Best Credit Cards For Costco November 2024 – Forbes Advisor – Technologist

There are a variety of cards that can serve you well when shopping at Costco. If you’re struggle to choose the Best Costco card for you, here are a few things to consider:

Earn Rates at Wholesale Clubs

Plenty of cards compete for grocery shoppers by offering high earning rates at grocery stores. But, if you read the fine print, you’ll see that many of those cards specifically exclude warehouses and wholesale clubs like Costco. If you want to maximize your spending at Costco, you’ll want to choose a card that gives a decent return for each dollar you spend. Many earn a flat 1.5% or 2% back, but others like the U.S. Bank Altitude® Reserve Visa Infinite® Card* (no longer accepting applications) can earn up to 3% back if you don’t mind paying with a mobile wallet.

Credit Card Network

Costco only accepts Visa credit cards when shopping in person, which narrows down the options. Make sure you have a Visa card in your wallet when shopping in store, but if you make purchases from Costco.com, you’re free to use Visa or Mastercard.

Annual Fees

If you cringe at paying an annual fee on a credit card after already paying for a Costco membership, don’t worry, we’ve listed several cards with no annual fee like the Bank of America® Customized Cash Rewards credit card for Students and the Wells Fargo Active Cash® Card.

It will take a little effort to use, but the cards with annual fees typically also include benefits and rewards that offset the cost. Take a look at those benefits to make sure you can use them before deciding.

Redemption Options

It helps to have an idea of how you might want to redeem the rewards earned on your card at the outset. Do you value cash back? Some cards give you the option to redeem for cash or a Costco certificate. Other cards broaden the spectrum of redemptions by offering travel rewards and benefits.

Introductory APR

Shopping for items in bulk, big ticket items or for things like new tires at Costco can get expensive. If you plan to make a large purchase but don’t think you can pay it off within the statement period, a card with an introductory 0% APR might be a smart choice. With a 0% APR card you have more time to pay off your balance, and can avoid paying interest for the length of the promotional term.