Costco Anywhere Visa® Business Card by Citi Review: Bonus Cash Back on Your Business Spending

Lyle is a writer specializing in credit cards, travel rewards programs, and banking. His work has also appeared on MSN Money, USA Today, and Yahoo! Finance.

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Citi, an advertising partner with The Ascent, offers the Costco Anywhere Visa® Business Card by Citi, which stands out for its high cash-back rates, and if its bonus categories fit your spending habits, you could earn a large amount of money back. 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.

Ratings Methodology
Costco Anywhere Visa® Business Card by Citi

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On Citi's Secure Website.

Costco Anywhere Visa® Business Card by Citi

Costco Anywhere Visa® Business Card by Citi

Apply Now

On Citi's Secure Website.

Apply Now

On Citi's Secure Website.


4% back on gas ($7,000 annual spending cap), 3% back on restaurants and travel, 2% back on Costco purchases, 1% back on all else

Annual Fee


Intro APR

Purchases: N/A
Balance Transfers: N/A

Ongoing APR

15.24% (Variable)

Bonuses & Perks


  • 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

Top perks

Up to 4% back: Here are the cash-back rates with the Costco Anywhere Visa® Business Card by Citi:

  • 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 spending through Costco or
  • 1% on all other 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).

Extended warranty coverage: On eligible purchases that have a manufacturer's warranty, your Costco Anywhere Visa® Business Card by Citi includes extended warranty coverage for 24 months and up to $10,000. Note that total warranty coverage won't exceed seven years from the purchase date.

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.

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% 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 to close your card in June, you’ll have to wait until the next year or throw away all your cash back.

Pro tip

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.

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.

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