What Credit Cards Does Costco Accept?

What Credit Cards Does Costco Accept?

Costco is one of the largest retailers in the world, known for its bulk discounts and exclusive membership program. However, when it comes to payment methods, Costco has some limitations. So, what credit cards does Costco accept? Let's dive into the details.

Accepted Credit Cards at Costco

Costco only accepts credit cards issued by Visa, including their own co-branded Costco Anywhere Visa Card by Citi. This means that American Express, Mastercard, and Discover cards are not accepted at Costco. It's important to note that if you are using a Visa debit card, it will be treated as a regular debit card and will not have the same benefits as a credit card.

Costco Anywhere Visa Card by Citi

The Costco Anywhere Visa Card by Citi is a co-branded credit card that offersCashback rewardsfor purchases at Costco and other merchants. Cardholders earn 4% cashback on gas purchases (up to $7,000 per year), 3% cashback on dining and travel purchases, 2% cashback on Costco purchases, and 1% cashback on all other purchases. There is no annual fee for Costco members, but non-members will have to pay a $60 annual fee.

Other Visa Credit Cards

If you don't have the Costco Anywhere Visa Card by Citi, there are still other Visa credit cards that you can use at Costco. However, you won't earn the same rewards as the co-branded card. Some popular Visa credit cards include the Chase Sapphire Preferred Card, the Capital One Venture Rewards Credit Card, and the Wells Fargo Propel American Express Card.

Tips for Applying for a Costco Credit Card

If you're interested in applying for the Costco Anywhere Visa Card by Citi, there are a few things to keep in mind. First, you need to be a Costco member to apply for the card. Second, you'll need a good credit score to be approved for the card. Third, it's important to read the fine print and understand the terms and conditions of the card before applying.

Saving Money with Credit Cards

Using a credit card can be a great way to save money, as long as you use it responsibly. Some credit cards offer cashback rewards, while others offer travel rewards or points that can be redeemed for merchandise. It's important to choose a credit card that fits your spending habits and offers rewards that you will actually use.

Avoiding Credit Card Fees

One downside to credit cards is that many of them come withAnnual fees. However, there are some credit cards that don't have annual fees, such as the Chase Freedom Unlimited Card and the Discover it Cash Back Card. It's important to weigh the benefits of a credit card against the fees before deciding which one to apply for.

Choosing a Credit Card Company

When choosing a credit card, it's important to consider the reputation of the credit card company. Some of the top credit card companies include Chase, American Express, Capital One, and Discover. It's also important to read reviews from other cardholders and compare the benefits and fees of different cards before making a decision.

In conclusion, Costco only accepts credit cards issued by Visa, including their own co-branded Costco Anywhere Visa Card by Citi. If you're interested in applying for a Costco credit card, make sure to read the terms and conditions carefully and choose a card that fits your spending habits. Remember to use credit cards responsibly and choose a card with rewards and fees that make sense for your financial situation.