Costco Credit Card Perks: When the Benefits Actually Make Sense for Households

Shoppers walk out with full carts from a Costco store in Washington on May 5, 2020. Nicholas Kamm/AFP via Getty ImagesThe Costco Anywhere Visa by Citi can deliver strong value for households that spend heavily on gas, along with dining, travel, and Costco purchases. In 2026, the card offers 5 percent cash back on Costco gas and 4 percent on other eligible gas and electric vehicle (EV) charging (up to a $7,000 annual cap), plus tiered rewards in other categories. But because rewards are paid out once per year as a certificate, the card makes the most sense for disciplined households whose spending aligns naturally with its bonus structure.On paper, the Costco Anywhere rewards look compelling. However, in the big credit card market, real value depends on how your household actually spends money.Understanding the 2026 Rewards StructureAs of 2026, the Costco Anywhere Visa offers:5 percent cash back on gas at Costco gas stations4 percent cash back on other eligible gas and EV charging purchases5 percent and 4 percent gas rewards are capped at $7,000 in combined annual spending, then drop to 1 percent3 percent cash back on restaurants and eligible travel, including Costco Travel2 percent cash back on Costco and Costco.com purchases1 percent cash back—all other purchasesThe Costco Anywhere card features no annual fee, but you must maintain an active Costco membership.