What is the Costco Anywhere Visa Business Card?

The Citi Costco Anywhere Visa Business Card is a no-annual-fee card (with an active Costco membership) that rewards spending on gas, restaurants, travel, and Costco purchases.

If you run a business and shop at Costco regularly, it can help you earn cashback on purchases you're already making.

What is the Costco Anywhere Visa Business Card?

The Citi Costco Anywhere Visa Business Card is a no-annual-fee business credit card available to Costco members, with a strong focus on gas rewards. It earns one of the highest cashback rates available on fuel purchases, making it especially appealing if your business has a fleet or frequent driving needs.

Beyond fuel, the card helps you keep business and personal expenses separate and earns cashback on everyday purchases such as restaurants, travel, and Costco shopping. It also doubles as your Costco membership ID, so you can shop at the warehouse without carrying a separate card.

You'll need an active paid Costco membership to apply for and keep the card. If your membership lapses, you lose access to the card and any unredeemed rewards.

Cashback rewards and earning rates

The card uses a tiered cashback structure that rewards higher spending in specific categories. Earning rates vary by category, with gas and EV charging at the top and a flat base rate on everything else.

Gas and EV charging rewards

Gas and EV charging is the card's highest earning category. You earn 5% cashback on Costco gas, and 4% cashback on eligible gas and EV charging purchases, including most non-Costco stations worldwide.

Both rates apply to the first $7,000 in combined annual spending across these categories. After you hit that cap, the rate drops to 1% for the rest of the year.

Restaurant and travel rewards

You earn 3% cashback at restaurants and on eligible worldwide travel purchases. Travel purchases include flights, hotels, car rentals, cruises, and bookings made through Costco Travel.

There's no spending cap on this category, so it's a solid pick if your team travels often or hosts client meals.

Costco and all other purchases

Purchases at Costco and Costco.com earn 2% cashback. All other eligible purchases earn 1% cashback as the base rate, with no spending cap on either tier.

How to redeem Costco cash rewards

Cashback rewards are paid out once a year as a reward certificate on your February billing statement. You won't see monthly rewards hit your account. You'll have to wait until the reward certificate is issued to access what you've earned.

To redeem the certificate, you must bring it to a US Costco warehouse in person. There, you can use it for merchandise or exchange it for cash. This is a notable limitation compared to other business credit cards, which often let you redeem rewards online for statement credits, direct deposits, or gift cards at any time.

Any cashback rewards not redeemed by December 31 of the year of issuance of the credit card reward certificate will be forfeited.

Citi Costco Anywhere Visa Business Card benefits

Beyond cashback, the card includes a handful of protections and perks that add value for business owners.

Damage and theft purchase protection

The card offers purchase protection on eligible items against damage or theft. Coverage typically applies for 120 days (90 days for New York residents) from the date of purchase, subject to per-claim and per-year limits.

This can help cover replacement costs if a recently purchased item is stolen or damaged before you've had time to use it.

Worldwide car rental insurance

When you decline the rental company's collision damage waiver and pay with the card, you get secondary rental car coverage. Coverage applies to damage from theft or collision on eligible rentals.

Since it's secondary, it kicks in after your primary insurance pays out, helping cover deductibles or remaining costs.

Travel and emergency assistance

Cardholders get 24/7 access to a travel and emergency assistance hotline. The service can connect you to medical referrals, legal referrals, and emergency transportation coordination while you're traveling.

You're responsible for any third-party costs, but having immediate access to referrals can be valuable during a crisis abroad.

Authorized users for your team

You can add employee cards at no extra cost, which helps you track team spending under one account. Each employee must have their own active paid Costco membership to receive a card.

The membership requirement can add up quickly if you want cards for multiple team members.

Fees and costs

Here's a quick look at the card's fee structure:

• Annual fee: None with an active Costco membership
• Foreign transaction fees: None
• APR: 18.74%–26.74% variable rate based on creditworthiness
• Late payment fee: $41
• Costco membership: Required and paid separately

Eligibility and credit score requirements

You'll typically need good to excellent credit (a FICO score of 700 or higher) to qualify for the Costco Anywhere Visa Business Card. Citi also evaluates your income, debt, and overall credit history.

The application asks for business details such as your business name, structure, tax ID, and annual revenue. Sole proprietors can apply using their Social Security number.

You can check for pre-qualification on Citi's website without affecting your credit score. A formal application will trigger a hard inquiry.

Costco Visa vs. Costco Business Credit Card

Citi offers both a personal and business version of the Costco Anywhere Visa. Earning rates are identical, but the cards serve different purposes.

If you're a sole proprietor without employees, either card could work. The business version makes more sense if you want to keep business spending off your personal credit profile or add employee cards.

Is the Costco Business Card worth it?

The card delivers strong value in specific scenarios but falls short in others. Here's a quick framework to help you decide.

Best for

• Frequent Costco shoppers who already shop at the warehouse regularly
• Businesses with high gas or fuel spending, including delivery or service fleets
• Teams that travel often and want cashback on flights, hotels, and meals
• Business owners who want to separate business expenses from personal spending

Consider alternatives if

• You don't shop at Costco regularly or aren't a member
• You want flexible redemption options like statement credits or transfers
• You need a sign-up bonus to offset early spending
• You prefer monthly rewards payouts instead of an annual certificate

5 Costco Anywhere Visa Business Card alternatives for gas rewards

Before you choose a business gas card, decide what matters most to your business: broader acceptance, higher or uncapped earnings, expense management, or tighter spend controls and cleaner accounting.

Chase Ink Business Cash

The Chase Ink Business Cash card provides 5% cashback on office supply stores, internet, cable, and phone services on up to $25,000 in combined purchases annually, plus 2% on gas station and restaurant purchases up to $25,000 annually. The card offers a higher annual gas spending cap compared to Costco's $7,000 limit while including business expense tracking.

The card carries no annual fee, and you can earn $750 cashback after you spend $6,000 in the first 3 months after opening your account.

Capital One Spark Cash Plus

The Capital One Spark Cash Plus card provides a flat 2% cashback rate on all business purchases without category restrictions or annual spending caps, offering consistency for businesses preferring uniform earning rates across all expense types. You can also earn a $2,000 cash bonus when you spend $30,000 in the first 3 months.

The card isn't exclusively built for gas rewards. So while the flat 2% across all categories is flexible, the rate may provide lower returns for businesses with concentrated gas spending that could benefit from higher category-specific rates available through specialized programs.

American Express Blue Business Cash Card

The American Express Blue Business Cash Card offers 2% cashback on eligible business purchases up to $50,000 annually, then 1% thereafter, with no category restrictions or membership requirements. The card also provides business expense tracking, merchant category reporting, and integration with expense management tools.

Similar to the Capital One Spark Cash Plus card, the flat cashback rate of the American Express Blue Business Cash Card may see lower returns for fuel.

Wells Fargo Signify Business Cash

The Wells Fargo Signify Business Cash card also provides an unlimited 2% cash rewards on all business purchases with no category restrictions or annual caps. It also provides business banking integrations for companies using Wells Fargo business accounts. The card has no annual fee and provides employee cards with customizable spending limits.

However, the flat earning rate may provide insufficient returns for businesses with concentrated gas spending that could get higher rates through category-specific programs.

Honorable mention: Ramp corporate card

Ramp is not a traditional fleet card. It's a corporate card and expense management platform built to help businesses track, control, and optimize employee spend, including fuel.

If you operate multiple teams and want visibility into all purchases, Ramp offers features such as purchase restrictions, real-time policy alerts, and automated receipt matching. Since it's accepted anywhere Visa is, Ramp works at almost every gas station.

Ramp also integrates with accounting systems to simplify reconciliation, and offers flat cashback on almost all purchases. There are no annual fees and no personal guarantee required.

A corporate card built for total spend control

Choosing a business credit card isn't just about earning rewards, it's about gaining control over one of your largest recurring costs.

Businesses often overspend on fuel and other operational expenses not because they're using more, but because they can't see who's spending what, where, or when. According to Ramp's own research, out-of-policy spend event rates decline by 62% for businesses that use Ramp's real-time spend controls.

Ramp is not a traditional fleet card. It's a corporate card and expense management platform built to help businesses track, control, and optimize employee spend, including fuel.

Accepted wherever Visa is, it comes with no annual fee and is available to businesses with at least $25,000 in a US business bank account. With centralized controls and automation, Ramp gives finance teams visibility across all employee spend:

• Save more by preventing out-of-policy spend: Preset controls on corporate cards for specific vendors and categories
• Be free from expense reports: Easily submit expenses through SMS, mobile app, and integrations
• Unlock savings in real time: Get insight into spend as it happens, with a platform that pays off immediately
• Grow your business with the right terms: Get rewards and perks, like 5% savings.* There's no personal credit check or personal guarantee.

Ramp gives finance teams precise oversight, cleaner books, and fewer wasted dollars. Instead of rewarding overspending, Ramp helps you spend less and know exactly where every dollar goes.

See how Ramp helps you manage expenses. Try the Ramp corporate card.