Costco Anywhere Visa® Business Card by Citi is a reliable and affordable credit card option for businesses. This review explores its features, benefits and drawbacks to help readers decide if it is the right choice for their business. The first part of this review will discuss the fees associated with Costco Anywhere Visa® Business Card by Citi, followed by an overview of the features offered with this card. Lastly, the pros and cons of using this credit card will be explored in order to provide readers with a comprehensive understanding of how beneficial or detrimental the card can be for their particular needs.
The annual fee associated with Costco Anywhere Visa® Business Card by Citi is zero dollars, making it an attractive option for businesses that are looking to save money on annual costs related to credit cards. Additionally, no foreign transaction fees apply when customers use the card outside of the country; therefore, companies that conduct international transactions can benefit from reduced expenses compared to other cards that charge these types of fees.
Furthermore, there are no balance transfer fees or cash advance fees associated with Costco Anywhere Visa® Business Card by Citi. These cost savings make this credit card appealing for businesses that have extensive financial obligations and need to keep their costs low while managing them efficiently.
When considering a credit card like Costco Anywhere Visa® Business Card by Citi, it’s important to research all aspects such as rewards programs, customer service options and security measures before committing to any one company or product offering. To ensure readers have access to enough information about this card in order to make informed decisions regarding whether it meets their needs, an overview of its features will now be provided along with advantages and disadvantages associated with usage.
The Costco Anywhere Visa® Business Card by Citi is a rewards credit card for business owners. It offers cash back on purchases made at Costco and other retailers, plus an annual reward certificate from Costco that can be used toward future purchases. Additionally, the card provides no foreign transaction fees, travel insurance coverage and purchase protections.
The card has a variable APR ranging from 15.24% to 23.24%, depending on one’s creditworthiness, with no annual fee and a 25 day grace period before interest is charged on unpaid balances. There are also no balance transfer fees or cash advance fees associated with the card.
The Costco Anywhere Visa® Business Card by Citi offers a range of benefits to business owners. These include:
- 2% cash back on eligible gas purchases worldwide, including at Costco;
- 3% cash back on restaurant and eligible travel purchases worldwide;
- 4% cash back for up to $7,000 per year in combined purchases from Costco and Costco.com.
Additionally, cardholders receive 1% cash back on all other purchases with no annual fee or foreign transaction fees associated with the card.
The card also allows businesses to manage employee spending through individual cards linked to the main account and provides access to exclusive events hosted by Citi throughout the year such as concerts, pre-sale tickets, VIP experiences and more. Furthermore, it is protected against fraud with zero liability protection that guarantees customers will not be held responsible for unauthorized charges made using their accounts.
In addition to these features, the card comes equipped with round-the-clock customer service available anytime day or night via phone or online chat support. All inquiries are answered quickly and efficiently by experienced staff who can provide assistance with any issue related to the account or transactions made using it.
The Costco Anywhere Visa® Business Card by Citi offers several rewards that make it a great option for business owners. The card has no annual fee and pays up to 4% cash back on eligible gas purchases, 3% cash back on restaurants and travel, 2% cash back at Costco and other select U.S. businesses, 1% cash back on all other purchases. Additionally, cardholders receive an extra reward of 1-2% when they redeem their rewards or shop with the Citi Bonus Cash Center.
For those looking to maximize their rewards points, the ability to combine points from multiple cards can be beneficial. With this feature of the card, users are able to earn additional bonuses in addition to the regular rewards earned through everyday spending. Furthermore, Citi will also match any competitor’s offer which further increases potential savings. All these features make the Costco Anywhere Visa® Business Card by Citi an attractive choice for small business owners looking for a rewarding credit card experience.
Rates And Fees
The Costco Anywhere Visa® Business Card by Citi provides businesses with numerous rates and fees to consider. This section will provide an overview of the annual fee, interest rate, balance transfer APR, cash advance APR and foreign transaction fee associated with this card.
|Annual Fee||Interest Rate||Balance Transfer APR||Cash Advance APR||Foreign Transaction Fee|
|Costco Anywhere Visa® Business Card||$60*||16.24% – 25.24% Variable||0% Introductory APR on Purchases for 7 billing cycles||26.99% Variable||3% of each transaction in U.S. dollars|
The annual fee is a reasonable cost that can be easily offset by taking advantage of rewards points earned from purchases made throughout the year. The credit limit depends on individual qualifications but ranges from $500 up to over $10,000 depending upon various factors such as income and existing debt levels. To qualify for a lower interest rate, it may require transferring balances or making larger payments more often than usual; however, keeping current account activity low can help maintain good standing with the bank’s creditors which could result in obtaining additional benefits like increased spending limits or decreased interest rates when available.
It is important to note that all transactions are subject to a 3 percent foreign transaction fee which applies to items purchased outside the United States in any other currency besides US Dollars.
In summary, the Costco Anywhere Visa® Business Card offers competitive terms when compared to similar business cards in its class including no introductory period on balance transfers, relatively low annual fees and flexible payment options that allow customers to adjust their plans according to their needs without incurring additional costs or long-term commitments. With these features in mind, individuals should weigh both the advantages and disadvantages before applying for this card since there are multiple alternatives currently available within the market place today.
The Costco Anywhere Visa® Business Card by Citi offers excellent customer service. The cardholder can access services 24/7 through their online account or alternatively via telephone support in either English or Spanish. Additionally, the online platform allows customers to easily manage their accounts and view recent transactions. Customers are provided with timely notifications of any purchases made on their cards, as well as detailed summaries that track spending habits over time.
Furthermore, helpful resources such as monthly expense reports help customers stay organized and within budget limits. Ultimately, this comprehensive range of options helps ensure that customers have all the necessary tools available to efficiently manage their credit card accounts. In addition to these features, the customer service team is knowledgeable and friendly when addressing questions about billing statements or other inquiries related to the card’s use.
They also provide assistance for lost or stolen cards in a prompt manner so that there is minimal disruption to customers’ finances. Overall, the customer service offered by Costco Anywhere Visa® Business Card by Citi is an invaluable asset for its users.
Pros And Cons
The Costco Anywhere Visa® Business Card by Citi provides a number of benefits for business owners. These include cash back on purchases at eligible gas stations, restaurants, travel and more; no foreign transaction fees when spending abroad; and special financing options on large purchases over $299 with flexible payment terms. Additionally, the card offers free employee cards to help employers manage their company’s expenses.
It is also important to consider that there are some drawbacks associated with this product. The annual fee can be costly compared to other credit cards and the interest rate may not be as competitive as those offered by other providers. Furthermore, additional charges may apply depending on the type of purchase made or the amount of time it takes to pay off balances each month. It is therefore essential to weigh up all pros and cons before deciding if this card is right for one’s particular needs.
The Costco Anywhere Visa® Business Card by Citi is a great choice for business owners looking for an efficient way to manage their spending. With generous rewards, competitive rates and fees, and excellent customer service, this card offers many benefits that can help businesses reduce costs while earning cash back. The rewards program allows cardholders to earn up to 4% cashback on eligible gas purchases worldwide and 3% cashback at select restaurants and travel-related purchases. Additionally, the no annual fee makes it easy to maintain membership without breaking the bank.
Overall, the Costco Anywhere Visa® Business Card by Citi has much to offer businesses seeking a reliable credit card with plenty of perks. From its generous reward opportunities to its excellent customer service, it proves itself as a worthwhile option for those wanting greater control over their expenses. Furthermore, since there’s no annual fee required for membership, businesses don’t have to worry about incurring additional expenses when using the card. Thus, making it an ideal choice for companies looking for a cost-effective yet rewarding alternative in managing their finances.