Citi
Costco Anywhere Visa Business Card by Citi
Earn unlimited cash back on purchases everywhere Visa is accepted with no annual fee. Perfect for Costco business members looking for flexible rewards without enrollment requirements.
Annual fee
None
Top rate
5x gas & ev charging
Quick look
Costco Rewards Everywhere
Earn cash back with no annual fee
3.6
out of 5
Rewards
Fees
Welcome bonus
Perks
Value
Overall score is a weighted average: Rewards 20% · Fees 20% · Welcome bonus 20% · Perks 20% · Value 20%.
Ideal for
Business owners with a Costco membership and recurring fuel, dining, and travel expenses who are willing to manage annual certificate redemption.
The verdict
The Costco Anywhere Visa Business Card is a straightforward no-annual-fee option for business owners who are Costco members and spend heavily on gas, travel, and dining. The 5% cash back on Costco gas is the highest rate in its category, and the combined 3% dining and travel bonus stacks well for business travel. But the card's weakness is also its core mechanic: rewards don't post monthly—they accumulate and pay out once per year as a Costco certificate, making it difficult to track value or redirect earnings mid-year.
The card shines specifically for Costco-dependent businesses with high fuel costs. For everyone else—especially those without a membership or who prefer flexible redemption—the rewards structure and membership requirement make it a niche fit.
Pros
- Highest gas rewards rate on the market at 5% when shopping at Costco warehouses
- No annual fee when paired with an active Costco membership (Gold or higher)
- No foreign transaction fees, making it practical for international business expenses
- Combined 3% on dining and travel rewards covers two major business spending categories
Cons
- Annual reward payout only—earnings are issued once per year as a Costco certificate rather than monthly or on demand
- Requires active Costco business membership ($65–$130+ annually) just to qualify
- No welcome bonus when the card is opened, putting it behind competitors offering $200 cash back
- Rewards cap on gas: the 4–5% rate applies only to the first $7,000 in combined Costco gas and EV charging per year, then 1% thereafter
- Just 2% cash back on Costco.com and in-warehouse purchases limits flexibility outside fuel category
Reward rates
| Category | Rate | Details |
|---|---|---|
| Gas & EV charging | 5x | 5% cash back on gas purchased at Costco warehouse locations worldwide |
| Gas & EV charging | 4x | 4% cash back on other eligible gas and EV charging (first $7,000/year combined, then 1%) |
| Dining & restaurants | 3x | 3% cash back on restaurants and eligible travel purchases worldwide |
| Groceries | 2x | 2% cash back on all other Costco and Costco.com purchases |
| Everything else | 1x | 1% cash back on all other purchases |
The card's rewards structure is category-specific and depth-dependent on your business spending mix. Gas is the standout: 5% at Costco warehouses is the highest rate in the catalog, beaten only by cards with annual fees or that require enrollment in rotating categories. The second tier—4% on eligible gas and EV charging outside Costco for the first $7,000 annually—is solid but capped. Dining at 3% ranks middle-tier (17th out of 77 cards offering dining rewards), which is competitive for a no-fee card but trails premium business travel cards. Costco and Costco.com purchases at 2% are modest; groceries at supermarkets aren't bonused at all. Everything else earns 1%, putting you at the tail end of cash-back cards in that category. The real mechanic to understand: earnings don't settle monthly. The card issues all accumulated cash back once per year as a Costco certificate, which means no mid-year adjustment if your business needs change and no ability to move earnings elsewhere.
Fees and APR
Does it pay for itself?
No annual fee is the card's strongest value proposition—particularly for a business card with this much earning potential on gas. A $65+ Costco membership is required to hold the card, but that's separate from the card fee itself and applies whether or not you carry this card. Compared to business alternatives, cards offering the same flat-rewards structure (like the AT&T Points Plus Card from Citi) run $0, and higher-tier options (like the IHG One Rewards Premier Business Card) charge $95+. If you already maintain a Costco membership for business inventory or supplies, adding this card is a pure upside at zero cost.
Welcome bonus
Is it worth chasing?
No introductory offer is a real miss. Competitors in the no-fee business cashback space—AT&T Points Plus ($200 statement credit) and the personal Costco card (also no bonus)—set different expectations. For a card with this narrow appeal and once-yearly payout mechanics, a $150–200 sign-up bonus would help offset the friction of the annual redemption requirement and make the card a faster payoff for new applicants. The lack of a bonus makes the card less attractive as a starter business card and shifts it further toward existing Costco members optimizing spend.
Similar cards
Also no annual fee and from Citi, but offers a $200 welcome bonus and doesn't require a warehouse membership—better for pure cashback seekers without Costco ties.
Beats this card's gas rate (6% vs 5%) and also carries no annual fee, but lacks the dining and travel bonuses; better if you prioritize gas alone over category breadth.
Frequently asked questions
Do I need a Costco business membership to get this card?
Yes. You must maintain an active Costco Gold Star Business membership ($65–$130+ annually depending on your tier) to hold the card. If you don't use Costco regularly for business supplies or inventory, the membership cost erodes the card's value. The card itself carries no annual fee, but the membership is required.
When can I use my cash back rewards?
All rewards accumulate throughout the year and are issued as a single Costco certificate once per year, typically in January or February. You can then redeem the certificate at any Costco warehouse or online at Costco.com for merchandise only—not for fuel or services. There's no flexibility to redeem monthly or redirect earnings elsewhere.
How does the gas rewards cap work?
You earn 5% cash back on gas purchased at Costco warehouses with no cap. For gas purchased outside Costco (Shell, BP, Exxon, etc.), you earn 4% cash back on the first $7,000 in combined Costco gas and outside-gas purchases per calendar year, then 1% thereafter. Many business owners with fleet operations hit this cap; track spending to avoid dropping to 1% mid-year.
What makes this different from the personal Costco Visa card?
This card is specifically designed for business expenses and comes with a business Costco membership requirement. The personal Costco Anywhere Visa has the same rewards structure and also requires a personal membership. The main practical difference: the business version helps segment expenses for bookkeeping, and the annual payout is tailored to business accounting timelines. Rewards rates are identical.
Are there any travel or insurance protections?
The card includes no foreign transaction fees, which is valuable for businesses with international suppliers or travel. However, the card documentation provided does not list travel protections, purchase protection, or return guarantee benefits common on premium business cards. If you need baggage delay coverage or extended warranty protection, you'll need to look elsewhere.
Reviewed by YoungerFinance Editorial · Last updated August 10, 2026