Does Costco Citi Card Grant Cash Back?

How satisfying has the Costco Citi card been to you? Others complain of cashback issues, do you have the same challenge too? If yes, we have productive ideas to share on how to get cash back from Costco Citi Card. You will gain from reading this post.

The Costco Citi card is issued by Citi, which is the same institution that issued the Citi credit card and a couple of other cards.

However, the card can only be used anywhere Costco cards are accepted or a Costco visa card is accepted.

But know that Costco Citi card has limited operation area compared to Citi credit card.

How to Get Cash Back from Costco Citi Card Easily

Once your monthly statement and your cash-back will arrive in the mail, you will be notified via mail.

Send your certificate by mail or email and redeem it for cash or store credit at any Costco warehouse in the US or Puerto Rico.

You can also use the Costco Wholesales Citi Visa card to withdraw cash at the ATM from your balance or request a cash advance.

Cash withdrawal or cash advance is easier when you visit a compatible ATM.

How to Collect Cash Advance with Costco Citi Card

To obtain a Citi Costco cash advance, you have two options. You can either withdraw funds from an ATM or visit a local Citibank branch and request a cash advance from the teller.

If you choose the ATM option, ensure you have a 4-digit PIN or contact Citi customer service to create it.

Usually, after your account approval, they set up your card with a PIN to enable transfer.

For cash advance steps at the bank, visit the customer care table to put you through the process.

How Much is Costco Cash Advance Charges?

Card charges vary between banks and cards but for Costco Citi card, cash advance costs $10 or 5% of each advance amount, whichever is higher.

The $5 balance transfer fee is equivalent to 5% of each transfer’s amount, whichever is higher.

There is no yearly cost when purchasing a Costco membership depending on credit approval.

How Can I Use My Costco Cash Back?

Once you get a Costco reward certificate, you can only use it at Costco warehouses according to the reward policy.

Your personal credit card purchases, online transactions, and other Citi credit card advantages are not allowed to be used with the certificate.

You can redeem your reward certificate at any Costco store, which is an option for using your earned rewards.

When Does Costco Issue Cash Back Rewards?

Costco issues cash-back rewards annually as part of its membership rewards program.

At the end of your February billing statement, cashback will be awarded as an annual credit card reward.

This certificate can be redeemed at US Costco Warehouses for cash or goods and at other locations where Visa is accepted.

Is There a Limit on Citi Costco Cash Back?

Costco rewards you for spending that much by using their cards to shop or buying from their stores using other cards.

However, the reward is better for those using a Costco card than using other company or brand cards.

When you spend up to $7,000 a year at Costco or elsewhere, you may earn 4% cash back on gas and EV with the Citi Costco Anywhere Visa Card.

If you reach that cap, that comes back to $280 annually. The rewards rate drops to 1% after spending $7,000.

Along with 3% cash back on dining and travel expenses. The card also earns 2% cash back at Costco and Costco.com, and 1% cash back on all other purchases.

What is the Costco Citi Card’s Highest Credit Limit?

For those with good and excellent credit, large incomes, and low debt, the Citi Costco Anywhere Visa Card offers good credit limits.

Some cardholders enjoy credit limits as high as $11,900, whereas the minimum credit limit is $500.

Using the Citi mobile app is the quickest way to check your Costco Credit Card limit and rewards balance.

Remember that the entire amount of cash back you receive during the year is limited to use in a Costco store the following year.

To find this online, go into your account, log in, and select “View Details”. Info regarding the limits and reward balance is updated there.

Can I Withdraw Cash Back into My Bank Account?

You can withdraw cash back earned from your Costco Citi Card into your bank account.

To withdraw cash back from your Costco Citi Card into your account, you can make a direct deposit, request a check, or redeem it as a statement credit.

You can also transfer to a linked bank account or get gift cards. any of these methods can be of great help.

Finally, the Costco Citi card has a limited operation area compared to the Citi credit card but also offers cash back.