How Long Take for Costco Business Cards Review

Many or all of the products here are from our partners that pay u.s. a committee. It'southward how we make money. But our editorial integrity ensures our experts' opinions aren't influenced by bounty. Terms may apply to offers listed on this page. Citi is an advertising partner of The Ascent.

If you're a business organization owner who does quite a bit of shopping at Costco, so yous could become a lot of money back with the Costco Anywhere Visa® Business Card by Citi, an advert partner with The Rising. This card offers several bonus categories that make it great for earning cash back, and it won't cost you annihilation extra. To come across if you should apply, bank check out the good and the bad of this carte in our Costco Anywhere Visa® Business Menu by Citi review.

Costco Anywhere Visa® Business Card past Citi

Costco Anywhere Visa® Business Card by Citi

Intro APR

Purchases: N/A

Residuum Transfers: N/A

Regular Apr

fifteen.24%, variable

Annual Fee

$0 for Costco members

The gas cash back, lonely, makes this a winner. The premium cash dorsum for restaurants, travel, and Costco purchases make it hard to crush, even more than and so for Costco members.
- Gas rewards
- Costco rewards
- Travel and dining rewards
- Purchase protections
- No strange transaction fee
- No sign-upwards bonus
- No 0% intro APR offer
- Difficult cash back redemptions
- Detect the merely business organization credit card designed exclusively for Costco members
- 4% cash back on eligible gas for the first $7,000 per year and then 1% thereafter
- 3% greenbacks back on restaurants and eligible travel purchases
- two% cash dorsum on all other purchases from Costco and Costco.com
- ane% cash back on all other purchases
- No almanac fee with your paid Costco membership and enjoy no foreign transaction fees on purchases
- Whether you're traveling for business organisation or pleasure, enjoy no strange transaction fees on purchases
- Receive an annual credit card reward certificate, which is redeemable for cash or trade at U.South. Costco warehouses, including Puerto Rico

Full Costco Business Card review

This credit card is a skillful fit for: Business organisation owners who shop at Costco and want to earn some of the top cash back rates on the marketplace.

Top perks

Up to 4% back

The Costco Anywhere Visa® Business concern Card past Citi earns the post-obit cash back rates:

4% for eligible gas spending worldwide, including gas at Costco (applies to the first $vii,000 spent in this category per year)
three% on eligible travel and restaurants (including purchases made through Costco Travel)
2% on all other eligible spending through Costco or Costco.com
1% on all other eligible spending

Some credit cards earn more back on either gas and groceries or travel and restaurants, but not both. With the Costco Anywhere Visa® Business Card by Citi, you lot won't need to choose, considering it earns aplenty cash back in all those categories.

No annual fee

This is a no-annual-fee card, although you will need to pay an annual fee for a Costco membership. Ane extra perk of having a Costco credit menu is that you can carry that instead of your Costco membership menu.

No foreign transaction fee

You can utilize this bill of fare anywhere in the earth without paying an extra fee.

Damage and theft purchase protection

Your Costco Anywhere Visa® Business Card by Citi may cover repair costs or refunds if eligible purchases you lot make with the carte du jour are damaged or stolen. The card's purchase protection lasts for 120 days from the date of the sale (or 90 days for residents of New York).

What could be improved

Rewards for Costco purchases

While the greenbacks dorsum this card earns is a plus, information technology does fall a bit brusk when it comes to the percentage you can earn at Costco (also the store'south gas stations) and Costco.com. For a store menu, 2% back at the shop itself isn't the best.

Sign-up bonuses are a popular incentive many credit cards offer to new clients, but the Costco Anywhere Visa® Business Card past Citi doesn't accept i.

0% intro APR intro offer

Some business credit cards have 0% intro APR offers, which are useful for clients who have expensive business organisation purchases they demand to pay off over fourth dimension. With this card, you lot'll pay the standard interest rate from the beginning.

Ane annual cash back distribution

A potential frustration is that you lot tin't just redeem your cash back at any time. Instead, you'll receive your cash back for the prior year after the shut of February's billing cycle. Most cardholders get a reward certificate, although Citi and Costco reserve the right to ship greenbacks back of over $ten,000 through alternative methods.

Yous can use your advantage certificate for cash back or to purchase merchandise. The certificate is proficient until Dec. 31 of the year yous receive information technology.

This method of receiving cash back is obviously less convenient than redeeming information technology online whenever you have enough for the redemption minimum, which is what most greenbacks back cards offer. And the bigger problem is that all your cash back is forfeit if your credit account is airtight earlier reward certificates are sent out. If you lot determine you want to shut your card in June, you'll take to expect until the next twelvemonth or throw away all your cash back.

Notice the all-time credit card for your needs

Compare credit menu rewards, fees, APRs, and more than using our side-by-side comparing tool.

TIP

Amp up your cash back

Cardholders with a Gold Star Executive membership tin can earn an additional 2% back on purchases. Combined with this card, you'll earn 4% back on Costco purchases and 5% back on travel.

Suggested credit score

To have the all-time chance of getting the Costco Anywhere Visa® Business Card by Citi, you should have an excellent credit score of at least 720. Although this is a business credit menu, Citi too heavily weighs your personal credit during the application process.

You're eligible for a business card with whatsoever blazon of business, including a sole proprietorship, and your business doesn't need to be making money yet. A Costco membership number is required to fill out the application.

Alternatives to consider

If you desire a 0% intro APR offer to finance business expenses: You tin't do much ameliorate than the Ink Concern Greenbacks® Credit Carte du jour, which offers a 12-month 0% intro April on purchases. That'south one of many perks on this impressive no annual fee card, as information technology also offers upwards to 5% back in select spending categories and has ane of the biggest sign-up bonuses of whatever business organisation credit card.

If y'all want to earn a high cash back rate on your spending: The Capital 1® Spark® Cash Select for Concern earns an unlimited 2% back on purchases, and information technology offers a $500 bonus when you spend $4,500 within three months. Although this card has a $95 annual fee, that is waived for the first yr.

As of Apr. 19, 2022


Ink Business organisation Cash® Credit Card	Capital One Spark 2% Greenbacks Plus
Rating paradigm, 4.50 out of 5 stars. 4.fifty stars We want your coin to work harder for y'all. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.	Rating image, four.fifty out of 5 stars. four.50 stars We want your money to work harder for yous. Which is why our ratings are biased toward offers that evangelize versatility while cutting out-of-pocket costs.
Utilize At present for Ink Business Cash® Credit Card On Hunt's Secure Website.	Read Review
Read Full Review

Credit Rating Requirement: Good/Excellent (670-850)	Credit Rating Requirement: Adept/Excellent (670-850)

Welcome Offering: $750	Welcome Offering: $1,000

Rewards Program: one% - 5% back	Rewards Program: 2% greenbacks dorsum

Intro APR: Purchases: 0%, 12 months Residuum Transfers: N/A	Intro APR: Purchases: N/A Balance Transfers: N/A

Regular April: 13.49% - xix.49% Variable	Regular April: Pay in full, ii.99% monthly belatedly fee otherwise

Annual Fee: $0	Annual Fee: $150

Highlights: Earn $750 bonus cash back after you spend $vii,500 on purchases in the starting time three months from account opening Earn 5% cash back on the get-go $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each business relationship anniversary year Earn 2% cash dorsum on the kickoff $25,000 spent in combined purchases at gas stations and restaurants each account ceremony year. Earn 1% cash back on all other purchases With Fraud Protection your card transactions volition exist monitored for possible signs of fraudulent activity using existent-fourth dimension fraud monitoring. With Zero Liability yous won't be held responsible for unauthorized charges made with your card or account information. No Annual Fee Redeem rewards for greenbacks dorsum, souvenir cards, travel and more than through Chase Ultimate Rewards®. 0% introductory Apr for 12 months on purchases	Highlights: Earn upwardly to $1,000 in bonuses; $500 cash bonus one time you spend $five,000 on purchases within three months, plus some other $500 for spending $50,000 in the get-go half dozen months Earn unlimited 2% cash back for your business organisation on purchases, no limits or category restrictions Earn a $200 cash bonus every year you spend $200,000 or more than on your card $150 annual fee Gratis employee cards, which as well earn unlimited ii% cash back on all purchases $0 Fraud Liability if your card is lost or stolen Rewards won't expire for the life of the account, and you can redeem your greenbacks back automatically No foreign transaction fees
Utilise Now for Ink Business Cash® Credit Carte On Hunt's Secure Website.
Show More Show Less

Capital One Spark 2% Cash Plus is unavailable on The Ascent. All information was collected independently from the issuer. Some items may be out of date.

This card is right for you if:

With its iv% cash back rate on gas, the Costco Anywhere Visa® Business Carte by Citi is ideal if your business has you or your employees on the road often. Information technology'southward also obviously a fantastic choice if Costco is your retailer of choice. If you shop at Costco for most of your business concern supplies and utilise Costco Travel to book your trips, then you'll get quite a bit of value from this card.

FAQs

At that place are no published credit limits for the Costco Anywhere Visa® Business Card by Citi. Credit limits between $one,500 and $25,000 have been self-reported by cardholders.
You can use this card to brand 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 yous 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 point that Citi does not submit business menu activity to the consumer bureaus.

The Motley Fool owns shares of and recommends Visa.

keeneygleir1986.blogspot.com

Source: https://www.fool.com/the-ascent/credit-cards/costco-visa-business-card-citi-review/