Interested in a comprehensive Cost credit card review? Responsible Economy presents an in-depth exploration of its key attributes, including cashback rewards, interest rates, bonuses, and all the essential details you’re looking for. Additionally, we offer a side-by-side comparison of the finest credit card options available for application within the United States. Feel free to explore and make an informed choice. Welcome aboard!
Explicative video
We’ve produced a detailed video that thoroughly covers the features of the Costco credit card. If you find the content valuable, we invite you to subscribe to our channel and show your support. Your subscription means a lot to us!
Features
In this section we show you one by one all the characteristics of the Cost credit card:
Cashback
As you can see, if you make regular purchases at Costco, this card can be very useful for saving money on each purchase.
Fees
Costco credit card 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%.
Summary table
We have created a summary table with all features:
| Aspect | Details |
|---|---|
| Cashback | Discounts based on purchase types: |
| – 4% on eligible gas and EV charging (up to $7,000 spend per year, then 1% thereafter) | |
| – 3% on restaurants and eligible travel | |
| – 2% on purchases from Costco and Costco.com | |
| – 1% on all other purchases | |
| Fees | No annual maintenance fees for the Costco credit card, but Costco membership requires annual fees. |
| Interest Rate | No interest if purchases are paid at the end of the month. Deferred payments carry interest based on terms. |
Comparison with the best credit cards
We’ve created a comprehensive comparison between the Costco credit card and the top credit cards available for enrollment 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
- Fees: $0
- Cashback: up to 4%
- Welcome bonus: $0
- Credit Score: 690-850
- Fees: $0
- Cashback: up to 5%
- Welcome bonus: $0
- Credit Score: 690-850
- Fees: $0
- Cashback: up to 3%
- Welcome bonus: $0
- Credit Score: 690-850
Video with the best credit cards
Presenting a full-fledged video showcasing the premier credit cards in the United States:
Pros and cons
Having thoroughly examined the features of the Costco credit card and conducted a comprehensive comparison with the finest credit cards, we’ve compiled a table outlining the pros and cons for your convenience:
| 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
Following our comprehensive analysis, we’ve reached a compelling conclusion: the Costco credit card stands as an excellent choice for individuals who frequently shop at this establishment. With its fee-free structure and remarkable discounts of up to 4%, this credit card offers significant advantages to Costco patrons. By leveraging these benefits, cardholders can enjoy substantial savings and a seamless shopping experience.
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 1 September, 2023 by Alfredo Barandiarán
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