Costco Anywhere Visa Review: 4% on Gas, Paid Once a Year

01Who It Suits

The Costco Anywhere Visa is for a Costco member who drives a lot. Gas and EV charging earn 4% on the first $7,000 a year combined, 5% at Costco gas stations, and 1% after that. Restaurants and eligible travel earn 3%, purchases at Costco and Costco.com earn 2%, and everything else earns 1%. It is a Visa, which matters because Costco warehouses take no other credit card network.

The catch is how you are paid. The rewards build up through the year and arrive as a certificate with your February statement, which you redeem at a U.S. Costco for cash or merchandise. If your membership lapses before you redeem a certificate, you can lose the rewards. The card has no annual fee of its own, but needs a paid Costco membership, $65 or $130 a year; the calculator counts the $65 only if you tick the box, for someone who would join just for the card.

Its 2% at Costco is no better than a flat 2% card, so the case for the card rests on gas and restaurants.

02Rewards and Costs

From Citi's card page, checked November 10, 2026, and NerdWallet's review of the card, updated October 1, 2026. Offers and rates can change; the issuer's page has the current terms.

03On Your Spending

These figures assume you pay the full statement balance every month; interest and other borrowing costs are not included. The categories are the same as in the full comparison, so the same budget gives each card the same result on every page. Restaurants abroad earn a card's dining rate where that rate applies worldwide, other purchases abroad earn the base rate, and bookings through card issuers' own travel and entertainment sites are not included. Costco warehouses and Costco gas stations take only Visa credit cards. Rank all eleven cards on every category.

What it takes to beat it

Against a flat 2% card, every dollar of gas (up to $7,000 a year) gains 2 points, every dollar at restaurants gains 1, Costco ties and everything else loses 1. So the Costco card pays more when twice your gas spending plus your restaurant spending is more than the rest of your spending outside Costco. A household spending $300 a month on gas and $300 at restaurants comes out ahead only if the rest, outside Costco, is under about $900 a month.

04What the Headline Leaves Out

• Rewards come once a year, as a certificate with the February statement, to redeem at a U.S. Costco.
• It needs a paid Costco membership; tick the box in the calculator to count $65 if you would join only for this card.
• The 5% at Costco gas and 4% elsewhere share one $7,000 yearly limit; the calculator fills it with Costco gas first, then other gas.
• The 2% is for Costco only; Sam's Club and BJ's earn 1%, and the calculator has separate boxes for them.
• There is no welcome bonus and no intro APR.

05Closest Alternatives

All eleven cards are ranked on your own spending on the cash-back cards page.

06Questions

07Sources and Changes

1. Citi, Costco Anywhere Visa Card by Citi, checked November 10, 2026 (rewards, $7,000 limit, certificate, fees).
2. NerdWallet, Costco Anywhere Visa review, updated October 1, 2026 (5% Costco gas, membership requirement, APR range).

November 10, 2026: first published. Revised the same day: separate boxes for Costco gas, Costco, other warehouse clubs and travel; an optional membership cost; redemption wording.