Guys, I’m so excited!
I got this card in the mail today, and I can’t wait to use it. The new Costco Citi co-branded credit card is significantly better than the current American Express version. The cash back on nearly every earnings category has been increased – a whopping 4% cash back on gas, 3% on restaurants and travel, 2% at Costco (including Costco.com), and the standard 1% on everything else.
I supplement my miles and points strategy with cash back cards like this one. The 3% cash back on travel expenses helps me fund my future trips. And I regularly shop at Costco for the gas and groceries, so this card is one I will have permanently in my wallet.
I went to citi.com/costcosetup to activate the card and discovered that I couldn’t activate it, but just confirm my receipt of the card. I called customer service to find that I couldn’t use the card until June 20th due to the existing exclusivity contract with Amex. Boo.
Even if you don’t shop at Costco, I would recommend getting this card for the cash back on gas, restaurants, and travel. For the average household, and at current gas prices, you will break even on the $50 annual fee in about three months. Every spend after that is gravy!
I’m giving away prizes to my readers at midnight, including a $30 credit for Hyatt hotels and a $10 Macy’s e-gift card. Subscribing is one of the easy ways to enter the raffle, and you can increase your chances with other actions. Read the original post for more information. Winners will be announced on Monday.
Have a great weekend!