2024.10 Replace: This card doesn’t have any welcome provide more often than not. At the moment 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 overseas transaction charge.
Disadvantages
- You have to have an lively Costco membership in your title. We could cancel your Card Account and participation on this program if you don’t keep your Costco membership. You have 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 durations 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’ll be able to redeem them for money at Costco, it’s nonetheless slightly painful.
Really useful Software Time
- [8/65 Rule] You’ll be able to apply for at most 1 Citi card each 8 days, and at most 2 Citi playing cards each 65 days, whether or not accredited or not.
- Citi values the variety of latest onerous pulls rather a lot, we advocate you apply when there’s lower than 6 onerous pulls prior to now 6 months.
- We advocate you apply for this card after you may have a credit score historical past of not less than one 12 months.
Abstract
This can be a nice no-annual-fee cashback card! Amongst no-annual-fee playing cards, the 4% cashback price on fuel (together with Costco fuel) is at present one of many highest. The three% cashback on eating and journey can also 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 best ways to get it’s by product altering or downgrading, moderately than making use of instantly.
Notice that though this can be 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 Bank Altitude Reserve (UAR) affords as much as 4.5% rewards when utilizing Apple Pay/Android Pay at Costco. The Chase Freedom Unlimited (CFU) provides 1.5x UR factors on all purchases, which is roughly a 2.4% return price. Playing cards just like the Fidelity Rewards, which provide 2% cashback on all purchases, can be utilized at Costco and supply the identical return price as this card.
It’s price noting that you could be a Costco member to use for this card, and the membership charge is both $60 (no further cashback at Costco) or $120 (with a further 2% cashback at Costco). In the event you’re not already a Costco member, is it price getting one only for this bank card? In all probability not, as the cardboard’s advantages aren’t excellent if you issue within the $60 membership charge. However you can attempt a 12 months of membership to see should you change into a Costco fan!
