Costco Credit Card: Everything You Need to Know
Costco is a popular warehouse club that offers a store credit card with a variety of benefits for its customers. The Costco credit card is issued by Citibank and can be used both inside and outside of Costco stores. Here's everything you need to know about the Costco credit card.
Benefits of the Costco Credit Card
The Costco credit card offers a variety of benefits for its users, including:
- Cash back rewards: When you use your Costco credit card, you earn cash back rewards on your purchases. You earn 4% cash back on eligible gas purchases (up to $7,000 per year), 3% cash back on eligible restaurant and travel purchases, 2% cash back on all other Costco purchases, and 1% cash back on all other purchases.
- No annual fee: The Costco credit card doesn't charge an annual fee, making it a great option for those who don't want to pay extra fees for a credit card.
- Extended warranty: The Costco credit card extends the manufacturer's warranty for an additional 2 years on eligible purchases made with the card.
- Worldwide acceptance: The Costco credit card can be used anywhere Visa is accepted, making it a convenient option for those who travel internationally.
- Price protection: If you find a lower price on an eligible item within 60 days of purchase, the Costco credit card may provide a refund of the difference.
How to Apply for a Costco Credit Card
You can apply for a Costco credit card online or in-store. To apply online, visit the Costco website and click on the "Credit Card" link at the bottom of the page. You'll be taken to a page where you can fill out an application and submit it electronically. To apply in-store, simply ask a sales associate for an application.
To qualify for a Costco credit card, you must be a Costco member. If you're not already a member, you can sign up for a membership online or in-store. You'll also need to provide your Social Security number and income information. Your credit score will be checked during the application process, so it's important to have a good credit history.
Managing Your Costco Credit Card Account
Once you have a Costco credit card, you can manage your account online through the Citibank website. You can check your balance, view transactions, make payments, and update your account information. You can also enroll in paperless billing to receive your statements electronically.
It's important to make your payments on time to avoid late fees and interest charges. You can make payments online, by mail, or in-store. If you have any questions about your account or need assistance, you can contact Citibank customer service for help.
Conclusion
In conclusion, the Costco credit card is a great option for frequent shoppers at Costco. With its cash back rewards, extended warranty, and price protection, the Costco credit card offers a variety of benefits for its users. Applying for a Costco credit card is easy, and managing your account is convenient with online access. If you're a regular shopper at Costco, consider applying for a Costco credit card to take advantage of its benefits.