Citi Double Cash Card vs Costco Anywhere Visa Card: Which One is Right for You?
The Citi Double Cash Card and the Costco Anywhere Visa Card are two popular cashback credit cards that offer rewards for purchases made. The Citi Double Cash Card offers a simple flat-rate rewards structure, earning 2% cashback on every purchase, while the Costco Anywhere Visa Card offers more specific rewards for certain categories.
Key Highlights
- The Citi Double Cash Card has no annual fee and offers a 0% intro APR for 18 months on balance transfers, while the Costco Anywhere Visa Card requires a paid Costco membership and has a foreign transaction fee.
- The Citi Double Cash Card offers a more straightforward rewards structure, earning 2% cashback on every purchase, while the Costco Anywhere Visa Card has more restrictive rewards categories, including 4% cashback on gas/EV charging, 3% cashback on restaurants and travel, and 2% cashback on Costco purchases.
- The Citi Double Cash Card has a higher redemption value, with no minimum redemption amount, while the Costco Anywhere Visa Card has a one-time lump sum redemption of cash or merchandise.
Choosing the Right Card for You
The Citi Double Cash Card is a good choice for those who want a simple rewards structure and high redemption value. The Costco Anywhere Visa Card is better suited for those who spend a lot on travel and gas/EV charging, and who shop regularly at Costco. Ultimately, the choice between the two cards depends on your spending habits and needs.
Conclusion
Both the Citi Double Cash Card and the Costco Anywhere Visa Card are excellent options for cashback rewards. However, they cater to different spending habits and preferences. The Citi Double Cash Card offers a simple flat-rate rewards structure and high redemption value, while the Costco Anywhere Visa Card has more restrictive rewards categories but higher rewards rates in certain areas.