Costco Citi Visa is now accepted at Costco! Today (6/20) marks Costco Anywhere Visa's official launch in U.S. and Puerto Rico.
Need more options? Read about the 5 Best Visa Cards for Costco Purchases and select one that best fit your weekly grocery runs.
For those who have not received their Costco Visa credit card in the mail, we recommend calling the customer service number on the back of your Costco American Express card for assistance. If you are not a Costco member and would like to sign up for a Costco Citi Visa, head over to citi.com to apply or apply by phone at 1-800-259-3052.
Early last year, Costco announced an end to their partnership with American Express and introduced a new long term co-branded agreement with Citi Visa. The new co-branded card is set to replace AMEX in June 2016 and Costco just released their latest details on the new card.
The new Costco Anywhere Card will be mailed out to all current Costco AMEX cardholders (no need to apply) beginning May. Upon receiving the card, you have until June 19, 2016 to confirm. The Costco Citi Visa card will be valid for use starting June 20, 2016.
Compared to the American Express card, shoppers will benefit from the improved rewards program with the Visa card. All but one tier of cash-back rewards will increase:
In addition to cash-back rewards, Costco Anywhere cardholders will also receive:
Source: Grocery Network
Once you receive your new Visa card in the mail, you will find directions to confirm you've received it. After that, the one thing you may have to consider is transferring automatic payments that are already scheduled for your American Express over to your new Visa.
If you're wondering if you need to do anything with your American Express account, don't worry. It will automatically be closed and stop working after June 19, and on June 20, the new Visa will be ready for use.
Fortunately, not having to reapply for a new card means that you credit report won't be affected. Credit pulls have a negative impact on your credit score, which can determine your loan eligibility and interest rates in the future.
Any cash-back rewards you have earned on your American Express card will be rolled over to the new card starting June 20th. You will receive your cash-back rewards coupon in February 2017, which will include the rewards you've earned on your Costco card from American Express during the first half of 2016. Once you start using your Costco Citi card, don’t forget to set up an online account with Citi (page will be valid in June) to manage your payments!
You can expect to receive information and updates from Citi about your new Costco Anywhere Visa Card starting April so keep an eye out for it in the mail.
You can head over to Costco’s Citi page for more details and they have included a slider feature for you to calculate how much potential cashback you earn with the new card.