As long as you earn at least $1 in rewards throughout the year, you get an annual credit card reward certificate. This Costco credit card rewards certificate can be redeemed throughout the United States and Puerto Rico, but there are limitations on redemption you should know about.  Unlike most other rewards credit cards, the Costco Anywhere Visa® Card can’t be redeemed whenever you want. You can only redeem it once per year in February for the prior years earned rewards. Earning rewards is one thing; redeeming them is another. Here is what you should know about how to earn and redeem Costco credit card rewards.

Here are the rewards you can earn through the Costco Anywhere Visa® Card tiered rewards program:

4% back on eligible gas and EV charging purchases, including at Costco, for the $7000 in purchases per year, then 1% back for future purchases3% back on restaurant and eligible travel purchases2% back on all Costco and Costco.com purchases1% back on all other purchases

If you are eligible for a rewards certificate, here are the steps to take to receive it: It’s that easy! Now that you’ve received your rewards certificate, it’s time to redeem them.

Costco.comCostco TravelOn the Citi Mobile® AppCostco Anywhere Visa® Card account payments

When you are ready to redeem your Costco Anywhere Visa® Card rewards, you can present the printed certificate or show a virtual copy of it at checkout. The certificate barcode should be fully viewable to be scanned at the register. You can only redeem Costco credit card reward certificates for Costco merchandise or cash. Reward certificates are ineligible for travel purchases or as a statement credit. If you make a purchase that is less than the certificate amount, you get the remaining balance in cash when you check out at Costco.  Your credit card reward certificate expires on December 31 of the year it was issued, which can make redeeming it less of a hassle if you don’t live near a Costco warehouse. If you have to make a trip for redemption, at least you can earn some cashback on your trip purchases by using your Costco Anywhere Visa® Card during your travels.