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Costco shoppers often face restrictions when it comes to payment options, as the retailer primarily accepts Visa credit cards for in-store purchases. However, Mastercard is also accepted for transactions on Costco.com. Here is a review of some of the best Visa cards to use at Costco and a Mastercard option for online shopping.
The Costco Anywhere Visa Card by Citi stands out as a top choice with no annual fee for those with a paid Costco membership. According to The Points Guy, it offers cash back at varying rates: 5% on gas purchased at Costco locations, 4% on other eligible gas and EV charging purchases (up to $7,000 per year), 3% on restaurant and travel purchases worldwide, 2% on all other Costco and Costco.com purchases, and 1% on everything else. "The sweet spot for this card is gas purchases," although there is no welcome bonus offered.
For everyday spending without bonus categories specific to warehouse clubs like Costco, the Chase Freedom Unlimited card provides 1.5% cash back with no cap. "Among all the Visa cards, none is better in this category than the Chase Freedom Unlimited," notes The Points Guy. If paired with another Ultimate Rewards-earning card such as the Chase Sapphire Preferred Card or Chase Sapphire Reserve, rewards can be redeemed as Ultimate Rewards points.
