Do you want to know a complete review of the Cost credit card? From Responsible Economy we show you the main features: cashback, rates, bonuses and everything you need to know. You will also be able to see a comparison of the best credit cards that you can apply for in the United States. Welcome!
Explicative video
We have made a video in which we explain in detail all the features of the Costco credit card. If you like the content, subscribe to support us!
Features
In this section we show you one by one all the characteristics of the Cost credit card:
Cashback
One of the main advantages of this Costco credit card is the discounts on each purchase. We show you a list with the type of discount according to the purchase:
- 4%: discounts on eligible gas and EV charging are 4% up to $7,000 spend per year and 1% thereafter.
- 3%: on restaurants and eligible travel
- 2%: on all other purchases from Costco and Costco.com
- 1%: on all other purchases
As you can see, if you make regular purchases at Costco, this card can be very useful for saving money on each purchase.
Fees
It does not have annual maintenance fees but you must be a Costo membership. Being a Costco membership has annual fees.
Interest rate
If you pay the purchases at the end of the month you will not have to pay any interest. In the event that you pay for purchases in installments, the interest rate is in a range between 19.74% and 29.74%.
Comparison with the best credit cards
We have made a comparison of the Costco credit card with the best credit cards you can contract in 2023:
- Fees: $0
- Cashback: 1,5%-6,5%
- Bonus: up to $300
- Credit Score: 690-850
- Fees: $0
- Cashback: 2%
- Welcome bonus: $200
- Credit Score: 690-850
- Fees: $95
- Cashback: 1x-5x
- Welcome bonus: 60.000 points
- Credit Score: 690-850
- Fees: $0
- Cashback: 1%-10%
- Welcome bonus:$200
- Credit Score: 690-850
- Fees: $95
- Cashback: 2x-5x
- Welcome bonus:75.000 miles
- Credit Score: 690-850
- Fees: $0
- Cashback: 1%-5%
- Welcome bonus: up to $300
- Credit Score: 690-850
- Fees: $0
- Cashback: 1%-5%
- Welcome bonus: $200
- Credit Score: 690-850
- Fees: $0
- Cashback: up to 3%
- Welcome bonus: $200
- Credit Score: 690-850
Video with the best credit cards
Here you have a complete video with the best credit cards in the United States:
Pros and cons
Once we have seen all the features of the Costco credit card and a comparison with the best credit cards, we have made a table with all the advantages and disadvantages:
| Pros | Cons |
|---|---|
| No fees | Low cashback in other establishments |
| Cashback up to 4% | |
In the advantages we have highlighted that it does not have commissions and you can get up to 4% Cashback and in the disadvantages that the discounts in other establishments that are not Costco are low.
Requirements
The requirements to apply for the Costco credit card are the following:
- Must be over 18 years old
- Live in the United States
- Be a membership of Costco
Frequent questions
Here we answer all the questions you may have:
Conclusions and opinions
After the analysis carried out, our conclusion is that the Costco credit card is a very good option for all those who make purchases in this establishment because the credit card has no commissions and you have discounts of up to 4%.
More information about Costco
We have made a table with information of interest about Costco:
| Information | Description |
|---|---|
| Website | https://www.costco.com/ |
| https://www.facebook.com/Costco | |
| https://www.instagram.com/Costco/ | |
| Phone | 1-800-970-3019 |
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Updated the day 10 March, 2023 by Alfredo Barandiarán
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