Citi Costco Visa cardholders: You are dropping prolonged guarantee safety in January 2023

Citi is a TPG promoting accomplice.

If in case you have a Costco bank card from Citi, we have now some unwelcome information to report. I — together with different cardholders — acquired a discover that Citi is eradicating the prolonged guarantee profit from these bank cards in early 2023.

Here is a have a look at what’s taking place with the prolonged guarantee safety supplied on Citi’s Costco bank cards and the way this variation would possibly have an effect on you.

What’s prolonged guarantee safety?

Prolonged guarantee safety provides time to a qualifying guarantee, providing you with extra time to get pleasure from safety in your precious purchases. This profit will help to cowl the prices of repairing or changing an merchandise while you’ve bought it with a bank card that provides prolonged guarantee safety. Relying on the cardboard you employ, you possibly can add an additional 12 months or two to the size of your guarantee.


Presently, each the Costco Anyplace Visa® Card by Citi and Costco Anyplace Visa® Enterprise Card by Citi provide prolonged guarantee safety, including 24 months to producers’ warranties — as much as a seven-year complete protection restrict. There is a most of $10,000 per declare, reimbursing as much as this quantity or the fee to restore or change an merchandise — whichever is much less.

Associated: How an typically ignored bank card profit put $1,400 again in my pockets

It is vital to notice that almost all prolonged guarantee advantages do not cowl issues like boats, housing or antiques. Protection extends solely to the bought merchandise, not something that turns into broken when this merchandise stops working. For instance: In case you had a laptop computer coated by the prolonged guarantee safety, you could not file a declare for a desk that was burned when your laptop computer’s battery overheated — except you additionally bought that desk with a bank card providing prolonged guarantee safety.

When does prolonged guarantee safety finish?

Many Citi Costco Visa cardholders acquired discover lately that their playing cards are dropping the prolonged guarantee safety as of Jan. 22. Even when you have not acquired this discover within the mail, this variation nonetheless applies to you.

If you have not acquired a discover from Citi, there’s nonetheless a method to discover it on-line. When logging in to your Citi account and navigating to the cardboard advantages web page, click on in your Costco bank card. You will then obtain this pop-up message:

Join our each day e-newsletter

A pop-up window offers notification concerning the prolonged guarantee adjustments. CITI.COM

You will additionally discover that the left aspect of the picture above reveals two totally different advantages guides for cardholders: one which’s efficient now by way of Jan. 22, and one other information that takes impact on that date. And whereas the discover I acquired within the mail and on Citi’s web site talked about solely my Costco Anyplace Visa card, a spokesperson for Citi confirmed this profit will even be faraway from the Costco Anyplace Visa Enterprise card.

This transfer follows Citi eradicating almost all buying and journey protections from its bank cards in 2019. Prolonged guarantee safety was one of many few advantages that survived these cuts in 2019 — and even then solely survived on some bank cards.

How your current protection is affected

If in case you have made purchases along with your Costco bank card, your prolonged guarantee safety shouldn’t be affected. Till Jan. 22, when this profit is eliminated, all purchases will proceed to be coated as they’ve been till now.

On Jan. 22, new purchases will cease receiving prolonged guarantee safety. Nevertheless, should you used your Costco bank card to make an eligible buy in 2020, for instance, your prolonged guarantee profit on earlier purchases is not going to be affected. You’ll proceed to obtain an extra 24 months on high of the producer’s guarantee — as much as a most protection interval of seven years from the date of buy.

Associated: The very best bank cards for prolonged warranties

For coated purchases, the claims course of is not going to be affected even after new purchases cease receiving prolonged guarantee safety.

Backside line

Citi’s bank cards lack lots of the journey and buying protections out there from different issuers. What few advantages survived the large cuts we noticed in 2019 will probably be additional diminished on Jan. 22, when the Costco Anyplace Visa and Costco Anyplace Visa Enterprise lose prolonged guarantee protections.

On Jan. 22, we’ll examine Citi’s bank card advantages to see if some other cardholder perks have disappeared and can present updates if wanted.

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