Cash-back rewards and perks for small business owners #CashNews.co

The Costco Anywhere Visa Business Card is one of a few credit cards on the market that offers cash back for . There’s no annual fee, and you can get up to 4% cash back on eligible gas and EV purchases, up to $7,000 annually. Aside from perks from shopping inside the wholesale store and online, you’ll get unlimited 1% back on all other purchases wherever you use your card.

Additional benefits

• Tap to pay. Add the Costco Anywhere Visa Business Card to your digital wallet and tap to pay so you don’t have to pull out a physical card while shopping.

• Damage and theft. If your purchases are damaged or stolen, you are covered for repairs or refunds for 90 to 120 days (depending on where you live).

• No foreign transaction fees. You can use the Costco Anywhere Visa Business Card worldwide in other countries.

• Citi Flex Pay. Because the Costco Anywhere Visa Business Card is a Citi card, some purchases might also be eligible for Flex Pay. This is Citi’s service, which allows you to make monthly payments on purchases of $75 or more with no added interest.

How to earn rewards

You can earn rewards every time you use your card. The biggest cash-back rewards come from using your card when you , which you can do before or after your Costco shopping trip. For those with electric vehicles, charging on-the-go and using the Costco Anywhere Visa Business Card will also get you 4% cash back. The card terms do state, though, that gas or EV charging purchased at superstores, non-Costco warehouse clubs, supermarkets, or convenience stores will only earn 1% cash back, not the boosted 4%.

You’ll get another 3% when you book travel, whether it’s through Costco Travel or somewhere else. Because it’s an unlimited 3%, there’s no limit to how much you’ll earn in this category.

No matter how much you shop at Costco, you’ll earn an unlimited 2% back on all your in-person and online purchases. It’s great for business owners who need a lot of company supplies at the store. You’ll get an unlimited 1% back on all other purchases.

How to redeem rewards

The Costco Anywhere Visa Business Card offers extremely limited rewards redemption. Most cash-back credit cards let you redeem rewards regularly. The Costco Anywhere Visa Business Card offers redemption as an annual credit card rewards certificate issued each February after your statement closes. You’ll have until December 31 of that year to bring that certificate into any Costco to redeem for cash or merchandise in a single transaction.

There’s no minimum amount required to spend to get your cash back. If you head into Costco for a few things and pay with your certificate, the cashier will hand back the difference in cash.

Who is the Costco Anywhere Visa Business Card best for?

The Costco Anywhere Visa Business Card is best for business owners who regularly shop at Costco for business-related supplies and expenses. This card might fit your company’s needs if your business frequents Costco for bulk shopping.

Costco Anywhere Visa Business Card pros

• Great cash back on lots of different shopping options, both at Costco and other places

• No foreign transaction fees or annual fee on top of your Costco membership requirement

• Relatively low variable purchase APR

Costco Anywhere Visa Business Card cons

• Can only get cash back once a year in-store

• Need excellent credit to qualify

• No introductory APR or welcome offer

Where can you use the Costco Anywhere Visa Business Card?

You can use the Costco Anywhere Visa Business Card wherever Visa is accepted, which includes more than 200 countries and millions of merchants worldwide. Since the Costco Anywhere Visa Business Card doesn’t charge foreign transaction fees, it truly is an “anywhere” card you can use wherever you go.

How to make a Costco Anywhere Visa Business Card payment

The Costco Anywhere Visa Business Card is issued by Citi. So if you don’t have an account set up already, you’ll need to create a login and password with citi.com when you get your credit card. When it comes time to make a payment, you have a few different options, including:

• Online: Log onto the and click the “make payment” to make a one-time payment You can also manage autopay to set up recurring payments.

• Through the app: and from your accounts tab, you can select “make a payment.” You can also manage autopay through the app.

• On the phone: To make a payment over the phone, call customer service at 1-855-378-6468. The automated messages will guide you through the process.

• At a branch: Citibank, or Citi, is the fourth-largest bank in the country, with branches nationwide. You can make a payment on your card by visiting a Citi branch near you.

• In the mail: To mail your payment, you’ll need to send it to PO Box 790046 St. Louis, MO 63179-0046

  • If you’d like to overnight your payment, you can send it to
    Attention: Bankcard Payments Department
    6716 Grade Lane Building 9, Suite 910
    Louisville, KY 40213

Costco Anywhere Visa Business Card customer service info

You can talk to someone about your Costco Anywhere Visa Business Card anytime by calling the number on the back of your card or 1-855-378-6468.

You can also try the Citi bot, the live chatbot on the . It’s available 24/7 and can answer pressing questions about your card or account without you having to call first.

Alternative cards to consider

The Costco Anywhere Visa Business Card is one of the best business credit cards on the market, especially for . But there are other cards to compare it to as you’re looking for a business credit card.

The card doesn’t charge an annual fee () and you might qualify with good credit, compared with excellent credit for the Costco Anywhere Visa. Get up to 2% back on purchases up to $50,000 a year, then 1% after that. For new cardholders, there’s a solid 0% introductory APR offer and a welcome offer for $250 statement credit after you spend $3,000 in purchases in your first three months after opening.

The from Chase doesn’t charge an annual fee. You could earn as much as 5% back on the first $25,000 spent in combined purchases on internet, cable, phone services, and office supply stores annually. You can also get 2% on the first $25,000 at gas stations and restaurants every year, plus an unlimited 1% on everything else. That makes this a versatile card option for business owners who often spend across multiple categories. Right now, you can get a welcome offer of $350 when you spend $3,000 in the first three months and an extra $400 ($750 total) when you spend $6,000 in the first six months after you open your account.

The Business Advantage Customized Cash Rewards credit card from Bank of America is another no annual fee card option. There’s a 0% introductory APR offer on new purchases and you can earn a $300 statement credit after you spend $3,000 in the first 90 days of opening your account. You’ll earn 3% cash back in the category of your choice and 2% back on dining (up to the first $50,000 you spend on those combined purchases each calendar year, then 1%), plus 1% back on all other purchases. You can also qualify for the Preferred Rewards program with an eligible business checking account at Bank of America, which could boost your rewards up to 5.25% in your choice category plus 3.5% on dining purchases (up to the same limit), and an unlimited 1.75% on everything else.

This article was edited by Kendall Little

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