Please ensure Javascript is enabled for purposes of website accessibility

This device is too small

If you're on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience.

Skip to main content

Costco Business Card Review: Bonus Cash Back on Your Business Spending

Many or all of the products here are from our partners that pay us a commission. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page.  Citi is an advertising partner of The Ascent.

If you're a business owner who does quite a bit of shopping at Costco, then you could get a lot of money back with the Costco Anywhere Visa® Business Card by Citi, an advertising partner with The Ascent. This card offers several bonus categories that make it great for earning cash back, and it won't cost you anything extra. To see if you should apply, check out the good and the bad of this card in our Costco Anywhere Visa® Business Card by Citi review.

  • The gas cash back, alone, makes this a winner. The premium cash back for restaurants, travel, and Costco purchases make it hard to beat, even more so for Costco members.

    • Gas rewards
    • Costco rewards
    • Travel and dining rewards
    • Purchase protections
    • No foreign transaction fee
    • No sign-up bonus
    • No 0% intro APR offer
    • Difficult cash back redemptions
    • Discover the only business credit card designed exclusively for Costco members
    • 4% cash back on eligible gas for the first $7,000 per year and then 1% thereafter
    • 3% cash back on restaurants and eligible travel purchases
    • 2% cash back on all other purchases from Costco and
    • 1% cash back on all other purchases
    • No annual fee with your paid Costco membership and enjoy no foreign transaction fees on purchases
    • Whether you're traveling for business or pleasure, enjoy no foreign transaction fees on purchases
    • Receive an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico

Full Costco Business Card review

This credit card is a good fit for: Business owners who shop at Costco and want to earn some of the top cash back rates on the market.

Top perks

Up to 4% back

The Costco Anywhere Visa® Business Card by Citi earns the following cash back rates:

  • 4% for eligible gas spending worldwide, including gas at Costco (applies to the first $7,000 spent in this category per year)
  • 3% on eligible travel and restaurants (including purchases made through Costco Travel)
  • 2% on all other eligible spending through Costco or
  • 1% on all other eligible spending

Some credit cards earn more back on either gas and groceries or travel and restaurants, but not both. With the Costco Anywhere Visa® Business Card by Citi, you won't need to choose, because it earns ample cash back in all those categories.

No annual fee

This is a no annual fee card, although you will need to pay an annual fee for a Costco membership. One extra perk of having a Costco credit card is that you can carry that instead of your Costco membership card.

No foreign transaction fee

You can use this card anywhere in the world without paying an extra fee.

Damage and theft purchase protection

Your Costco Anywhere Visa® Business Card by Citi may cover repair costs or refunds if eligible purchases you make with the card are damaged or stolen. The card's purchase protection lasts for 120 days from the date of the sale (or 90 days for residents of New York).

What could be improved

Rewards for Costco purchases

While the cash back this card earns is a plus, it does fall a bit short when it comes to the percentage you can earn at Costco (besides the store's gas stations) and For a store card, 2% back at the store itself isn't the best.

Learn more: Best Rewards Credit Cards

Sign-up bonus

Sign-up bonuses are a popular incentive many credit cards offer to new clients, but the Costco Anywhere Visa® Business Card by Citi doesn't have one.

0% intro APR intro offer

Some business credit cards have 0% intro APR offers, which are useful for clients who have expensive business purchases they need to pay off over time. With this card, you'll pay the standard interest rate from the beginning.

One annual cash back distribution

A potential frustration is that you can't just redeem your cash back at any time. Instead, you'll receive your cash back for the prior year after the close of February's billing cycle. Most cardholders get a reward certificate, although Citi and Costco reserve the right to send cash back of over $10,000 through alternative methods.

You can use your reward certificate for cash back or to purchase merchandise. The certificate is good until Dec. 31 of the year you receive it.

This method of receiving cash back is obviously less convenient than redeeming it online whenever you have enough for the redemption minimum, which is what most cash back cards offer. And the bigger problem is that all your cash back is forfeit if your credit account is closed before reward certificates are sent out. If you decide you want to close your card in June, you’ll have to wait until the next year or throw away all your cash back.

Read more: Best Business Credit Cards

Find the best credit card for your needs

Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.


Amp up your cash back

Cardholders with a Gold Star Executive membership can earn an additional 2% back on purchases. Combined with this card, you'll earn 4% back on Costco purchases and 5% back on travel.

Suggested credit score

To have the best chance of getting the Costco Anywhere Visa® Business Card by Citi, you should have an excellent credit score of at least 720. Although this is a business credit card, Citi also heavily weighs your personal credit during the application process.

You're eligible for a business card with any type of business, including a sole proprietorship, and your business doesn't need to be making money yet. A Costco membership number is required to fill out the application.

Read more: Best Cash Back Business Credit Cards

Alternatives to consider

If you want a 0% intro APR offer to finance business expenses: You can't do much better than the Ink Business Cash® Credit Card, which offers a 12-month 0% intro APR on purchases. That's one of many perks on this impressive no annual fee card, as it also offers up to 5% back in select spending categories and has one of the biggest sign-up bonuses of any business credit card.

If you want to earn a high cash back rate on your spending: The Capital One® Spark® Cash Select for Business earns an unlimited 2% back on purchases, and it offers a $500 bonus when you spend $4,500 within three months. Although this card has a $95 annual fee, that is waived for the first year.

As of Aug. 04, 2022
Image for
Image for
Ink Business Cash® Credit Card

Capital One Spark 2% Cash Plus

Credit Rating Requirement:

Good/Excellent (670-850) Info Icon Circle with letter I in it.

Credit Rating Requirement:

Excellent (740-850) Info Icon Circle with letter I in it.

Welcome Offer: Info Icon Circle with letter I in it.


Welcome Offer: Info Icon Circle with letter I in it.


Rewards Program: Info Icon Circle with letter I in it.

1% - 5% back

Rewards Program:

2% cash back

Intro APR:

Purchases: 0%, 12 months

Balance Transfers: N/A

Intro APR:

Purchases: N/A

Balance Transfers: N/A

Regular APR:

14.74% - 20.74% Variable

Regular APR:

Pay in full, 2.99% monthly late fee otherwise

Annual Fee:


Annual Fee:



  • Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
  • Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
  • Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
  • With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
  • With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
  • No Annual Fee
  • Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
  • 0% introductory APR for 12 months on purchases


  • Earn up to $1,000 in bonuses; $500 cash bonus once you spend $5,000 on purchases within 3 months, plus another $500 for spending $50,000 in the first 6 months
  • Earn unlimited 2% cash back for your business on purchases, no limits or category restrictions
  • Earn a $200 cash bonus every year you spend $200,000 or more on your card
  • $150 annual fee
  • Free employee cards, which also earn unlimited 2% cash back on all purchases
  • $0 Fraud Liability if your card is lost or stolen
  • Rewards won't expire for the life of the account, and you can redeem your cash back automatically
  • No foreign transaction fees
Show More Arrow graphic to expand and collapse content Show Less Arrow graphic to expand and collapse content

Capital One Spark 2% Cash Plus is unavailable on The Ascent. All information was collected independently from the issuer. Some items may be out of date.

This card is right for you if:

With its 4% cash back rate on gas, the Costco Anywhere Visa® Business Card by Citi is ideal if your business has you or your employees on the road often. It's also obviously a fantastic option if Costco is your retailer of choice. If you shop at Costco for most of your business supplies and use Costco Travel to book your trips, then you'll get quite a bit of value from this card.


  • There are no published credit limits for the Costco Anywhere Visa® Business Card by Citi. Credit limits between $1,500 and $25,000 have been self-reported by cardholders.

  • You can use this card to make purchases anywhere Visa credit cards are accepted.

  • Yes, the Costco Anywhere Visa® Business Card by Citi can help your business build business credit. However, it will not help you build your personal (consumer) credit.

    Business credit cards only help you build personal credit if they are reported to the consumer credit bureaus. This card is issued by Citi. Reports indicate that Citi does not submit business card activity to the consumer bureaus.

About the Author