Quick Answer: What Is The Interest Rate On A Costco Credit Card?

Does the Costco credit card include membership?

The Citi Costco Anywhere Visa card has no annual fee, but to apply, you must be a Costco member.

A basic membership is $60 a year (plus tax).

The cash back on the card comes in the form of an annual certificate included in February billing statements.

It can be redeemed for cash or merchandise at Costco stores..

Which Costco membership is the best?

There are two types of Costco memberships:Standard: Costco’s base membership tier, called Gold Star, is $60 annually.Executive: The Gold Star Executive membership is $120 a year. Executive members get an annual 2% reward (up to $1,000) on qualifying Costco, Costco.com, and Costco Travel purchases.

What is an excellent credit score?

For a score with a range between 300-850, a credit score of 700 or above is generally considered good. A score of 800 or above on the same range is considered to be excellent. Most credit scores fall between 600 and 750.

Can I use my mom’s Costco card without her?

Legally, no. The cards are not transferable. If your parents generally shop together, they can transfer the free card to you. Alternatively, they can buy Costco gift cards to give you, since you don’t need to be a member to use them.

Can you get a discount on Costco membership?

You can sometimes get a membership at a discount Occasionally, Costco memberships can be found at a discount or with a bonus for new members, in the form of a gift card. … And occasionally there are even special deals offered for teachers, where they can get a coupon booklet with the purchase of a new membership.

Is the Costco credit card hard to get?

Yes, the Costco credit card is worth it because it gives 1 – 4% Cash Back in rewards on purchases, you can use it anywhere Visa is accepted, and there’s a $0 annual fee. So it’s pretty much a must-have for Costco members, if you can get it. You need excellent credit (a score of 750+) to qualify. That’s the short story.

What is the lowest interest rate on a credit card?

Compare the best low APR credit cards of 2020Credit CardBest For:Regular APRCiti® Double Cash CardCash back13.99% – 23.99% (Variable)Wells Fargo Platinum cardGood credit15.49% – 24.99%Citi® Diamond Preferred® CardBalance transfers14.74% – 24.74%Blue Cash Preferred® Card from American ExpressU.S. supermarkets5 more rows•Jun 18, 2020

What is a good interest rate for a first credit card?

Average Credit Card Interest Rate by CategoryCategoryAverage Interest RateRecent LowFair Credit23.43%17.91% (2010)Store Cards25.44%22.21% (2011)Secured Cards18.20%17.07% (2010)Student Cards16.23%15.81% (2012)5 more rows•Jan 7, 2020

Does Costco credit card have an annual fee?

Annual fee: $0 for the card, but you have to be a Costco member. Memberships start at $60 per year. Rewards: 4% cash back on gas purchases (both at Costco and other gas stations) on up to $7,000 of spending a year, then 1% back.

How can I get free Costco membership?

17 Ways to Get a Costco Membership for FreeOffset the Membership Cost. Buy Kirkland brand. Buy Tires. … Find a Membership Deal. Create Your Own Test Trial. Check out Groupon and Living Social. … Make Purchases Without a Membership. Buy Alcohol. Buy Prescriptions. … Skip the Membership and Keep the Savings.Final Thoughts.

How can I build my credit fast?

Here are some of the fastest ways to increase your credit score:Clean up your credit report. … Pay down your balance. … Pay twice a month. … Increase your credit limit. … Open a new account. … Negotiate outstanding balances. … Become an authorized user. … How to find cheaper car insurance in minutes.

What is a high interest rate for a credit card?

Average Credit Card Interest Rate by CategoryCategoryAverage Interest RateRecent HighFair Credit23.63%23.43% (Q4 2019)Store Cards24.89%25.81% (Q2 2019)Secured Cards17.46%19.49% (2016)Student Cards16.04%17.81% (2018)5 more rows•Apr 6, 2020

Can you get a 1 day pass for Costco?

You can get inside the store with them, but they will have to pay for all the purchases you make. You can pay them back for your purchases once you leave the store. So while Costco doesn’t have an official one-day guest pass program, there are ways to shop at their warehouses without paying $60 for a membership.

Is the Costco credit card a good deal?

The Costco Anywhere Visa’s 2 percent cash back rate for Costco purchases is pretty good for a (technically) no annual fee card. … The Citi Double Cash card offers up to 2 cents back for every dollar that you spend — 1 cent when you make a purchase and another 1 cent when you pay your bill on time — including at Costco.