Credit Card Review: Costco Anywhere Business Card | Smart Change: Personal Finance | – Daily Journal Online

Many small business owners prize cash back rewards over travel rewards points and miles. At the same time, Costco is a popular store for business owners that go there to purchase all manner of consumables from cleaning supplies to gasoline. The Costco Anywhere Business Card from Citi is a great offer for small business owners who shop at Costco, as well as any company that wants outstanding rates of cash back for gas and other purchases.

  • Welcome Bonus: None
  • Rewards: 4% cash back on gas, including at Costco stores (on up to $7,000 per year); 3% at restaurants and on travel, 2% at Costco and 1% on all other purchases.
  • Annual Fee: No annual fee with your paid Costco membership.
  • APR: 15.24% APR variable
  • Promotional Financing Offer: None

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How this card works

This card is offered to small business owners who are also Costco members, and it features high rates of cash back. You earn 4% cash back on gasoline purchases, including at the pumps at Costco stores. However, the 4% cash back is limited to up to $7,000 in purchases each calendar year, then you only earn 1%. This card also offers you 3% cash back at restaurants and on eligible travel purchases. You also earn 2% cash back at Costco stores and online at, and 1% cash back on all other purchases.

Cash back comes in the form of a certificate that you receive with your February statement. You can redeem the certificate for Costco purchases or for cash at the customer service desk. This card does offer a damage and theft protection policy, but few other cardholder benefits. There’s no annual fee with your paid Costco membership, and no foreign transaction fees.


This card’s offer of 4% cash back on gas really stands out, especially since qualifying purchases don’t even have to be made from Costco fuel centers. And since most cards that offer bonuses for gas purchases specifically exclude warehouse stores like Costco where prices tend to be lower, this is an especially attractive offer. Earning 3% cash back at restaurants and on eligible travel …….


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