Is the Costco credit card worth it?

Card Recommendation Request Forum
1

Hi guys,

Current Cards: Chase Sapphire Preferred, $30,000 limit, opened in 2017

FICO Score: 780

Oldest Account Age: 7 years

Chase 5/24 Status: 0/24

Household Income: $144,000

Average Monthly Spend and Categories:

  • Spending patterns are changing significantly due to upcoming marriage, move, and new job.
  • Currently purchasing many items at Costco for the wedding and move.
  • Planning to upgrade to Costco Executive membership.

Open to Business Cards: No

Purpose of Next Card: Cashback

Cards Being Considered: Costco Citi

Preference: Favorable fuel rewards (high gas costs and fuel consumption), but open to general spending cards.

1 Like
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If you spend a lot on gas, dining, and travel, the card’s rewards structure could benefit you. However, if you value other credit card perks like extended warranties or purchase protection, this card might not be the best choice.

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3

The card is with me. I think it’s a mediocre opinion. This card isn’t awful. I think it would be better for most individuals to switch to a 2% flat cashback card. Citi significantly reduced the card’s value by reducing its perks. If I hadn’t gotten the card before the benefit cuts, I most likely wouldn’t have it now.

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4

The Costco credit card can be worth it if you frequently shop at Costco, as it offers cash back on purchases. Benefits include high rewards rates on Costco purchases and gas.