No, the Costco credit card does not have an annual fee.
However, there are some conditions to keep in mind.
You need to be a Costco member to apply for the card, and while the membership itself has a fee, the credit card itself is free of annual charges.
This makes it an attractive option for regular shoppers at Costco who want to earn rewards on their purchases.
The Costco credit card, officially known as the Costco Anywhere Visa® Card by Citi, offers various benefits including cashback rewards on purchases.
For example, you earn 4% cashback on eligible gas purchases and 3% on dining and travel.
These benefits can quickly add up, especially if you frequently shop at Costco or dine out.
Moreover, the card has no foreign transaction fees, which is great for travelers.
In summary, while there’s no annual fee for the card itself, remember that a Costco membership is required.
This membership comes with its own costs, but many find the savings at the warehouse club outweigh the membership fees.
It’s a smart choice for those who regularly shop at Costco and want to maximize their savings.
Does the Costco credit card have a grace period for payments?
Yes, the Costco credit card typically has a grace period for payments, allowing you to avoid interest on purchases if paid in full by the due date.
Can I use my Costco credit card anywhere?
Yes, the Costco credit card can be used anywhere Visa is accepted, not just at Costco locations.
What rewards do I get with the Costco credit card?
The Costco credit card offers rewards such as 4% cashback on eligible gas purchases, 3% on dining and travel, and 2% on purchases from Costco.
How do I redeem my rewards?
You can redeem your cashback rewards once a year when you receive your annual reward certificate from Costco.
Is there a limit to how much cashback I can earn?
There are no limits on the cashback you can earn, but certain categories may have caps on the percentage of rewards.