Quick Answer: Is Costco Credit Card Worth It Reddit?

What FICO score does Citi use?

Your FICO® Score is calculated based on data from Equifax using the FICO® Bankcard Score 8 model and is the same score we use, among other information, to manage your account.

This model has a FICO® Score range from 250 through 900..

What is the minimum credit score for a Citi card?

You need a good credit score for a Citi credit card in most cases. So you’ll have a shot with a credit score of 660+, and your odds will be good with 700+. But it really depends on which card you’re after. Some Citi credit cards require higher scores, and one has no minimum score at all.

Why does Costco not accept Mastercard?

Because they have an exclusive deal with Citi Bank to issue Costco Visa cards at a very low fee Because it is VISA they are required to accept all Visa cards. Every time a customer makes a purchase with a credit card the merchant pays a percentage of the total charge to the card issuer.

Is Costco worth it for single person?

And if you buy enough, the savings can outweigh the $60 to $120 annual membership fee. But if you have a household of one, paying a membership fee to buy large quantities of things might not make sense. However, even a single person can save money by shopping at Costco.

Is the Costco Mastercard worth it?

Is the Capital One Costco credit card a good deal? The Capital One Platinum Mastercard exclusively for Costco members isn’t a bad deal because it gives you decent rewards for a no fee credit card and doubles as your Costco membership card reducing the clutter in your wallet.

What credit score do you need for Costco Citi?

Costco reports that you’re “more likely to be approved” for their Citi Visa card with a score of 720 or higher. There are reports of users being approved with a score as low as 600.

Does Costco Citi cover trip cancellation?

The Costco Anywhere Visa® Card by Citi will no longer offer Trip Cancellation & Interruption Protection and Citi Price Rewind starting on September 22, 2019, Clark.com has confirmed.

What’s the difference between Costco Gold Star and executive membership?

The Costco Executive Membership is a step up from the Gold Star Membership. It comes with several additional perks, however, the annual fee $120 per year. Like the Gold Star Membership, you can get a second card for free for a spouse or family member (as long as they live at the same address).

Do Executive members get into Costco early?

No, but sometimes location managers will open a little early. Try going to a Costco business center, they open early and cater to C-store and small business owners.

Is Costco Gold Star membership worth it?

The biggest advantage of upgrading to a Gold Star Executive Membership is that you get an annual 2% reward — up to $1,000 — on almost everything you buy from Costco. You get this 2% back in the form of a rewards certificate Costco will mail to you with your annual renewal notice. … Costco Shop Cards (gift cards)

Which Costco membership is the best?

Overall, I only recommend going with the Executive Membership if you are committed to joining Costco and plan on spending more than $250 per month. If you plan on spending less than this, stick with the Gold Star Member plan.

Is there an annual fee for the Costco credit card?

The Citi Costco Anywhere Visa card has no annual fee, but to apply, you must be a Costco member. A basic membership is $60 a year (plus tax). An executive membership is $120 a year (plus tax). The cash back on the card comes in the form of an annual certificate included in February billing statements.

Is it worth getting Costco credit card?

If you’re a regular Costco shopper and don’t mind driving to your local Costco to pick up your annual rewards certificate, then the Costco Anywhere Visa is a great card. But if there’s a chance you’ll cancel your membership within the next few years, it may not be worth the risk of losing all or some of your rewards.

Is the Costco credit card hard to get?

Yes, the Costco credit card is worth it because it gives 1 – 4% Cash Back in rewards on purchases, you can use it anywhere Visa is accepted, and there’s a $0 annual fee. So it’s pretty much a must-have for Costco members, if you can get it. You need excellent credit (a score of 750+) to qualify.

What are the benefits of being an executive member at Costco?

For that fee, executive members get a 2% annual cash back reward on purchases, access to discounted rates on home, auto, life, dental, medical and vision insurance; pre-arranged automobile pricing through the Costco Auto Program; discounted business services like payroll, bookkeeping and payment processing; and even …