Costco Business Card 2021 Review: Earn 4% Cash Back

What could be improved

Rewards for Costco purchases: While the cash back this card earns is a plus, it does fall a bit short when it comes to the percentage you can earn at Costco (besides the store’s gas stations) and For a store card, 2% back at the store itself isn’t the best.

Sign-up bonus: Sign-up bonuses are a popular incentive many credit cards offer to new clients, but the Costco Anywhere Visa® Business Card by Citi doesn’t have one.

0% intro APR intro offer: Some business credit cards have 0% intro APR offers, which are useful for clients who have expensive business purchases they need to pay off over time. With this card, you’ll pay the standard interest rate from the beginning.

One annual cash back distribution: A potential frustration is that you can’t just redeem your cash back at any time. Instead, you’ll receive your cash back for the prior year after the close of February’s billing cycle. Most cardholders get a reward certificate, although Citi and Costco reserve the right to send cash back of over $10,000 through alternative methods.

You can use your reward certificate for cash back or to purchase merchandise. The certificate is good until Dec. 31 of the year you receive it.

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This method of receiving cash back is obviously less convenient than redeeming it online whenever you have enough for the redemption minimum, which is what most cash back cards offer. And the bigger problem is that all your cash back is forfeit if your credit account is closed before reward certificates are sent out. If you decide you want to close your card in June, you’ll have to wait until the next year or throw away all your cash back.

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