Costco New Visa Credit Card from Citibank

Citi Costco Visa



New Costco Credit Card on June 20

Costco is changing its long payment relationship with American Express to Visa, effective June 20, 2016.  If you are a Costco member with American Express in the past, you do not need to do anything.  Between end of May and early June, Costco members will receive a new Visa card from Citigroup.  I already have friends received their new card. 

Current holders of American Express co-branded card do not have to do anything in order to receive the new Visa card from Citigroup.  You just require to confirm and activate the new card before you use it.

NO Need to Re-Applying for a New Visa Card from Citigroup

This process is automatic and do not require re-applying for a new credit card and do not need to pull another credit report.  If you do have automatic payment setup on your Costco American Express card, you need to re-establish the automatic payment on your new Citibank Visa card.

Your American Express account will be closed automatically on June 19, 2016.  Any balance on your American Express card will transfer to the new Visa card on June 20, 2016, along with the earned cash back rewards.

New Benefits on Costco Citibank Visa

The new Costco Citibank Visa gives more benefits than the old Costco American Express card:

  • 4% cash back on eligible gas worldwide, including gas at Costco, for the first $7000 per year and then 1% thereafter
  • 3% cash back on restaurant and eligible travel purchases
  • 2% cash back on all other purchases from Costco and
  • 1% cash back on all other purchases

The new Visa card also comes with some additional benefits:

  • Access to Citi Private Pass
  • Extended manufacturer’s warranties on purchases
  • Damage and theft protection
  • Worldwide car rental insurance




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