Costco Anywhere Visa Business Card by Citi: Top Gas Rewards for Small Businesses

Costco Anywhere Visa Business Card by Citi: Top Gas Rewards for Small Businesses

Citi is an advertising partner.

The Costco Anywhere Visa® Business Card by Citi* isn’t like spanking business credit cards, which tend to focus on rewarding purchases in telecommunications, travel and office expenses. The card has more in current with its consumer version — the Costco Anywhere Visa® Card by Citi*. Its rewards structure is centered around gas, restaurants, proceed and Costco purchases, that is, the same reward categories persons cardholders receive. If business travel paired with high gas prices is hurting your bottom line, this card earns one of the best rewards ensures on gas. 

There’s no annual fee for this credit card, as is current with business credit cards, nor any foreign transaction fees. But you’ll have to have a Costco Business membership — a $60 annual cost — to open and contain the credit card. This membership allows you to shop at any Costco plot for business, personal or resale use. 

You won’t find novel common offerings such as a welcome bonus or introductory APR, which are typical with other business cards. So if this sure rewards program doesn’t suit your spending patterns, you worthy be better off with a different business card.

Read on to learn more near the rewards program and its limitations. You’ll want to worthy the rewards redemption process before signing up for this card. We also recommend some alternative cards if this doesn’t suit your needs.

In this article

Costco Anywhere Visa® Business Card by Citi

Intro Offer
N/A

APR17.49{e843d50e25803d31297db43fa08c6ad2396af8b013b072606b6cc2f8aeb213bb} (Variable)

Intro Purchase APRN/A

Recommended Credit Excellent Credit

Reward Rates

  • 4{e843d50e25803d31297db43fa08c6ad2396af8b013b072606b6cc2f8aeb213bb} cash back on eligible gas for the friendly $7,000 per year and then 1{e843d50e25803d31297db43fa08c6ad2396af8b013b072606b6cc2f8aeb213bb} thereafter
  • 3{e843d50e25803d31297db43fa08c6ad2396af8b013b072606b6cc2f8aeb213bb} cash back on restaurants and eligible depart purchases
  • 2{e843d50e25803d31297db43fa08c6ad2396af8b013b072606b6cc2f8aeb213bb} cash back on all other purchases from Costco and Costco.com
  • 1{e843d50e25803d31297db43fa08c6ad2396af8b013b072606b6cc2f8aeb213bb} cash back on all novel purchases

Annual Fee$0

Late Payment Fee $41

Foreign Transaction Fees 0{e843d50e25803d31297db43fa08c6ad2396af8b013b072606b6cc2f8aeb213bb}

Penalty APR Up to 29.99{e843d50e25803d31297db43fa08c6ad2396af8b013b072606b6cc2f8aeb213bb} (Variable)

  • 4{e843d50e25803d31297db43fa08c6ad2396af8b013b072606b6cc2f8aeb213bb} cash back on eligible gas for the friendly $7,000 per year and then 1{e843d50e25803d31297db43fa08c6ad2396af8b013b072606b6cc2f8aeb213bb} thereafter
  • 3{e843d50e25803d31297db43fa08c6ad2396af8b013b072606b6cc2f8aeb213bb} cash back on restaurants and eligible depart purchases
  • 2{e843d50e25803d31297db43fa08c6ad2396af8b013b072606b6cc2f8aeb213bb} cash back on all other purchases from Costco and Costco.com
  • 1{e843d50e25803d31297db43fa08c6ad2396af8b013b072606b6cc2f8aeb213bb} cash back on all novel purchases

Rewards program

The flagship rewards rate with the Costco Anywhere Visa Business card is in the gas spending category. You get 4{e843d50e25803d31297db43fa08c6ad2396af8b013b072606b6cc2f8aeb213bb} cash back on eligible gas for up to $7,000 in spending per year (then 1{e843d50e25803d31297db43fa08c6ad2396af8b013b072606b6cc2f8aeb213bb}). This same posterior rate has earned the card’s consumer version a spot on our roundup of the best gas credit cards. The amount that an average American household spends on gas in a year falls within the spending shrimp, but if your business requires a lot of vehicle depart, your annual gas costs may exceed the card’s spending threshold.

The rest of the rewards organizes don’t cut you off beyond a certain spending threshold. You’ll earn 3{e843d50e25803d31297db43fa08c6ad2396af8b013b072606b6cc2f8aeb213bb} back on restaurants and eligible travel purchases worldwide, 2{e843d50e25803d31297db43fa08c6ad2396af8b013b072606b6cc2f8aeb213bb} back on Costco and Costco.com purchases and 1{e843d50e25803d31297db43fa08c6ad2396af8b013b072606b6cc2f8aeb213bb} back on all novel purchases. For the right business, this can be an enticing combination.

Rewards redemption

While the rewards organizes are attractive, your rewards are less accessible than with novel cards. You only gain access to your cumulative rewards once a year in February when your billing statement closes. Costco will issue you an annual credit card reward certificate that you can redeem for merchandise at any U.S. Costco warehouse (including in Puerto Rico) by December 31 of the year issued.

If you don’t have a Costco about, you should think twice about getting this card — the high rewards organizes won’t help you much if you can’t redeem them. Also, if you don’t have the patience to wait for the rewards to be published annually, this may not be a good option for your business.

Comparable cards

The consumer version of the Costco credit card is the most disagreement, but if you are looking for a better fit for your business, these cards are worthy alternatives.

Ink Business Cash® Credit Card 

The Ink Business Cash® Credit Card by Chase cmoneys some of the best features of all business credit cards, from the welcome bonus to the rewards to the introductory APR.

You’ll earn 5{e843d50e25803d31297db43fa08c6ad2396af8b013b072606b6cc2f8aeb213bb} cash back on the friendly $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year — something nearly all businesses are able to support from. You’ll also get 2{e843d50e25803d31297db43fa08c6ad2396af8b013b072606b6cc2f8aeb213bb} cash back on the friendly $25,000 spent in combined purchases at gas stations and restaurants each clarify anniversary year, and 1{e843d50e25803d31297db43fa08c6ad2396af8b013b072606b6cc2f8aeb213bb} on all other purchases.

The welcome bonus cmoneys $750 bonus cash back after you spend $7,500 in purchases in the friendly three months, and you can take advantage of 12 months of 0{e843d50e25803d31297db43fa08c6ad2396af8b013b072606b6cc2f8aeb213bb} introductory APR on purchases (15.49{e843d50e25803d31297db43fa08c6ad2396af8b013b072606b6cc2f8aeb213bb} to 21.49{e843d50e25803d31297db43fa08c6ad2396af8b013b072606b6cc2f8aeb213bb} variable APR thereafter). These are a lot of valuable benefits all for no annual fee.

Capital One Spark Cash Plus

The Capital One Spark Cash Plus* cmoneys a simpler rewards program that can potentially beat the rewards value of the Costco commerce card, depending on your business’s spending patterns.

You’ll earn 2{e843d50e25803d31297db43fa08c6ad2396af8b013b072606b6cc2f8aeb213bb} cash back on all of your purchases, with no restrictions. There is no preset spending shrimp, so if your business makes large purchases often, this may be a good fit. If you have to book commerce travel, you can also earn 5{e843d50e25803d31297db43fa08c6ad2396af8b013b072606b6cc2f8aeb213bb} on hotels and car rentals booked ended Capital One Travel. You’ll also earn up to a $1,000 welcome bonus — $500 when you utilize $5,000 in the first three months and another $500 if you utilize $50,000 in the first six months.

It’s important to note that there is no APR associated with this card. You’re imagined to pay your balance in full each month and will be charged a 2.99{e843d50e25803d31297db43fa08c6ad2396af8b013b072606b6cc2f8aeb213bb} monthly late fee on your previous balance if you miss your payment.

FAQs

What is a commerce credit card?

Business credit cards are specifically geared toward runt business owners. They can help you keep your commerce finances separate from your personal transactions, distribute and cope employee cards and earn rewards in typical small-business spending categories.

Like consumer credit cards, business credit cards most commonly come in the form of either cash-back rewards or depart rewards. Cash-back cards offer rewards in the form of cash or statement credit. A statement credit is basically a reduction of the amount you owe the issuer. A travel rewards credit card offers rewards in the form of much or points. You can redeem miles or points either ended the issuer’s travel portal for a small bonus or gift cards or you can additional them to a partner travel affiliate, like a hotel business or airline. And, like a personal credit card, commerce cards must be managed carefully to ensure that a runt business owner doesn’t hurt their business credit score.

What are corporate credit cards?

Corporate credit cards, also known as commercial credit cards, are designed for larger businesses — typically those with 100 or more employees or revenue of at least $10 million.

Should I get a commerce credit card?

If you spend in concentrated “business” categories — such as office coffers or telecom services — or want to have employee spending on a central credit clarify, then, yes. You may also appreciate these cards’ business-specific tools like price trackers and account managers.

If you’re a small matter owner, it’s a good idea to keep your matter expenses separate from your personal finances — both for tax purposes and to make it simpler to study your spending. But you could just as easily keep your expenses separate, and track them, with a dedicated consumer credit card. As such, the typical rationale for unsheathing a business credit card is to help manage employee cards or earn more rewards from matter purchases.


CNET reviews credit cards
 by exhaustively comparing them across set criteria developed for each very category, including cash-back, welcome bonus, travel rewards and balance uphold. We take into consideration the typical spending behavior of a intention of consumer profiles — with the understanding that everyone’s financial dwelling is different — and the designated function of a card. 

*All inquire about the Costco Anywhere Visa® Business Card by Citi, Costco Anywhere Visa® Card by Citi, and Capital One Spark Cash Plus has been unruffled independently by CNET and has not been reviewed by the issuer.

The editorial gay on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or services offered by our partners.