The Costco Anywhere Visa Card by Citi is designed to boost cash‑back on everyday spending, especially gas, dining, travel, and Costco purchases, with no annual fee beyond your Costco membership. It also has no foreign transaction fees and doubles as your Costco membership card, which makes it unusually convenient for regular Costco shoppers.

Core cash‑back benefits

  • 5% cash back on gas purchased at Costco, up to a combined annual cap of 7,0007,0007,000 in gas and EV‑charging spend (then 1% after that).
  • 4% cash back on other eligible gas and EV charging worldwide, counting toward that same 7,0007,0007,000 annual cap before dropping to 1%.
  • 3% cash back on restaurants and eligible travel, including Costco Travel bookings.
  • 2% cash back on purchases at Costco warehouses and Costco.com.
  • 1% cash back on all other purchases that do not fall into enhanced categories.

Fees, structure, and redemption

  • No additional annual fee for the card itself, but you must maintain a paid Costco membership to keep and use it.
  • No foreign transaction fees on purchases where Visa is accepted, which gives it extra value for international travel or cross‑border shopping.
  • Rewards are issued once a year as a cash‑back certificate on your February billing statement, redeemable at U.S. Costco warehouses (including Puerto Rico) for cash or merchandise in a single transaction.
  • If your annual rewards reach at least 300300300, you may be able to redeem via direct deposit instead of going in‑store, which adds flexibility for heavy spenders.

Everyday perks and “hidden” value

  • The card doubles as your physical Costco membership card with your photo and membership number, letting you enter the warehouse and pay with the same piece of plastic.
  • Travel‑related protections (such as coverage on certain eligible travel purchases and rental cars) can make the card function like a travel tool rather than just a warehouse card, especially when you also benefit from the 3% travel category.
  • For people with high annual gas and dining spend, routing those categories through this card can realistically add hundreds of dollars in yearly rewards, particularly if you hit the gas/EV charging cap.

When this card shines

  • Heavy Costco shoppers who want simple, high‑earning categories and already pay for a membership.
  • Drivers with significant fuel or EV‑charging costs, especially if they live near a Costco gas station.
  • Travelers who value no foreign transaction fees and enhanced rewards on restaurants and eligible travel, but prefer cash‑back over travel points.

Key limitations to keep in mind

  • Rewards only pay out once per year, which can feel restrictive if you prefer monthly statement credits.
  • There is no sign‑up bonus, so short‑term value is lower than some competing cash‑back or travel cards that offer upfront welcome offers.
  • You must keep your Costco membership active; if you cancel membership, the card and its ecosystem cease to be useful as your primary Costco payment tool.

TL;DR: If you are already a Costco member and spend a lot on gas, dining, and travel, the Costco credit card benefit structure can deliver strong ongoing cash‑back with no extra annual fee, making it one of the more compelling store‑linked cash‑back cards in 2026.

Information gathered from public forums or data available on the internet and portrayed here.