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
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
“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
Damage &. Theft Protection
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
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.
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.
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.
| Twitter: @Citi | YouTube: www.youtube.com/citi
| Blog: http://blog.citigroup.com
| Facebook: www.facebook.com/citi
| LinkedIn: www.linkedin.com/company/citi
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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