The Amazon Prime Visa Card, exclusively available to Amazon Prime members, entices with its generous cashback system. On the other hand, the Costco Anywhere Visa Card, issued by Citi, is tailored for Costco members who relish the bulk shopping experience.
Let's compare them side by side to see which of them better fit with your spending habits.
Amazon vs Costco Credit Card: General Comparison
The Prime Visa card, exclusive to Amazon Prime members, boasts a compelling proposition for avid online shoppers. With a robust 5% cash back on Amazon.com and Whole Foods Market purchases, it caters to those who frequently indulge in the vast e-commerce ecosystem.
![Amazon Prime Visa card benefits by category](https://dev.thesmartinvestor.com/wp-content/uploads/2024/01/Amazon-Prime-Visa-card-how-to-earn-rewards-e1705650237421.png)
Costco Anywhere Visa, designed for pragmatic spenders, stands out with substantial cashback rewards on crucial expenditures such as gas, dining, and Costco shopping. This aligns seamlessly with the spending patterns of its members, establishing it as a go-to choice for those seeking practical rewards.
Costco Anywhere Visa Card | Prime Visa Card | |
Annual Fee | $0 ($60 Costco membership fee required) | $0 ($139 Amazon Prime subscription required) |
Rewards | 4% cash back on on eligible gas and EV charging purchases for the first $7,000 per year and then 1% thereafter, 3% cash back on restaurants and most travel purchases, 2% cash back at Costco and Costco.com, 1% cash back on all other purchases | 5% at Amazon.com, Amazon Fresh , Whole Foods Market and on Chase Travel purchases, 2% cash back on gas stations, restaurants and on local transit and commuting, 1% cash back on all other purchases |
Welcome bonus | None | $100 Amazon gift card upon approval |
0% Intro APR | N/A | N/A |
Foreign Transaction Fee | $0 | $0 |
Purchase APR | 20.49% (Variable)
| 19.49% – 27.49% Variable |
Read Review | Read Review |
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Cashback Analysis: Amazon vs Costco Credit Card
Overall, for the average consumer – there is no significant difference between the cashback on both cards. The Costco card wins if you tend to spend on gas and supermarket. However, if you mainly spend on travel or Amazon products- the Amazon card takes the lead.
Another thing to remember is that the Costco cash back will be issued as an annual credit card reward certificate, accessible once your February billing statement concludes. This certificate is redeemable for either cash or merchandise at Costco Warehouses across the United States.
Spend Per Category | Costco Anywhere Visa Card | Prime Visa Card |
$15,000 – U.S Supermarkets | $300 | $150 |
$5,000 – Restaurants | $150 | $100 |
$4,000 – Amazon Products | $40 | $200 |
$4,000 – Travel
| $120 | $200 |
$4,000 – Gas | $160 | $80 |
Estimated Annual Cashback | $770 | $730 |
* Assuming all supermarkets/gas purchases made via Costco
The Amazon card offers versatile redemption options, allowing users to apply rewards as a statement credit or automatically apply them each billing cycle.
Additionally, users can utilize points for eligible purchases on Amazon.com by linking their credit card and choosing the “shop with points” feature at checkout.
![Prime Visa card cashback](https://dev.thesmartinvestor.com/wp-content/uploads/2024/01/Prime-Visa-card-cashback-worth-e1705650099993.jpg)
Additional Benefits: Comparison
When it comes to extra benefits, there are no special shopping benefits. Both cards offer a variety of protections, but the Amazon card protections are broader than Costco's.
Costco Anywhere Visa Card
- Damage & Theft Purchase Protection: Costco's Citi card offers coverage for damaged or stolen purchases, providing potential repairs or refunds within 120 days of acquisition, offering peace of mind for cardholders.
- Travel & Emergency Assistance: Costco cardholders benefit from 24/7 services, ensuring assistance with emergency travel arrangements, travel issues, medical and legal referrals, and more, enhancing their travel experience.
- Roadside Assistance Dispatch Service: With coverage across the U.S. and territories, Costco's Citi card provides a Roadside Assistance Dispatch Service, ensuring prompt help for cardholders facing car troubles during their journeys.
- Purchases Analysis and Tools: The Costco card offers a variety of spending tools and statistics on your purchases and rewards.
![Citi Costco annual rewards](https://dev.thesmartinvestor.com/wp-content/uploads/2024/01/Citi-Costco-annual-rewards-e1705653842451.jpg)
- Citi Entertainment℠: Elevating experiences, Citi Entertainment provides exclusive access to presale tickets and special events, enhancing the entertainment options available to Costco cardholders.
- $0 Liability on Unauthorized Charges: Costco's consumer card ensures complete protection against unauthorized charges, relieving cardholders of responsibility for any unauthorized online or other charges.
Prime Visa Credit Card
- Prime Card Bonus: Earn an impressive 10% back or more on select products, sweetening the deal for Amazon Prime members and making the card particularly rewarding for frequent shoppers.
Baggage Delay Insurance: In the unfortunate event of delayed baggage, this benefit helps cover essential expenses, ensuring a smoother travel experience.
Extended Warranty Protection: Purchases made with the card often receive extended warranty protection, providing added coverage beyond the manufacturer's warranty.
![Amazon Prime Visa card perks](https://dev.thesmartinvestor.com/wp-content/uploads/2024/01/Amazon-Prime-Visa-card-perks-e1705650158167.png)
Lost Luggage Reimbursement: Should your luggage go astray during travel, the card offers reimbursement for essential items, alleviating the inconvenience of lost belongings.
Roadside Dispatch®: The card includes access to a 24/7 roadside assistance hotline, offering services like towing, tire changes, and more in case of vehicle breakdowns.
Travel Accident Insurance: Cardholders enjoy travel accident insurance, providing financial coverage in the event of accidental death or dismemberment while traveling.
Travel and Emergency Assistance: This feature offers access to a range of emergency services while traveling, providing support in unforeseen situations.
Purchase Protection: The card provides protection against damage or theft for eligible purchases made with the card, enhancing the security of your acquisitions.
When You Might Prefer The Amazon Prime Visa?
Here are scenarios where the Prime Visa Card might be the preferred choice:
- Frequent Online Shopper: If you find yourself making regular purchases on Amazon.com or shopping at Whole Foods Market, the Prime Visa Card offers an enticing 5% cash back on these transactions. This makes it an ideal choice for individuals who prioritize online shopping and organic grocery purchases.
- Amazon Prime Membership: Since the Amazon Prime Visa Card requires an Amazon Prime membership, it's particularly attractive for those who are already subscribed to Prime services. If you're already enjoying the benefits of Prime, such as fast shipping, streaming services, and exclusive deals, adding the credit card to your arsenal can complement your overall Prime experience.
- Diverse Spending Habits: The Prime Visa Card extends its benefits beyond online shopping, providing higher cash back rate on dining, gas, drugstore and travel purchases via Chase Travel portal. If your spending habits encompass a range of categories, including these, the card's versatility can result in substantial cash back rewards.
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When You Might Prefer The Costco Credit Card?
Here are situations where the Costco Anywhere Visa Card might be the better choice:
- Frequent Costco Shopper: If you are a regular Costco shopper and enjoy the bulk buying experience, the Costco Anywhere Visa Card is tailored to reward your loyalty. With 2% cash back on all Costco purchases, including gas, it's an attractive option for individuals who prioritize in-store bulk shopping.
- Significant Gas Expenditure: The Costco Anywhere Visa Card offers an impressive 4% cash back on eligible gas purchases, up to $7,000 annually, and 1% thereafter. If you spend a substantial amount on fuel each year, this card provides a substantial reward for your gas expenses.
![Citi Costco credit card dashboard](https://dev.thesmartinvestor.com/wp-content/uploads/2024/01/Citi-Costco-credit-card-dashboard-e1705653893146.jpg)
Compare The Alternatives
If you're looking for a store credit card with great rewards for online shopping – there are some good alternatives you may want to consider:
Target Red Card | Apple Credit Card | Sam's Club® Mastercard® | |
Annual Fee | $0 | $0
| $0 ($50/$110 for Club/Plus membership – MUST)
|
Rewards | 1% – 5%
5% off at Target and target.com, 2% on dining and gas purchases and 1% everywhere else outside of Target
| 1% – 3%
3% cash back at Apple and select Apple pay partners. 3% Daily Cash back at Ace Hardware, Duane Reade, Exxon, Mobil, Nike, Panera Bread, T-Mobile, Uber, Uber Eats, and Walgreens. 2% on other Apple pay purchases, and 1% on all other purchases
|
1-5%
5% cash back on gas anywhere Mastercard is accepted (on the first $6,000 per year, then 1% after), 3% cash back on Sam’s Club purchases for Plus members, 3% on dining and takeout and 1% on all other purchases
|
Welcome bonus | None | N/A |
None
$30 statement credit after making $30 in Sam’s Club purchases within the first 30 days
|
Foreign Transaction Fee | $0 | $0 | N/A
|
Purchase APR | 29.95% (Variable) | 15.99% – 26.99% Variable
| 20.40% or 28.40% Variable
|
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