The name of this new Citi Costco credit card is Costco Anywhere Visa card by Citi. The focus is on anywhere, not just at Costco, since you can use this card in any place that accepts Visa cards. There will be a business credit and personal credit cards, but at present it is unclear what are the differences.
Both the business and personal cards are going to carry a low interest rate, a higher credit limit, and a rewards program. A business card may also allow for cash advances up to $500.
The only negative is that the card won't be available in every store that accepts Visa. This means that in some places it will be hard to get a card with this name. There are also limits placed on who can have their name on the cards, but the company states that there will be no limit on the number of cardholders allowed. This will likely make it a little easier for people who travel a lot or who work in restaurants to get a card with this name.
The other cards will be pretty much the same. A person will be able to choose a credit limit and rewards program. Both the business and personal cards will carry a higher credit limit than a standard Visa card. They will also have a rewards program and cash advances up to $500.
Business cards are going to be more useful for those people who are running a restaurant or a coffee shop. It will be hard to get an employee a card because of the restrictions, and it will be difficult to get a merchant account. It is possible that the company will allow a merchant account to be opened on behalf of employees at certain Costco stores.
It's still unclear if the business and personal cards are going to be supported by every bank that offers Visa in the U.S., but for those who have been loyal to the Citi brand this may be a good thing to try. Those who have been loyal to the Visa brand should know that they can count on the availability of this card in every store.
If you are thinking of getting a card with this name, check with your financial institution first. Many of them have restrictions in place on the use of Visa cards, even if they are not in the name of the company. It is important to find out what sort of restrictions will apply in your area.
If you are a Costco member and you are considering this card, make sure to check with them about this. If you aren't a member of the store, they may not offer one for you to use.
You can be sure that Citi will continue to offer all kinds of credit card options for those consumers who have been loyal to their name. No matter what your financial status, there will be a card that you can use to help you get the cash you need. in an emergency. It is likely that the cards will carry a high credit limit and allow you to use Visa online.