2024.10 Replace: This card doesn’t have any welcome provide more often than not. Presently there’s a $75 welcome provide, which is the very best 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 gasoline stations worldwide (together with Costco gasoline 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 payment in case you are a Costco member.
- No overseas transaction payment.
Disadvantages
- You have to have an lively Costco membership in your identify. We could cancel your Card Account and participation on this program if you don’t preserve your Costco membership. You have to preserve 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 12 months (12 billing durations in a row starting with the one that features January 1st) at gasoline stations can earn 4% money again, after that you could solely earn 1%.
- You’ll get your money again as Costco annual coupon, though you possibly can redeem them for money at Costco, it’s nonetheless slightly painful.
Really helpful Software Time
- [8/65 Rule] You possibly can apply for at most 1 Citi card each 8 days, and at most 2 Citi playing cards each 65 days, whether or not authorized or not.
- Citi values the variety of current exhausting pulls loads, we advocate you apply when there’s lower than 6 exhausting pulls previously 6 months.
- We advocate you apply for this card after you’ve gotten a credit score historical past of at the least one yr.
Abstract
It is a nice no-annual-fee cashback card! Amongst no-annual-fee playing cards, the 4% cashback fee on gasoline (together with Costco gasoline) is presently one of many highest. The three% cashback on eating and journey can be fairly aggressive. For readers who aren’t deeply into factors or miles however desire no-annual-fee cashback playing cards, this one is nice for long-term use! Nevertheless, this card doesn’t provide a sign-up bonus, so one of the simplest ways to get it’s by product altering or downgrading, reasonably than making use of immediately.
Observe that though this can be a Costco co-branded card, it’s not the very best card for Costco purchases. Costco solely accepts Visa bank cards, and the “Wholesale” class hardly ever will get excessive cashback charges from most playing cards. Nevertheless, the US Financial institution Altitude Reserve (UAR) provides as much as 4.5% rewards when utilizing Apple Pay/Android Pay at Costco. The Chase Freedom Limitless (CFU) provides 1.5x UR factors on all purchases, which is roughly a 2.4% return fee. Playing cards just like the Constancy Rewards, which provide 2% cashback on all purchases, can be utilized at Costco and supply the identical return fee as this card.
It’s value noting that you have to be a Costco member to use for this card, and the membership payment is both $60 (no further cashback at Costco) or $120 (with a further 2% cashback at Costco). In case you’re not already a Costco member, is it value getting one only for this bank card? In all probability not, as the cardboard’s advantages aren’t excellent once you issue within the $60 membership payment. However you could possibly strive a yr of membership to see should you turn out to be a Costco fan!