Is The Costco Credit Card A Good Deal?

How do I get a free Costco membership?

17 Ways to Get a Costco Membership for FreeOffset the Membership Cost.

Buy Kirkland brand.

Buy Tires.

Find a Membership Deal.

Create Your Own Test Trial.

Check out Groupon and Living Social.

Make Purchases Without a Membership.

Buy Alcohol.

Buy Prescriptions.

Skip the Membership and Keep the Savings.Final Thoughts..

Does the Costco credit card include membership?

The Citi Costco Anywhere Visa card has no annual fee, but to apply, you must be a Costco member. A basic membership is $60 a year (plus tax). An executive membership is $120 a year (plus tax). The cash back on the card comes in the form of an annual certificate included in February billing statements.

Is Costco worth the money?

There’s really no definitive answer: The bottom line is that a Costco membership can be worth it, depending on how often you go and what you buy. If you love Costco but only visit for its affordable eye exams and bottles of wine (which you can buy without a membership), you should probably take a pass.

Which Costco membership is the best?

Overall, I only recommend going with the Executive Membership if you are committed to joining Costco and plan on spending more than $250 per month. If you plan on spending less than this, stick with the Gold Star Member plan.

Is there an annual fee for the Costco credit card?

While the card itself has no annual fee, cardholders must have a paid Costco membership, which start at $60 for Gold Star and Business levels, then doubles in price to $120 for Gold Star Executive and Business Executive members. If you’re already a Costco member, this isn’t really an added cost.

Can I redeem my Costco rewards for cash?

The cash back you earn is provided once a year via an annual reward certificate after your February billing statement closes. … Redemption options are limited to merchandise from Costco or cash. There’s no option to redeem for a statement credit or travel.

Is the Costco credit card hard to get?

Yes, the Costco credit card is worth it because it gives 1 – 4% Cash Back in rewards on purchases, you can use it anywhere Visa is accepted, and there’s a $0 annual fee. So it’s pretty much a must-have for Costco members, if you can get it. You need excellent credit (a score of 750+) to qualify. That’s the short story.

What credit score is needed for a Costco visa?

740 to 799Applicants need to have excellent credit to qualify for the Costco Anywhere Visa® Card. The exact credit score required varies, but a very good credit score is considered 740 to 799 and excellent credit is 800 and higher, according to Experian.

What should I not buy at Costco?

Here are the eight types of groceries she and other experts suggest that the average shopper should think twice before buying in bulk at Costco:Breakfast cereal.Ground coffee.Condiments and sauces, such as soy sauce.Flour.Milk.Eggs.Fresh fruits and vegetables.Spices.

What is the interest rate on a Costco credit card?

15.24%The Costco Credit Card interest rate is 15.24% (V). The V stands for variable – which means the rate is tied to an index, such as the prime rate that banks use to lend to their most creditworthy customers.

What are the benefits of the Costco Visa card?

Costco Anywhere Visa® Cards by Citi4% cash back on eligible gas worldwide, including gas at Costco, for the first $7,000 per year and then 1% thereafter. … 3% cash back on restaurant and eligible travel purchases worldwide. … 2% cash back on all other purchases from Costco and Costco.com. … 1% cash back on all other purchases.

Which credit card is best for Costco?

The best credit cards to use at Costco in 2020Chase Freedom Unlimited.Chase Freedom.U.S. Bank Altitude™ Reserve Visa Infinite® Card.Capital One® Venture® Rewards Credit Card.Costco Anywhere Visa® Card by Citi.

What FICO score does Citi use?

Your FICO® Score is calculated based on data from Equifax using the FICO® Bankcard Score 8 model and is the same score we use, among other information, to manage your account. This model has a FICO® Score range from 250 through 900.

What is an excellent credit score?

For a score with a range between 300-850, a credit score of 700 or above is generally considered good. A score of 800 or above on the same range is considered to be excellent. Most credit scores fall between 600 and 750.

Is it worth getting a Costco credit card?

As long as you shop at Costco enough to justify the annual cost of a membership, this card is worth at least considering. Unlike some store credit cards, you’re earning rewards across more than just Costco purchases — the highest bonus category on the card is actually eligible gas stations worldwide.