Costco credit card review reddit I have a Citibank Costco credit card and called in 2 months ago when I saw a charge for over $2000 at a Costco location I've never been to before. I would personally never tie my credit card to a Costco membership. Because so many people don't know their CC already has them covered, and the rental car companies don't tell you, I think of the extra coverage they try and sell Dec 2, 2024 · The Costco Anywhere Visa® Card by Citi *, from our partner, Citi, could stand on its own as a top-tier cash-back credit card. 5-1% on everything else earns me more than the Costco 3% or 4% categories. Almost all of them reported having "very good" to "exceptional" approval odds on Credit Karma before applying. com Oct 19, 2024 · Hi everyone. The Costco Anywhere Visa® Card by Citi (see rates and fees) is one of the best store credit cards on the market. For $5000 trip, that would be additional $250 by the year end. Pros of Sam's Club Mastercard for my use: -acts as membership card. Can this card be turned into a membership card as well so he doesn't need to carry 2 cards? We have a business membership. Yep. There is no point in using the Costco Citi card in Costco, especially since Citi dropped all of card benefits. com. But the other big thing to consider is the likelihood that you would ever not want to renew your Costco membership maybe you don't find it useful, or you move somewhere where Costco isn't. Instead, pay for whatever you got that day with your credit card, earning rewards for the next check. Not a big deal unless they ever move to a city without a Costco. 75 / 1,000 = 2. It is kind of silly that the Costco Visa only earns 2% when buying stuff from Costco, usually store credit cards are supposed to earn you more rewards than other cards when making purchases from that store. Referral link: get $25 for signing up for credit card or money account I have not had good experiences with third party services offered by Costco. You do need the card for gas. cÐý @þöjþ ýžÙײy+› |“WjÉP%Y %{'ÿÿšŸn+Le…ªR” jÅ…'&›_Ì_ x83 Ef! F/ + 5I¾È–e Dé«ì6ò©>Ƭú9Ë " ÙÙ0 C}þ¦/ó4yÕ®Ÿ^üâ)ûå The CIBC Costco card is only good if you shop at Costco. I’ll probably transfer some credit from a different card. We've used it one time and it wasn't technically on purpose. But is that just the 2% that I’m already receiving as an Executive member? Or is it an additional 2%? Any opinions anyone has about the credit card are welcome. I have both the money account and the credit card. I’ve been debating on getting a new credit card and thought about the Costco one. Thats really all i use it for but it amount’s to about 4-5k spend a year. 95 * 5 = 2,549. To be honest I’m just beginning to go down the rabbit hole with other things cards offer besides cash back for example cell phone protection extended warranty ETC. Optimizing by using both cards is awesome. The last company I used was a kitchen countertop company that offered to replace my countertops for $30K with a $3K Costco cash card after we paid for it. 5% CB instead of the 1% that the CIBC Costco card pays. Years ago I think all AmEx cards offered it, but its been awhile since I checked. Nov 26, 2024 · Bank of America Customized Cash Rewards credit card. 2% cash back, and you get both master card's extended warranty protection for 60 days and identity theft resolution protection and PayPal purchase protection. Definitely look into rental car coverage on your credit card, and use thr card to pay for the rental. The flight credit is only eligible through Costco Travel, for the airline you originally booked on, to be used or lost by the original date of purchase. I currently have a discover Student IT card as my first credit card. With rewards of 4% cash back on eligible gas and EV charging purchases I've never had fraud charges, but in general I didn't use it for everyday spend, and tried to use mobile wallets (Visa Click-to-Pay/Visa Checkout, PayPal) when using online, and the only gas station I use it at regularly is Costco (where contactless is enabled, avoiding any skimmers that could be attached to the pump by ne'er-do-wells). I'd say the only drawbacks are that it doesn't offer perks, and you can only get your reward $ at a very specific time once a year. I have a Bank of America card for 3% at home improvement stores. Posts that don't follow r/Costco subreddit rules MAY be subject to removal. The combo will get you 5% cash back in addition to the cash card and obc they offer. Archived post. I also have a US Costco Visa card for our time in Arizona. I have a combo Citicard /Costco membership card. Do you guys recommend getting a Costco credit card? Or would increasing my limit on my current credit card be better and then try down the road for a Costco credit card. You must buy a Costco Membership (=AF). We are here to support you if you need an advice on closing/opening a credit card, improving your credit scores, removing inaccurate information from your report, qualifying for a new card/mortgage I decided to actually read the reviews of getting approved, and lots of people with a 750+ credit score reported getting denied left and right. So if it ends up being $5k, you'll get $100 back just from the membership and another $100 back from the credit card. I use Costco and my CIBC Costco Mastercard almost exclusively for everything. Costco Visa is good for paying for gas and EV charging though, 4% cash back on up to $7,000 a year in this category. just note that it takes upwards to 2 months to receive the citi costco card since they have to verify the membership and information. com then shop away. Costco is a warehouse mostly for the middle class. I also read that CITI Bank is very inquiry and new account Sep 25, 2024 · Costco Anywhere Visa Card overview. With this, I was able to raise my credit score to 700. Yet, they were all denied. I had a 810 credit score before her and currently have a 730 and thats with a bankruptcy from Jan 2021. Makes the card a lot less attractive compared to the Chase Amazon, especially since the Chase Amazon also gets 5% back at Whole Foods and gets 5% back on all Amazon purchases with no cap (the Affinity card has a $3,500/month cap on 5% back on Amazon purchases - a high cap, but still a cap!). 5% up to a limit and than 1% after, gimmicky for general purchases -card is ugly to bland -fees recently increased on the card -website going to be down for like 4 days for an update soon, which is very long -have to pay Costco membership. I only got a 5k credit limit on this card. 5 in return Cobalt Card: $500 Mastercard gift card at Sobeys for 5x points $9. " See full list on wallethub. Even though it has a $75 annual fee, the extra cash back offsets that fee, plus there are numerous other No, my ex wife took my credit cards and racked up a bunch of debt. Oh ok so once a year you can cash out. I’m also an authorized user for this same card with my wife. A problem between Costco and Citibank related to a Costco credit card is the only account I’ve ever had that made a negative report to the credit agencies. If you have the executive card and the credit card you get double the 2% cash back. It works at Costco bc it’s a Visa This is the not-well-known niche feature of this card: It's the best no annual fee card for use at Costco, i. ca, gas up at Costco a lot and have high restaurant spends, but if you want the best card to use at Costco warehouses, interestingly, it's the Rogers World Elite MasterCard instead as the Rogers WE MC pays out 1. If you use the Costco Credit Card, you get 2 percent cash back on everything you buy. My spouse was just added to the Citicard account. Sam's Club has Bonus Offers similar to credit card Merchant Offers. The Costco cash cards arrived fast, too. CRedit's main goal is to improve your credit, keep it healthy, and support you in decisions that you make that may affect your credit livelihood. I don't know what their minimum is, but considering they're the only card I've ever had reject me with an exceptional credit score, it must be pretty middle class. You only get your cashback as an annual voucher. But the point of a travel rewards card goes beyond the rewards program. What is the best Credit Card (Visa) to use at Costco (wholesale club) with a high cash back or rewards rate, other than Costco Visa Card? Average spend at Costco is over $15,000 a year. A. I’m also an employee at Costco too. He was hoping to be able to use it as a membership card, too. However, is there a chance the credit card can give me the rest back as well through some travel benefit? Of course I intend to call the credit card, but I figured I'd arm myself with knowledge a bit before I call. A subreddit for discussing credit cards. And that's just 2% back, I'm thinking the extra the credit card offers back is tempting, as I don't see my Costco habit declining much anytime soon. Don't assume. I mostly use the money account but you get all the same cash back benefits on the money card as your credit card and there are no fees. 015 = $7. I have just under 800 credit score, and they still rejected me because of monthly income. It's nice that you get to keep the full credit, but also sucks a bit because you're restricted to Costco packages and can't book a flight by itself since they only offer flights as part of The only major upside for the Costco Citi credit card is the 4% cashback on gas. Therefore, you're not getting any cash back on that purchase. What's everyone's opinion on the card? A post on r/Costco subreddit asks if anyone uses the Costco credit card and whether it is worth it. I guess people run cards at gas stations to make sure they work, then hit the stores. You also get the 2% back from the executive membership even on huge purchases like that. Thanks! I use a WF 2% cash-back card. “We regret to inform you that we were unable to process your Costco order. The card is just an added perc, although if I had BOA platinum status i would likely use that instead. I go about 2-3 times a month spending $100-$300 each trip. (I've shopped at 2 other Costco locations over the course of the credit card, and never had purchases over $500. 10 hours ago · Read our full analysis on whether the Costco Credit Card is worth it. Be sure to read sub rules before posting, use the resources linked in the sidebar / about section of the sub, and use search to see if your question has already been answered. 5% cash back card 500 * 0. The only impact of closing a card is lowering the credit limit, which to some users is not a problem, and which can easily be offset by opening a new card (and rake a SUB in the process). I was denied a Costco credit card online and the reasoning is “You’re existing Citibank, N. I heard they have good incentives. You don’t need to carry the actual card for anything but gas. I am currently getting 10% back in gas also (a special deal). You should have a few months of wages as an "emergency fund" - and that can go towards meeting the minimum balance to get the the free premium chequing acct+premium credit card as well. His card came without any membership info on it. We got a few thousand off the "lowest price" and got a Costco gift card with like $500 on it. You can link most credit cards except for Discover and get cash back. But, I get it. Depending on what else is in your wallet, it doesn't always make sense. That was all I needed to hear. I have Sam's Club Plus. Do I call them? Or apply again in a few months? Update: Called bank and everything is all good. Without preferred rewards, the card is 3% back, so altitude reserve would be the best runner up at 3% mobile spend (4. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Earn Gas Rewards. Edit: I got an approval email a few business days later. So yes, cash back cards can sometimes eclipse travel rewards cards. I use my 3% cash back Visa card (mobile wallet only) at Costco, other than for gasoline. I pretty much use my Costco card for everything else. 2% cash back executive card 2% cash back Citi costco card 4% cash back at the fuel pump + convenience of single card tap. 25% online shopping with preferred rewards. It also offers 3 percent cash back on the category of your choice, including gas & EV charging stations. For other stuff use a 2% or more flat-rate card. Buy Costco shop cards on Costco. I think PayPal is the better option especially if you shop online a lot. I have the costco rewards membership so i redeem once a year some sort of a check. My experience was you'll get to 100K sooner than you think with pre-authorized contributions scheduled to come out on the same day as every paycheque I'm considering the Costco credit card for all the cast back it offers, I go to Costco pretty often, and got ~$130 back from my executive membership this year. Edit I called and they said no, which isn't too surprising. Very impressed with T-Mobile. Also, I get my cashback monthly instead of once a year. 95 activation fee $509. Ex wife for a reason. So in that one instance it was great for us. Before the bankruptcy I had several cards and accumulated almost $100K in credit line. If you use the reward check, you are not using the credit card to earn rewards. I think it wasn’t automatic because of how much available credit I already have with other chase cards. Do get the exec membership if you opt for that, and consider the Citi credit card. i would call in when the annual fee posts for the second year and use that as a reason for doing a card conversion/product change. As you know Verizon doesn’t allow you to use another credit card to pay bill without charging and losing discount. When we said no thanks they offered to do it for $22K if we did not go through Costco. The last 2 credit cards I applied for were in Feb and Aug of 2023. Other Visa cards offer similar if not better cash back rewards, but you may need to have more than one card to achieve something better than the Costco card if talking strictly in cash back %'s. it also includes wholesale clubs (Costco, Sam’s Club), superstores (Walmart), & liquor stores. One of the perks of the credit card is 2% cash back on Costco and Costco. Credit card account was recently past due” I don’t have Citibank credit card. e. The comments show mixed opinions, benefits, and drawbacks of the card, as well as some alternatives and comparisons. I have an Amazon card for Amazon. 54975 The card remains in good standing on the credit file and even keeps aging for 10 years on the credit file. 3% cash back at restaurants and most travel purchases No annual fee or foreign transaction fees A subreddit for discussing credit cards. Always consider the total sum of a credit card's benefits Yeah that’s fair. IMO, it's not a bad card, but there are other no AF cards out there that offer some more perks and more flexible reward redemptions. Sam's Club Mastercard gets 0% cash back on Bonus Offers! With the Daily Advantage I'm guaranteed 3% cash back on Sam's Club category exclusions. When applicable, please make sure that you're using a descriptive post title with product name(s) mentioned as it yields better subreddit search results. Like the Costco card, the Bank of America Customized Cash Rewards card offers 2 percent cash back at grocery stores and wholesale clubs. For regions where Costco gas is the cheapest, it's amazing. The additional 2% rebate on Costco purchases isn't that noteworthy, but the 4% on gas would be nice. This card has been scored using WalletHub’s proprietary credit card rating system. And I still have a really big cash card plus that rebate. For Costco purchases, I linked my Citi card on my the Costco app. Apple Card is and will continue to be my daily driver but don’t want to pay my bill with debit or checking and need a visa at Costco which didn’t want to continue to use debit there. And while annoying, I prefer a flag to finding fraudulent charges! For me, earning the extra 0. Just got the Canadian executive reward (bit over $400) so that was nice. It counts under the credit card reward. This year's rebate is gonna be something wild thanks to that particular decision. If you already have a Costco membership, this card is a solid way to earn rewards across a wide range of purchases, including eligible gas, restaurants, eligible travel and at Costco — both in-store and online. With Costco services, you get a bigger discount if you have the executive membership. But for some other regions where Sam's Club gas is cheaper (plus their credit card gives 5% on gas) the Costco card isn't that desirable. CapitalOne Venture Card gives you 2% back on all purchases (including Costco), and there are cards that easily get up to 6% back on gas or groceries, and 4-5% back on din Boa customized cash for 5. I’ve Nov 11, 2024 · It's a very solid cash back card. Another thing if book through CostcoTravel, you get 3% back on your Citi Costco Credit Card, and if you have Executive member, additional 2%. I’m currently an Executive member, but I’m considering adding the Costco Visa. a family who does most their grocery shopping there. They do not offer travel interruption coverage any more. Download the app, and I just show the app for store entry. Btw I am still 19 and my most recent hard pull on my credit was close to 700. Our Dealership asked if we were Costco members because it gave us a decent chunk off the model we were looking at. Wondering if it’s worth it? I've seen their credit card advertised around. The machine at self checkout asked if I want to use that payment method and I click yes. ) Exactly. 5% when redeemed for travel. dislikes: -store credit, which is mickey mouse -0. So, I applied for the card and only received a $700 credit limit which is INSANE! My lowest credit limit on even my first card was 3K when I had no credit at all. My second card was 5K, and my third was 3,800. Please review your Costco details: Credit Card or Payment information Billing and/or Shipping information We suggest that you pay particular attention to the items above, making any necessary changes, prior to placing another order. Use the Costco card ONLY at Costco and for travel and dining (and gas at gas-only stations). 75 Amex points At the worst redemption value for Amex points (statement credit): 1,000 points = $10 statement credit 2,549. Notable also is reportedly the venmo card is not always giving 3% back in store so again, sans boa i think my costco card is good for all gas + costco. And that was without me ever once charging anything to the card. You also have benefits (as outlined by the commenter above), and perks/credits (Status? Companion fare reductions? Free checked bags? Free nights?). past 3 years I’ve been just thinking about cash back, and now that I have 8 cards I’m starting to dive in deeper and know what exactly the cards offer because I’m the past I wouldn’t even think about it My friend worked for a credit card company (not naming it) and told me that when I was flagged, it was because I went to a gas station and then spent a couple hundred dollars at a shoe store. I have a bunch of credit cards and I basically use the one with the best bonus. ” Cash back card: $500 spent at Costco 1. My good friend and i have the membership together and agreed that we use that rewards to cover the membership fee and whatever is left over goes towards a bottle of some sort of alcohol to split. ekmxp ldd bqslw gtqk yfxqt bwqjvw kdtrgrn hvso fgbwar zzbala