You can earn 1% to 5% back with the Costco Anywhere Visa by Citi, a credit card for Costco members. Heavy Costco gas buyers can earn up to $350 per year from fuel before the rate drops. Your exact total depends on where you spend. Gas, dining, travel, and warehouse purchases earn higher rates, while other Visa purchases earn 1%.
Table of Contents
- What rate do you earn in each category?
- How much can gas spending really return?
- When and how do you receive the money?
- What does membership add to the return?
What rate do you earn in each category?
The card pays its highest rate on fuel. According to Citi, it earns 5% cash back on gas at Costco warehouses worldwide, as described in Citi's additional card information. Other fuel earns slightly less. According to Citi, other eligible gas and EV charging earns 4%, as explained in Citi's guide to earning cash back.
Dining and travel sit in the middle tier. The card earns 3% on restaurants and eligible travel, including Costco Travel bookings. Warehouse shopping earns 2% on other Costco and Costco.com purchases. All other Visa purchases outside bonus categories earn 1%.
How much can gas spending really return?
The fuel rate has an annual cap. The 5% Costco gas rate and 4% other gas and EV charging rate share a combined $7,000 yearly spending limit. Spending above that limit earns 1%. The math favors moderate drivers.
Someone spending $3,000 per year on Costco gas would earn $150. Someone spending $7,000 per year, all at Costco gas stations, would earn $350. A driver who spends $10,000 on eligible fuel would earn the capped amount plus 1% on the extra $3,000. That extra spending adds $30, for a $380 fuel total.
When and how do you receive the money?
Rewards build throughout the year but pay once annually. The certificate is issued after the February billing statement closes.
You need more than $1 in rewards and an open account. Redemption requires an in-person warehouse visit. Use this process at payout time: Online redemption is not available, so plan one warehouse trip for the certificate.
- Bring the annual certificate to a U.S. Costco warehouse, including Puerto Rico
- Choose cash or merchandise at the register
- Use the full amount before December 31 of the issuance year
What does membership add to the return?
The card has a $0 annual fee only with an active paid Costco membership. Non-members cannot get or keep full value without joining, so count membership in your savings calculation. Executive members have a separate way to add warehouse rewards.
According to Costco, Executive members can earn an annual 2% Reward on qualified Costco purchases, capped at $1,250 per 12 months and mailed with the renewal notice, as shown on Costco's Executive membership benefits page. That Executive Reward stacks with credit-card rewards on eligible warehouse purchases. A $5,000 year of qualified Costco purchases could therefore produce $100 from the 2% credit-card rate plus up to $100 from the separate Executive Reward.
