Costco Anywhere Visa Business Card by Citi Review: Should You Get It?
- Credit needed: 720-850
- Earning rate: 4% cash back on eligible gas*, 3% on eligible restaurants & travel, 2% at Costco & Costco.com, and 1% on all other purchases
- Annual fee: $0
Full Answer
What qualifies as a good credit score?
a 700 credit score will still qualify you for better deals on credit cards, personal loans, mortgages and other types of credit, but it won't give you access to the same types of terms someone with very good credit, or a credit score above 740, would have.
Is Costco credit card worth it?
Yes, it's worth it. Restaurants/Fast Food...3%, travel 3% (AirB&B, airline tickets, car rental, etc.)..no other card really offers those things, at least in one card. Plus 4% on gas (and usually purchases inside non-costco gas station mini marts will count as gas).
What's the best credit card for Costco?
Here are the best credit cards for shopping at Costco warehouses. Costco Anywhere Visa® Card by Citi. See our methodology, terms apply. ... Chase Freedom Unlimited®. Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back. Wells Fargo Cash Wise Visa® card. See our methodology, terms apply. ... PenFed Power Cash Rewards Visa Signature® Card. ... Chase Sapphire Preferred® Card. ...
Is visa accepted at Costco?
Visa credit and debit cards and the Costco Anywhere Visa® Card are accepted at Costco locations, costco.com, and Costco gas stations. MasterCard is not accepted at Costco stores or gas stations. Costco has an exclusive deal with Visa only to accept their cards on site. If you need to use a MasterCard, you will need to shop on costco.com.
What is the minimum credit score for a Costco Visa?
You must have excellent credit to get approved for the Costco Anywhere Visa® Card by Citi. That generally means a credit score of 720 or above. Is the Costco Anywhere Visa the best credit card for gas? If you want rewards that are more flexible than Costco rewards, see our top picks for best gas credit cards.
Is it hard to qualify for Costco Citi card?
Applicants need to have excellent credit to qualify for the Costco Anywhere Visa® Card. The exact credit score required varies, but a very good credit score ranges from 740 to 799 and excellent credit is 800 and higher, according to Experian.
What credit bureau does Costco Citi card use?
The credit score and report information provided by Citi to Costco Anywhere Visa Card owners is sourced from Equifax, one of the three major credit reporting bureaus used by lenders and other sources of credit in the United States and internationally.
Do they run your credit for a Costco card?
(You'll need an excellent credit score to qualify for the Costco Anywhere Visa Card by Citi. Find out where your credit stands by looking at two of your credit scores free on Credit.com.) If you and your family frequently eat out, Costco restaurant gift cards offer great savings.
Why is the Costco credit card so hard to get?
Unless your credit score is 750 or higher and you have a lot of income, it will be difficult for you to get approved for the Costco Credit Card. In order to get the Costco Credit Card, you will have to meet the credit score requirement, have a steady income and be at least 18 years old.
How long does it take to get approved for a Costco Visa?
seven to 14 business daysHow Long Does It Take to Get a Costco Card? You may receive approval in seconds after applying for a Costco credit card. You'll first need a Costco membership, but that usually doesn't take more than a few minutes to sign up for. Once approved, the card should arrive in seven to 14 business days.
Who does Citi Costco pull from?
When you apply for the Citi Costco credit card, all three major credit bureaus (Equifax, Experian, and TransUnion) may be used to review your application.
What is the minimum credit score for a Citibank credit card?
You need a credit score of at least 700 for a Citi credit card in most cases. That means applicants for Citi credit cards need at least good credit to be approved.
What do you need to qualify for a Costco card?
However, the stores are for members-only and shoppers must qualify for membership to gain access to the bargains. You have to be employed in, or retired from, particular fields in order to gain entry to one of the most popular VIP shopping clubs in the world.
What is the limit of Costco credit card?
If you shop often on the online Costco website, this is a card to have in your wallet. Again, there is an annual limit of $8,000 for Costco.ca purchases (beyond that, you'll get 1%).
What is the limit on Citi Costco card?
The starting Costco Credit Card credit limit is at least $500; everyone who gets approved for this card is guaranteed this limit. However, depending on your credit standing, you could get a much higher credit line.
What credit score do you need for a Amazon credit card?
You must have a good credit score of at least 670 to be considered for either of the co-branded Amazon Signature Visa cards. Amazon also offers two store-only cards that are not credit cards and can only be used for purchases on Amazon.
What credit score do I need for a Sam's Club credit card?
700The credit score needed for the Sam's Club® Credit Card is at least 700. That's in the “good” credit range but barely meeting a card's minimum requirements is far from the ticket to high approval odds. You'll need income to make your payments, and the issuer will look at several other factors, too.
What credit bureau does Citi use?
ExperianExperian is the most commonly used source that Citi will draw a report from, but there's no guarantee that they won't decide to pull a different or additional report from another reporting agency. If you're not certain your score is good enough to be approved, you can work on improving your credit.
What credit score do you need for a Walmart credit card?
640+Here's what you need to know about the Walmart Credit Card credit score: Both the Walmart Credit Card and the Walmart® Store Card require fair credit for approval. That means a score of 640+. The Walmart Credit Card can be used anywhere Mastercard is accepted.
What credit score do you need for a Amazon credit card?
You must have a good credit score of at least 670 to be considered for either of the co-branded Amazon Signature Visa cards. Amazon also offers two store-only cards that are not credit cards and can only be used for purchases on Amazon.
What credit score do I need to get a Costco card?
The Costco credit card credit score requirement is 750 or above, as applicants need an excellent credit score to qualify. That’s the case for both the Costco Anywhere Visa® Card by Citi by Citi and the version for small business owners.
How much cash back do you get on Costco?
Cash back on popular spending categories: You’ll earn 4% cash back on certain categories. You’ll also get 3% at restaurants and on eligible travel expenses, along with 2% at Costco and Costco.com, and 1% on all other purchases. Rewards get delivered once a year in the form of a certificate included with your February billing statement, and you have a year to redeem.
What do I need to get a Citi credit card?
In particular, you need enough income to pay the monthly bills, along with your existing debts. You’ll also need a valid Social Security number (or ITIN) and U.S. mailing address.
Why do credit cards base their approval decisions on applicants' credit history?
All business credit cards base approval decisions on applicants’ personal credit history because it tends to be longer and more predictive. They don’t ask for your Social Security number for nothing! Income & assets are your friends. Income and assets speak to your ability to pay a new credit card’s bills.
Is Costco credit card worth it?
Yes, the Costco Credit Card is worth it because it gives 1 - 4% cash back on purchases, you can use it anywhere Visa is accepted, and there’s a $0 annual fee. So, it’s pretty much a must-have for Costco members, if you can get it. You need excellent credit (a s. core of 750+) to qualify. … read full answer.
Does Citi credit card lower credit score?
Also, keep in mind that applying for a Citi or any other credit card triggers hard inquiries and can temporarily lower your score - the more inquiries over a short period of time, the more damage to your score. So it’s best to know where you stand before applying for any credit card.
Is Costco credit good?
Editorial and user-generated content is not provided, reviewed or endorsed by any company. The Costco credit score requirement is “good”.
What does it mean to get pre-approved for a Costco credit card?
Getting pre-approved for a Costco Credit Card indicates that your chances of being approved for an account are very high, should you decide to apply. It does not mean that approval is guaranteed. How to Check for Costco Credit Card Pre-Approval Online. Click “See If You're Pre-Qualified” on the Citibank website.
How old do you have to be to get a Costco card?
The main Costco Credit Card requirements are that an applicant must be at least 18 years old with a valid Social Security number or Individual Taxpayer Identification number. Applicants must also have a physical U.S. address, enough income to make monthly minimum payments, and Excellent credit.
Why do credit cards base their approval decisions on applicants' credit history?
All business credit cards base approval decisions on applicants’ personal credit history because it tends to be longer and more predictive. They don’t ask for your Social Security number for nothing! Income & assets are your friends. Income and assets speak to your ability to pay a new credit card’s bills.
Which is the best cashback card?
You can get one of the best cashback cards on the market, Citi Double Cash Card , if you have at least good credit. Other cards that require at least good include Citi Simplicity Card, Citi Diamond Preferred and the Citi Rewards+ Card.
Do I need good credit to get a Citi card?
That means applicants for Citi credit cards need at least good credit to be approved. But it really depends on which card you’re after. Some Citi credit cards require higher scores, and one ha. s no minimum score at all. … read full answer.
Does Costco affect credit score?
Costco Credit Card pre-approvals do not affect your credit score, as they’re done using a soft “pull,” or inquiry. But if you decide to submit an application for the Costco Credit Card, Citibank will conduct a hard inquiry, which will lead to a slight, but temporary decrease in your credit score.
Does Costco have a pre-approval?
Yes, the Costco Credit Card does have pre-approval. Citibank has an online pre-approval page where potential applicants can quickly check their odds of approval for certain Citibank credit cards before they actually apply for one.
How much does Costco membership cost?
An annual membership for Costco costs $60 or $120, depending on which tier you want. If you’re going to shop at Costco and pay that fee regardless, it may not bother you. But if you’re paying the annual membership fee just to carry the card, it may not be worth it.
What happens if you close a Costco card?
If you close the card or your Costco membership, you’ll forfeit any cash back you earned for the year. You’ll also get purchase protection and extended warranty coverage. The card has a variable 15.24% APR on purchases and balance transfers.
Can you redeem a Costco certificate for cash?
And instead of getting a statement credit or a direct deposit to your checking account, you’ll receive a rewards certificate, which you can redeem for cash or merchandise at Costco warehouses in the U.S. These extra hoops may make some cash back enthusiasts run the other direction.
How much does Costco membership cost?
There's no annual fee for the card, but you must be a Costco member to apply, and membership starts at $60 a year.
How often can you redeem Costco rewards?
The bottom line: Costco loyalists can rack up some nice rewards with this card, but you'll only be able to redeem them once a year — and you'll have to go to a physical Costco store to do it.
Does Costco give discounts?
Costco members can turn their everyday spending on gas, travel and dining out into rich rewards at the wholesale club, but you won't get big discounts at the store itself.
What credit score is required for the Costco Anywhere Visa® Card?
The exact credit score required varies, but a very good credit score ranges from 740 to 799 and excellent credit is 800 and higher, according to Experian.
What credit card offers collision damage waiver?
And if you want a travel credit card, there are plenty of alternatives with more robust perks, such as the Chase Sapphire Preferred® Card, which offers auto rental collision damage waiver, baggage delay insurance and trip delay insurance. (Read CNBC Select’s Chase Sapphire Preferred® review .)
Does Costco have a Visa card?
Costco has inspired a cult-like following with shoppers dedicated to the bulk discounts, Kirkland products and low-cost rotisserie chicken. If you count yourself as a loyal Costco consumer, you’ve probably been asked to apply for the Costco Anywhere Visa® Card by Citi at checkout.
