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Citi is an advertising partner of Motley Fool Money.
The Costco Anywhere Visa® Business Card by Citi, an advertising partner with Motley Fool Money, is a cash back card with big bonus opportunities. It earns 2% cash back on Costco purchases (both in-warehouse and online). But where it really shines is in its 4% cash back category where it earns on gas and EV charging ($7,000 annual spending cap).
Check out our full review of this Costco business credit card to see if it's right for your business.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Credit Score:
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Excellent (740-850)
Credit Score
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Excellent (740-850)
Intro APR
Purchases: N/A
Balance Transfers: N/A
Regular APR
19.49% - 27.49% (Variable)
Rewards
4% cash back on eligible gas and EV charging purchases for the first $7,000 per year and then 1% thereafter 3% cash back on restaurants and eligible travel purchases. 2% cash back on all other purchases from Costco and Costco.com. 1% cash back on all other purchases.
1% - 4% back
Annual Fee
N/A
$0
Welcome Offer
N/A
There aren't many business cards offering this much bonus cash back at the pump (and the charging station). It also earns high rates on travel, at restaurants, and at Costco, giving it a well-rounded set of bonus categories. Other benefits are limited, making this primarily a card for Costco loyalists and business owners who drive a lot.
Gas and EV charging cash back
Costco cash back
Travel and dining cash back
Purchase protections
No foreign transaction fee
No sign-up bonus
No 0% intro APR offer
Difficult cash back redemptions
Discover the only business credit card designed exclusively for Costco members
4% cash back on eligible gas and EV charging purchases for the first $7,000 per year and then 1% thereafter
3% cash back on restaurants and eligible travel purchases
2% cash back on all other purchases from Costco and Costco.com
1% cash back on all other purchases
No annual fee with your paid Costco membership and enjoy no foreign transaction fees on purchases
Whether you're traveling for business or pleasure, enjoy no foreign transaction fees on purchases
Receive an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico
Our Top Business Credit Card Alternate Options
We suggest taking a good look at various options to pick the perfect card for you and your small business. Remember, not all business credit cards are created equal, and every business has unique needs. To help you out, we've put together a short list of top-notch business credit cards that offer great value across a variety of business types.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Earn up to $750 bonus cash back
Earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening.
Earn 5% cash back in select business categories
Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Earn $750 bonus cash back
Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening.
Earn unlimited 1.5% cash back on every purchase
Earn unlimited 1.5% cash back on every purchase made for your business
4.75/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
150,000 Miles
150,000 Miles once you spend $30,000 in the first 3 months from account opening
2X-10X miles
Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions. Earn unlimited 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Travel, where you'll get the best prices on thousands of options.
The main draw of this Costco card is its bonus categories. It's one of the best business credit card options if your business spends heavily in the places where it earns bonus cash back.
Any type of driving-based business will save big with this card, thanks to its 4% cash back rate on gas and EV charging ($7,000 annual spending cap). Contractors, caterers, and anyone who is frequently on the road traveling to clients' homes could get a lot out of this card. It's also a natural fit for drivers for ride-hailing services, such as Uber and Lyft.
As you'd expect, this card would be a good choice for those who shop for business supplies at Costco often. The 2% cash back rate on Costco purchases will help you earn more back there. And since this card replaces your Costco membership card, you won't need to carry that anymore.
This could also work well if you want a cash back card that's suitable for travel. It earns 3% cash back on eligible restaurants and travel, an area where many travelers have high spending. Frequent business travelers might want a travel rewards card. But those who prefer the simplicity of cash back business cards may prefer this one.
The Costco Business Card might not be best for…
While this Costco business card is great for earning cash back, it doesn't offer much else. New cardholders don't get a sign-up bonus or a 0% intro APR. Since there are plenty of features this card is missing, it won't be right for every business.
If you have an online business, this card probably isn't the best choice. The Ink Business Preferred® Credit Card has a more diverse selection of bonus categories where it earns 3X points per $1, including social media and search engine advertising purchases. You'll be able to earn more rewards while promoting your business online.
This card isn't recommended for financing business expenses, either. If you're looking for a card you can use to pay off bills over time, either to launch or expand your business, consider the Ink Business Unlimited® Credit Card instead. It has a 0% intro APR on purchases.
How drivers can get the most out of this card
When driving is your business, or a part of it, you put a lot of miles on your car. You also go through a lot of gas -- or electricity, if you have an electric vehicle (EV). Either way, you'll earn quite a bit of cash back if you pay with this Costco business card.
I used to drive for Uber and Lyft while living in Los Angeles, where gas prices are high. From experience, and based on reports from other drivers, I know that drivers for ride-hailing services can easily spend $10 to $30 per day or more on gas.
If you work five days a week for 50 weeks per year, that's 250 work days total. Here's a look at how much cash back you could earn based on that schedule, depending on how much you spend per day on gas:
Gas Spending Per Day
Gas Spending Per Year
Cash Back Earnings
$10
$2,500
$100
$20
$5,000
$200
$30
$7,500
$285*
Data source: Author's calculations. *The first $7,000 in gas spending earns 4% ($280). The next $500 earns 1% ($5).
How Costco shoppers can get the most out of this card
Store credit cards are usually great for shopping at the issuing store. The Costco Anywhere Visa® Business Card by Citi is no exception. A 2% cash back rate is competitive with what the best credit cards offer, and you'll earn that at Costco warehouses and on Costco.com.
Let's say that you stock up on business supplies at Costco. You go there for office furniture, any electronics your business needs, printer paper, and so on. Between that and the rest of your shopping there, you spend $1,000 at Costco per month. That's $12,000 per year, which would earn you $240 in cash back.
By the way, the cash back you earn with this Costco credit card can stack on top of the 2% annual reward earned with a Costco Executive Business membership. That effectively doubles your cash back. On the same amount of Costco spending, you'd be at $480 in cash back.
This card offers one other important benefit: damage and theft purchase protection. If an eligible purchase is damaged or stolen, you can file a claim with this card's complimentary insurance. For any big-ticket items, like a new laptop, it's a good idea to pay with this Costco card for extra protection.
How business travelers can get the most out of this card
There are plenty of business travel cards available, but then you'll need to learn how to use the rewards they earn. If you'd rather stick to cash back, while still having a card that works for travel, this Costco card is one of the best options. It earns 3% on eligible restaurants and travel purchases, including Costco Travel.
Here are a few examples of how much you could earn in cash back during a trip:
$500 in airfare: $15 cash back
$2,000 on a hotel stay: $60 cash back
$1,000 at restaurants: $30 cash back
$700 for a rental car: $21 cash back
Total: $126 cash back
That's not the only reason this is an excellent card for travelers. It's a Visa credit card, and Visa is the most widely accepted payment network (along with Mastercard).
It also has no foreign transaction fees. Many cash back cards charge an extra 3% on every purchase abroad. If you spend $3,000 on an international business trip, this Costco card would effectively save you $90 in foreign transaction fees.
So you've decided the Costco Business Card is right for your business. Now what?
You can apply for the Costco Anywhere Visa® Business Card by Citi online. Select the "Apply Now" option, and you'll be taken to the application. Here's what you should know before you apply:
You must have an active Costco membership, and you'll need to provide your membership number on the application.
Citi will review your personal credit score and financial information, and it's known for being selective -- aFICO® Score of 720 or higher is recommended.
You'll need a business, but it can be any type of business, including a sole proprietorship.
Fill out the application with the required information. It will first ask for your business information, including the name, address, annual revenue, and legal structure. After that, you'll provide your personal information, including your Social Security number, date of birth, and annual income.
During the application process, you'll also have the option of adding up to three employees to your account as authorized users. Any employees you add must have a current Costco membership in their name. You'll be responsible for the charges your authorized users make.
If you have all the necessary information on hand, you'll probably finish the application within about 15 minutes. You may get an immediate decision after you submit your application -- hopefully, an instant approval.
Final thoughts
The Costco Anywhere Visa® Business Card by Citi is a straightforward business card. It's not feature-packed, but it could be a big earner for the right business owner.
To figure out if that's you, see how the bonus categories match up with your spending. If gas, travel, or Costco purchases make up a large portion of your expenses, then you'll get plenty of value from this card.
At Motley Fool Money, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.
We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how Motley Fool Money rates credit cards.
FAQs
There are no published credit limits for the Costco Anywhere Visa® Business Card by Citi. Credit limits between $1,500 and $25,000 have been self-reported by cardholders.
You can use this card to make purchases anywhere Visa credit cards are accepted.
Yes, the Costco Anywhere Visa® Business Card by Citi can help your business build business credit. However, it will not help you build your personal (consumer) credit.
Business credit cards only help you build personal credit if they are reported to the consumer credit bureaus. This card is issued by Citi. Reports indicate that Citi does not submit business card activity to the consumer bureaus.
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We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Motley Fool Money does not cover all offers on the market. Motley Fool Money is 100% owned and operated by The Motley Fool. Our knowledgeable team of personal finance editors and analysts are employed by The Motley Fool and held to the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
Discover Financial Services is an advertising partner of Motley Fool Money. Citigroup is an advertising partner of Motley Fool Money. JPMorgan Chase is an advertising partner of Motley Fool Money. Lyle Daly has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Costco Wholesale, JPMorgan Chase, Mastercard, Target, U.S. Bancorp, Uber Technologies, and Visa. The Motley Fool recommends Discover Financial Services and recommends the following options: long January 2025 $370 calls on Mastercard and short January 2025 $380 calls on Mastercard. The Motley Fool has a disclosure policy.
The Motley Fool owns shares of and recommends Visa and Mastercard.
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