TrueEarnings® Card from Costco and American Express
Card Type: American Express
Card Issuer: American Express
Card Category: Reward - Cash
Apply for Platinum BusinessCard with Unlimited Rewards
- American Express® Card and Costco Membership Card in one - with no annual fee for Costco members
- Cash back on the things you buy: 3% for the first $3,000 in annual gasoline purchases (1% thereafter), 2% for restaurants, 2% for travel, and 1% everywhere else, including Costco
- Rated 4.5 out of 5 stars in overall satisfaction by current TrueEarnings® Cardmembers from Costco and American Express
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- Rating:
- Intro Rate:
- 0% on Purchases for 6 months
- APR (Cash):
- 25.24%
- APR (Purch):
- 15.24% variable
- Annual Fee:
- $0
Review
The TrueEarnings® Card from Costco and American Express is designed for Costco members who have average credit and plan to take advantage of the cash back reward program. The cash rebate amount varies according to where the cardholder makes the purchase; 1% is earned on general purchases, 2% is earned for travel-related purchases, 2% is earned for restaurant purchases and 3% is earned on gasoline purchases up to $3,000 (1% thereafter). There is no limit to the amount of cash rebates that can be earned. In addition to the cash rebates, the card does provide several benefits and services that are commonly found with American Express® credit cards, such as purchase protection, auto rental insurance, and travel accident insurance. New card customers will enjoy 0% APR on purchases for the first 6 months of account membership. There is also no annual fee for this card with a paid Costco membership. Therefore, those who plan to spend at least $5,000 a year on the card and plan to pay in full each month after the introductory rate expires (to avoid finance charges) will benefit most from what the TrueEarnings® Card from Costco and American Express has to offer.
Most attractive features: Cash back rebate program; no annual fee.
Least attractive features: Available to Costco members only.
Additional Perks: Card can be used as a Costco membership card. Various travel and emergency assistance services. Auto rental insurance. Various Internet account related services. No liability for unauthorized Internet transactions. Access to various discounts at participating retailers and merchants. Extended warranty for purchases. Purchase protection. Emergency card replacement. Up to $100,000 in travel accident insurance. See website for additional benefits.
Rates & Fees
Introductory rate: 0% on Purchases for 6 months
Applied towards: Purchases
Introductory Rate Details: You will enjoy 0% APR for 6 months on purchases from the date of account opening. After that, your regular APR will apply.
Apr(Purchases): 15.24% variable
Apr(Cash Advances): 25.24%
Finance Configuration: Average Daily Balance (including new purchases)
Annual Fee: $0
Additional Cardholders: No annual membership fee with your paid Costco Membership
Grace Period: 25 Days (Min.)
Minimum Credit Limit: n/a
Maximum Credit Limit: n/a
Late Payment Fee: None
Cash Advance Fee: Either $5 or 3% of the amount of each cash advance, whichever is greater.
Balance Transfer Fee: Either $5 or 3% of the amount of each transfer, whichever is greater.
Important Notations: To apply for the card, the applicant must have a valid Costco membership. This card is not available to Puerto Rico residents. See website for complete terms and conditions of card usage and application disclosure.
Rewards
First Purchase Bonus: None
Balance Transfer Bonus: None
Annual Bonus: None
Other Bonus: None
Bonus Details None
Reward Type: Rebate
Optional Rewards: No
Minimum Rebate: 1%
Rebate Details: The rebate will be sent each year in the cardholder's February billing statement.
Maximum Rebate: 3%
Additional Rebates: 3% for annual gasoline purchases of up to $3,000 (1% thereafter), 2% for restaurants, 2% for travel, 1% everywhere else, including Costco
Miles per Dollar spent: n/app
Mile Reward Details: n/app
Additional Miles: n/app
Points per Dollar spent: n/app
Point Details: n/app