The Costco Anywhere Visa® Card by Citi may give high credit limits to people with good-to-excellent credit, a lot of income, and relatively little debt. The minimum credit limit is $500, and some cardholders report having limits as high as $11,900.
Earn Cash Back Rewards
After $7,000, the rate goes down to 1%. Restaurants and eligible travel: Earn unlimited 3% back on restaurants and eligible travel, including Costco travel. All other purchases from Costco and Costco.com: 2% cash back when you use the card at a Costco location or on the website.
Your Costco Credit Card approval odds are good if you have a credit score of 750+, which is considered excellent credit. Approval odds for the Costco Credit Card will also be influenced by your annual income and existing debts.
If you have excellent credit, high income and low credit utilization among other variables, issuers may offer you a credit line of $30,000 to $50,000.
A 750 credit score is Very Good, but it can be even better. If you can elevate your score into the Exceptional range (800-850), you could become eligible for the very best lending terms, including the lowest interest rates and fees, and the most enticing credit-card rewards programs.
Applicants need to have excellent credit to qualify for the Costco Anywhere Visa® Card. The exact credit score required varies, but a very good credit score ranges from 740 to 799 and excellent credit is 800 and higher, according to Experian.
The Citi Secured Mastercard could be the easiest card to get, since it's one of Citi's only cards for credit-builders and people with a limited credit history.
Exclusively for Costco members, the Costco Anywhere Visa Card by Citi offers cash back on all purchases and additional cash back on categories such as eligible gas and EV charging, restaurants and eligible travel and purchases from Costco and Costco.com. Cardholders also enjoy access to Citi Entertainment®.
The Costco Credit Card credit limit is $500 or more. Everyone who gets approved for Costco Credit Card is guaranteed a credit limit of at least $500, and the most creditworthy applicants could get much higher limits.
Though Costco raised its executive-membership fee from $120 to $130 this year, it's definitely still worth it for our family of four — especially considering we buy the majority of our groceries at Costco. Here are 11 of our favorite items to buy that help us make the most of our membership.
It's generally recommended that you have two to three credit card accounts at a time, in addition to other types of credit. Remember that your total available credit and your debt to credit ratio can impact your credit scores. If you have more than three credit cards, it may be hard to keep track of monthly payments.
If you're just starting out, a good credit limit for your first card might be around $1,000. If you have built up a solid credit history, a steady income and a good credit score, your credit limit may increase to $5,000 or $10,000 or more — plenty of credit to ensure you can purchase big ticket items.
Can you get a credit limit increase with the Costco Anywhere Visa® Card by Citi? As a cardmember you may be eligible for a credit limit increase. You can request a credit limit increase online for the Costco Anywhere Visa Card at citi.com/creditcards or via phone at 866-641-4054 (TTY: Use 711 or Other Relay Service).
Cash back rewards
4% on eligible gas and EV charging for the first $7,000 per year and then 1% thereafter. 3% on restaurants and eligible travel. 2% on all other purchases from Costco and Costco.com. 1% on all other purchases.
Based on FICO® Score 8 model.
The best credit card overall is the Wells Fargo Active Cash® Card because it gives 2% cash rewards on purchases and has a $0 annual fee. For comparison purposes, the average cash rewards card gives about 1% back. Cardholders can also earn an initial bonus of $200 cash rewards after spending $500 on purchases...
If you are planning to apply for Citibank credit cards, make sure that you are at least 21 years old and have a minimum monthly salary of AED 5,000 or more. You must also ensure that you possess a good credit score.
Bottom line. To get approved for the Costco Anywhere Visa® Card by Citi you'll typically need a FICO® score of 800 or higher. This cash-back card doesn't have an annual fee, but you'll need a Costco membership to apply. There are two levels of Costco membership which cost $60 or $120.
Making on-time payments to creditors, keeping your credit utilization low, having a long credit history, maintaining a good mix of credit types, and occasionally applying for new credit lines are the factors that can get you into the 800 credit score club.
Your Costco Credit Card application may have been denied for various reasons, such as a low credit score, not enough disposable income, or too much debt. You should receive a letter from Citibank explaining the exact reason for the denial.
The average FICO credit score in the US is 717, according to the latest FICO data. The average VantageScore is 701 as of January 2024.
While older models of credit scores used to go as high as 900, you can no longer achieve a 900 credit score. The highest score you can receive today is 850. Anything above 800 is considered an excellent credit score.
Your score falls in the range of scores, from 800 to 850, that is considered Exceptional. Your FICO® Score and is well above the average credit score. Consumers with scores in this range may expect easy approvals when applying for new credit. 21% of all consumers have FICO® Scores in the Exceptional range.