Costco Anywhere Visa ® Card by Citi Terms & Conditions

This offer is valid for new accounts only. You must be at least 18 years of age (21 years of age in Puerto Rico). If you're married, you may apply for a separate account. The Card offer referenced in this communication is only available to individuals who reside in the United States and its territories. Your eligibility for a particular product and service is subject to a final determination by Citibank. This communication is not, and should not be construed as, an offer to individuals outside of the United States. Citibank, N.A., Sioux Falls, SD, ("Citi," "we" or "us" ) is the issuer of the account. Please allow 4 weeks from date of submission to process your Card Account application.

By submitting this application, you request that Citi establish a Costco Anywhere Visa ® Card by Citi account (the "Card Account") for you and any authorized users you designate. You agree that all information provided in this application must be verifiable and accurate. The Card Account is governed by the terms of the card agreement ("Card Agreement") provided when the Card Account is issued.

Costco Membership

The Card Account is only available if you have a current Costco membership in your name. We may cancel your Card Account and participation in the cash back rewards program if you do not maintain your Costco membership. You must maintain your Costco membership to redeem cash back rewards earned with the Card Account, unless prohibited by law. Each Authorized User must also have a Costco membership in their name.

Auto Bill of Costco Membership Fee

If you are not currently enrolled in auto renewal of your Costco Membership with Costco, you are the Primary Member on your Costco membership, your application is approved, and your card is activated, your Costco membership fee will automatically renew, and be charged to your Costco Anywhere Visa Card annually on the first day of your renewal month until you choose a different form of payment or cancel your Costco membership, and will qualify toward your annual credit card reward certificate. Membership fees will be charged based on your membership level ( $60/yr sixty dollars per year for Gold Star and Business Members, plus a $60/yr sixty dollars per year upgrade fee for Executive Members) and $60/yr sixty dollars per year for each Affiliate Business Member, if any, plus applicable taxes. If you wish to pay your Costco membership fee with a different form of payment or cancel your Costco membership, please visit the Costco Membership Counter or call Costco at 1-800-774-2678, at least 48 hours prior to the first day of your renewal month. Visit Costco.com for more information about Costco's membership terms. Costco membership fees are anticipated to increase by $5 for all membership levels effective September 1, 2024.

Identity Verification

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT - To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. This means that we will ask for your name, address, date of birth, and other information that will allow us to identify you when you open an account. We may also ask to see your driver's license or other identifying documents; and obtain identification information about you or any Authorized User you add to your account.

Authorization for the Social Security Administration to Disclose Your Social Security Number Verification - You authorize the Social Security Administration (SSA) to verify and disclose to Citibank, N.A. through Experian for the purpose of this transaction whether the name, Social Security Number (SSN) and date of birth you have submitted matches information in SSA records. Your consent is for a one-time validation within the next 90 days.

Communications

You agree that we and or our service providers may contact you at any phone number provided, email address, or mailing address. This includes communications to mobile or similar device. We may contact you by live person, auto dialer, recorded or artificial voice, text, or email for servicing, marketing information, or for decision for credit card application.

Credit Reports

You authorize us to get credit reports and other information about you from consumer reporting agencies and other sources, including information about your credit or deposit accounts with other financial institutions. This information may be used for such purposes as: determining whether to issue you a Card Account, administering, reviewing and renewing the Card Account, credit line increases or decreases, collection and other servicing of the Card Account, offering other products and services and for any other uses permitted by law. If you ask us, we'll tell you whether we requested a credit bureau report and the names and addresses of any credit bureaus that provided us with such reports. From time to time, we may report negative information about your Card Account behavior, like delinquencies, to consumer reporting agencies.

Credit Information

To receive a Card Account, you must meet our applicable criteria bearing on creditworthiness and any other of our eligibility criteria, which we determine in our sole discretion.

Your credit limit will be determined based on the following:

• Your annual salary and wages
• Any other annual income
• A review of your debt, including the debt listed on your credit report

We'll inform you of your credit limit when you receive your credit card. Some limits may be as low as $500. Please note that cash advances may be limited to a portion of your credit limit.

Card Agreement

If you are approved for a Card Account, you'll receive a Card Agreement before you can use your Card Account. The terms of the Card Agreement will take effect once you use your Card Account. Even if you do not use your Card Account, the Card Agreement will take effect if you do not cancel your Card Account within 30 days after we send you the Card Agreement. We have the right to make changes to the terms of your Card Account (including rates and fees) in accordance with the Card Agreement and applicable law.

Information Sharing

IMPORTANT NOTICE REGARDING PRIVACY: You understand and agree that by submitting this application you are furnishing all information in this application to Citi and that Citi may use any information collected from you regarding you personally in accordance with Citi's Privacy Policy located online at www.citi.com/privacy. By applying for the Card Account, you agree to allow Costco to send membership information and spending information, such as your annual spending at Costco and various Costco transaction amounts over the past 12 months, to Citi. By completing this application, you also authorize Citi to share with Costco the information you provided to us on the application as well as experiential and transactional information regarding your activity with Citi.

Special Notices

Notice to Ohio Residents: The Ohio laws against discrimination require that all creditors make credit equally available to all creditworthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.

Notice to Wisconsin Residents: No marital property agreement, unilateral statement, or court decree adversely affects our rights, unless you give us a copy of such agreement, statement or court order before we grant you credit, or we have actual knowledge of its terms before your account is opened.

Important Information About Adding An Authorized User

Before adding an Authorized User to your Card Account you should know:

• You're responsible for all charges made or allowed to the Card Account by the Authorized User.
• Authorized Users have access to your Card Account information.
• Before adding an Authorized User, you must let him/her know that we may report Card Account performance to the credit reporting agencies in the Authorized User’s name.

If we ask for information about the Authorized User, you must obtain their permission to share their information with us and for us to share it as allowed by applicable law.

Balance Transfer Information

How to Make Balance Transfers

• After receiving your card, you can call the customer service number on the back of your card (For�TTY: Use 711 or other Relay Service) to transfer balances. Balance transfers are made available at our discretion.
• If we give you the option to transfer a balance with your application, it will take at least 14 days after your Card Account is opened to process any balance transfer payments. During this time, you may cancel or modify your balance transfer request by calling the number on the back of your card (For�TTY: Use 711 or other Relay Service).
• The total amount of your balance transfer plus balance transfer fees must be less than your available credit limit or any other limit we communicate. Be sure you don't transfer any disputed purchase or other charge amount because you may lose your dispute rights. You cannot transfer balances from other accounts issued by Citibank, N.A. or its affiliates. If you are unsure of the issuer on the account, please visit https://www.citi.com/affiliatesproducts for a list of Citi products and affiliates.
• Continue to make payments on your other accounts until you have confirmed this balance transfer has been received. Once approved, we'll pay the amount of the balance transfer directly to that issuer. The available credit limit for your new card will be reduced by the total amount of the transfers, including fees we approve.

Things You Should Know About Your Balance Transfer Offer:

If you transfer a balance with this offer, interest will be charged on purchases made with your Card Account unless your purchases have a 0% APR or you pay the New Balance shown on your statement (including the amount of your balance transfer) in full by the payment due date each billing period. If your New Balance includes a Citi Flex Plan, interest will be charged on purchases unless you pay the Adjusted New Balance shown on your statement, plus any Citi Flex Plan Payment Amount, by the due date each month or those purchases have a 0% APR.

Costco Cash Back Rewards Program Terms

Your Card Account will earn cash back rewards based on your purchases that can be redeemed for merchandise or cash back at any U.S. Costco warehouse, including Puerto Rico.

Earning Cash Back Rewards on Purchases: You'll earn cash back rewards for purchases using your Card Account, minus returns and refunds, as follows:

• 4% cash back on eligible gas and eligible electric vehicle (EV) charging purchases worldwide, including gas and EV charging at Costco, for the first $7,000 per year in gas and/or EV charging purchases, and then 1% thereafter.
  • Certain Non-Qualifying Purchases. You will only earn 1% cash back, not 4%, for gas or EV charging purchased at superstores, supermarkets, convenience stores and warehouse clubs other than Costco or for fuel used for non-automobile purposes.
  • Certain Non-Qualifying Purchases. You will only earn 1%, not 3%, for purchases made at bakeries and certain restaurants/cafes inside department stores, grocery or warehouse clubs. Additionally, you will only earn 1%, not 3%, for purchases made at timeshares, campgrounds, bed & breakfasts and of train and commuter travel.

  What doesn't qualify as a purchase? The following types of transactions don't qualify as purchases that earn cash back rewards:

  • Use of checks that access your Card Account
  • Balance transfers
  • Cash advances
  • Travelers checks, foreign currency purchases, money orders, wire transfers and similar cash-like transactions
  • Lottery tickets, gaming chips and similar betting transactions
  • Interest and account fees
  • Unauthorized charges
  • Items returned for credit

  Merchant Classification for Rewards Categories: Merchants are assigned a merchant category code ("MCC"), which is determined in accordance with Visa procedures based on the kinds of products and services the merchants primarily sell. We don’t control the assignment of these codes and are not responsible for the codes used by merchants. When you use your card to make a purchase, we’re provided an MCC for that purchase. We group similar merchant codes into categories for purposes of making rewards offers. Sometimes you may expect a purchase to fit within a rewards category, but if the code assigned to the merchant wasn’t grouped into that category, as recognized by Citi, your purchase will not qualify for additional cash back rewards. For example, you won’t earn additional points for purchases at a restaurant located within a retailer if the restaurant is assigned a "retailer" code instead of a "restaurant" code. Please also note – purchases made through mobile/wireless technology may not earn additional cash back rewards depending on how the technology is set up to process the purchase. We reserve the exclusive right to determine which purchases qualify for additional cash back rewards.

  Returns: Returned items may result in credits being applied to your Card Account which will reduce or may eliminate accumulated cash back rewards and may result in a negative cash rewards balance. If your Card Account has a negative cash back rewards balance, any newly earned cash back rewards will be used to offset such negative cash back rewards balance until such balance has been brought to zero.

  Account Closure: If we are notified of your death, earned cash back rewards will be distributed via check to the executor or administrator of your estate.

  If we close your Card Account for any other reason, you will no longer be able to earn cash back rewards, and you will forfeit any cash back rewards accumulated, but not yet distributed, unless prohibited by law. If you close or convert your Card Account prior to receiving the credit card reward certificate in your February billing statement, any earned cash back rewards will be forfeited, unless prohibited by law.

  Forfeiture: Any cash back rewards not redeemed by December 31 of the year of issuance of the credit card reward certificate will be forfeited.

  Value of Cash Back Rewards: Cash back rewards have no cash value until such time as they are redeemed.

  Property Rights: You have no property rights or other legal interests in cash back rewards. Cash back rewards may not be transferred to any other person including through such events as inheritance, bankruptcy or divorce. cash back rewards cannot be assigned or pledged.

  Changes to Program Rules: We may make changes to the cash back rewards Program at any time, and if required by law, will provide notice. We will give you advanced written notice if we make any of the following changes: a change that negatively affects the number of cash back rewards you can earn, a change that negatively affects how/when you may lose your cash back rewards, a change that negatively affects how you can exercise your rights with respect to cash back rewards, or if we cancel the program.

  Fraud, Misuse, Abuse or Suspicious Activity: If we see evidence of fraud, misuse, abuse, or suspicious activity, as determined by us in our sole discretion, we reserve the right to take action against you and your account. This may include, without limitation and without prior notice, any or all of the following:

  • Taking away your accrued cash back rewards you earned because of fraud, misuse or abuse.
  • Preventing you from earning cash back rewards.
  • Suspending or closing your Card Account or cash back rewards account.
  • Taking legal action to recover cash back rewards redeemed because of such activity and to recover our monetary losses, including litigation costs, and damages.

  Examples of activities that may trigger such actions include, but are not limited to, the following:

  • Using your Card Account in an abusive manner for the primary purpose of acquiring cash back rewards.
  • Using your Card Account other than primarily for personal, consumer or household purposes.