
Each year in February, earned cash back rewards are issued in the form of a certificate, which you need to take with you to your local Costco to redeem for purchases or cash back at the register. The biggest disadvantage of the Costco Anywhere Visa Card is you can only redeem your accrued cash back rewards once per year. Beyond these generous earning rates on gas and restaurant purchases, cardholders can earn 2% cash back when shopping at Costco and 1% cash back on other general purchases. It’s also a strong card for dining out, as it will give you 3% cash back on restaurants and eligible travel purchases. The Costco Anywhere Visa Card earns 4% cash back on up to $7,000 in gas and EV charging purchases per year (1% thereafter) – from any eligible gas station, not just Costco. Not only is this a good option if you shop at Costco every week, but it’s also a terrific card to use for everyday purchases to earn a high rewards rate – and it has no foreign transaction fees. The Costco Anywhere Visa Card, as the name suggests, is a good choice for loyal Costco shoppers. Use this credit card to earn bonus cash back on gasoline purchases, both at Costco and other gas stations.

Let’s take a look at what types of credit cards Costco accepts and the best credit cards for Costco purchases, whether you’re looking for financing, cash back or travel rewards. If you shop often at Costco or have a family and spend a great deal on large purchases at the warehouse retailer, you could put your purchases on a credit card that earns cash back or travel rewards. Buying things like paper towels and toilet paper in bulk can save you considerable cash in the long run, whether you’re buying for your home or business.

There are things you can only get at Costco that make it well worth the money to become a member. Enrollment may be required for select American Express benefits and offers. Terms apply to American Express benefits and offers. We may receive a commission through our affiliate partners if you apply and are approved for a product, but our reporting is always independent and objective. Your CNN account Log in to your CNN accountĬNN Underscored reviews financial products based on their overall value.
