Mar 24, 2016, 4:47 pm
Last edit by: cjw2001
FAQ on the Costco Anywhere Visa card: Your Costco Credit Card Account is Being Replaced by Citi
Transition date was June 20, 2016.
- 4% back on gas (up to $7k per year) (Gas at supermarket branded gas stations and warehouse gas stations other than Costco does not qualify.)
- 3% back on travel & dining
- 2% back at Costco and Costco.com
- 1% back elsewhere
From the Citi Costco Site:
Will my Costco Anywhere Card have foreign purchase transaction fees?
Yes. A fee of 3% of the amount of the transaction in US Dollars will be applied to purchases made in a currency other than US Dollars.
There are no foreign transaction fees for purchases made at Costco warehouses worldwide when you pay with your new Costco Anywhere Card.
Please note: not all international Costco warehouse locations accept Visa cards.
Announced 3/1/2018: There will be no foreign purchase transaction fees.
Extended warranty benefit removed for purchases after January 21, 2023.
Transition date was June 20, 2016.
- 4% back on gas (up to $7k per year) (Gas at supermarket branded gas stations and warehouse gas stations other than Costco does not qualify.)
- 3% back on travel & dining
- 2% back at Costco and Costco.com
- 1% back elsewhere
From the Citi Costco Site:
Will my Costco Anywhere Card have foreign purchase transaction fees?
There are no foreign transaction fees for purchases made at Costco warehouses worldwide when you pay with your new Costco Anywhere Card.
Please note: not all international Costco warehouse locations accept Visa cards.
Announced 3/1/2018: There will be no foreign purchase transaction fees.
Extended warranty benefit removed for purchases after January 21, 2023.
Details on new Citi Costco VISA.
Mar 31, 2016, 12:32 pm
#106
Join Date: Jan 2005
Programs: UA GOLD MM,WN CP A+list, HH Gold,MR LT Titanium
Posts: 2,184
Speculation in this subreddit (based on MCCs) is that Costco.com will qualify for the Freedom 5X bonus.
If this pans out, some people are going to have a very good quarter.
If this pans out, some people are going to have a very good quarter.
Mar 31, 2016, 7:08 pm
#107
Join Date: Sep 2013
Location: East Coast, USA
Posts: 1,032
Thanks
Thanks everyone for answering my questions regarding Costco cash reward. I guess we can still work around to get the good earnings on other cards, in conjunction with the Costco card, with some effort. You guys are pros! 
Mar 31, 2016, 8:32 pm
#108
Join Date: Sep 2008
Location: Long Island, NY
Programs: Marriott Titanium Elite/Lifetime Titanium, Delta Platinum Medallion, Hertz #1 Gold
Posts: 722
FYI, I just called the citibank customer service number ((866) 241-8684), and I was told that there will be a 3% Foreign Transaction Fee on this card. I'll update the Wiki.
Apr 1, 2016, 10:55 am
#109
Join Date: Mar 2007
Location: SJC/SFO
Programs: WN A+ CP, UA 1MM/*A Gold, Mar LT Tit, IHG Plat, HH Dia
Posts: 6,284
.
Apr 2, 2016, 12:00 am
#111
FlyerTalk Evangelist
Join Date: Sep 2006
Location: Toledo, OH
Programs: Delta DM & MM, Hilton DM, Marriott gold, Hyatt Globalist, Alaska 75K, Wyndham Diamond,
Posts: 15,398
Thanks! No real surprise though, I don't know of any credit card that is fee free, outside the PenFed Visa, that has no FTF
Apr 2, 2016, 1:03 am
#112
Join Date: Sep 2008
Location: Long Island, NY
Programs: Marriott Titanium Elite/Lifetime Titanium, Delta Platinum Medallion, Hertz #1 Gold
Posts: 722
Apr 2, 2016, 4:03 pm
#113
FlyerTalk Evangelist
Join Date: Aug 2009
Location: ZOA, SFO, HKG
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http://newsroom.mastercard.com/press...-relationship/
Specifically:
...Citi will begin aligning the company’s consumer proprietary credit and debit portfolios to the MasterCard network in 2015...
Apr 2, 2016, 4:44 pm
#114
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,954
I still have not seen any indication that the alignment applies to discontinued products. Just today I received a replacement AT&T business credit card which is approaching expiration. It earns ThankYou Rewards and remains on VISA network.
Apr 3, 2016, 6:34 am
#115
Join Date: May 2010
Location: ORDwest
Posts: 332
My AT&T Universal Card, a personal VISA card product, expires later this year. I opened the account in 1990 and retain the card for its history and generous credit limit. Otherwise, it's useless: no AF but 3% FTF, no EMV, ridiculous Citi "Easy Deals" points, and AT&T calling card benefits that ceased to be valuable about 10-15 years back. A real anachronism! I was hoping to consolidate the account history onto the new Costco card when it's issued. We'll see how that works.
Apr 3, 2016, 7:13 pm
#116
FlyerTalk Evangelist
Join Date: Aug 2009
Location: ZOA, SFO, HKG
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In fact, while my Citibank ATM card is EMV-equipped, the rest of my family are still using one without the EMV chip. This gives me a strong indication that Citi falls behind on everything.
Cobranded products are not affected per the press statement:
...Citi will continue to work with other networks, including on consumer co-brands and commercial cards.
Apr 4, 2016, 5:12 pm
#117
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,954
We may have lost sight of the reason for this detour.
I was reacting to this statement by pointing out that I have two VISA cards issued by Citi which could be used at Costco, and both earn ThankYou Rewards. Neither you nor I know if Citi will eventually convert these discontinued products from VISA to MasterCard, but it seems improbable (to me) because they allow such products to die by attrition.
They just renewed my AT&T card on VISA, and they will have another opportunity to show their intentions when my Forward card expires in September.
I do agree that it is improbable that they will issue any new ThankYou Rewards products on VISA network.
They just renewed my AT&T card on VISA, and they will have another opportunity to show their intentions when my Forward card expires in September.
I do agree that it is improbable that they will issue any new ThankYou Rewards products on VISA network.
Apr 5, 2016, 12:02 am
#118
FlyerTalk Evangelist
Join Date: Aug 2009
Location: ZOA, SFO, HKG
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I was reacting to this statement by pointing out that I have two VISA cards issued by Citi which could be used at Costco, and both earn ThankYou Rewards. Neither you nor I know if Citi will eventually convert these discontinued products from VISA to MasterCard, but it seems improbable (to me) because they allow such products to die by attrition.
AT&T card is a cobranded product, which is exempted. I don't know how Citi will do with Forward, given that I have one and impacted by the devaluation as well.
Apr 5, 2016, 6:52 am
#119
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
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Posts: 48,954
The reason for the exemption is to allow Citi to issue cards for partners who have their own contract with VISA (or American Express). AT&T apparently does not have a network contract. The current AT&T co-branded cards are issued on MasterCard network.