TrueEarnings® Card from Costco and American Express

The TrueEarnings Card from Costoco and American Express offers some of the most generous cash back rewards available today from any credit card. Here’s a summary of what the Costco card offers, followed by a more detailed review of the card:

• 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

Costco Credit Card Cash Back

The True Earnings Card from Costco and American Express is a cash back rewards card that can earn you cash wherever you shop, including Costco. The TrueEarnings Card pays 3% cash back on up to $3,000 in gasoline purchases (1% thereafter), making it one of the top gas rebate credit cards. With the Costco card, cardmembers also earn 3% cash back at restaurants, 2% cash back for travel, and 1% cash rewards everywhere else, including Costco.

The TrueEarnings card also offers a $25 statement credit after the first purchase made with the card. There is no annual fee with a paid Costco Membership. And the card also offers a 0% introductory rate on purchases for six months.

Unlike many Amex cards, the TrueEarnings card is a credit card, not a charge card. That means you have the flexibility to pay the card off in full each month or make payments over time. The purchase interest rate for the card currently is prime + 11.99%.

Instant Decision

One of the great features of the TrueEarnings card is that you can get a decision in about 60 seconds. Once you complete the Costco credit card’s online application, American Express is able to process the information you provide and give you a decision online in one minute.

American Express Perks

Because the Costco credit card is issued by American Express, it comes with all the features and benefits offered by Amex. For example, you can have foreign currency and American Express® Travelers Cheques delivered directly to your door within five to seven business days. When renting a car with the Costco card you can be covered with Amex’s Car Rental Loss and Damage Insurance at no additional charge. When you are traveling more than 100 miles away from home, you can rely on Amex 24/7 for medical, legal, financial, or other emergency assistance. And you can get instant access to cash at over 500,000 ATM locations worldwide.

Disclaimer: This content is not provided or commissioned by American Express. Opinions expressed here are author’s alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program. We do our best to accurately reflect the terms and conditions of credit card offers on this site. But please recognize that these terms and conditions can and do change from time to time. When you are evaluating credit card offers, please make sure to read the terms and conditions on the credit card issuer’s website, as they may have changed since the information was last updated on this site.