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  Costco Anywhere Visa Business Card

Costco Anywhere Visa Business Card

in Business Credit Cards from Citibank

Unaffiliated

Costco Anywhere Visa Business Card

Unaffiliated

in Business Credit Cards from Citibank

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Highlights
Purchase APR  (Variable APR) 15.24%
Balance Transfer APR  (Variable APR) 15.24%
Credit Score Range 650 - 850
Annual Fee $0

Costco Anywhere Visa Business Card Review

Key Takeaways
  • Business credit card with generous reward rate. You will get a cashback rewards rate of up to 4%.
  • Competitive APRs. Costco Anywhere Visa Business Card has a variable purchase APR of 15.24%
  • No annual fee*. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
  • 3% Balance transfer fee. Costco Anywhere Visa Business Card charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $5.
  • No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
  • Fair or better credit required. You will have good approval odds if your credit score is above 650.
Pros & Cons of Costco Citi business card
The Good The Bad
  • Lower than average purchase APRs.
  • No annual fee.
  • Extended warranty on purchases.
  • No foreign transaction fee.
  • Costco Anywhere Visa Business Card reports to multiple credit bureaus.
  • Does not offer a signup bonus.
  • Does not offer rewards or cash back.
  • Charges a 3% balance transfer fee.
  • Does not include many credit card benefits.
Costco Citi business card FAQ

Who is Costco Citi business card designed for?

This is a store credit card issued by Citibank. 

This business card is designed for small businesses with fair credit. The minimum credit score to apply is 650.

What are the relevant APRs?

This business credit card has a variable purchase APR of 15.24%. The card has a variable balance transfer APR of 15.24% .

It also has a variable cash advance APR of 25.24%. Note that late payments are subject to an APR of 29.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Does it have an introductory APR offer?

No, this business card does not come with an introductory APR offer for balance transfers.

This business credit card does not offer an introductory rate on new purchases.

Costco Citi business card Rates & Terms
Purchase APR 15.24%
Balance Transfer APR 15.24%
Cash Advance APR 25.24%
Penalty APR 29.99%

What fees does it charge?

The following fees apply to this business credit card:

  • There is no annual fee.

Does it charge a foreign transaction fee?

This business credit card does not charge foreign transaction fees. If you are a frequent traveler, this can save you hundreds of dollars in credit card fees when you travel out of the country.

Costco Citi business card Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 0%
Balance Transfer Fee 3%
Minimum Balance Transfer Fee $5

Does it offer a cash back rewards program?

No, it does not offer a cash back rewards program. This business card offers rewards to small business owners that use the card to make purchases in the following bonus categories:

  • Airfare
  • Every Purchase
  • Gas stations
  • Restaurants
  • Warehouse Clubs

Can I get it with just an employer identification number (EIN)?

You can apply for this business credit card with your EIN number, but expect the credit card issuer to also require your Social Security number. This is because, as with most business cards, it requires you to personally guarantee the line of credit.

What are the benefits?

This business credit card provides the following benefits:

  • Extended Warranty Protection
  • Fraud Liability
  • Reports to major credit bureaus

What is the customer service phone number?

The customer service number for this business card is (800) 950-5114.

What is the support contact email?

The support contact email for this business credit card is customer.help@citi.com.

Does Costco Anywhere Visa Business Card report your account activity to credit bureaus?

Yes, Costco Anywhere Visa Business Card reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply?

  • Visit the Citibank .
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
  • Check the information is accurate and submit your application.
  • If you're denied click here to find out why your application may have been rejected and what you can do about it.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Costco Anywhere Visa Business Card

The standard variable APR for purchases is 15.24%. The standard variable APR for cash advances is 25.24%. Variable penalty APR up to 29.99% and applies if you pay late or your payment is returned. Minimum interest charge - $0.50. Fee for foreign purchases - None. Cash advance fee - either $10 or 5% of the amount of each cash advance, whichever is greater. No annual fee with paid Costco membership. New cardmembers only. Subject to credit approval. Additional limitations, terms and conditions apply. You will be given further information when you apply. Variable rates shown above are based on the 3.25% Prime Rate as of 09/01/2021. Your Card Account will earn Costco Cash Rewards based on your purchases that can be redeemed for merchandise or cash back at any U.S. Costco warehouse, including Puerto Rico ("Costco Cash Rewards"). Merchants are assigned a merchant category code ("MCC"), which is determined in accordance with Visa procedures based on the kinds of products and services the merchants primarily sell. We don’t control the assignment of these codes and are not responsible for the codes used by merchants. When you use your card to make a purchase, we’re provided an MCC for that purchase. We group similar merchant codes into categories for purposes of making rewards offers. Sometimes you may expect a purchase to fit within a rewards category, but if the code assigned to the merchant wasn’t grouped into that category, your purchase will not qualify for additional Costco Cash Rewards. For example, you won’t earn additional points for purchases at a restaurant located within a retailer if the restaurant is assigned a "retailer" code instead of a "restaurant" code. Please also note – purchases made through mobile/wireless technology may not earn additional Costco Cash Rewards depending on how the technology is set up to process the purchase. We reserve the exclusive right to determine which purchases qualify for additional Costco Cash Rewards.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 6:00pm
  • Saturday 10:00am - 3:00pm

Other Services by Citibank

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Feature Breakdown

Annual Fee $0
Foreign Currency Transaction Fee 0%
No Annual Fee
No Foreign Transaction Fee
No Interest Grace Period for Late Payment 23 days
Cash Advance Fee (%) Up to 5%
Cash Advance Fee Minimum $10
Minimum Cash Advance Fee ($) Starting at $10
Minimum Interest Charge $0.50
Customer Type Business
Minimum Age 18
Credit Score Range 650 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Extended Warranty Protection
  • Fraud Liability
Rewards Rates
  • Travel
  • Airfare
  • Gas
  • Restaurants
  • Warehouse Clubs Purchases
  • Every Purchase
Balance Computation Average daily balance (including new transactions).
Cash Advance APR (Variable APR) 25.24%
Penalty APR (Variable APR) 29.99%
Purchase APR (Variable APR) 15.24%
Balance Transfer Fee % 3%
Balance Transfer Fee % After Intro Period Starting at 3%
Balance Transfer Fee Minimum $5
Balance Transfer APR (Variable APR) 15.24%
Card Network Visa
Card Type
  • Travel
  • Store Card
  • Gas

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