Is It Worth Getting A Costco Credit Card?

Does Costco credit card give you membership?

Additional Costco Credit Card Benefits 1% cash back on other purchases.

This card comes with no annual fee, although you do have to spring for an annual Costco membership to qualify.

You can redeem your rewards for shopping vouchers to use at Costco..

Can my husband use my Costco card?

If you’re the Primary Member or Account Manager you can assign your free household card to one other person in your home. That way they’ll also get the benefits of a Costco membership.

Does Citibank give instant approval?

Issuers that may offer a chance of instant approval include American Express, Barclays, Chase, Capital One and Citi. Secured credit cards may offer instant approval but require you to put a deposit down.

What are the benefits of a Costco credit card?

Costco Anywhere Visa® Cards by Citi4% cash back on eligible gas worldwide, including gas at Costco, for the first $7,000 per year and then 1% thereafter. … 3% cash back on restaurant and eligible travel purchases worldwide. … 2% cash back on all other purchases from Costco and Costco.com. … 1% cash back on all other purchases.

What is the minimum credit score for a Citi card?

You need a good credit score for a Citi credit card in most cases. So you’ll have a shot with a credit score of 660+, and your odds will be good with 700+. But it really depends on which card you’re after. Some Citi credit cards require higher scores, and one has no minimum score at all.

How do you get approved for a Costco credit card?

What’s the Costco credit card credit score requirement?Personal credit always is the key. … Income & assets are your friends. … Existing debt counts against you. … Take anecdotal evidence with a grain of salt.

What credit card is the best?

The Best Credit Cards of 2020Blue Cash Preferred® Card from American Express: Best Cash Back Card.Citi® Double Cash Card: Best No Annual Fee Card.Chase Sapphire Preferred® Card: Best All Around Travel Rewards Card.The Blue Business® Plus Credit Card from American Express: Best Business Credit Card.More items…

Can you use Costco credit card anywhere?

Yes. Just like the TrueEarnings® Card from Costco and American Express, it doubles as a membership card. You can also use it to make purchases at stores other than Costco. The Costco Anywhere Visa® Card by Citi’s annual fee is $0, but to get it you have to be a Costco member, which costs at least $55 a year.

Is the Costco credit card worth it?

As long as you shop at Costco enough to justify the annual cost of a membership, this card is worth at least considering. Unlike some store credit cards, you’re earning rewards across more than just Costco purchases — the highest bonus category on the card is actually eligible gas stations worldwide.

What credit score is needed for a Costco visa?

740 to 799Applicants 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 is considered 740 to 799 and excellent credit is 800 and higher, according to Experian.

How much is cheapest Costco membership?

$120.00 Annual membership fee ($60 membership fee, plus $60 upgrade fee)* Includes a free Household Card. Valid at all Costco locations worldwide.

How do I get a free Costco membership?

17 Ways to Get a Costco Membership for FreeBuy Kirkland brand.Buy Tires.Buy Gift Cards.Buy Gas.Buy Movie Tickets.Keep an eye on the “Instant” Costco Coupons.Use Ibotta.Use the “Price Protection” Plan.More items…•

What credit score do you need for a amazon card?

640 or higherA score of 640 or higher is the credit score needed for the Amazon Store Card. The better your credit score is, the higher your approval odds will be.

Can I redeem my Costco rewards for cash?

Reward certificates can be redeemed for merchandise or cash (which may be fulfilled in an alternative form, such as a check or electronic transfer, at Costco’s discretion).

How many credit cards should I have?

To prepare, you might want to have at least three cards: two that you carry with you and one that you store in a safe place at home. This way, you should always have at least one card that you can use. Because of possibilities like these, it’s a good idea to have at least two or three credit cards.

How hard is it to get a Costco credit card?

Costco members with credit scores of 750 or higher whose most common expenses include gas, travel and dining should consider applying for the Costco Credit Card. … Its regular APR is above average for a card that requires excellent credit for approval. There aren’t any low introductory rates, either.

Does the Costco Visa card cover rental car insurance?

Costco credit card rental car insurance covers you for up to $50,000 toward the cost of repairs or the cash value of the car, whichever is less, when you pay for a rental car with the Costco Citi card and decline the rental company’s collision loss/damage insurance.

What is the easiest Citi card to get?

Citi Secured MastercardThe easiest Citi card to get is the Citi Secured Mastercard because it is the only one that will accept applicants with bad credit. The Citi Secured Card requires a $200+ refundable security deposit but has a $0 annual fee. It also helps build credit history with monthly reporting to the credit bureaus.

Can you get a credit card with a 550 credit score?

Generally speaking, a credit score of between 300 (the lowest FICO score) and 650 is considered bad credit. However, some card issuers will consider scores of 550 to 650 as being simply poor credit and may consider you for an unsecured credit card.

What FICO score does Citi use?

What score model was used to calculate my score? Your FICO® Score is calculated based on data from Equifax using the FICO® Bankcard Score 8 model and is the same score we use, among other information, to manage your account. This model has a FICO® Score range from 250 through 900.