2024.10 Replace: This card doesn’t have any welcome provide more often than not. Presently there’s a $75 welcome provide, which is one of the best ever provide on this card!
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Advantages
- $75 provide: earn $75 after spending $1,500 within the first 3 months.
- Earn 4% money again at gasoline stations worldwide (together with Costco gasoline station); 3% money again at eating places and eligible journey spending worldwide; 2% money again at Costco and Costco.com; 1% money again on different purchases.
- No annual charge if you’re a Costco member.
- No overseas transaction charge.
Disadvantages
- You have to have an energetic Costco membership in your identify. We could cancel your Card Account and participation on this program if you don’t preserve your Costco membership. You have to preserve your Costco membership to redeem Costco Money Rewards earned with the Card.
- No vital sign-up bonus.
- Solely first $7,000 purchases per Annual Reward Yr (12 billing durations in a row starting with the one that features January 1st) at gasoline stations can earn 4% money again, after that you may solely earn 1%.
- You’ll get your money again as Costco annual coupon, though you’ll be able to redeem them for money at Costco, it’s nonetheless slightly painful.
Advisable Software Time
- [8/65 Rule] You’ll be able to apply for at most 1 Citi card each 8 days, and at most 2 Citi playing cards each 65 days, whether or not accepted or not.
- Citi values the variety of current laborious pulls rather a lot, we advocate you apply when there’s lower than 6 laborious pulls prior to now 6 months.
- We advocate you apply for this card after you’ve a credit score historical past of no less than one 12 months.
Abstract
This can be a nice no-annual-fee cashback card! Amongst no-annual-fee playing cards, the 4% cashback price on gasoline (together with Costco gasoline) is at present one of many highest. The three% cashback on eating and journey can also be fairly aggressive. For readers who aren’t deeply into factors or miles however desire no-annual-fee cashback playing cards, this one is nice for long-term use! Nevertheless, this card doesn’t provide a sign-up bonus, so the easiest way to get it’s by product altering or downgrading, moderately than making use of instantly.
Be aware that though it is a Costco co-branded card, it’s not one of the best card for Costco purchases. Costco solely accepts Visa bank cards, and the “Wholesale” class hardly ever will get excessive cashback charges from most playing cards. Nevertheless, the US Financial institution Altitude Reserve (UAR) gives as much as 4.5% rewards when utilizing Apple Pay/Android Pay at Costco. The Chase Freedom Limitless (CFU) provides 1.5x UR factors on all purchases, which is roughly a 2.4% return price. Playing cards just like the Constancy Rewards, which supply 2% cashback on all purchases, can be utilized at Costco and supply the identical return price as this card.
It’s value noting that you might want to be a Costco member to use for this card, and the membership charge is both $60 (no further cashback at Costco) or $120 (with a further 2% cashback at Costco). In case you’re not already a Costco member, is it value getting one only for this bank card? Most likely not, as the cardboard’s advantages aren’t excellent once you issue within the $60 membership charge. However you possibly can strive a 12 months of membership to see if you happen to turn out to be a Costco fan!
Historic Presents Chart
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