Unlock big savings: Costco's latest perk for drivers beats all past deals!

Attention, road warriors and savvy shoppers! If you're a Costco member with a knack for smart spending and fuel efficiency, you're in for a treat.

The retail giant known for its bulk bargains and members-only exclusivity has just supercharged its rewards program for drivers. Costco's Anywhere Visa Card by Citi is rolling out a new perk that's sure to rev up your cash-back rewards. How can you make the most out of this?



Starting January 19, 2025, Costco Anywhere Visa cardholders will find their wallets a bit heavier with cash-back rewards.

The new 5% reward category for gas purchases at Costco pumps is a game-changer, offering a full percentage point increase from the previous 4% cash-back reward. This means every time you refuel at Costco, you're earning more money back for every gallon.

But wait, there's more! This isn't just a one-time offer or a limited-time promotion. This perk is here to stay, adding even more value to your Costco membership.

And for those who might be wondering, the rest of the reward categories remain unchanged, continuing to offer generous cash-back on a variety of purchases.


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Costco has introduced a new perk for its Anywhere Visa Card holders, offering 5% cash back on gas purchased at Costco stations. Image source: Costco.



In addition to the increased savings, Costco is also giving its credit cards a fresh new look.

The newly issued cards will now come in a sleek black color, replacing the existing gray design.

If you're holding onto an older card, don't worry – you'll receive the updated version upon expiration, loss, or theft, or simply by requesting a replacement.

Costco shoppers have taken to social media platforms to express their excitement and share tips on maximizing these rewards.



One customer exclaimed, “Costco has updated its credit card cashback, and now gasoline at Costco gets you 5% cash back instead of 4%.”

The sentiment was echoed by many, with another adding, “I get nearly all of my gas from Costco and have the Citi Costco card. I approve of this increase.”

However, some shoppers are still hoping for even better deals, with one saying, “If only Costco purchases were 4-5%.”

Others are content with the current offering, noting that the convenience and savings are enough to keep them loyal to Costco's pumps.



It's important to note that the 5% cash back on Costco gas and the 4% on other gas and EV charging purchases apply to the first $7,000 spent annually in these categories.

After reaching that cap, the cash-back rate drops to 1%. This tiered system ensures that the most frequent drivers reap the most rewards.

The Costco Anywhere Visa Card isn't just a payment method; it's also your Costco membership card, streamlining your shopping experience.

With no initial bonus, the card's ongoing earning rates are what make it a standout choice for Costco loyalists.



Costco and Citi are dedicated to helping members make the most of their memberships, offering unlimited cash-back rewards on purchases.

In addition to the gas rewards, cardholders can earn 3% back on restaurants and eligible travel, 2% on all other purchases from Costco and Costco.com, and 1% on all other purchases.

For more details on the new benefits and to apply for the Costco Anywhere Visa Card, visit https://www.costco.com/credit-card.html.

Whether you're filling up your tank or planning your next road trip, Costco's latest perk is sure to drive your savings further. You can also maximize your Costco membership with this passport to savings.

Key Takeaways
  • Costco has introduced a new perk for its Anywhere Visa Card holders, offering 5% cash back on gas purchased at Costco stations.
  • This update also comes with a sleeker black design for all newly issued credit cards, with existing cardholders able to update upon request or card expiration.
  • The first $7,000 of combined spend per year on gas purchases at Costco and EV charging will earn 5% cash back, then it will drop to 1%.
  • Any other non-Costco gas purchases will continue to earn 4% cash back, up to the same yearly spending cap.

Have you taken advantage of Costco's gas rewards? Are you considering upgrading to the Costco Anywhere Visa Card to enjoy these new benefits? Share your experiences and tips with our community in the comments below!
 
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News, deals, games, and bargains for Americans over 60. From everyday expenses like groceries and eating out, to electronics, fashion and travel, The GrayVine is all about helping you make your money go further.

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