Costco Anywhere Visa by Citi: rewards and the payout catch
What it earns
Annual fee: $0 card fee with a paid Costco membership.
| Earn | Where to use it |
|---|---|
| 5% | Gas at CostcoShares a $7,000 annual spending cap with the 4% category; then 1%. |
| 4% | Other eligible gas and EV chargingSame shared $7,000 cap; then 1%. Exclusions apply. |
| 3% | Restaurants and eligible travelIncludes Costco Travel. |
| 2% | Other Costco and Costco.com purchasesWarehouse shopping is not the 5% gas category. |
| 1% | Everything elseAlso applies after the shared gas and EV cap. |
Standard purchase rates, checked Sep 13, 2026. Issuer terms (opens in a new tab). Limited-time bonuses are separate.
TL;DR
- Strong gas rewards if you already pay for Costco membership.
- Costco shopping earns 2%. The 5% rate is for Costco gas.
- Rewards pay annually, so this is not monthly cash back.
New here? How to read these guides
Start with the earning table and TL;DR. Then check who the card fits, a spending example and how to redeem. Compare the live offer before applying.
- Cash back
- A percentage back on eligible spending. 3% on $100 = $3.
- Points / miles
- 2X means 2 points per $1 spent. It does not automatically mean 2% back. Each program has different redemption values.
- Welcome bonus / SUB
- Extra rewards for meeting an offer's spending requirement by its deadline. SUB means sign-up bonus.
- Churning
- Opening cards for welcome bonuses. Start with one card you can manage, not a pile of applications. Fees, interest and overspending can erase the upside.
- Transfer
- Moving rewards to an airline or hotel program. Often a one-way move.
The first rule: pay your statement balance in full. Interest can wipe out the rewards.
Who this card is for
You already shop at Costco, buy eligible gas and do not mind waiting for the payout. For purchases outside its bonus categories, compare a higher base-rate card.
What that earns in real life
Illustration: $200 at Costco gas earns $10, and $500 on other Costco purchases earns $10. Total: $20, assuming you are below the shared gas and EV cap.
How to use the rewards
Citi issues a reward certificate after your February statement closes. It is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico, through December 31.
This is cash back, not Citi ThankYou points. Do not open it expecting airline transfers.
Before you apply
A paid Costco membership is required. The gas and EV spending cap is combined, not $7,000 for each rate. Check Citi's eligible-merchant exclusions.
Compare the current application terms. The annual payout is the main trade-off if you prefer redeeming rewards throughout the year.
Pay your statement balance in full. Interest can cost more than the rewards you earn.
Quick questions
Does the Costco Citi card earn 5% inside Costco?
No. Other Costco and Costco.com purchases earn 2%. The 5% category is Costco gas, subject to the shared spending cap.
Can I transfer Costco Citi rewards to airlines?
No. This card earns cash-back rewards, not transferable ThankYou points.
Sources & what to double-check
Published Sep 13, 2026. Reviewed Sep 13, 2026. Offers can change.
- Citi: Costco Anywhere Visa rewards and terms (opens in a new tab)
- Citi: reward certificate FAQ (opens in a new tab)
- Gas and EV eligibility, excluded merchants and the shared annual cap.
- Membership requirements and current pricing.
- Certificate delivery, redemption requirements and expiration.
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