Costco Anywhere Visa®

Pros

✅ No annual fee (with Costco membership)

✅ High cash back rates, especially 4% on gas and EV charging up to $7,000 annually

✅ No foreign transaction fees

✅ Generous cash back rates on travel, dining, and Costco purchases

Cons

❌ Requires a Costco membership (at least $60 annually)

❌ Cash back can only be redeemed once per year at a Costco warehouse

❌ No sign-up bonus

❌ Limited redemption options for cash back

❌ No purchase or travel protection benefits

❌ Cap on gas and EV charging purchases for the 4% cash back rate