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6 Best Visa Credit Cards to Use at Costco

Advertiser Disclosure: This post includes references to offers from our partners. We receive compensation when you click on links to those products. However, the opinions expressed here are ours alone and at no time has the editorial content been provided, reviewed, or approved by any issuer.

After years of pointless resistance, I finally broke down and signed up for a Costco membership. The experience has been everything I was told to expect and more.

Without even considering logistical boons like super-cheap bulk ingredients to sustain my family’s freezer meal habit, Costco has been a financial home run for us. My conservative estimate puts our annual savings at three times (or more) the annual membership fee.

Don’t get me wrong: Costco has quirks, some of which take more getting used to than others. One of the most intriguing from my perspective as someone who spends lots of time thinking about credit cards is Costco’s apparent distaste for American Express. You can’t use Amex anywhere in the Costco universe: not in its stores, not on its website, not even at its budget-friendly gas pumps.

It gets worse. Costco’s warehouse stores and gas stations only accept Visa credit cards: no Mastercard or Discover — and certainly not Amex — according to Costco’s complete list of acceptable payment methods. Costco.com does accept Mastercard and Discover, but that’s cold comfort for people who prefer to shop in person.

Payments-wise, the one silver lining for in-store shoppers is a relatively recent accommodation for popular mobile wallets, including Apple Pay, Google Pay, and Samsung Pay. If you have a non-Visa card tied to one of those wallets, you should be able to use it in-store.

Still, the best way to deal with Costco’s payment pickiness is to identify a trusty Visa card to use online, at the warehouse, and at the gas pump — and stick to it.

Best Visa Credit Cards to Use at Costco

These credit cards are all excellent spending aids for people who regularly shop at Costco. The first two are clear winners in this category, so I’d highly recommend applying for one or the other if you like what you see.

1. Costco Anywhere Visa® Card by Citi

4% Back on Gas Purchases, Including at Costco Gas Stations (Up to the First $7,000 in Eligible Purchases Each Year); 2% Back on Purchases at Costco Stores and Costco.com

Citi Costco Anywhere Visa Credit Card

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The Costco Anywhere Visa® Card by Citi is the best credit card to use at Costco, period. Indeed, the card itself is a Costco shopping hack: It’s virtually guaranteed to save Costco shoppers more than another payment method.

The Costco Anywhere Visa card really shines at the gas pump, where it earns 4% back on the first $7,000 in eligible purchases each year. This includes non-Costco gas too. In-store and online Costco purchases earn 2% back, which means you’d need to spend $3,000 on eligible Costco purchases to break even on the $60 annual membership fee through Costco-earned credit card rewards alone. But, with such an attractive rewards structure, chances are good you’ll break even well before then.

  • Sign-Up Bonus: There’s currently no sign-up bonus. Check back for the latest offers.
  • Rewards Rate: Earn 4% back on the first $7,000 in gas purchases at Costco stations and other qualifying gas stations, excluding stations affiliated with other warehouse clubs and certain supermarkets, superstores, and convenience stores. Earn unlimited 3% back on eligible travel and restaurant purchases. Earn unlimited 2% back on all non-gas purchases at Costco and Costco.com and unlimited 1% back on everything else, including gas purchases above the $7,000 annual limit.
  • Redeeming Rewards: You’ll receive a coupon for the full amount of cash back earned during the previous calendar year with your February billing statement. You can redeem this coupon at any Costco warehouse location as a credit against in-store purchases or for cash. If the coupon value is greater than the in-store purchases you’re attempting to redeem for, you’ll redeem the remainder in cash.
  • Introductory APR: None.
  • Important Fees: There’s no annual fee other than the annual Costco membership fee — currently $60. The foreign transaction fee is 3%, except at international Costco locations.
  • Credit Required: This card requires excellent credit.

See our Costco Anywhere Visa Card by Citi review for more information. Learn more about this card and find out how you can apply here.

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2. Costco Anywhere Visa® Business Card by Citi

4% Back on Gas Purchases, Including at Costco Gas Stations (Up to the First $7,000 in Eligible Purchases Each Year); 2% Back on Purchases at Costco Stores and Costco.com

Costco Anywhere Business Credit Card

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The Costco Anywhere Visa® Business Card by Citi is the small-business version of the consumer Costco Anywhere Visa card and is functionally identical to its counterpart: same rewards scheme, same redemption procedures, same fee schedule. The only difference is right there in the name. This card is ideal for business owners, solopreneurs, even freelancers and gig economy workers — anyone who qualifies for a Costco business membership.

  • Sign-Up Bonus: There’s currently no sign-up bonus. Check back for the latest offers.
  • Rewards Rate: This card’s rewards scheme is identical to the consumer Costco Anywhere Visa’s.
  • Redeeming Rewards: This card’s coupon-based redemption procedures are the same as those of the consumer Costco card.
  • Introductory APR: None.
  • Important Fees: There’s no annual fee for the card other than the $60 annual Costco membership. The foreign transaction fee is 3%, except at international Costco locations.
  • Credit Required: This card requires excellent credit.

See our Costco Anywhere Visa Business Card by Citi review for more information. Learn more about this card and find out how you can apply here.

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3. Citi Double Cash® Card

Unlimited 1% Cash Back on Eligible Purchases and 1% Cash Back on Eligible Balance Payments

Citi Double Cash Card Art 12 4 19

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The Citi Double Cash® Card is a popular cash-back credit card that effectively earns unlimited 2% cash back when you pay your balance on time and in full. This rate of return is equal to the Costco Anywhere Visa card’s in-store and online return, with the added benefit of monthly redemptions. The downside, of course, is that Double Cash does not pay 4% cash back on gas purchases. But it’s still nothing to sneeze at.

  • Sign-Up Bonus: There’s currently no sign-up bonus. Check back for the latest offers.
  • Rewards Rate: Earn unlimited 1% cash back on eligible purchases when you make them and 1% cash back on eligible balance payments — provided you pay at least the minimum payment due by the statement due date. This equates to an effective 2% rate of return on all eligible purchases, including Costco purchases, when you pay your balance in full and on time.
  • Redeeming Rewards: After reaching the $25 minimum redemption threshold, you can redeem your accumulated cash-back rewards for a paper check, statement credit, gift card, or bank account deposit.
  • Introductory APR: Enjoy 0% for 18 months on balance transfers. Thereafter, variable regular APR applies. There’s no corresponding promotion for purchases.
  • Important Fees: There’s no annual fee. The foreign transaction fee is 3%.
  • Credit Required: This card requires good to excellent credit.

See our Citi Double Cash Card review for more information. Learn more about this card and find out how you can apply here.

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4. Chase Freedom Unlimited® Credit Card

Unlimited 1.5% Cash Back on Most Eligible Purchases; 0% APR on Purchases for 15 Months From Account Opening

Chase Freedom Unlimited Credit Card

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The Chase Freedom Unlimited® Credit Card is another cash-back credit card that delivers a solid rate of return on Costco purchases: unlimited 1.5% cash back. Freedom Unlimited’s 3% and 5% bonus categories don’t extend to Costco, but its unusually generous 0% APR introductory promotion — good for 15 months on purchases — certainly does. Few cards are better choices for financing a massive Costco spree.

  • Sign-Up Bonus: Earn $200 bonus cash after you spend at least $500 in eligible purchases in the first three months.
  • Rewards Rate: Earn unlimited 1.5% cash back on most purchases, except for the following: Unlimited 5% cash back on all eligible travel purchases made through Chase Ultimate Rewards travel; unlimited 3% cash back on eligible drugstore and dining purchases (including takeout and delivery); and unlimited 5% cash back on Lyft rides through March 2022.
  • Redeeming Rewards: Redeem in any amount for statement credits, bank account deposits, gift cards, travel and general merchandise purchases made through Chase’s Ultimate Rewards portal, and merchandise purchases made directly with online retailers such as Amazon. You can also transfer points to participating Chase travel partners at a favorable 1-to-1 ratio.
  • Introductory APR: Enjoy 0% APR on purchases for 15 months from account opening. Thereafter, variable regular APR applies.
  • Important Fees: There is no annual fee. Foreign transactions cost 3%.
  • Credit Required: This card requires good to excellent credit.

See our Chase Freedom Unlimited Credit Card review for more information. Learn more about this card and find out how you can apply here.

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5. Chase Sapphire Preferred® Card

Fantastic Sign-Up Bonus

Chase Sapphire Preferred Card

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The Chase Sapphire Preferred® Card, a leading travel rewards credit card, doesn’t confer any special privileges on Costco shoppers and doesn’t have a super-long 0% APR promotion for purchases. But it does have an excellent sign-up bonus that’s reason enough to make it part of your Costco rotation — temporarily, at least.

  • Sign-Up Bonus: Earn 60,000 bonus Ultimate Rewards points after spending $4,000 in eligible purchases in the first three months. That’s worth $750 when redeemed for travel booked through Chase Ultimate Rewards or statement credits against eligible purchases using Chase’s limited-time Pay Yourself Back feature.
  • Rewards Rate: Earn 2 points per $1 spent on eligible travel and restaurant purchases and 1 point per $1 spent on all other eligible purchases. Through March 2022, earn 5 points per $1 spent on qualifying Lyft rides.
  • Redeeming Rewards: The best way to redeem points is for travel purchased through the Chase Ultimate Rewards portal or — for a limited time only — statement credits against select purchases using Chase’s Pay Yourself Back feature. Both methods increase points’ redemption value by 25%. Alternative, you can transfer points to about a dozen Chase travel partners at a favorable 1-to-1 ratio.
  • Introductory APR: None.
  • Important Fees: The annual fee is $95. There are no foreign transaction fees.
  • Credit Required: This card requires good to excellent credit.

See our Chase Sapphire Preferred Card review for more information. Learn more about this card and find out how you can apply here.

Learn More


6. Wells Fargo Cash Wise Visa® Card

Unlimited 1.5% Cash Back on Most Eligible Purchases; 0% APR on Purchases for 15 Months

Wells Fargo Cash Wise Card

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The Wells Fargo Cash Wise Visa® Card is another popular cash-back credit card that earns unlimited 1.5% back on Costco purchases and boasts an unusually generous 0% APR introductory period — also 15 months. If you prefer Wells Fargo to Chase, this card is for you, although the sign-up bonus isn’t quite as impressive as Freedom Unlimited’s.

  • Sign-Up Bonus: Earn a $150 cash bonus after spending $500 in purchases within the first three months.
  • Rewards Rate: Earn unlimited 1.5% cash back on all purchases.
  • Redeeming Rewards: After accumulating at least $25 in cash-back rewards, you can redeem for statement credits, paper checks, or Wells Fargo bank account deposits. You can also redeem for ATM withdrawals at Wells Fargo ATMs in $20 increments.
  • Introductory APR: Enjoy 0% APR on purchases and balance transfers for 15 months from account opening. Thereafter, variable regular APR applies.
  • Important Fees: There is no annual fee. The foreign transaction fee is 3%
  • Credit Required: This card requires good to excellent credit.

See our Wells Fargo Cash Wise Visa Card review for more information. Learn more about this card and find out how you can apply here.

Learn More


Final Word

These credit cards serve Costco members well. That said, none — not even the excellent Costco Anywhere Visa Card by Citi and its business-friendly counterpart, both of which are tailored to Costco loyalists — is worth getting a Costco membership for.

Before applying for a card to use at Costco, crunch the numbers and confirm that a warehouse club membership is worth it for you and your family. Consumers for whom buying in bulk doesn’t make economic sense aren’t likely to get much value out of a Costco membership and might not even recoup the annual membership fee.

If you’re reasonably sure that a Costco membership will reduce your net household expenses in the long run, consider applying for one of these cards shortly after signing up. You might as well be ready to reap the rewards on your very first Costco shopping trip.

Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airline, or hotel chain, and has not been reviewed, approved, or otherwise endorsed by any of these entities. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, or hotel chain, and have not been reviewed, approved, or otherwise endorsed by any of these entities.

Brian Martucci
Brian Martucci writes about credit cards, banking, insurance, travel, and more. When he's not investigating time- and money-saving strategies for Money Crashers readers, you can find him exploring his favorite trails or sampling a new cuisine. Reach him on Twitter @Brian_Martucci.

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