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 fuel stations worldwide (together with Costco fuel 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 price in case you are a Costco member.
- No international transaction price.
Disadvantages
- You have to have an lively Costco membership in your identify. We might 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 important 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 fuel stations can earn 4% money again, after you can 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.
Really helpful 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 accredited or not.
- Citi values the variety of latest onerous pulls rather a lot, we suggest you apply when there’s lower than 6 onerous pulls previously 6 months.
- We suggest you apply for this card after you have got a credit score historical past of a minimum of one yr.
Abstract
It is a nice no-annual-fee cashback card! Amongst no-annual-fee playing cards, the 4% cashback price on fuel (together with Costco fuel) is presently 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 choose no-annual-fee cashback playing cards, this one is nice for long-term use! Nonetheless, this card doesn’t provide a sign-up bonus, so one of the best ways to get it’s by product altering or downgrading, relatively than making use of instantly.
Be aware that though this can be 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. Nonetheless, the US Financial institution Altitude Reserve (UAR) affords 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 provide 2% cashback on all purchases, can be utilized at Costco and supply the identical return price as this card.
It’s price noting that you have to be a Costco member to use for this card, and the membership price is both $60 (no further cashback at Costco) or $120 (with an extra 2% cashback at Costco). If you happen to’re not already a Costco member, is it price getting one only for this bank card? In all probability not, as the cardboard’s advantages aren’t excellent once you issue within the $60 membership price. However you possibly can strive a yr of membership to see should you change into a Costco fan!