How a new credit card can fight inflation

The Costco Anywhere Visa® Card by Citi* has no annual fee but requires a $65 Costco membership to carry. It offers:

• 5 percent cash back on Costco gas, plus 4 percent cash back on eligible gas and EV charging purchases (for the first $7,000 per year, then 1 percent)
• 3 percent cash back at restaurants and on eligible travel purchases
• 2 percent cash back on all Costco and Costco.com purchases
• 1 percent cash back on everything else

This card is ideal for die-hard Costco customers only because redeeming rewards is pretty strict. You’ll receive your rewards as a single credit card reward certificate that must be used in-store only. This certificate can be redeemed once a year after your February billing statement. If you frequent Costco enough, this card might still be worth it.

If you’re into wholesale clubs but are more of a Sam’s Club fan, for example, the Sam’s Club® Mastercard®* might be worth considering as it offers a similar rewards structure and redemption options.