Is the New Costco Visa from Citigroup the Best Credit Card Deal in 2016

Costco Visa credit card does not have any annual fee charges but you have to sign up for their paid memberships. Costco Visa allows you to earn 4% cash back on the gas you purchase worldwide at Costco store for up to $7,000 in the first year. After that, you will earn 1% cash back on the gas purchases. The 4% rewards bonus is not applicable if you purchase the gas at other supermarket stores and wholesale stores.

You will get to earn 3% cash back when you use the card to shop at a restaurant in another country during your trave
l. The card let you earn 2% rewards when you shop at the local Costco stores or online Costco store. You will get a 1% cash back on other types of purchases.

Besides, the card also offer free car rental and travel accident insurance. The card offers purchase protection in case you are not satisfied with the product you purchase and wants a refund. You will have to contact the credit card company on your faulty purchase within a period of 120 days. If you are living in New York, you must call the credit card company and tell them you want a refund within 90 days.

They will send you a cash back coupon that is equivalent to the value of the rewards points you have accumulated. You will receive this coupon in the month of February every year. The coupon can be used to purchases any product at the Costco supermarket. If you don’t want to use the coupon to exchange for products, you can ask the representative at the Costco customer service desk to give you cash for the voucher. It is also possible to redeem the partial value of the voucher in cash at the cash register at Costco.

If you already have an American Express Costco card, there is no need to apply for the card because they will send you the new Citi card. You can expect to receive the new card in May of 2016. In the meantime, you can continue to use your American Express card until the 19th of June. You will be able to start using the new Citi card on the 20th of June. The cash back rewards that you have earned from the American Express card will automatically be transferred to the Citi card.

The Costco Anywhere Visa credit card is much better compared to the American Express Costco card. In the American Express Costco card, you only get 3% bonus rewards for the first $4,000 you spend and only 2% rewards on your traveling expenses and the restaurant you dine within the USA. The Costco Anywhere allows you earn an additional 1% in the rewards compared to the American Express Costco card.

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