How to Apply For Costco Anywhere Visa Card with Invitation Code?
Costco Citi Card Application Process and Features
Costco offers their customers, who have received an invitation mail, to apply for the Costco Anywhere Visa Card by Citi and take advantage of the Costco Cash Rewards Program and other benefits. The offer is exclusively for the Costco members who were pre-selected for this credit card and notified by mail with the offer letter and paper application form.
Costco Anywhere Visa Card Benefits
Costco Anywhere Visa Card by Citi provides many offers for new cardholders. Some of them which you can expect are:
- You can use the Costco Anywhere Visa Card accepted
- Enjoy worldwide card acceptance and earn cash back rewards whenever you shop.
- Doubles as your Costco Membership card.
- No Annual Fee with the paid Costco membership.
- No Foreign Transaction Fee.
Rewards
- 4% cash back on eligible gas worldwide for the first $7000 per year and then 1%.
- 3% cash back on restaurant and eligible travel purchases across the world.
- 2% cash back on all purchases from Costco and Costco.com.
- 1% cash back on all other purchases.
Fees
- Balance Transfer Fee- either $5 or 3% of the amount of each transfer, whichever is greater.
- Cash Advance Fee- either $10 or 5% of the amount of each cash advance, whichever is greater.
- Late Payment Fee- up to $37
- Returned Payment- up to $37
Annual Percentage Rate (APR)
- APR for purchases- 16.74%
- APR for Balance Transfer- 16.74% (must be completed within 2 months of account opening)
- APR for Cash Advance- 26.74%
- Penalty APR- up to 29.99% based on your creditworthiness.
All the APR will vary with the market based on the prime rate. Penalty APR will be applied in the case you make a late payment or the payment is returned.
Important Notes
- You can earn cash back rewards anywhere Visa is accepted.
- Cashback rewards will be provided as an annual credit card reward certificate in February billing statements via US mail and can be redeemed for cash and merchandise at US Costco Warehouses.
- You need to maintain your Costco Membership to get and redeem the credit card reward certificate.
- You will not receive a credit card reward certificate if your reward is below $1 or your account is closed at the scheduled time of sending the certificate.
Costco anywhere visa card by Citi Feature
- You can earn rewards on purchases made by your Costco anywhere visa card by Citi. That can be redeemed at any Costco warehouse including Puerto Rico for other purchase or as cash back.
- You can earn 4% cash back at eligible gas stations across the world including gas at Costco on the first $7000 spent on gas purchase in a year and 1% thereafter.
- You will earn 1% cash back on gas purchased from the stores other than Costco and not purchases of gas for non-automobile uses.
- You will earn 3% cash back in restaurant bills, cafes, bars and lounges. On any travel related purchases globally and Costco travels.
- You will earn 1% cash back instead of 3% at certain bakeries and restaurants which are in departmental stores. Also, you will earn 1% cash back on timeshare, campground or purchases made in train or regular work or study related travel.
- You will earn 2% cash back on all Costco in-store and Costco online purchases.
- You will get 1% cash back on all purchases.
- All merchants under MCC are eligible for reward category. MCC stands for merchant category code assigned by Visa card, based on the products or services the merchants sell.
Rewards receive and redeem process
- Your Costco rewards will be distributed yearly after your billing statement for February closes and your rewards will be given as a credit card reward certificate unless the amount is greater than $10,000. You can redeem the certificate at a time at any US Costco warehouse, Puerto Rico or get cash back. The credit card reward certificate will be valid through 31 December of the issuing year.
- If you close or convert your card account before getting the reward certificate in your February billing statement it will be forfeited. If your card account close from Costco’s end your undistributed rewards will forfeited. Also, your reward will be forfeited if its value is lesser than $1.
- Until you have redeemed the credit card reward certificate in a Costco warehouse, it has zero cash value.
- If any fraud or misuse found from your end, you will lose all the reward points. Even your account may be barred permanently to earn reward points. Or you may have to face serious legal actions.
Costco Anywhere Visa Card by Citi application
Costco members have 3 ways to apply for Costco Anywhere Visa Card by Citi. The online option is perhaps the fastest and most convenient way among them. It takes only a few minutes to be submitted and process your application. For online applications, you need to-
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Upon completion of the application process, you will receive an instant decision.
You also can complete the paper application, which you receive with the invitation letter and mail back.
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FAQs for Costco Anywhere Visa Card
Q: What are the benefits of a Costco anywhere visa card?
A: You will get the get the benefits with Costco anywhere visa card as follows:
- Zero foreign transaction fee on purchases.
- 4% cash back on gas stations including Costco gas across the world while making payment via Costco anywhere visa card. On the first $7000 purchase of the year, you will get 4% cash back and after that 1% cash back.
- You will get 3% cash back on restaurant and qualified travel, 2% cash back on all online purchases from costco.com and Costco in-store purchases using Costco anywhere visa card. 1% cash on every purchases.
Q: Does the Costco anywhere visa card have cash back offer?
A: Yes, you can earn 4% cash back on qualified gas purchase on the first $7000 in a year and after that 1% cash back. 3% cash back on restaurant and qualified travel. 2% on all purchases at Costco store or costco.com. 1% on all purchases.
Q: Who can apply for Costco anywhere visa credit card?
A: You must have a Costco card to apply for the Costco anywhere visa card. If you are not yet a Costco member you can buy a Costco card at Costco.com before applying for Costco anywhere visa card.
Q: Does Costco anywhere a visa credit card a visa card or Mastercard?
A: Costco anywhere visa card is a visa card. Anywhere visa card is accepted you can use Costco anywhere visa card.
Q: How can I redeem the cash back?
- You can get the cash back as a credit card reward certificate which will be provided annually.
- After the closure of your February billing statement, you will get the cash back reward certificate.
- You can redeem the certificate within 31 December of the year it is issued.
- You can redeem the cash back reward certificate at any U.S. Costco warehouse including Puerto Rico. But it must be redeemed in a single transaction.
Q: How can I apply for the Costco anywhere visa card?
A: The Costco anywhere visa card is exclusively for Costco members. If you are not a Costco member yet, you can buy a Costco membership at costco.com and then apply for a Costco anywhere visa card.
Q: Is there a Costco anywhere visa card for small businesses?
A: Costco anywhere visa business card is for small business. To apply for this, you have to be a Costco member. Before applying for Costco anywhere visa business card, buy a Costco card at Costco.com.
Q: Do I have to be a Costco member to apply for Costco anywhere visa card?
Yes, you have to be a Costco member. If you are yet to be a costco member, you can always buy a Costco card at costco.com and apply for Costco anywhere visa card thereafter.
Q: Does my Costco anywhere visa card can prove my Costco membership?
Yes, as the Costco anywhere visa card is exclusively designed for the Costco members your Costco anywhere visa card proves that you are a Costco member.
Q: Does the Costco anywhere visa card charge any annual fee?
A: The Costco anywhere visa card does not apply any annual fee. For further information please contact the customer service desk.
Q: What is the rate of interest in Costco anywhere visa card?
A: You will need to pay the standard APR on purchases, cash advances and balance transfers which is market based. And you will be charged penalty APR for late payment and payment returned.
Q: Does the Costco anywhere visa card applied any foreign transaction fee?
A: No, you will not be charged any fee for foreign purchases.
Q: Can I do balance transfers by using my Costco anywhere visa credit card?
A: Yes, if your Costco anywhere visa card has the balance transfer offer you can do that.
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