New Costco Anywhere Visa Card by Citi Offers Cash Back Rewards on Every Purchase
June 20 2016 - 8:30AM
Business Wire
Consumer and Business Cards Available for
Use Beginning Today; New Cardmembers Can Apply in Costco Warehouses
or at citicards.com
Starting today, the Costco Anywhere Visa® Card by Citi and
Costco Anywhere Visa® Business Card by Citi are available
exclusively to Costco members. With generous cash back
opportunities and benefits, the new cards enable cardmembers to
earn cash back rewards on all purchases. Today also marks the first
day that Costco begins accepting only Visa branded credit cards in
its warehouse and gas locations across the U.S. and in Puerto
Rico.
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With either the new consumer or business card, cardmembers will
earn:
- 4% cash back rewards on eligible gas
worldwide for the first $7,000 and then 1% thereafter
- 3% cash back rewards on restaurant and
eligible travel purchases worldwide
- 2% cash back rewards on all other
purchases from Costco and Costco.com
- 1% cash back rewards on all other
purchases, with no limit on earnings potential
“We have a strong relationship with our members and it’s
important that we’re rewarding their loyalty to us,” said Craig
Jelinek, CEO and President, Costco. “Our new co-brand credit card
agreement with Citi on the Visa network enables us to offer
significant value and benefits for our members across 494 locations
in the U.S. and Puerto Rico.”
In addition to offering cash back and doubling as a Costco
membership card, the cards also provide a broad range of built-in,
comprehensive benefits including:
- Damage & Theft Protection
- Extended Warranty
- Worldwide Car Rental Insurance
- Worldwide Travel Accident
Insurance
- Trip Cancellation and Interruption
Protection
“Costco revolutionized the way that Americans shop and with this
new card, we hope to revolutionize the way they pay,” said Jud
Linville, Chief Executive Officer, Global Cards and Consumer
Services, Citi. “With chip technology, worldwide acceptance, and
the opportunity for rich cash back rewards, this card is one of a
kind.”
“Today is an exciting milestone for Visa and our cardholders who
can now pay with any Visa credit or debit card when shopping at
Costco,” said Ryan McInerney, President, Visa Inc. “Visa acceptance
and the introduction of the Costco Anywhere Visa Card by Citi is
just the start of us bringing new experiences and benefits to
current and future Costco members.”
Existing Costco credit cardmembers should have already received
the new Costco Anywhere Visa Card by Citi and the card is now
available for use. Cash back rewards that were not previously
distributed will be transferred automatically to the new card.
Costco members who would like to apply for the new Costco
Anywhere Card can do so beginning today in Costco warehouses or at
citicards.com.
About Costco
Costco (NASDAQ: COST) currently operates 706 warehouses,
including 494 in the United States and Puerto Rico, 90 in Canada,
36 in Mexico, 27 in the United Kingdom, 25 in Japan, 12 in Korea,
12 in Taiwan, eight in Australia and two in Spain. Costco also
operates electronic commerce web sites in the U.S., Canada, the
United Kingdom and Mexico.
About Citi
Citi, the leading global bank, has approximately 200 million
customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments
and institutions with a broad range of financial products and
services, including consumer banking and credit, corporate and
investment banking, securities brokerage, transaction services, and
wealth management.
Additional information may be found at www.citigroup.com |
Twitter: @Citi | YouTube: www.youtube.com/citi | Blog:
http://blog.citigroup.com | Facebook: www.facebook.com/citi |
LinkedIn: www.linkedin.com/company/citi
About Visa
Visa Inc. (NYSE:V) is a global payments technology company
that connects consumers, businesses,
financial institutions, and governments in more than 200
countries and territories to fast, secure and reliable
electronic payments. We operate one of the world's most
advanced processing networks — VisaNet — that is capable
of handling more than 65,000 transaction messages
a second, with fraud protection for consumers and
assured payment for merchants. Visa is not a bank and
does not issue cards, extend credit or set rates and fees
for consumers. Visa's innovations, however, enable its
financial institution customers to offer consumers more
choices: pay now with debit, pay ahead of time with
prepaid or pay later with credit products. For more information,
visit usa.visa.com/about-visa, visacorporate.tumblr.com and
@VisaNews.
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version on businesswire.com: http://www.businesswire.com/news/home/20160620005332/en/
Media:CostcoBev Akada,
425-313-8507bakada@costco.comorCitiJennifer Bombardier,
718-248-4652jennifer.bombardier@citi.comorVisaAida Hadzibegovic,
415-805-4242ahadzibe@visa.com
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