Costco has quietly raised the cash-back rate for fuel purchases made at its warehouse gas stations to 5% for holders of the Costco Anywhere Visa Card, up from the previous 4%. This top-tier rate applies to the first $7,000 in annual gas purchases at Costco locations, enabling members to earn up to $350 in rewards versus the former maximum of $280. After members exceed the $7,000 threshold, the rate reverts to 1% for any additional spending through the end of the calendar year.

While the elevated 5% rate is exclusive to Costco pumps, cardholders continue to receive 4% cash-back on all other eligible fuel purchases and EV charging stations outside of Costco. This maintains parity with the previous program for off-site fuel, ensuring that routine commuting and non-Costco station fill-ups remain lucrative for executive and non-executive cardholders alike.

With more than 80 million paid members, Costco is leveraging the enhanced gas rewards to encourage upgrades to the co-branded credit card, which carries no annual fee beyond an active warehouse membership. By boosting potential annual rewards by 25%, the company aims to strengthen card adoption, bolster profitability from interchange fees shared with Citi, and sustain its roughly 90% membership renewal rate, a key driver of recurring revenue and long-term customer lifetime value.