- Earn cash back on gas and a $25 statement credit with your first purchase made with the Card
- Earn cash back virtually everywhere you go - 3% for annual gasoline purchases of up to $3,000 (1% thereafter), 3% for restaurants, 2% for travel, 1% everywhere else, including Costco
- No Annual Fee with your paid Costco Membership
- The TrueEarnings Card serves as both your American Express Credit Card and your Costco Membership Card
- No Limit on the Cash Back earned
Introductory APR Info
Regular APR
Annual Fee
0% on Purchases for 6 months
15.24% variable
$0
Card 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, and 3% is earned for restaurant and on gasoline purchases up to $3000 (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.
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.
Additional Card Details
Overall Rating
5 Stars
Benefit Rating
5 Stars
Issuer
American Express
Card Type
American Express
Card Status
Standard
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.
Grace Period
20 Days
Minimum Limit
n/a
Maximum Limit
n/a
Minimum Deposit
n/app
Over Limit Fee
$29
Cash Advance Fee
n/a
Balance Transfer Fee
n/a
Application Fee
n/app
Rebate Minimum
1%
Rebate Maximum
3%
Additional Rebates
Earn a 3% rebate for gasoline purchases; earn a 3% rebate for restaurant purchases; earn a 2% rebate for travel purchases; and 1% rebate on all other purchases including Costco.
Mile Details
n/app
Miles Per Dollar Spent
n/app
Additional Miles
n/app
Miles Work with FF Program
n/app
Points Per Dollar Spent
n/app
Point Details
n/app
Additional Points
n/app
Approval Bonus
None
First Purchase Bonus
$25 Statement Credit
Balance Transfer Bonus
None
Other Bonus
None
Bonus Details
None
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.