This card is designed for business owners who spend a large amount on purchases of supplies or fuel for their business daily. The Citi Costco Anywhere Visa Business Card rewards its users with 4% and 3% cash back on gas and travel and restaurant spending, respectively. And you also get 2% of the money you spend on Costco purchases back. That way, this card can help you to reduce losses and maximize profits in your business.
Costco Visa Business
CASH BACK No Annual FeeAlso, unlike other store cards, the Costco Anywhere Business card can be used anywhere that accepts Visa and not just at Costco, offering 1% cashback on all other purchases you make. Purchasing a Business Card can be essential for small businesses to build credit, making the Costco Anywhere Business Card a great choice in this regard.
Other card details
The Costco Anywhere Visa Business by Citi is an excellent choice for business owners who spend a large amount on the card’s most rewarding categories: gas, restaurants, and travel. This card is also a good choice for purchases abroad, as it offers a 3% cash back fee on domestic and international dining and travel expenses.
Also, most credit cards restrict gas rewards to the US, but the Costco Anywhere Visa Business card offers its 4% fee for purchases worldwide, and with generally higher gas prices, receiving this cashback can easily lead to good savings. Costco Anywhere Visa Business also does not charge a foreign transaction fee, which can be very useful and valuable both for traveling and placing orders from abroad.
Citi’s Costco Anywhere Visa Business card gives you your money back once a year after your February billing statement closes. This means that all cash back earned in the previous year is issued to you in one go. The reward certificate can be redeemed for cash back or merchandise at any US Costco warehouse. Receiving your rewards annually can encourage you to invest the amount rather than spend it.
Learn more about Costco Anywhere Visa Business Card
The Citi Costco Anywhere Visa Business Card is available to Costco members only. So you need to pay the $60 required to become a Costco member or $120 if you want to be an executive member. For businesses that already buy the majority of their supplies from Costco, this card is an easy way to earn generous rewards in those spending and other categories.
This card is ideal for small businesses that rely on wholesale clubs like Costco to buy the bulk items they need on a daily basis. Also, the card earns impressive rewards on gas purchases worldwide, travel and dining, and online shopping with Costco, being considered by Citi as one of the best credit cards for small businesses.
Also, to be approved for a Citi Costco Anywhere Visa Business card, you need a credit score of 720 or higher. The Citi Costco Anywhere Visa Business Card reports to all three credit bureaus. Companies that frequently shop with Costco can see their cash rewards increase – even better with no annual fee – and no overseas transaction fees.
Other Benefits of the Costco Anywhere Visa Business Credit Card
This card offers a lot of benefits that can help you manage your income and your financial life including:
- Purchase Protection: Refund or replacement in case of damaged or stolen purchases
- Virtual Card Number: For more safety online shopping, you can generate a Citi Virtual Card Number to replace your real account number.
- Early fraud alert
- Citi Entertainment: Access to pre-sale tickets and special events
- Citi Concierge: Access to a Citi’s expert staff to help save your business time
- Digital Wallets: Allow you to shop with confidence from thousands of apps and online stores.
- Contactless payment card: Contactless chip-enabled card
Is this card for you?
If you are looking for a card with a generous rewards structure, this card will be a great choice for you. Business owners with regular travel expenses who want to earn great rewards on those expenses and don’t want to pay foreign transaction fees while traveling internationally will benefit greatly from this card.
Also, if you like to accumulate your rewards over a long period and then redeem them all at once, you will do well with this card. Besides, if you already shop at Costco regularly, adding a credit card to your wallet can be an excellent choice. Since there are a cashback program and no annual fees, this card provides a unique offer.
This card will also allow you to boost your business score which eventually leads to more financial access or better payment terms with sellers or merchants.
If you think is time to get yours, sign up for Costco Anywhere Visa Business Card now and enjoy all its benefits!
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