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Does Citibank Offer a Credit Card for Costco Members?

If you're a Costco shopper wondering whether Citibank issues the Costco credit card, the short answer is: Citibank does not currently issue a Costco-branded credit card. The relationship between Costco and its credit card partner has shifted over time, and understanding how it works today will help you decide whether the available options fit your situation.

The Costco Credit Card Partnership History 🏦

For many years, Citibank was the exclusive issuer of the Costco Visa card. That partnership ended in 2020. Since then, a different major bank has held the exclusive partnership to issue Costco-branded credit cards. This means if you're looking for a card branded specifically for Costco with Costco-exclusive benefits, you'll need to look beyond Citibank.

If you previously held a Citibank Costco card, it may still be active in your wallet—older cards aren't automatically canceled when partnerships end. However, new Costco cardholders cannot apply for a Citibank version of the card.

What Happened to Existing Citibank Costco Cards?

Existing cardholders weren't forced to switch. Citibank continued to honor cards already issued under the old partnership, though no new applications were accepted. Many cardholders have since migrated to the new Costco card issuer, either voluntarily or because their old card reached its expiration date and wasn't renewed.

If you hold an older Citibank Costco card, you can continue using it at Costco and elsewhere—it functions as a regular Visa card. However, you won't have access to any refreshed benefits or features associated with the current Costco card partnership.

How Costco Credit Card Partnerships Work

Warehouse membership clubs like Costco negotiate exclusive partnerships with credit card issuers for several reasons:

  • The card issuer gains access to a large, defined customer base
  • Costco members receive co-branded benefits (like bonus cash back at Costco locations)
  • The card issuer typically handles customer service, fraud, and dispute resolution
  • Costco receives financial benefit from the partnership

These partnerships are competitive and periodically renegotiated. Banks bid for the exclusive relationship, and the partner can change—as it did for Costco in 2020.

Your Options if You Shop at Costco 💳

Your SituationWhat to Consider
You want Costco-specific rewardsApply for the current Costco-branded card through the active partner
You have an old Citibank Costco cardKeep using it if still active, or migrate to the new card when yours expires
You want a Citi card for other reasonsCitibank offers general-purpose and category-specific cards; they work at Costco but don't have Costco-specific perks
You prefer Citibank but shop at CostcoA non-branded Citi card can earn rewards at Costco, but you won't access exclusive member cardholder benefits

Factors That Influence Which Card Makes Sense

The right choice depends on:

  • How often you shop at Costco — If you're a frequent member, the Costco-exclusive benefits might outweigh other card features
  • Your spending across other categories — A general rewards card might better match your overall spending mix
  • Which bank you prefer for customer service and account management
  • Whether you value the card issuer's other products (checking, savings, investment accounts)
  • Sign-up bonuses and ongoing rewards rates — These change and should be compared when you're ready to apply

What This Means for Citibank Customers

If you're loyal to Citibank for other financial products or accounts, you don't need to abandon the bank to shop at Costco. You can use any Citibank card there and earn rewards according to that card's terms. You simply won't access the bonus cash back or other perks designed specifically for Costco cardholders.

Conversely, if maximizing Costco rewards is your priority, the current Costco-branded card (issued by the active partner) will likely offer benefits tailored to your warehouse spending that a general Citibank card won't match.

The landscape matters more than the brand: Understanding how credit card partnerships work helps you see that card choice isn't about loyalty to one bank—it's about alignment between your spending habits, the rewards you value, and the terms that serve your situation.