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Costco American Express Card Review

by Mike

Is the Costco American Express TrueEarnings Card Worth Adding to Your Wallet?

Costco is well-known for being a place to find good deals.  Whether you’re looking to stock up on bulk items, replace the tires on your car, or print out your Christmas cards…you will find a bargain at Costco.

Now the popular wholesale warehouse has teamed up with American Express to offer a cash back credit card that lets you earn rewards both inside the store and out.  The TrueEarnings® Card from Costco and American Express offers all the convenience of an American Express card along with some neat benefits and rewards.

Costco American Express Card – Key Features

  • Earn Cash Back with Every Purchase.  You’ll earn 3% cash back on gasoline purchases up to $3,000 each year (1% thereafter), 2% at restaurants, 2% on travel expenses, and 1% everywhere else
  • 0% intro APR for 6 months
  • Earn unlimited cash back.  You can even add additional cardholders to your account and earn cash back on their purchases too
  • Two memberships in one.  It’s an American Express card and a Costco card all in one, with no annual fee for Costco members
  • Car rental loss and damage insurance at no additional charge
  • Traveling out of country?  Have foreign currency or travelers checks shipped right to your door
  • Up to $100,000 in Travel Insurance for you and your family
  • Extended warranty coverage protects your purchases up to one additional year after the manufacturer warranty expires
  •  24/7 customer service hotline to assist you no matter where in the world you are
  • Earned 4.5 out of 5 stars with over 15,000 customer reviews and counting

Now there are a couple of quirks that we feel should be mentioned.  First, although you earn the rewards all year long you can only access them once a year.  Once a year you receive a cash reward coupon that you can redeem at any Costco warehouse location for merchandise or cash.  While an annual windfall is nice, we would prefer to receive rewards more frequently.

The other weird thing is that there are no special discounts for shopping at Costco other than the 1% cash back reward.  It would be nice to receive special sale prices or rewards in store, but given their already discounted prices and thin profit margin that could be too much to ask.  But the fact that rewards can be earned anywhere (the 3% cash back on gas is a big plus!) mean this is a competitive product in the crowded market for cash back credit cards.

Click here now to learn more and sign up for the TrueEarnings® Card from Costco and American Express

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Costco American Express Card Review, 5.0 out of 5 based on 1 rating

{ 3 comments… read them below or add one }

Brenda March

I do my best to stay away from cards unless I intend to pay the whole amount up front. These days it is not just enough to think you will be able to pay it off later. You need to know. Otherwise you’ll get suckered by store cards big time. I found a number of ways to save for what I want. Like using samples of toothpaste and coupons to trim my budget. I also try to use trial offers whenever possible but remember to cancel them. Finally, if you are going to spend on a meal out use coupons. All these are just a few of the things I use but have proven to be pretty effective for me.

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Jai Catalano

There isn’t even a Costco near us so we never shop there plus we sometimes find deals outside of Costco comprable. Thanks for the review.
Jai Catalano´s last [type] ..Fun With Photography

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Mike

Thanks for stopping by Jai. There are many Costco’s in my area and we usually find some good deals.

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