Costco anywhere Visa Card description of information – we Advisor
A Costco member can make function of thes Costco anywhere Visa card by Citi to earn 4% cash back on eligible gas for thes first $7,000 per year and then one% thereafter, 3% cash back on restaurants and eligible travel purchases, 2% cash back on all other purchases from Costco and Costco.com and one% cash back on all other purchases. Citi and Costco define eligible gas as gas stations that Visa classifies as a gas station. thes Rewards Program Terms states: “Certain Non–Qualifying Purchases. passengers will only earn one% cash back, not 4%, for gas purchased at superstores, supermarkets, convenience stores and warehouse clubs other than Costco or for fuel used for non–automobile purposes.” that meaning if that the customer go to a gas station that Visa classifies as a convenience contain, passengers will only earn one% cash back.
thes Costco Card offers increased cash back on spending at restaurants and on eligible travel. thes types of travel purchases that will earn extra cash back include airfare, car rentals, cruise lines, Costco Travel purchases, hotels and travel agencies. All travel purchases that are ineligible for additional cash back for example timeshares, campgrounds, bed and breakfasts, trains and other commuter transports will only earn one%. thes same concept applies to restaurants; passengers will earn only one% at bakeries, restaurants and cafes inside department stores, grocery stores and other warehouse clubs.
for your buying trips to Costco and Costco.com, thes Citi Costco Visa Card will earn 2%. And on all other purchases that don’t slip under no matter what of thes aforementioned categories, thes card will get one% cash back.
A major downside of thes Costco anywhere Visa that is thes hassle required to redeem your rewards. after a time your February billing statement, passengers will with and until December 31 to redeem your cash rewards earnings from thes year before. for example, if that the customer earned cash back in năm nay, passengers would be able to redeem it between March and December This Problem year.
Your earnings will be sent to passengers as a certificate that passengers can cash in at your local Costco warehouse. if that the customer cancel your Costco membership thes card that is automatically canceled. This Problem feature meaning passengers will forfeit your cash-back rewards, so make tough to take This Problem feature into consideration before passengers think over canceling either your Costco membership or your Costco Visa.
To determine thes cash rewards potential of thes Citi Costco anywhere Visa card we with to appear at thes bonus categories and calculate what an American household might spent in those areas. we Advisor uses data from various government agencies in order to determine both baseline income and spending averages across various categories. thes 70th percentile of wage-earning households bring in $100,172 annually and we base spending on that quantity.
we Advisor estimates that our example household spends $2,687 on gas, which results in $107.48 cash back annually. thes $7,591 on travel and restaurants This Problem feature household spends would translate to $227.73 cash back, a Costco member’s purchases at Costco totaling $2,456 annually result in $49.12 and thes remaining $13,676 that could reasonably be charged to a credit card would earn $136.76 cash back. This Problem feature meaning that thes Citi Costco anywhere Visa card would earn a total of $521.09 in cash back per year.