Question: Is It Worth Getting A Costco Credit Card?

What are the benefits of a Costco credit card?

Costco Anywhere Visa® Cards by Citi4% cash back on eligible gas worldwide, including gas at Costco, for the first $7,000 per year and then 1% thereafter.

3% cash back on restaurant and eligible travel purchases worldwide.

2% cash back on all other purchases from Costco and Costco.com.

1% cash back on all other purchases..

What kind of credit score do you need for a Costco credit card?

720Costco reports that you’re “more likely to be approved” for their Citi Visa card with a score of 720 or higher. There are reports of users being approved with a score as low as 600. Ensuring your revolving balances are low and that you have less than six inquiries will help.

Can you use Costco credit card same day?

You cannot use a Citi Costco Anywhere card immediately after approval. You will have to wait for your physical credit card to arrive before you can make any purchases. You should receive it within 10 business days of account approval.

What is the limit on a Costco credit card?

$500The Costco Credit Card limit is at least $500 for all cardholders, according to the Costco Anywhere Visa terms and conditions. It is possible to start with a limit above $500, though, and some cardholders report limits as high as $10,000+.

What credit score do you need for a Citi card?

700You need a credit score of at least 700 for a Citi credit card in most cases. That means applicants for Citi credit cards need at least good credit to be approved. But it really depends on which card you’re after. Some Citi credit cards require higher scores, and one has no minimum score at all.

What is the hardest credit card to get?

American Express Centurion CardCenturion® Card from American Express Why it’s one of the hardest credit cards to get: The hardest credit card to get is the American Express Centurion Card. Known simply as the “Black Card,” you need an invitation to get Amex Centurion.

What happens to my Costco credit card if I cancel my membership?

Unfortunately, if you cancel your Costco membership, you’ll also lose your Costco credit card. According to the card’s fine print: “We may cancel your Card Account and participation in the Costco Cash Rewards Program if you do not maintain your Costco membership.”

Is the Costco credit card worth it?

Credit cards don’t generally offer bonus rewards on wholesale clubs, so the 2% cash-back rewards at Costco and Costco.com on the Costco Anywhere Visa® Card by Citi can make the card worth getting for some Costco loyalists. The card’s generous bonus categories for gas, travel, and dining out can sweeten the deal.

Is the Costco credit card hard to get?

Costco Citi Card approval odds are best for Costco members who have a credit score of 750+ and a steady income – enough to make payments on the card, which has a minimum credit limit of $500. … Also, keep in mind that you must be a Costco member to apply for this card, so your approval odds are zero without a membership.

Do I need Costco membership if I have Costco credit card?

No, a Costco membership is required to apply for a Costco credit card. Additionally, the membership must remain open and in good standing to earn and redeem rewards.

Where is the easiest place to get a credit card?

Best Instant Approval Credit Cards:Discover it® Secured Credit Card: Rewards.Fingerhut Credit Account: Bad Credit.OpenSky® Secured Visa® Credit Card: No Credit Check Approval.Costco Anywhere Visa® Card by Citi: Excellent Credit.Credit One Bank® Visa® Credit Card: No Deposit.

What is the interest rate on Costco credit card?

Compare to other cardsCostco Anywhere Visa® Card by CitiBank of America® Premium Rewards® credit cardApply NowApply NowAnnual Fee $0Annual Fee $95Regular APR 15.24% Variable APRRegular APR 15.99% – 22.99% Variable APRIntro APR N/AIntro APR N/A2 more rows

Can you pay with Visa at Costco?

Credit cards accepted at Costco When you shop at Costco, you can use the warehouse club’s co-branded card, the Costco Anywhere Visa® Card by Citi, as well as any other credit card backed by the Visa network.

What bank is Costco credit card?

CitiCostco Anywhere Visa® Cards By Citi.

What does your credit score need to be to get a Amazon credit card?

640The Amazon.com Store Card credit score requirement is 640 or higher; this means that you need at least fair credit to get this card. The better your credit score is, the higher your approval odds will be.

How do I pay off Costco credit card?

Here’s how to make a Costco Credit Card payment: Sign into your account on the Citibank website. Click the “Payments” tab, select “Make A Payment,” and choose a payment to use to complete the transaction. Citi mobile app. Citi’s free Apple and Android apps offer the same features as the Citi website.

Is the Amazon credit card worth it?

The Amazon Prime Rewards card is undoubtedly worth it if you frequently order from Amazon—especially if you spend over $2,380 each year on the site or spend big on Amazon Prime Day. (Note, business owners may save even more with the Amazon Business Prime American Express Credit Card’s extra reward categories.)

Does the Costco credit card include membership?

While the card itself has no annual fee, cardholders must have a paid Costco membership, which start at $60 for Gold Star and Business levels, then doubles in price to $120 for Gold Star Executive and Business Executive members. If you’re already a Costco member, this isn’t really an added cost.

How do I get a free Costco membership?

Free Costco MembershipUse a discounted Costco gift card. … Get rebates from your Costco trip with Ibotta. … And use Checkout51 for even more rebates. … Get free cash for a Costco membership with Swagbucks. … Get cash instantly for a free Costco membership with Qmee. … Make $60 just for signing up for websites.More items…•Nov 18, 2020

Can you get a credit card with a 550 credit score?

The best credit card for a 550 credit score is the OpenSky® Secured Visa® Credit Card. There’s no credit check when you apply, so approval is almost guaranteed. You just need $200 for a refundable security deposit and enough income to make monthly payments.

How many credit cards should you have?

To prepare, you might want to have at least three cards: two that you carry with you and one that you store in a safe place at home. This way, you should always have at least one card that you can use. Because of possibilities like these, it’s a good idea to have at least two or three credit cards.