topic Re: Costco visa in Credit Cards

Costco visa

Anonymous — Thu, 13 Dec 2018 23:53:55 GMT

Was wondering if I need an executive membership to get the credit card or would the basic membership be fine?

Thinking about doing a PC to it. I called the citi rep and was told I could PC but she didn’t know if I needed the executive membership. She just said “probably.”

Re: Costco visa

wasCB14 — Fri, 14 Dec 2018 00:16:28 GMT

@Anonymous wrote:
Was wondering if I need an executive membership to get the credit card or would the basic membership be fine?

Thinking about doing a PC to it. I called the citi rep and was told I could PC but she didn’t know if I needed the executive membership. She just said “probably.”

A Gold Star membership is sufficient for the CC.

That said, it doesn't take much Costco spend to justify the additional $60 for an Executive membership.

Re: Costco visa

SomewhereIn505 — Fri, 14 Dec 2018 01:07:58 GMT

@wasCB14 wrote:
@Anonymous wrote:
Was wondering if I need an executive membership to get the credit card or would the basic membership be fine?

Thinking about doing a PC to it. I called the citi rep and was told I could PC but she didn’t know if I needed the executive membership. She just said “probably.”
A Gold Star membership is sufficient for the CC.

That said, it doesn't take much Costco spend to justify the additional $60 for an Executive membership.

You can also ask the executive membership be refunded if your not satisfied with it.

Re: Costco visa

Anonymous — Fri, 14 Dec 2018 01:53:22 GMT

@wasCB14 wrote:
@Anonymous wrote:
Was wondering if I need an executive membership to get the credit card or would the basic membership be fine?

Thinking about doing a PC to it. I called the citi rep and was told I could PC but she didn’t know if I needed the executive membership. She just said “probably.”
A Gold Star membership is sufficient for the CC.

That said, it doesn't take much Costco spend to justify the additional $60 for an Executive membership.

It takes exactly $250/month in Costco spend to break even on an executive membership. For every $100 per month you spend above that amount you will earn $2.

The catch is you get it as a voucher that can be spent at Costco, which effectively means you're going to be renewing your Costco membership so that you can spend the voucher. This can be a real pain. When I moved from Canada to the US I wound up with a Costco Canada voucher that I couldn't spend at a US Costco. It took me nearly a year to find a way to get to a Canadian Costco and buy something.

If you think you might switch from Costco to Sam's Club or possibly stop shopping at warehouse stores (or move to another country!) then that lock-in might be a deterrent.

Re: Costco visa

imaximous — Fri, 14 Dec 2018 01:57:45 GMT

@Anonymous wrote:
@wasCB14 wrote:
@Anonymous wrote:
Was wondering if I need an executive membership to get the credit card or would the basic membership be fine?

Thinking about doing a PC to it. I called the citi rep and was told I could PC but she didn’t know if I needed the executive membership. She just said “probably.”
A Gold Star membership is sufficient for the CC.

That said, it doesn't take much Costco spend to justify the additional $60 for an Executive membership.
It takes exactly $250/month in Costco spend to break even on an executive membership. For every $100 per month you spend above that amount you will earn $2.

The catch is you get it as a voucher that can be spent at Costco, which effectively means you're going to be renewing your Costco membership so that you can spend the voucher. This can be a real pain. When I moved from Canada to the US I wound up with a Costco Canada voucher that I couldn't spend at a US Costco. It took me nearly a year to find a way to get to a Canadian Costco and buy something.

If you think you might switch from Costco to Sam's Club or possibly stop shopping at warehouse stores (or move to another country!) then that lock-in might be a deterrent.

That’s not 100% accurate. You do get a voucher but you don’t have to spend it at Costco. You can go to a register and cash it out. Take the money and use it however you want.

Re: Costco visa

Anonymous — Fri, 14 Dec 2018 03:04:28 GMT

You should always cash it out anyway and put new purchase on a card so you can earn more rewards on the new purchases, never use voucher to pay for new purchases.

Re: Costco visa

Manonfire — Fri, 14 Dec 2018 03:13:40 GMT

I have a basic gold membership and the back of my card Costco visa is grey in color. I noticed my dads business costa visa is black on the back of the card. Is the executive membership costco visa also black on the back of the card?

Re: Costco visa

imaximous — Fri, 14 Dec 2018 03:18:03 GMT

@Manonfire wrote:
I have a basic gold membership and the back of my card Costco visa is grey in color. I noticed my dads business costa visa is black on the back of the card. Is the executive membership costco visa also black on the back of the card?

I have both versions of the exec (personal and business), and the back of the cards is black.

Re: Costco visa

staticvoidmain — Fri, 14 Dec 2018 08:23:51 GMT

Gold membership is fine.

Apply in warehouse. You might get a $60 cash card if you apply executive and citi Visa at the same time. Ask when you are applying. This depends on warehouse. Essentially, it's like getting executive for one year free. You can then downgrade if you think executive is not worth it to you.

Re: Costco visa

SomewhereIn505 — Fri, 14 Dec 2018 12:04:24 GMT

@Manonfire wrote:
I have a basic gold membership and the back of my card Costco visa is grey in color. I noticed my dads business costa visa is black on the back of the card. Is the executive membership costco visa also black on the back of the card?

Mine is gray but I have the executive membership

Re: Costco visa

staticvoidmain — Fri, 14 Dec 2018 16:32:10 GMT

@SomewhereIn505 wrote:Mine is gray but I have the executive membership

Does it say "Executive" at the back? I have had multiple card replacements just this year. I went from Executive (Black), to Gold (Gray — definitely noticed this one), back to Executive (Black).

Re: Costco visa

wasCB14 — Fri, 14 Dec 2018 18:52:24 GMT

Yes, "Executive" appears to the right of the bar code on the back.

Since Costco doesn't accept my Centurion anymore, I can use this black card to be boss when getting my $1.50 hot dog and soda.

Re: Costco visa

CreditInspired — Sat, 15 Dec 2018 12:35:17 GMT

+1 @imaximous

I was getting ready to type the exact same thing.

I cash my voucher every year.

Re: Costco visa

Pikaboo-icu — Sat, 15 Dec 2018 20:31:03 GMT

@imaximous wrote:
That’s not 100% accurate. You do get a voucher but you don’t have to spend it at Costco. You can go to a register and cash it out. Take the money and use it however you want.

This is something I didn't know- Thank you.

I've always just used it when paying for stuff at the register.

I upgraded to Exec membership and had a regular card- I was too lazy to wait in line & get a new one lol.

That said: I have NO card now- I only use my Citi Costco card for membership because:

Dopey Story; I always put my card on the belt, in the divider(flipped upside down).

Well last year, there was no divider, set on the card on the belt, the belt started to run, slid the card back and it dropped under the edge.

There is a place where items collect but it takes a screwdriver to get to it so....

Clerk said; get a new card.. I still haven't..

Re: Costco visa

imaximous — Sun, 16 Dec 2018 16:37:04 GMT

@Pikaboo-icu wrote:
@imaximous wrote:
That’s not 100% accurate. You do get a voucher but you don’t have to spend it at Costco. You can go to a register and cash it out. Take the money and use it however you want.
This is something I didn't know- Thank you.
I've always just used it when paying for stuff at the register.

No prob. Every time I go to Costo, and I go frequently (2-3 times a week), I see people using their rewards check at the register to pay for their purchases. I feel like telling them not to do that, and explain why, but I know someone's bound to tell me to mind my own business...

@Pikaboo-icu wrote:

I upgraded to Exec membership and had a regular card- I was too lazy to wait in line & get a new one lol.
That said: I have NO card now- I only use my Citi Costco card for membership because:
Dopey Story; I always put my card on the belt, in the divider(flipped upside down).
Well last year, there was no divider, set on the card on the belt, the belt started to run, slid the card back and it dropped under the edge.
There is a place where items collect but it takes a screwdriver to get to it so....
Clerk said; get a new card.. I still haven't..

ha! I tried to get a copy of my exec card from the membership desk, but they told me I can't have one because my membership is on the back of my Citi card. They told me they give those out if you don't have the Citi card. I don't know if that's a policy or the employee didn't feel like printing one for me. I can see why they wouldn't, so you're not sharing the extra membership card with someone else aside from the additional household member, which is already my DW. People would be more willing to share the plain membership card than their credit card with credentials on the back, I suppose.

Re: Costco visa

Anonymous — Sun, 27 Jan 2019 00:11:31 GMT

I was prequalified for two Citibank credit cards:
-Costco Anywhere Visa
-Simplicity

I chose Costco Anywhere Visa and was approved.

Question:
Can I use this hard inquiry to also apply for the other Citibank Simplicity, which I was also pre approved for, before 30 days pass since the hard inquiry for the first Costco Anywhere Visa that I was approved for?

Or with this second credit application be a separate hard inquiry, although I’d submit it in the 30 day period the first one was approved?

Thanks!!!

Re: Costco visa

Andypanda — Sun, 27 Jan 2019 01:22:37 GMT

@imaximous wrote:
@Pikaboo-icu wrote:
@imaximous wrote:
That’s not 100% accurate. You do get a voucher but you don’t have to spend it at Costco. You can go to a register and cash it out. Take the money and use it however you want.
This is something I didn't know- Thank you.
I've always just used it when paying for stuff at the register.

No prob. Every time I go to Costo, and I go frequently (2-3 times a week), I see people using their rewards check at the register to pay for their purchases. I feel like telling them not to do that, and explain why, but I know someone's bound to tell me to mind my own business...

@Pikaboo-icu wrote:

I upgraded to Exec membership and had a regular card- I was too lazy to wait in line & get a new one lol.
That said: I have NO card now- I only use my Citi Costco card for membership because:
Dopey Story; I always put my card on the belt, in the divider(flipped upside down).
Well last year, there was no divider, set on the card on the belt, the belt started to run, slid the card back and it dropped under the edge.
There is a place where items collect but it takes a screwdriver to get to it so....
Clerk said; get a new card.. I still haven't..

ha! I tried to get a copy of my exec card from the membership desk, but they told me I can't have one because my membership is on the back of my Citi card. They told me they give those out if you don't have the Citi card. I don't know if that's a policy or the employee didn't feel like printing one for me. I can see why they wouldn't, so you're not sharing the extra membership card with someone else aside from the additional household member, which is already my DW. People would be more willing to share the plain membership card than their credit card with credentials on the back, I suppose.

Sounds like Employee being lazy. I have my membership card replaced and have the costco visa. Now that Costco has contactless pay, I do not like pulling my credit card out of my wallet to prevent CC fraud ( I might just might be paranoid, but it dosn't hert.)