A lot of people are looking into getting a credit card because of its rewards and many other perks. The Costo Visa credit card provides some of the best and most useful rewards, especially if you are a regular Costco customer.
Having the Costco Visa credit card means you’re able to use the card at any US Costco warehouse, and all rewards and benefits are applied immediately.
If you are interested in checking out the Costco credit card, check the article below and find out if the card is worth it.
Costco Credit Card Overview
Costco has partnered with Citibank to provide you with one of the best retail rewards credit cards out there.
This comes in handy, especially for those who regularly shop at Costco.
With the Costco Visa credit card, you get specific perks, benefits, and features exclusive only to you.
Find out how you can avail of them down below.
Benefits and Perks
Cardholders can earn up to 4% cash back on gas and EV charging purchases for the first $7,000 spent each year.
It will then revert to 1% after exceeding the yearly threshold. You also get 3% cash back on travel and restaurant purchases.
If you’re a regular Costco customer, you will be surprised to know that you’ll get 2% cash back on all Costco purchases and 1% cash back on all other purchases.
Redeeming Your Rewards
The best part about collecting these rewards from all of your purchases is that they are unlimited.
You can collect as many cash-back rewards as you can throughout the entire year and redeem them later on.
You can redeem your rewards for cash or merchandise at any Costco warehouse in the US.
Zero Foreign Transactions and No Annual Fees
As a Costco Visa credit cardholder, you are also entitled to other perks. You don’t have to pay any annual fees for maintaining the card.
If you use the card outside the country, you don’t have to pay any foreign transaction fee.
This is quite useful, especially if you are trying to save money from all the other fees.
Interest Rates and Other Charges
Costco Visa credit cardholders should also have an idea of the interest rate and other charges that come with the card.
Cardholders should expect to receive a variable APR of 20.49% for purchases.
You also have to pay 5% of each balance transfer or a minimum of $5 for each balance transfer.
Also Read: Discover the Walmart Rewards Mastercard Credit Card and How to Sign Up
Is It Worth It?
A lot of credit cards out there do not usually offer a lot of bonus rewards on purchases.
If you’re looking for a rewards credit card that offers tremendous amounts of bonuses, the Costco Visa credit card is the best card for you.
Regular Costco customers will get even more out of the card, especially if they shop at Costco.
These bonuses will surely reward Costco customers and make them even more loyal to the wholesale club.
Contact Information
For more information about the card, you can reach their customer service at 1-855-378-6467.
A representative will be with you and provide you with all the answers. The hotline is available 24/7.
You can also visit any Costco store near you for more information. You may also check their main office located at 999 Lake Drive, Issaquah, WA 98027.
Applying for the Costco Visa Credit Card
Applying for the Costco Visa credit card is a simple process.
You will only need to follow the entire application process to get approved as fast as possible.
Review the complete application process outlined below.
Identify the Requirements
Before applying for a credit card, you should understand the various requirements.
You’ll need these documents to apply for the card. Make sure that you have copies of your proof of identity and income.
Any government-issued IDs will also be required during the application and your credit report. Make sure that you already have a Costco membership.
Apply Online
The most convenient way to apply for the Costco Visa credit card is to apply online.
You can head over to the official Costco website and select the card.
Read all the features and benefits and make sure that you understand all the information. Once you’re ready, click on Apply to proceed with the application.
Alternative Way to Apply
You can also apply for a credit card at any Costco location. Head over to the customer service desk and bring the requirements with you.
You can talk to the representative to guide you through the entire application process.
There is a good chance that you might receive your card immediately after you are approved.
Fill Out the Application
Fill out the online application form. You will also be provided with an application form if you decide to apply at the Costco store.
Provide essential information, including your name, age, birthdate, address, and any other required details.
Upload the required documents when necessary.
Review and Submit
Make sure that you review all of the information before you submit.
There should be no spelling errors, and be sure that you have uploaded the right documents.
Review the terms and conditions as well and submit when you’re ready.
Approval and Activation
Once you submit your application, you will receive a notification via email.
There will be instances when it will take days for you to receive your approval.
Once approved, your new credit card will be sent to you via mail. When you receive your new card, make sure that you activate it first, and you can use it immediately.
Conclusion
Having the Costco Visa credit card in your possession when you shop at Costco will forever change your shopping experience. Not only does it offer some of the best rewards for groceries, dining, travel, and many others, but you get even more out of redeeming those rewards. This is why the Costco credit card will always be worth it.
Note: Applying for and using credit carries certain risks. For more details, please review the bank’s terms and conditions page.
