Costco Anywhere Visa Business Card by Citi Review (2026): Fuel Rewards on a One-Payout Schedule

Five rates, one shared cap, and one annual payout. That last part is the piece people misread.

Earn 5% on Costco gas and 4% on other eligible gas and EV charging (both sharing one combined $7,000 annual bucket, then 1%), 3% on restaurants and eligible travel including Costco Travel, and 2% on other Costco and Costco.com purchases. Everything else earns 1%.

The $7,000 fuel bucket is combined across both tiers, so warehouse gas and outside gas draw down the same allowance. A business spending $600 a month on fuel exhausts it before the year is out and finishes the remaining months at 1%.

Then there is the currency itself. Citi states that cash back is provided as an annual credit card reward certificate once your February billing statement closes, redeemable for cash or merchandise at US Costco warehouses, including Puerto Rico. The certificate expires on December 31 of the year it was issued and is used in one transaction: if your purchase comes in under the certificate amount, the cashier hands back the difference in cash. There is no monthly statement credit option and no way to draw the balance down through the year.

There is not one. Citi publishes no sign-up bonus for this card, which removes the usual first-year cushion that makes a new business card look good on paper.

That matters more than it sounds. On most no-fee business cards the welcome bonus is the single largest payout of year one, and its absence here means the card has to earn its keep entirely on run-rate spend from the first statement forward. Judge it on your fuel and restaurant volume, not on an opening offer.

An active Costco membership is required to apply, and the card doubles as the membership card. A Business Membership runs $65 a year plus applicable sales tax and includes a free Household Card, with Affiliate Cardholders available at $65 each. Business Members are required to provide Costco with appropriate resale information. The Executive Membership costs $130 a year, which is the $65 membership fee plus a $65 upgrade fee, and adds an annual 2% Reward on qualified Costco purchases on top of anything the card earns.

The card's own benefit list is modest but practical. Damage and theft purchase protection covers eligible purchases for up to 120 days after purchase or delivery, reduced to 90 days for New York residents. Worldwide car rental insurance applies when you decline the rental company's collision and loss damage coverage. Travel and emergency assistance services run 24/7, and roadside assistance dispatch is available in the US, Puerto Rico and the US Virgin Islands at your own cost, which is dispatch rather than free service. Citi Entertainment, Citi Flex Pay, free access to your FICO Score and Citi Quick Lock fraud controls round out the account features.

The card is free; the membership is not. Budget $65 a year at minimum, $130 if you want the Executive tier's 2% Costco reward, plus $65 for each Affiliate Cardholder. Employee and authorized user cards on the credit card itself cost nothing.

Financing is the weak spot. There is no introductory APR, so any balance you carry starts accruing at the go-to rate immediately. That rate runs 18.74% to 26.74% variable based on creditworthiness, as of July 5, 2026. Foreign purchases carry no transaction fee, which is a genuine saving for a business buying from overseas suppliers.

One practical warning on the rest of the fee schedule. Citi's public pricing block for this card renders the cash advance APR, penalty APR, minimum interest charge, cash advance fee and late fee as blanks, so the numbers are not available to you before you apply. A penalty APR does exist, since the disclosure language describes one applying if you pay late or a payment is returned, but the figure is not published. Read the cardmember agreement you receive at account opening rather than assuming standard terms.

This fits a business that is already a Costco Business Member and already buys fuel at the pump: a small contractor with two or three vehicles, a delivery operation, a mobile services company. Those businesses spend the $7,000 fuel allowance efficiently at 5% and 4%, buy supplies at 2%, and treat the February certificate as a predictable once-a-year restock at the warehouse. Add a management team that eats out on the card and the uncapped 3% restaurant rate does real work.

Skip it if you are not going to keep a Costco membership, because the card cannot exist without one. Skip it if your cash flow needs rewards you can convert on demand, since there is no way to take value out between February certificates and an unused certificate is gone after December 31. And skip it if you plan to finance a large equipment purchase on a new card, because there is no introductory APR here to do that with.

Do I have to keep my Costco membership to keep the card?

Yes. Citi requires an active Costco membership to apply, and the card serves as your membership card. The $0 annual fee is tied to that paid membership, so the real annual cost of holding this card is the membership fee, which starts at $65 plus applicable sales tax.

When do I actually receive my cash back?

Once a year. Citi issues an annual credit card reward certificate after your February billing statement closes. You redeem it at a US Costco warehouse for cash or merchandise, in a single transaction, and if the purchase is smaller than the certificate the cashier returns the difference in cash. It expires on December 31 of the year it was issued.

Do employee cards cost extra?

No. Citi states there is no authorized user fee on this card, so you can put staff cards on the account without adding to your annual cost. Their spend earns at the same published rates.

Can I use this card overseas?

Yes, without a surcharge. Citi confirms there is no fee for foreign purchases. Keep in mind that the reward certificate is redeemable at US Costco warehouses and Puerto Rico, so rewards earned abroad still have to come home to be spent.

Treat this as a fuel and warehouse card with an unusual settlement schedule rather than a general-purpose business card. The rates are good where they are good, the $7,000 combined fuel ceiling arrives faster than most owners expect, and the once-yearly certificate is the term that should decide you either way. If a Costco membership is already a line in your budget and you can live with collecting your rewards in a checkout lane each spring, the card costs you nothing to hold. If not, the mechanics will annoy you more than the rates reward you.

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