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Costco members with a co-branded Citi credit card are about to receive a bigger cashback reward for gas spending than in previous years.
The bank's private-label credit card division, Citi Retail Services, issues store-issued credit cards for such companies as: American Airlines, Best Buy, ConocoPhillips, Costco, ExxonMobil, The Home Depot, Sears, Shell Oil, and Staples Inc.
The Huffington Post
Costco treats credit cards differently compared to other retailers. Most chains accept American Express, Visa, and Mastercard. Costco only works with one brand at a time. For decades, that was ...
Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank, and Travelers; Travelers was spun off from the company in 2002. [2][3] Citigroup is the third-largest banking institution in the United States by assets ...
The Huffington Post
Costco makes a key credit card change Costco has increased its cash back on gas from its own gas stations from 4% to 5% for people who pay with the Costco Anywhere credit card from Citi.
Before that, Costco credit cards had been issued by American Express since 2001, and Costco accepted only American Express cards for credit transactions. After switching its co-branded cards to Citi, Costco ceased accepting AmEx and began accepting Visa exclusively.