The Best Costco Credit Card And The One That’s Right For You
Costco is a great place to buy bulk items, and it offers amazing discounts on its merchandise. If you’re looking to build up your credit score, consider getting a Costco credit card. Here are the three best cards, based on how you use them.
What is Costco?
Costco is a membership-only warehouse club that sells food, appliances, home goods, and more. Members can purchase items in bulk and receive discounts on the total amount of purchases. Costco also offers credit cards that offer rewards for members who make regular purchases.
The best Costco credit card for you depends on your spending habits and priorities. Here are three of the best cards from Costco:
1. The Costco Anywhere Visa Card
This card offers 2% rewards on all purchases, no annual fees, and no foreign transaction fees. This card is perfect for people who make a lot of large purchases at Costco and want to get extra value out of their membership.
2. The Costco Cash Card
This card offers 1% rewards on all purchases, no annual fees, and no foreign transaction fees. This card is perfect for people who only make occasional purchases at Costco and don’t mind paying an annual fee.
3. The Costco Mastercard
This card offers 3% rewards on all purchases, no annual fees, and no foreign transaction fees. This card is perfect for people who make a lot of small or regular purchases at Costco and want to get the most rewards possible.
The Types of Costco Credit Cards
If you’re a Costco member, it’s worth your while to investigate the club’s credit card options. Not only do they offer some of the best discounts around, but many of their cards also come with lucrative rewards features. Here’s a rundown of the different types of Costco credit cards and what they offer:
Costco Cash Card: This card is perfect for people who spend a lot at Costco. The annual fee is waived the first year, and you’ll earn 2% cash back on all purchases (1% for members who spend over $1,000 annually). Plus, you can redeem your rewards for cash or merchandise at Costco.
Costco Credit Card: This card comes with an introductory 0% APR offer for the first 12 months that you have it. After that, the APR is variable based on your credit score. You’ll also earn 2% cash back on all purchases (1% for members who spend over $1,000 annually). Plus, you can redeem your rewards for cash or merchandise at Costco.
Costco American Express Card: This is a popular card among Costco members because of its great rewards features. You’ll earn 3% cash back on all purchases (2% after spending
The Best Costco Credit Cards for Beginners
When it comes to Costco, there are a few things that are always in stock. And one of those things is credit cards.
So if you’re looking for a great place to start building your credit, Costco may be the perfect place to start. Here are three of the best Costco credit cards for beginners: The Costco Anywhere Visa Card (costco.com), The Costco Cash+ Visa Card (costco.com), and The Kirkland Signature Visa Card (kirklandcard.com).
Each card has its own set of benefits and rewards, so it’s important to choose the one that fits your needs best. The Costco Anywhere Visa Card offers unlimited 0% APR on purchases and balance transfers for 12 months from account opening, plus a $100 statement credit after you make your first purchase with the card. The Costco Cash+ Visa Card gives cardholders 5% cash back on all purchases, plus 2% cash back on gasoline and groceries at participating stores, 1% cash back on all other purchases, and a $150 annual bonus gift card. And the Kirkland Signature Visa Card offers 3% cash back on all purchases, no annual fee, and a $50 statement credit after you make
The Worst Costco Credit Cards
Costco is a great place to buy food, but their credit cards can be a bit hit or miss. While some cards are perfect for Costco shoppers, others may not be the best option for your needs. Here are the five worst Costco credit cards and the one that’s right for you:
1. The Costco co-branded credit card: This card is only good for Costco members and doesn’t offer any rewards.
2. The Costco Anywhere Visa Credit Card: This card offers rewards for using it at participating stores, but there’s a high annual fee of $0 intro APR for the first year and then a variable APR of 14.24%-26.24% (with a minimum interest charge of $7).
3. The Discover It! Cash Back Credit Card: This card offers 3% cash back on all purchases, but there’s no introductory offer available right now. The annual fee is $0 intro APR for the first year and then a variable APR of 15.24%-25.24%.
4. The Citi Double Cash Preferred Mastercard: This card offers 0% intro APR on purchases and balance transfers for 14 months and then a variable APR of 15.24%-25
What to look for in a Costco credit card
When considering a Costco credit card, there are a few things to keep in mind. First and foremost, make sure the card has a long term rewards program that you’re interested in using. Second, be sure the card has low interest rates so you can save money on your purchases over time. And lastly, make sure the card has a good customer service team if you need help with anything related to your account.
The best Costco credit cards for different types of consumers
When looking for the best Costco credit card, it’s important to consider your spending habits and priorities.
If you’re a Costco member who regularly shops at the store, a membership-based credit card might be a good option for you. These cards offer members generous rewards that can be used on future Costco purchases, as well as at other participating stores.
If you’re not a Costco member, or don’t shop at the store that often, a plastic card that offers low interest rates and no annual fees might be better suited. Some of the best cards for this type of consumer include the Chase Freedom and Citi Simplicity cards.
No matter what kind of Costco credit card you choose, make sure to read the terms and conditions carefully before signing up for one. Also, be aware of any restrictions that may apply to your chosen card depending on your lifestyle or credit score.
The best Costco credit cards for travel
If you’re looking for a credit card that’ll help you take advantage of Costco’s travel discounts, the Costco Anywhere Visa Card might be the right choice for you. The card offers access to up to 50% off travel purchases at Costco and other participating retailers, including Walmart, JetBlue and Southwest. Plus, you can earn 2% back on all your purchases, which is great if you’re looking to increase your savings on your travel expenses. If you’re not already a Costco member, the card also offers a 1-year free membership when you sign up.
The best Costco credit cards for emergencies
Costco is a great place to shop for groceries, but they also offer credit and debit cards that can be used at their stores and online. The best Costco credit card for you depends on your needs.
If you only use your Costco credit card for groceries, the American Express Costco Connection Card is the best option. This card has a $0 annual fee and offers 2% cash back on all purchases at Costco. You also get free membership in the American Express rewards program.
If you need more versatile options, the Chase Sapphire Preferred is a great choice because it has a $95 annual fee but offers a 50,000 point sign-up bonus when you spend $3,000 within three months of applying. These points can be redeemed for travel, merchandise, or cash back. The Chase Sapphire Preferred also comes with access to valuable Chase customer service benefits should anything go wrong with your card.
If you’re looking for a no-fee option, the Citi ThankYou Premier Card is a good choice because it offers 2% cash back on all purchases, no annual fees, and no foreign transaction fees. Plus, this card comes with access to Citi’s ThankYou rewards program