So while its very easy to quickly rack up a lot of rewards tao gift shop with the coos canyon rock and gift shop Citi Costco Credit Card, youll have to wait quite a long time to see any real savings.
Unfortunately, the fact that youll receive your Costco rewards just once per year isnt the only restriction you should be aware.
The person with that additional card is known as an authorized user.
In contrast, most rewards credit cards allow you to redeem whenever you want, with just a few clicks or a phone call.It comes in the form of a rewards certificate, which you have to actually go to a Costco location to spend.While Costcos process may not be the ideal situation for redemption, good things come to those who wait.Heres how to redeem Citi Costco rewards:. .Costco says in its membership materials that only purchases made by the primary and active primary Household Cardholder on the account will apply toward the Reward.Each February, once your account has been open for at least a year, youll receive a credit card reward certificate along with your monthly billing statement.So to learn loan or gift law uk that a lot of your households Costco purchases dont qualify for the cash-back rewards is annoying, to say the least.Since credit cards typically allow authorized users spending to earn rewards, its natural that you would think Costcos membership program would work the same way.
You should check with Costco, because it sounds as though both your purchases and those of your wife should be eligible for the 2 percent back.
Sometimes, just the act of adding an authorized user to a credit card account can earn you extra points.
Contact your local warehouse for stock questions.When it comes to rewards, though, the account holder generally earns the rewards on charges from the authorized users card.Isnt it unusual for both cards not to earn rewards?In other words, you can still use a reward certificate after your account closes.Credit cards are similar, in the sense that most allow you to apply for an additional card linked to the primary account.By, tony Mecia, updated: March 16, 2017, tony Mecia is a business journalist who writes for a number of trade and general-interest publications.The content on this page is accurate as of the posting date.If you close your account (or Citi does you forfeit any rewards that havent already been sent to you. .Keep these restrictions in mind so that you dont lose any of your cash back.
Adding an authorized user can help that person establish credit, but you have to be careful, because the main account holder is responsible for all the charges.
Dear Cashing In, My wife and I have been long-time shoppers at Costco and have had the Executive Card for several years.
I hope you are able to figure this out with Costco and receive the rewards you deserve.