What Is the APR for the Costco Anywhere Visa® Card by Citi?

Key insights:

• The Costco Anywhere Visa^® Card by Citi has a range of APRs
• Different types of transactions can have different APRs, such as purchase and penalty APRs, even for the same credit card
• Your card’s APRs may be based on your credit score and other factors

The Costco Anywhere Visa^® Card by Citi is available to Costco members with an active membership. The card comes with many benefits, like no annual fee¹ and earning Costco Cash Back Rewards anywhere Visa^® is accepted.

There is a range of annual percentage rates (APRs) for Costco Anywhere Visa^® cardmembers.¹ The exact APR you’ll receive if approved is based on credit score and other factors. Here’s what you need to know about what an APR is and how it’s determined.

Types of APR

APR is the yearly amount you’ll pay in interest on transactions.

Financial institutions typically set a range of APRs for each product they offer. This number can vary with the market and is based on their prime rate, or the rate banks charge their most responsible borrowers. APRs can increase or decrease as broader market conditions change.

The type of transaction you make can also influence the APR you are charged.

• Purchase APR: The amount charged on the balance of purchases you carry month to month
• Balance transfer APR: The amount charged on balances you transfer from other credit cards¹
• Cash advance APR: The amount charged on the balance you withdraw from your card as cash¹
• Penalty APR: The amount charged on the balance after a late payment or if a payment is returned¹

Certain transactions, like purchases, may have an interest-free grace period, meaning that you’ll only be charged interest if you don’t pay your due balance in full every month. For other transactions, like cash advances, there may not be a grace period, and you will start accruing interest immediately. The APR on a credit card is often variable, meaning it can change over time.

How is your Costco Anywhere Visa^® Card APR determined?

Several factors may impact the APR you’ll receive if approved for the Costco Anywhere Visa^® Card.

• Payment history: A history of timely payments could help you qualify for a more favorable APR.
• Credit utilization: Credit utilization is the amount of available credit you use compared to your total available credit. Keeping utilization lower may result in a more favorable APR.
• Income: A higher income and lower debt-to-income (DTI) ratio may reflect positively on you as a borrower and potentially result in a lower APR.
• Broader economic conditions: If interest rates go up or down, it could affect your APR.

How to apply for the Costco Anywhere Visa^® Card

To apply, you’ll need your active Costco membership ID and personal and financial information, including your Social Security number (SSN), annual income and monthly rent or mortgage payments.

There are 3 ways to apply for the Costco Anywhere Visa^® Card.

• In-person: Apply at the membership desk of a Costco warehouse
• Online: Apply online and get a response in under a minute
• Over the phone: Call 1-800-259-3052 to apply

If you’re approved for the Costco Anywhere Visa^® Card, you’ll receive the card’s APR upon approval, along with your credit limit.

¹Important Pricing & Information¹Important Pricing & Information

Disclosure: This article is for educational purposes. It is not intended to provide legal, investment, or financial advice and is not a substitute for professional advice. It does not indicate the availability of any Citi product or service. For advice about your specific circumstances, you should consult a qualified professional.