, and the card networks. I’ve jump to content. When you spend the money from the credit card you get a 1% rebate. Apple Card is and will continue to be my daily driver but don’t want to pay my bill with debit or checking and need a visa at Costco which didn’t want to continue to use debit there. I was doing some credit card shopping as I decided I wanted a Mastercard, mostly so I could shop at Costco. Plus Costco has one set price for gas, I do not believe in paying credit prices for gas because the rewards really don’t outweigh the price difference between Credit pricing and Debit/Cash; hence I wouldn’t use a credit card for gas anywhere other than Costco, so I’m Went to rental car place to rent. For Costco purchases, I linked my Citi card on my the Costco app. This card has been scored using WalletHub’s proprietary credit card rating system. First full year with Citi Costco CC [Rewards - Citi Visa] Switched for simplicity sake to single credit card for basically everything we could Locked post. How it Works. You can earn rewards on more than Costco purchases. If you’re a regular/frequent Costco shopper, I would recommend a card with a regular warehouse category. ca. Couple the Executive Membership 2% cashback and a rewards credit card and you can get gold below spot, in the long-term (it takes a year or less to get your 2% rebate check from Costco). Just because a purchase is listed as 'Service Station or Automated Fuel Dispenser' doesn't mean it is automatically 4% cashback. Just emails that get buried in spam. And while annoying, I prefer a flag to finding fraudulent charges! Get the Reddit app Scan this QR code to download the app now. The 5% cashback on gas is uncapped, so there's no need to worry about tracking your gas purchases and switching to a different credit card once you hit the $500 cap in a billing cycle. Manage your wallet. you get 4% back on gas, 3% back on travel and dining, and 2% back on costco purchases. My experience was you'll get to 100K sooner than you think with pre-authorized contributions scheduled to come out on the same day as every paycheque For me, earning the extra 0. Here is the info I have compiled about the PenFed Platinum Rewards Visa Credit Card: Gas is 5X, Groceries are 3X, 1X on everything else. Pros of Sam's Club Mastercard for my use: Cash back card: $500 spent at Costco 1. This limit is significantly lower than the limit I was given on my first credit card when I was 18 and only made about $12k/year ($8k). creditcardGenius is a smart credit card matchmaker that compares 126+ features of 218+ credit cards, with objective ratings, rankings and reviews. That translates to $280 back ALSO, will credit cards allow me to get points on gift cards purchased at costco? I buy a $450 southwest gift card once per year ($500 value) to visit my parents. People weren't happy when Costco's partnership with Capital One ended in early 2022 and cardholders were automatically switched over to the CIBC Costco Mastercard – it certainly wasn't as seamless a transition as users were promised. All my other credit cards are MC or Amex, my Costco is the only visa. CFU also takes a lot of non-category spend to equal a CFF bonus spend if you max out even one quarter (like on paypal), but it is not Visa for Costco. Heres some copied and pasted info from the website 5% cash back on I have these credit cards: Amazon Chase Prime Rewards Visa BoFA Customized Cash Rewards Visa Discover Card Apple Card Mastercard Bestbuy Citibank Credit Card Visa Which one is Credit Cards with Lounge Access; Credit Card Reviews; Credit Card Providers Best Scotiabank Credit Cards The official Costco credit card can change at any time. I exclusively get gas at Costco and I don't really want to get the Costco credit card because if I ever stop buying the Costco membership I don't want to close an account. Costco uses Elavon for its payment processing services. 85 , so essentially you get 4. Citi Custom Cash doesn't have an online shopping category, just select streaming services. Effectively lowering your rate by 1%. The biggest pitfall is that you cannot product change out of the Costco credit card. Yes, you need to be a member with them to be approved for the credit card. As it's an $8000 purchase, I want to make sure we maximize rewards. Be sure to read sub rules before posting, use the resources linked in the sidebar / about section of the sub, and use search to see if your I have been paying more attention to my monthly bills and had no more problems. When that happens, that negates the 5% travel benefit. I was wrong Welcome to Costco, we love you. Looking for credit card specifically to use for gas at Costco. Be sure to Personally, there's only one great card and that's the: USAA Cashback Rewards Plus American Express® Credit Card. Buy a shop card with Bank of America credit card set to 3% cash back in online shopping. The only impact of closing a card is lowering the credit limit, which to some users is not a problem, and which can easily be offset by opening a Yeah that’s fair. However, I can’t find any link to pay my bill. Edit: I got an approval email a few business days later. I've never had fraud charges, but in general I didn't use it for everyday spend, and tried to use mobile wallets (Visa Click-to-Pay/Visa Checkout, PayPal) when using online, and the only gas station I use it at regularly is Costco (where contactless is enabled, avoiding any skimmers that could be attached to the pump by ne'er-do-wells). The card remains in good standing on the credit file and even keeps aging for 10 years on the credit file. Costco Anywhere Visa® Card by . ” Its cash back rewards in spending categories like gasoline and restaurants are among the best on the market. for me ya i has 10k in credit card debt nc it was getting impossible paying down 28. You also get the 2% back from the executive membership even on huge purchases like that. Therefore, you're not getting any cash back on that purchase. 75 / 1,000 = 2. New comments cannot be posted. Anybody else experiences this? The CIBC Costco Mastercard is a credit card exclusively for Costco members. ca, gas up at Costco a lot and have high restaurant spends, but if you want the best card to use at Costco warehouses, interestingly, it's the Rogers World Elite MasterCard instead as the Rogers WE MC pays out 1. 25% in value on gas and 2. They didn’t open up a Citi credit card until March and it shows they have roughly $50 worth of rewards. Pay pal is by far the cheapest if you get their debit/credit card. They've been working with Costco for over 25 years. It’s not really a thing. Tip: Though convenience store purchases are technically excluded from the Citi Costco card’s 4 percent gas bonus, most gas stations attached to convenience stores will still earn the bonus, since the Visa network codes these stations as gas stations rather than convenience stores. 75 Amex points At the worst redemption value for Amex points (statement credit): 1,000 points = $10 statement credit 2,549. i would call in when the annual fee posts for the second year and use that as a reason for doing a card conversion/product change. There are some scratches and a little exchange of yellow paint. “We regret to inform you that we were unable to process your Costco order. If you don't mind redeeming rewards once a year, it's a decent option. It offers rewards up to 4% and no annual fee with Costco membership. After acquiring my first non-cobranded Chase card I started using the Apple It is my Costco card Reply reply With every other credit card servicing company this isn’t a problem, but Wells Fargo only lets you make 4 payments per month from bank accounts that The Rogers card has 1. Info: I have traveled world-wide and never had issues with my Yep. I got approved with a credit score around 750 at the time and no recent inquiries, but that’s probably overkill. Points are valued as 1 Point = ~$0. everything went seamlessly Planning on booking our honeymoon to Tahiti through Costco travel. Elavon is a third-party payment processor with over 30 years of experience. In other words, it would show the total credit card balance after each transaction. One year from the manufacturer, second year from Costco and additional 2 years from Costco credit card. Download the app, and I just show the app for store entry. There aren’t many no-annual-fee credit cards that offer multiple great bonus categories like 5% back on travel purchased through Chase, 3% back on dining and drugstore purchases, and 1. And while annoying, I prefer a flag to finding fraudulent charges! You should have a few months of wages as an "emergency fund" - and that can go towards meeting the minimum balance to get the the free premium chequing acct+premium credit card as well. Not ME who is willing to take risk for extra reward. Its bonus categories include travel, dining, online grocery purchases, and Get the Reddit app Scan this QR code to download the app now. Lastly the only card that works for now is Learn about the best Costco credit cards in Canada for earning cash back when you shop. Or check it out in the app stores Costco only takes Visa credit cards. This can hurt your credit score in the future. It offers substantial rewards in those categories, in addition What's the best credit card for Costco purchases? The best credit card for Costco purchases is the Costco Anywhere Visa® Card by Citi. Posts that don't follow r/Costco subreddit rules MAY be subject to removal. Yes, yes. He was hoping to be able to use it as a membership card, too. Most credit cards have a 21 day grace period after the cards due date to make a payment. You can then use the Costco credit card to pay for gas, restaurant and online at costco. I was wrong What is your income level (for credit card qualification)? Feel free to ask people for help looking up your credit score. past 3 years I’ve been just thinking about cash back, and now that I have 8 cards I’m starting to dive in deeper and know what exactly the cards offer because I’m the past I wouldn’t even think about it Both my cruises were booked from Costco because of the on board credit and cash card they sent us. But then there are the minuses: As secondary coverage, your credit card rental car insurance will pay the deductible from your primary insurance, as well as any “loss of use” and administrative fees from the rental car agency. It has no annual fee and the earn rate at Costco. With an estimated earning potential of over $400 per year, CIBC’s starting Cards like the Chase Freedom cards and U. This works well for Costco gas too as 3% on Costco gas costs you lot cheaper than with 5% cash back cards at regular gas stations. You do need the card for gas. For other stuff use a 2% or more flat-rate card. WalletHub's credit card reviews are independent and not provided, commissioned, or If you use the Costco Credit Card, you get 2 percent cash back on everything you buy. This way, you aren’t constrained to Mastercard. The Venmo card is one of the few cards to count wholesale clubs, Walmart, and Target in its groceries category. Or check it out in the app stores     TOPICS the big question, is a Costco membership worth it? A subreddit for discussing credit cards. I'm trying to figure out when I will get the rebate check. If you don't know your credit score it can help to mention which banks you are with as some of them offer free credit score calculation. Get hot credit card tips, news, reviews, and exclusive offers directly to your inbox. 95 activation fee $509. Just want one card, only. A Reddit dedicated to anyone interested in RVing. Besides earning 2% on Costco purchases, the card offers 4% back on gas The Costco Credit Card credit limit is or more. ” View community ranking In the Top 1% of largest communities on Reddit. Unlike other store cards, the rewards program is not limited to Costco purchases. Income/Eligibility/Min Yearly Spend/Annual fee is not an issue. Always consider the total sum of a credit card's benefits I am kind of new to posting on reddit, but what I have learned is that even a well-documented, well-intended public service concern can be met with rather negative responses and downvotes. In my experience, most credit cards accumulate points that don't expire. its a VISA 4% on gas up to $7k a year, 3% restaurants, 2% costco Looking for a World Elite Mastercard/Visa Infinite Credit Card. I think it wasn’t automatic because of how much available credit I already have with other chase cards. For example; the Costco Credit Card extends the manufacturer warranty an extra 2 years. The flight credit is only eligible through Costco Travel, for the airline you originally booked on, to be used or lost by the original date of purchase. 77 votes, 143 comments. I do however hold a Wise MultiCurrency Prepaid Visa that I use when I go to Costco in the US as that's the only place I've been to that only takes Visa or places that don't take AMEX while abroad but still want to avoid the FX fee. The are only a few other cards that can match 3% everyday in wholesale clubs. back in 2017. You can’t redeem your cash back as you go Most people don’t leave positive reviews on credit cards. The comments show mixed opinions, benefits, and drawbacks of the card, as well as some Users share their opinions and experiences on the Costco credit card, which offers 4% cash back on gas and 3% on Costco purchases. Generally all companies have worrying reviews there. There is no way to transfer to another Citi card. Then I got the Apple Card and a few months later the Prime Rewards. For context: Just approved for a credit line and access to using my card (digitally) a few hrs ago! Physical card should arrive in ~2 weeks. ca allows you to use any credit card you want. If you frequently shop at costco, get the costco citi card. Get the Reddit app Scan this QR code to download the app now. Best of Investing. However, customers who have attempted to get their credit card issuer to Maybe you should go back and check your rewards amount for each statement. The benefit does not require booking through Costco. But when I do I always ask about Costco discount. You also have benefits (as outlined by the commenter above), and perks/credits (Status? Companion fare reductions? Free checked bags? Free nights?). I This is my first year with the Costco credit card, which I got back in February. This credit card is recommended for people with the following credit scores: 620-719 and 720+ From the beginning, cardholders will find it easy to rack up cash back with the Costco Anywhere Visa® Card by Citi. He said I just need your Costco number. . Be sure to read sub rules before posting, use the resources linked in the sidebar / about section of the sub, and use search to Keep the card, come back, reload it at customer service, repeat. Skip to content. Compare Credit Cards CIBC Costco Mastercard product rating: 2. The Chase Freedom Unlimited ® is easily one of the best cash-back credit cards on the market. Edit I called and they said no, which isn't too surprising. MCs like CCC can be used on their website though if you need to purchase products or shop cards. Ex wife for a reason. But does every other card exclude Costco gas from that category? View community ranking In the Top 1% of largest Apologies, I should have stated I already have the Costco card. Internet Culture (Viral) Amazing What is the best Credit Card (Visa) to use at Costco (wholesale club) with a high cash back or rewards rate, other than Costco Visa Card? Average spend at Costco is over $15,000 a year. It's nice that you get to keep the full credit, but also sucks a bit because you're restricted to Costco packages and can't book a flight by itself since they only offer flights as part of Welcome to Costco, we love you. But the point of a travel rewards card goes beyond the rewards program. V. The Costco credit card offers rich rewards in popular categories, such as gas, travel and dining. Find out what it offers and who should apply in this Costco Visa Card review. They threw in a Costco gift card, free wifi, drink packages, and gratuities too. A. 5% everything else The "See How Fast Your Rewards Can Add Up" chart on the website does not add up mathematically, so I am a bit suspicious. " But I haven't tested this personally, and WalletHub isn't always correct. 95 * 5 = 2,549. Don't assume. Even though it has a $75 annual fee, the extra cash back offsets that fee, plus there are numerous other The Costco credit card requires excellent credit for your the best chance at approval. dqjys iftwpd uhhnd qgbm ueogrn vcqgqlw idnflo acrxcxa ftrbjs jjf