The best credit cards should save you money and lower your stress, which is why it's vital to choose a card that offers excellent rental car coverage and an array of other all-around perks. If you're already a loyal Costco shopper, the Costco Anywhere Card by Citi delivers a slew of cash-back rewards. Fortunately, this card is good for more than groceries bought in bulk. As detailed below, it also has a lot of perks for travelers.
Of course, if you're not a big Costco shopper, this card has less value for you. The 2 percent cash back on all Costco purchases is a big factor in the value equation for this card.
Costco Anywhere Card Benefits for Car Rentals
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Coverage for rental cars. The Costco Anywhere Card is one of few Citi cards to still offer car rental insurance and other travel benefits. This card offers secondary rental car insurance for domestic rentals and primary coverage for international rentals, covering damages or vehicle replacement up to $50,000. Secondary car rental insurance kicks in only after your personal auto insurance coverage has been depleted. If you don't want to risk your auto insurance company getting involved, you should consider buying over-the-counter insurance at the car rental agency.
To take advantage of this benefit, you must:
- Decline the rental company's collision damage waiver (CDW/LDW).
- Be the primary renter of the car.
- Pay for the car in full with your Costco Anywhere Visa Card by Citi
A slew of travel protections. Other benefits offered by the Costco Anywhere Visa Card by Citi include trip cancellation and interruption protection. Whether you've experienced health or personal issues, or your travel is interrupted by severe weather or another emergency, you're eligible for up to $3,000 of compensation. Furthermore, this card offers other benefits, like 24/7 roadside assistance anywhere in the U.S., including Puerto Rico and the Virgin Islands.
Lots of ways to earn cash back. Perhaps the best reason to get the Costco Anywhere Card is that it earns cash back with every purchase. You'll earn 4 percent cash back on the first $7,000 you spend each year on gas (then 1%), 3 percent cash back on dining and eligible travel, 2 percent cash back on Costco purchases and 1 percent cash back on everything else.
No fees. This card has no annual fee for Costco members and no foreign transaction fees. Use this card outside the country and expenditures are calculated into U.S. dollars without incurring a percentage-based fee. This benefit can really add up over the course of a week-long trip.
Learn How to Apply for a Costco Anywhere Card by Citi
The Costco Anywhere Card has no annual fee for Costco members. The APR is 17.24 percent.
How to File a Rental Car Claim with a Costco Anywhere Card
To make a Costco Anywhere Card rental car insurance claim, call the number on the back of your card or (866) 918-4670 as soon as possible after the event. You can also download a claim form for submission from their website.
As always, it is important to document everything. Be sure to take multiple photos of the rental car—noting every ding and scratch—before you leave the car rental office when you pick up the car.
- Why It's Easier to Rent a Car with a Credit Card Than a Debit Card
- Premium Credit Cards That Offer Premium Car Rental Benefits