Costco members in the United States and Puerto Rico can now shop with any Visa card (American Express cards will no longer be accepted at Costco). In addition, the Costco Anywhere Visa Card by Citi consumer and small business credit cards are now available exclusively to Costco members, replacing the Costco co-branded card with American Express.
“Today is an exciting milestone for Visa and our cardholders who can now pay with any Visa credit or debit card when shopping at Costco,” said Ryan McInerney, President, Visa Inc. “Visa acceptance and the introduction of the Costco Anywhere Visa Card by Citi is just the start of us bringing new experiences and benefits to current and future Costco members.”
The Costco Anywhere Visa Card by Citi offers generous cash-back opportunities and benefits to consumers. Existing Costco credit card members should have already received the new Costco Anywhere Visa Card by Citi, and the card is now available for use.
“We have a strong relationship with our members and it’s important that we’re rewarding their loyalty to us,” said Craig Jelinek, CEO and President, Costco. “Our new co-brand credit card agreement with Citi on the Visa network enables us to offer significant value and benefits for our members across 494 locations in the U.S. and Puerto Rico.”
With either the new consumer or business card, card members will earn:
- 4 percent cash-back rewards on eligible gas worldwide for the first $7,000 and then 1 percent thereafter.
- 3 percent cash-back rewards on restaurant and eligible travel purchases worldwide.
- 2 percent cash-back rewards on all other purchases from Costco and Costco.com.
- 1 percent cash-back rewards on all other purchases, with no limit on earnings potential.
“The new co-branded card offers a richer reward structure than the prior Costco co-brand card,” said Sharon Weaver, Visa’s senior director of Merchant Sales & Solutions. “Members will be excited to use it at Costco and everywhere else.”
Costco members who would like to apply for the new Costco Anywhere Visa Card by Citi can do so beginning today in Costco warehouses or at citicards.com.