Costco Anywhere Visa Business Review

The Costco Anywhere Visa Business Card, issued by Citi, is designed for small business owners and Costco members who want to earn rewards for their business and personal spending, particularly when shopping at Costco and related stores. Here's a review of this credit card:

Key Features:

1. Cash Back Rewards: The Costco Anywhere Visa Business Card offers cashback rewards on various categories, making it attractive for business owners and individuals looking to maximize their rewards. Notably, it offers:

   • 4% cashback on eligible gas purchases (including gas at Costco) for the first $7,000 per year, and then 1% thereafter.
   • 3% cashback on dining and eligible travel expenses.
   • 2% cashback on all purchases made at Costco and Costco.com.
   • 1% cashback on all other purchases.

2. No Annual Fee (with Costco Membership): To hold this card, you must be a Costco member. The annual fee for the card is $0, but you'll need to pay for your Costco membership separately.

3. Worldwide Acceptance: This Visa card is widely accepted both in the United States and internationally, making it a convenient choice for business travel or international purchases.

4. Travel Benefits: Cardholders may also benefit from travel and purchase protection, including car rental insurance and extended warranty coverage.

5. Additional Cardholders: You can request additional cards for your employees, making it easier to manage and track business expenses.

6. Online Account Management: The card comes with online account management tools to help you track and categorize your spending.

Pros:

• The card offers excellent cashback rates on categories like gas, dining, and travel.
• It's well-suited for Costco members who frequently shop at Costco and Costco.com.
• The card has no annual fee, assuming you're already a Costco member.
• The ability to earn rewards on both business and personal expenses can be a significant benefit.

Cons:

• The rewards are primarily focused on Costco purchases and certain categories, so it might not be the best choice if you have diverse spending needs.
• While the card has no annual fee (assuming you're a Costco member), it does require a paid Costco membership.
• The rewards are issued annually as a reward certificate, which must be redeemed at a Costco store.

In summary, the Costco Anywhere Visa Business Card can be a valuable choice for Costco members who want to earn significant cashback rewards on their purchases, especially if they frequently shop at Costco, dine out, or travel. It's essential to ensure that your spending aligns with the bonus categories to maximize the card's benefits. As with any credit card, responsible usage is critical to avoid interest charges and fees. Please check the most recent terms and conditions and benefits directly with Citi, as they can change over time.