Citi released details on the new Costco Visa branded card. 4% cashback on gas! This is definitely a must-use card. We are getting the cards in May, and it looks like the switchover will take place over the few weeks following that.
4% cash back on eligible gas worldwide, including gas at Costco (up to $7,000 per year, then 1% back)3% cash back on restaurant and eligible travel purchases worldwide2% cash back on all other purchases from Costco and Costco.com1% cash back on all other purchasesThese new perks are an improvement over benefits from the current Amex-Costco card, which only offers 3% cash back on gas (with a lower $4,000 limit), 2% on restaurant and eligible travel and 1% on Costco purchases. If you’re already using this card for everyday spending, these changes are obviously better. Citi will automatically make the switch and mail you a new card in May. The new Citi card will also not have an annual fee.
Read Full Story: Costco Unveils New Visa Card Details