As of 2016, Costco is the world’s largest retailer of wholesale products such as choice and prime beef, rotisserie chicken, and organic foods etc. This American multinational corporation allows people to buy products in bulks at discounted prices. However, having a membership-only scheme, they must first become members of the club. Now they have 55 million members with a membership renewal rate of 87-percent.
To bring ease to their millions of shoppers’ lives, Costco offers a Costco Anywhere Visa card to make shopping a leisurely experience. Not only does this card allow you to make Costco Credit Card Payments easily, but also gives you a chance to earn Costco cash awards anywhere Visa is accepted. Just like Home Depot, this card is also issued by Citibank.
Costco Credit Card Rewards:
You can earn cash back on all your purchases from your membership using this card from Citi.com/costco. The rewards you get include 2% cash back on all purchases from Costco and Costco.com and 1% cash back on all other purchases. You also get 4% cash back on all eligible gas worldwide including gas at Costco and 3% on restaurant and eligible travel purchases worldwide.
You can use your Costco Anywhere Visa card to make purchases anywhere Visa card is accepted. The annual fee for Costco credit card Anywhere Visa card is $0 however, you will have to pay at least $55 per year for the membership. Also, the Costco Anywhere Visa card is eligible for Citi Price Rewind which is a complimentary benefit that provides the lower prices for products which you can buy using your Citi card.
To keep using the benefits cardholders get, you need to make timely payments. Here are three simple ways to make Costco Credit Card payments.
Make Costco Credit Card Payments Online:
Making your Costco credit card payments online is the easiest way to make payments. Following are the ways which you need to follow to make Costco credit card payments online:
- Since Citibank issues this card, you can register for the card online by going to their official website www. Citicards.citi.com.
- Sign in if you already have an account. In case you don’t, click ‘Register Now’ to set up your credit card login.
- Provide your card number and fulfill other requirements to complete the registration of your account.
- Once you register your account, go to ‘Accounts Detail’ page and select ‘Make a Payment’ option.
- Enter your payable amount and select the date on which you would like to schedule your payment in case you’re not looking to make payment the same day.
- Click on ‘Add a New Payment Account’ and create a payment account by entering your checking account number and bank routing number.
- Click on ’Submit’. Keep in mind that it will take up to two days for the funds to be withdrawn from your bank account.
Make Costco Credit Card Payments by Phone:
You can also make your Costco credit card payments by phone by calling at 855-378-6467. You will be directed to their automated pay-by-phone service. Make sure to have your credit card number, checking account number and bank routing number with you because you will be required to provide that information.
Make Costco Credit Card Payment by Mail:
Every month, you receive your credit card statement via mail from the company. This statement has a payment coupon which ensures that your payment is sent to the right address. Write the cheque for your payable amount and put it in the same envelope and mail it. Also, write your Costco credit card number in the memo section of the cheque.
However, if you don’t receive your statement by mail, you can view it online and then print it. Put your statement and cheque in the envelope and send this to the following address:
Costco Anywhere Card Payments
P.O. Box 9001016
Louisville, KY 40290
This method could take five to seven business days for the mail to reach. If you want to make payments timely, make a margin of this time.
Interest and Penalties:
You will have 25 days after the close of each billing cycle to make your Costco credit card payments. In case of delay, a late fee of $27 will incur if you haven’t had any late payments within the past six billing cycles, and $37 if you have. If you want to avoid interest charges, pay your new balance in full.
If you’re opting for the mailing method and your due date is close, there is a chance that the mail will not reach in time. Instead of taking that chance, go for online payments method or pay over the phone.