Costco Business Credit Card Review 2024

Is it the best credit card for your startup?

Smiling business person pointing at 4 stars and the words, Costco business credit card.

Are you a Costco member? Does your business frequently purchase inventory, office supplies, or other items from Costco? Do you fuel up business vehicles at Costco locations or use Costco electric chargers? Answering yes to any of these questions means that your company may significantly benefit from a Costco business credit card, especially with the large cash back rewards offered to cardholders.

This review takes a deep dive into the Costco Business Credit Card in the next few sections, covering details such as eligibility requirements, pros and cons, fees and features, and whether or not this is the right credit card choice for you.

Recommended: Apply now for a Costco Business Credit Card.

Costco Business Credit Card Eligibility Requirements

Unlike most credit cards, becoming eligible for the Costco Business Credit Card from Citi requires you to have a Costco membership. Once you’re a Costco member, you’ll need to ensure that you have an excellent FICO credit score and that you have all of the required documentation you’ll need to open up a credit card in your company’s name:

  • FICO credit score ranging from 720–850 (i.e., excellent credit)
  • Proof of business registration documentation
  • Costco membership

Once these requirements have been met, you can submit your application and begin using your card. 

The Costco Business Credit Card has excellent cash back rewards when compared to other cards available on the market. If you frequently find yourself purchasing business equipment or inventory from Costco, a warehouse store, then this is a great card to consider having in your arsenal moving forward.

Pros and Cons of Costco Business Credit Card

Pros of Costco Business Credit Card

  • 4% cash back on gas and electric vehicle charging with Costco
  • Simple cash back rewards redemption process
  • Citi entertainment and Citi concierge benefits
  • $0 annual fees
  • No foreign transaction fees
  • Purchase protection and early fraud detection

Cons of Costco Business Credit Card

  • Requires an active Costco membership to apply and qualify
  • Has a cap on gasoline rewards
  • No welcome bonus included
  • If you cancel your Costco membership, your credit card will be canceled, and you’ll lose accrued rewards

Should You Apply for a Costco Business Credit Card?

We recommend the Costco Business Credit Card for its cash back benefits and $0 annual fees. 

Apply Now

Costco Business Credit Card Fees and Features

Let’s take a look at the features and fees of the Costco Business Credit Card and how they can impact your decision to obtain this card for you and your employees. It’s unquestionable that the cash back benefits the Costco Business card offers are nearly unmatched, especially if you frequently shop in the Costco ecosystem, whether that be inventory for your business, office supplies, or gasoline. 

The fact that this credit card has no annual fee is another bonus, and no foreign transaction fees make it a great option for anyone who travels internationally for business purposes. Let’s dive into this card’s fees and features.

Rewards and Benefits

  • 4% cash back on eligible gas and electric vehicle charging purchases with Costco
  • 3% cash back on eligible travel purchases and restaurants
  • 2% cash back for purchases at Costco and
  • 1% cash back on all other purchases
  • No foreign transaction fees
  • $0 annual fee
  • Early fraud warning detection and purchase protection
  • Citi entertainment and Citi concierge benefits

Interest Rates

  • Purchase APR: 18.24% variable
  • Cash Advance APR: 28.24% variable


  • Cash Advance Fee: 5% of the amount or $10 (whichever is greater)
  • Late Payment Fee: $41
  • Returned Payment Fee: $41
  • No annual fee

Choosing the right card for your business can be a daunting decision, but after looking at the rewards, benefits, interest rates, and fees — and weighing them against one another — the potential for cash back, no foreign transaction fees, and premium Visa benefits greatly outweighs the negatives. If your business doesn’t carry a large balance and doesn't make late payments, you should have no problems maximizing the rewards of this card.

How Does the Costco Business Credit Card Compare?

The Costco Business Credit card can be an excellent choice for businesses and startups, especially if your company frequently makes purchases at Costco locations for inventory, products, office amenities, or other business purposes. 

We’ve compared and contrasted the Costco Business Credit Card against the Amazon Business Prime American Express Credit Card, primarily due to the fact that both of these cards offer extended benefits within their respective ecosystems. 

The Costco Business Card is great for businesses that frequently utilize Costco, while the Amazon Prime Business Card is the perfect fit for any company that utilizes Amazon Web Services (AWS), purchases goods on, and even for transactions in Whole Foods locations.

Costco Business Credit Card

$0 Annual Fee

Get 4% cash back on EV charging and eligible gas at Costco worldwide, 3% cash back on restaurants and travel, 2% on Costco purchases, and 1% for all other transactions.

Best for: Businesses and startups who make frequent purchases at Costco and want convenience, protection, and premium credit card benefits. 

Amazon Business Prime American Express Card

$0 Annual Fee

Get a $125 Amazon gift card as a welcome offer and 5% back on select Amazon Business,, Whole Foods, and AWS purchases. 

Best for: Businesses and startups who make frequent purchases with Amazon or within the Amazon ecosystem, including AWS, Amazon Business, and even Whole Foods Market.

Final Thoughts on Costco Business Credit Card

To summarize the benefits of the Costco Business Credit Card for startup founders and entrepreneurs, we can confidently say that anyone who frequently purchases inventory, office supplies, gasoline, or other products from Costco warehouse stores will maximize their credit card benefits. 

The cash back rates available with this card are unmatched by most other cash back cards available to business owners today. The opposite also holds true for businesses that don’t frequently shop at Costco; if you currently fall into this category, it may be worth looking into more broad-based rewards business cards that’ll allow you to maximize your benefits year-round without having to worry about making a certain amount of purchase at Costco locations. 

All in all, the Costco Business Credit Card is an excellent option for business owners who want to maximize their cash back rewards and have the ability to take advantage of premium Visa benefits in the process.

Frequently Asked Questions

How do I sign up for a Costco Business Visa credit card?

To sign up for the Costco Business Visa Credit Card, you’ll first need to ensure that you are currently an active Costco member and that you meet the eligibility requirements for this card. Once this has been verified, you can apply on the Costco Business Center or through the Citi website. 

Are Costco business cards worth it?

Costco business credit cards are well worth it if your business frequently shops at Costco locations for inventory, products, office supplies, office amenities, gasoline, fuel, or other products available at Costco locations. To maximize rewards with the Costco Business Credit Card and make it worthwhile, you’ll need to use it at Costco frequently.

What are the benefits of a Costco Business credit card?

Some of the benefits provided by the Costco Business Credit Card include 4% cash back on electric vehicle charging and gas purchases from Costco, 3% cash back on eligible travel and restaurants, 2% cash back on all purchases from Costco, and 1% cash back on all other transactions. You’ll also receive premium Visa credit card benefits from being an owner of this card. 

About the Author

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TRUiC’s team of researchers, writers, and editors dedicate hours to ensure’s articles are actionable and accessible for both startup founders and startup enthusiasts. From launching a startup to growing your venture, you can trust that our information is an up-to-date and reliable source.

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