Introduction
Shopping is an ingrained act that every human is capable of—in fact, essential for survival. The world economy revolves around buying and selling goods and services—hence everyone must do shopping.
Shopping has become modernised, and using technology is the more intelligent mode of shopping. Here, a credit card has never made life easier for shoppers. At the current stage of human technology, with the rectangular plastic card known as a credit card, you can shop virtually anywhere, even in your comfort zone.
The Costco credit card makes shopping easier and faster with more added advantages for the members of the wholesale clubs.
What is or who is Costco?
Costco®, officially known as Costco Wholesale Corporation, is an American company that operates discount stores (retail stores that sell products and services at lower prices than traditional outlets) known as Wholesale Clubs or Warehouse Clubs. It sells large quantities of merchandise at highly discounted prices to club members who pay membership fees annually. The company is headquartered in Issaquah, Washington.
The company was founded in 1983; it trades in supermarket items and other merchandise, and luxurious goods. Most Costco stores also have ancillary businesses, including gas stations and pharmaceutical stores.
Costco has more than 800 stores worldwide: more than five hundred in the United States and Puerto Rico alone. Other countries it has stores include China, Japan, Canada, and Mexico. Kirkland and Costco Travel are also its subsidiaries.
More about Costco®
Costco’s popularity: Costco is very popular, especially in the United States. It offers members an exclusive shopping experience. You can buy in bulk anything you want to live a comfortable life.
The idea behind Costco: Costco was founded on the ideology of helping customers manage spending. The name ‘Costco’ was shortened from ‘Cost Company’. It helps to bring down costs extremely low for customers.
Bulk purchase: Costco sells in bulk, so customers can only buy goods in bulk.
You can’t shop for free: You can’t walk into any of Costco’s stores like any other supermarket and just buy products. You need a membership pass to make your purchase. On the brighter side, many passes exist that you can take advantage of to make a purchase. Example: guest pass, trial membership pass, trial pass, etc.
Joining Costco, is it worth it?
For a family person with more individuals, yes, it is worth becoming a member because bulk buying is largely discounted. However, for a lone person or a group of two, buying in bulk might not be worth joining Costco.
Costco Credit Card
Getting and using a Costco credit card is relatively easy, as long as you are of the legal age (18), you can apply. To apply for it, you have to apply for membership first.
Costco membership: There are two types of membership: Business membership and personal membership.
| Personal Membership | Business Membership | ||
| Executive: | Gold Star | Business Executive | Business (Everyday Value) |
| Cost $120 per year. | Cost $60 per year | Cost $120 per year. | Cost $60 per year |
| 2% annual reward | X | 2% annual reward | x |
| Discount on servicers | x | Additional benefits of Costco services and discounts | x |
| Shop online at Costco.com and in warehouses | Shop online at Costco.com and in warehouses | Shop online at Costco.com and in warehouses | Shop online at Costco.com and in warehouses |
| Two membership cards: one for you and one for someone living with you | Two membership cards: one for you and one for someone living | Can buy items and resell them for profit | Can buy items and resell them for profit |
| free cancellation and refund | Free cancellation and refund | Two membership cards: one for you and one for someone living | Two membership cards: one for you and one for someone living |
| Can add affiliates for an additional $60 per person | Can add affiliates for an additional $60 per person | ||
| Free cancellation and refund | Free cancellation and refund | ||
Costco credit card
The Costco credit card is a Visa® card issued by Citigroup. It is acceptable worldwide, anywhere a Visa® card is acceptable. Costco runs two types of credit cards issued by Citi: Costco Anywhere Visa® Card and Costco Anywhere Visa® Business Card.
- Costco Anywhere Visa® Business Card: You will earn Costco Cash Rewards if you purchase with your Card Account; howbeit, the returns you make and refunds you get will be minus from this cash reward. You will get 4% cash back on a gas purchase at eligible stations worldwide. 3% cash back on restaurant food purchases at eligible restaurants worldwide. 2% cash back on every other purchase from Costco and on Costco.com. Finally, 1 % cash back on all other purchases at non-eligible stores.
- Costco Anywhere Visa® Card: Every privilege you will find in the Business card, you will also get on this card.
Facts about the credit card
- The credit card doubles as your membership identity.
- No charges for using the card locally and internationally.
- No yearly fee as long as you are a paid Costco member.
Conclusion
The Costco credit card is a Vista® card issued by Citi that can be used to make discounted purchases. The card is accepted anywhere in the world where the Vista® credit card is accepted. In addition, there is a cash award (4%, 3%, 2% & 1%) for every purchase made with the Card. The rewards can be redeemed in cash at Costco counters and in merchandise.
FAQ
- Is Costco’s credit card generally accepted worldwide?
Ans. Anywhere in the world Visa card is accepted, you will be able to use the Costco credit card.
- Is it profitable to join Costco membership?
Ans: Probably yes, that’s if you don’t mind buying in bulk.
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