Published on January 2nd, 2018 | by Chuck22
Citi Costco Credit Cards Eliminates Foreign Transaction Fees
Citi spokeswoman tells Doctorofcredit that the Costco Anywhere Visa personal and business credit cards will eliminate all foreign transaction fees after January 25, 2018. Currently, there is a 3% foreign transaction fee on these cards.
Citi and Costco are announcing a new benefit to the Costco Anywhere Visa® Card by Citi: the removal of foreign transaction fees on purchases made when cardmembers shop abroad or on an international retailer’s website. This new feature will be available on purchases made after Jan. 25, 2018.
This is certainly a welcome change, and it make the Costco cards another no-annual-fee card without foreign transactions fees either. It can be particularly useful for foreign purchases of gas, travel, and restaurants since the Costco cards earn higher rewards on those categories – 4% on gas and 3% on travel/restaurants. Travel purchases are especially notable since some online travel purchases made from your home might process internationally.
Thanks to OMAAT for tipping us off to the change