January 6, 2025: The Costco Visa card may be changing soon, getting better rewards on gas purchases. Doctor of Credit points to a Reddit thread referencing a discussion with an associate in-store who mentioned that the rewards on gas purchases at Costco are going up to 5%. We’ll update our coverage of the card when we can independently confirm this rumor.
The Costco Anywhere Visa® Business Card Card by Citi is the small business version of the Costco Anywhere Visa Card by Citi. Like its sibling, this card offers 4% on eligible gas and EV charging worldwide for the first $7,000 of spending per year, plus 3% on restaurants and travel purchases. This card is available to Costco members and carries no annual fee.
Here’s what you need to know about the Costco Business Visa card.
Costco Anywhere Visa Business Card by Citi at a glance
Here’s what you need to know about the Costco Anywhere Visa® Business Card by Citi.
Annual fee: $0
Foreign transaction fee: None.
All information about the Costco Anywhere Visa® Business Card by Citi has been collected independently by cardsandpoints.com.
The Costco Anywhere Visa® Business Card by Citi offers small business owners 2% rewards at Costco and Costco.com, plus 5% on gas at Costco and 4% on other eligible gas and EV charging, up to $7,000 per year. But there are several other cards that offer better rewards at Costco.
Sign-up bonus
Best sign-up bonus: The Costco Anywhere Visa® Business Card does not currently offer a new cardmember welcome bonus. Learn how to apply.
When Costco offers a new cardmember bonus on the Business Visa, it is usually earned as a statement credit. Be aware that the rewards on this card are granted as a certificate that is issued once a year and must be cashed at a Costco warehouse.
Costco and Citi have occasionally offered a (small) new cardmember bonus on this card. See our coverage of the Costco Business Visa sign-up bonuses for details.
Rewards
- 5% on gas at Costco and 4% on eligible gas and EV charging for the first combined $7,000 spent per year. 1% thereafter.
- 3% at restaurants.
- 3% on eligible travel, including Costco travel.
- 2% on all other purchases at Costco and Costco.com.
- 1% on all other purchases.
Rewards are marketed as cash back, but you will only receive your rewards once a year as a paper rewards certificate.
In your February billing statement, you will receive a reward certificate for your accumulated rewards. This reward certificate is redeemable at U.S. Costco warehouses for cash or merchandise.
Benefits
Consumer insurance benefits
- Purchase protection.
Travel insurance benefits
- Worldwide car rental insurance.
- Travel accident insurance.
- Travel and emergency assistance services.
Our review: Complicated rewards, lackluster benefits.
The Costco Anywhere Visa® Business Card by Citi used to be the must-get card for Costco small business customers, but it’s a product that has been ignored for nearly a decade—and it shows.
Best-in-class rewards on gas, but not great for Costco. The 4% rewards on up to $7,000 of gas purchases are truly best-in class rewards, making the Costco Business Visa one of the best credit cards for gas purchases. But the card is hardly the best card to use for Costco purchases. The card only offers 2% rewards at Costco warehouses and at Costco.com, meaning that you can earn more rewards with other cards.
Lack of extended warranty and benefits in general is a downer. Costco used to heavily promote that you could get an extra year of extended warranty with its credit card, but it quietly stripped that benefit from its co-branded cards several years ago. Nonetheless, many cardmembers (and Costco employees) will state with conviction that an extended warranty is a benefit of the card. It’s not.
Complicated rewards. Redeeming the rewards of the Costco Business Visa is much more complicated than it needs to be. Instead of earning cash back rewards that you can redeem online, you receive your rewards as a paper certificate in your February statement. Worse, you must redeem your certificate in-person at a U.S. Costco warehouse. The card would be much better if it just dumped the rewards into your credit card account as a statement credit.
Bottom line: If you’re a Costco business member, you’re probably going to get this card by default. You’ll be well-rewarded for gas purchases, but other cards will offer much better rewards and benefits on your Costco purchases.
Rewards: Cash back with a catch
While the Costco Anywhere Visa® Business Card by Citi offers excellent rewards for gas purchases, it offers only lackluster 2% rewards on most purchases at Costco. Here’s what the Costco Visa earns:
- 4% on eligible gas and EV charging for the first $7,000 per year. 1% thereafter.
- 3% at restaurants.
- 3% on eligible travel, including Costco travel.
- 2% on all other purchases at Costco and Costco.com.
- 1% on all other purchases.
Unlike many other cash back rewards cards, the rewards you earn on your Costco credit card come in the form of a credit card reward certificate. Rewards are earned during the calendar year (January-December) and you receive accumulated rewards once your February statement closes. Your credit card reward certificate must be redeemed in a single transaction at a Costco warehouse as a merchandise credit or cash back.
Benefits: Purchase protection and not much else
The Costco Anywhere Visa® Business Card by Citi offers a limited suite of benefits:
- Purchase protection.
- Worldwide car rental insurance.
- Travel accident insurance.
- Travel and emergency assistance services.
Importantly, the Costco Anywhere Business Visa does not include an extended warranty benefit. Citibank and Costco stripped this benefit from the card years ago, so if you want an extended warranty, you should choose another card to use at Costco.
Alternatives: Consider these other cards
If you’re looking at the Costco Anywhere Visa® Business Card by Citi, you are likely a small business owner that wants rewards at Costco. We have an entire article covering the best cards for Costco, but here are some alternatives you should consider:
- The Ink Business Premier® Credit Card offers an extended warranty and cash back rewards on a small business card. You’ll earn 2.5% cash back rewards on purchases over $5,000, and 2% cash back rewards on your other small business purchases.
- If you want to use a personal credit card at Costco warehouses, nothing can beat the U.S. Bank Altitude® Reserve Visa Infinite® Card‘s rewards. You’ll get 3x points—worth 3% cash back or 4.5% toward travel—when you pay with the card using a mobile wallet like Google Pay or Apple Pay.
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