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New Costco Anywhere Visa Card by Citi Offers Cash Back Rewards on Every Purchase | Business Wire

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<p>ISSAQUAH, Wash. &. NEW YORK &. SAN FRANCISCO–(BUSINESS WIRE)–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.

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've 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. 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've already received the new

Costco Anywhere Visa Card by Citi and the card is now available for use.

Cash back rewards that weren't previously distributed will be

transferred automatically to the new card.

Costco members who'd 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. 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. 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's capable of handling more than

65,000 transaction messages a second, with fraud protection for

consumers and assured payment for merchants. Visa isn't 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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Media:
Costco
Bev Akada, 425-313-8507
bakada@costco.com
or
Citi
Jennifer Bombardier, 718-248-4652
jennifer.bombardier@citi.com
or
Visa
Aida Hadzibegovic, 415-805-4242
ahadzibe@visa.com

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