TrueEarnings® Card from Costco and American Express
Sponsored Card
- Minimum Credit Required:
Excellent, Good - Annual Fee:$0
- Network: American Express
Cash Back
| Initial Bonus None |
Base Earn 1% |
Max Earn 3% |
Earn / Redeem Limit No |
- 3% Cash back at US gas stations and on gasoline at Costco up to $4,000 per year in purchases, then 1%.
- 2% cash back at US restaurants; 2% cash back on eligible travel purchases, including at Costco; 1% cash back on other purchases, including at Costco.
- The Two-In-One Card: it's an American Express® Card and Costco membership card, with no annual fee for Costco members.
| Intro Rate 0% |
Intro Period 6 months |
Regular Rate 15.24% (V) |
| Intro RateNot Offered | Intro PeriodN/A | Regular Rate15.24% (V) | Balance Transfer Fee 3% |
| Cash Advance Rate 25.24% (V) |
Cash Advance Fee 3% (min $5) |
- Terms and limitations apply; You will receive your cash back annually in the form of a reward coupon.
- Cardmembership offers access to benefits such as Global Assist and Purchase Protection* *Underwritten by AMEX Assurance Company .
- Terms and restictions apply.
- Max Late Fee: $35
- Max Overlimit Fee: None
- Max Penalty APR: 27.24% (V)
- Grace Period: 25 days
- Online Response: Yes
- Foreign Transaction Fee: 2.7%
If you currently have the TrueEarnings® Card from Costco and American Express and are satisfied or you like the terms of this credit card offer please let your friends know.
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TrueEarnings® Card from Costco and American Express is related to the following credit card categories:
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Before applying for a credit card we recommend that you review and verify the credit card terms and conditions on the credit card company's web site. Please let us know if you find any differences related to the TrueEarnings® Card from Costco and American Express shown on this page.
The card information shown on this page was last updated: May 2nd, 2013 at 11:37 EDT
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I've had my Costco American Express card since 2009. This is my favorite credit card. There's no annual fee, but you are required to purchase a Costco membership each year. The generous annual rebate I receive from this credit card always sufficiently covers and exceeds the Costco membership fee. You get 1% back for most purchases and 3% back for purchases at gas stations and restaurants. This is the only credit card you can use at Costco, which is great because I shop at Costco at least once a week. The website interface of the American Express is also very easy to use, especially in comparison to other credit cards. I can view my balance and make payments in less than three minutes. The Costco American Express card also gives you a fairly large amount of time to pay your balance, before you are charged interest. My sole complaint is that many places do not accept American Express. I love this card and I highly recommend it.
April 26, 2013 at 01:24pm
I have been an executive member of Costco for about 2 years now. It is true that Costco offered 1% cash back when making purchase at Costco with an executive member ship. But do you know that, with the TrueEarnings card from Costco and American Express, you can get another 1% cash back. That is a combination of 2% cash back right there. In addition, if you fill up the gas at Costco pump, not to mention that the gas price at Costco is much cheaper compare to other gas stations, you could get 3% cash back. So, you could get a potential of 5% cash back when you become the executive member of Costco, making the purchase, and fill up the gas. The card also served as your membership card, so you do not have to bring your other card with you, just the American Express card to show to the attendant at the door, when you walk into the warehouse.
April 19, 2013 at 07:17pm
My husband and I love Costco! When we joined we weren’t sure which membership to get. The person at customer service helping us said that if we became executive members (which included the credit card) it would pretty much pay for itself, so we thought we’d give it a go. We’re going on three years now and, true to what we were told, the rebates from the card have always covered our membership with quite a bit left over. I guess that would depend on how much you use your card, but we always use it for gas and groceries and then pay it off at the end of the month, so we’ve always had a pretty big cash back reward. We’ve always seemed to have a good experience with this card, no hidden fees or anything. You can access your account online and see exactly how much you owe, how much you’re up to for your cash back, etc. It’s very convenient. We love it.
April 13, 2013 at 04:02am
I have been a member of Costco for many years. One day while I was checking out they scanned my membership card and asked me if I was interested in getting an American Express card through Costco. I did and it has been the best. I use this card for all my purchases in Costco and outside of Costco. The card has a great feature where they give you cash back earnings. Once a year they issue a check for my cash rewards and every year it more then covers my Costco membership fee. So it is like I get a Costco membership for free.
April 12, 2013 at 11:20pm
I have had this card for more than 5 years. I am not a person who likes to carry cash or check on me, and I am a Costco member, and Costco only takes AMEX card, so it seems natural to me to have this card in my wallet -- Instead of carrying my AMEX card and Costco card, the card combines two cards into one. Not only it gives me 1% of cash back on all my everyday purchases, 2% on dining out, it provides 3% cash back on gasoline purchases. Costco’s gas price is already cheaper than the price at the regular pump; the 3% cash rebate is simply adding more savings to my gas expenses. Granted, there are other card like Discover, Chase that from time to time, offer 5% cash back on gasoline purchases on a quarterly basis. If you consider the whole package – nothing beats the Costco Gas Price + year round 3% cash back. So far, I have nothing to complain about this card, and I would use this card again and again.
April 5, 2013 at 06:21pm
First of all, I am a college student, and I would recommend this card to any college student. I had this Costco card from a long time, and it has helped me a lot. First of all, the 1% and 3% cash back is awesome. Combining the benefits of using this card, along with the big saving at Costco, I have saved a lot of money, which I could use to find my college expenses. The best part of it is their customer service. They respond promptly and clearly. No B.S. ALso , there is no annual fee! I think this is the best value credit-card out there.
April 5, 2013 at 02:44pm
Ever since I've had the Costco TrueEarnings card from American Express for the last three years, it's always been an absolute pleasure and joy utilizing this card wherever I travel. From its multiple benefits including 3% back from purchasing gasoline to 2% back from eating out, I've mainly used this card as my primary credit card now. The rebates and deals are not only top-notch in the industry, but the customer service remains exceptional and friendly as always. I also enjoy how there is no annual fee, but rather the Costco membership fee covers it already. I will continue to use this card and would highly recommend it to the avid Costco shopper or anyone looking for a great, user-friendly credit card.
March 29, 2013 at 05:05pm
Since I shop for my business at Costco much of the time this card has saved me a pile of cash! I get a 3% rebate on the gas I buy and 2% on eating out too. And when I have to renew the Costco membership fee each year I have that charged to the Costco American Express and get a rebate on that as well! Talk about a great deal! Of course I use this card all over town and everywhere else American Express is accepted and get rebates all of those purchases too. There is no annual fee to own this card (unlike some other cards) so I highly recommend it.
March 21, 2013 at 08:48pm
I have had the Costco TrueEarnings card from American Express for several years now. This card offers great benefits including 3% back on gasoline purchases which is awesome! If you are a Costco member, this card is a no brainer. I am extremely pleased with this card and its benefits. The reward comes as a Costco gift certificate mailed once a year making it very easy to redeem. The yearly Costco membership fee is paid automatically from this card every year which is very convenient. I love this card and plan to have this card in my wallet for good.
March 14, 2013 at 11:21pm
I have had this card since Costco began offering it. It has been terrific. The convenience of using it at Costco makes it well worth having, and then there is the cash back feature. I was able to get cash back on my card of $200+ this past year and the beauty was that I never paid an annual fee or any interest charges. I pay in full each month. In addition to my frequent, and I do mean frequent, shopping trips to Costco, I use the card everywhere I go. We took a trip to Alaska last year and every purchase was on my Costco AMEX card. I recommend this card to anyone and everyone; you can't go wrong!
March 14, 2013 at 10:02pm
Anytime I can get a card with no annual fee, I'm interested immediately. This is why I signed up for this card when asked to do so by the person who rang up my groceries at costco. They explained to me how this ties in with my Costco purchases and rather than using cash to pay, I could just use this card. I can see how if someone didn't visit this particular chain of stores very often, that this might be just another credit card. In my case, however, I visit there so often that this has saved me so much time, it is not a hassle at all, and the gas rewards I get back are great also. I would recommend this card to anyone who shops at Costco as much as I do. It really is a time saver and it is so convenient.
March 14, 2013 at 04:54pm
This Amex is a necessity at Costco unless you are willing to withdraw a bunch of cash beforehand. When they say this card simplifies things then it really does, because I will always have it handy if I am looking to fill up the tank and shop at Costco. I am actually curious as to why they would want to encourage use of the card at their gas stations, considering the fact I thought they lose money to Amex, but who am I to question the symbiotic relationship that card companies and my favorite place to shop for groceries has when I get 3% back on my gas. I'm very happy with the usage I've gotten out of this card so far, and I'll continue to shop at Costco with it.
March 6, 2013 at 10:02pm
The TrueEarnings American Express from Costco is one of my favorite cards to use. It's great to be able to consolidate my Costco card and a credit card. They will extend warranties for certain products purchased at Costco, like some laptops. This is a great service and has been very helpful for me. Their customer service is always very friendly and they have been able to solve any problems that I have given them. I have never had any problems or extra fees. I think that is because I always pay my bill on time. Also, the ability to use my points at Costco is a great bonus!
February 21, 2013 at 07:27pm
As an avid shopper at Costco, I truly love my Costco American Express True Earnings Rewards card and the entire range of perks it offers. I usually shop at Costco every other week, so using this card makes me feel like a valuable member and as if I’m constantly saving money. With 3% cash back on gas and 2% at certain restaurants, this card has pretty much become my main credit card whenever I travel anywhere or eat out. With its great customer service representatives, I've never had any problem talking them about certain issues or expressing my concerns. Their paperless statements also emphasize remaining environmentally efficient and are truly convenient for me. In the end, I will continue recommending the Costco American Express True Earnings Rewards card to family members/friend, as well as, continue shopping at Costco.
February 16, 2013 at 06:51pm
I really didn't need another credit card, but I've been a long and loyal customer of Costco so I decided to take a chance. When checking out with a huge purchase (I was furnishing and completely stocking my brand new small business) I was offered 20% off if I signed up, so of course I couldn't turn down that opportunity. I've been happy with the purchase ever since and because Costco only accepts American Express, it's handy to have. The rewards program is great and customer service has always been friendly and helpful whenever I had a question. I have had absolutely no complaints about this card and now it's a regular in my credit card arsenal. I wouldn't hesitate to recommend it to any Costco member!
February 15, 2013 at 04:33pm
I love my Costco American Express True Earnings Rewards card. I enrolled with it because of a Costco membership promotion. I honestly feel as if I am making money and saving money by using it for everything. I know, sick way to justify charging and shopping. The rewards are good. I look forward to the check and still feel surprised when it arrives each February. I appreciate and have recently used the charge dispute option for services I purchased which were not delivered as promised. What a relief. I like that my picture is on the back of the card as well. That makes me feel safe. The customer service people are always helpful, easy to understand and eager to help, as well as able! I really just don't have a single complaint. And that is not true of me in most areas of my life, especially when they involve money. Thank you AMex.
February 9, 2013 at 12:28am
I signed up for the True Earnings Card because I already had a Costco membership, and was shopping there. At the checkout, they were offering a 20% discount off my purchase for that day if I was given instant approval, which I was. It turned out to be a really great card; I honestly only applied for the discount, because I had spent a lot that day- there's no fee if you have a Costco membership, but the benefits are really great and I use it all the time now. They have a cash back program ( cash back, but only on up to $4,000 annually), which I got in the form of a coupon in Feb. of this year, for the first time. The cash back is only good on certain things- 3% on gas, which I use a lot of, 2% on certain restaurants and 1% on Costco purchases. I believe there's a travel/vacation benefit too, but I haven't had the chance to go on one, so I can't speak for that. There is also some kind of perk for other people who you refer, but I haven't qualified for that. I've never had any issues with customer service, and I get paperless statements, but their online services are great. A good card I you already (or plan to become) a member of Costco’s; I would definitely recommend it.
February 8, 2013 at 08:13pm
I am not prepared to give you my Social Insurance Number. I am not asking for a loan...this is just a new AmEx card. Can I get it without giving this info?
February 4, 2013 at 02:33pm
I'm shopping at Cosco for about 15years we are only 2 people in the family, but the savings are great, and with the new card would be greater. John Mardian
January 20, 2013 at 08:34pm
I decided to get this card because I shop at Costco a few times a month and really thought it would come in handy and it has. Even though it is also an American Express card, I only use this card at Costco, which is where I can maximize its benefits in the best way. The reward coupons do come in handy, but you have to make sure that they are used before the expiration date. If you are a frequent shopper at Costco, this shouldn't be a problem. There is one thing to be aware of though with this card. It is only valid if you have a Costco membership and that is how you avoid paying an annual fee on the card. Basically, your Costco membership fee is used instead of an American Express annual fee. If you don't keep your Costco membership active, then this card account can be closed. They told me that when I signed up for the card. Overall, this is a great card for any Costco shopper. I have had no issues with it at all.
January 11, 2013 at 04:56pm
I decided to get this credit card because I am a frequent customer at Costco, and I thought it would be great to have a card that offered extra rewards for the purchases I frequently make there. They offer double points for the things that I buy at Costco, and considering that I shop there very often, those bonuses add up very quickly. I also get bonus points for gasoline too. My only complaint about the card is not really the fault of the card itself, but I should tell it anyway. In many stores I have noticed that their card scanners do not work well with this card, and they have to punch the number in manually. Again, this is not a problem with the card, but perhaps more with the stores. However, it is still a bit annoying.
December 26, 2012 at 05:22pm
I got this card after joining Costco. I decide that I might was well get some money back each year for the money I spend on groceries and gas. I purchase almost everything on this card and always pay it off in full each month. I have never had an issue with fraudulent charges, missed payments or anything else. I'm really pleased with the customer service I've received when I have a question about my card. The customer service reps are courteous and knowledgable, much more professional than others I have encountered in the past. My credit limit isn't enormous but I'm ok with that since I pay it off every month it isn't a concern.
December 19, 2012 at 05:34pm
I'm always shopping at Costco and about 3 months ago I decided to get this card and so far ive got zero complaints with it! Ive recently built up enough points to buy some things online so I have been using the points for my Christmas shopping. There has been no issue using the points ive earned. Ive called customer support only once with a general question I had towards the beginning and they were quick to explain things in a way I could understand it. Very friendly customer service. I am very happy so far and hopefully will continue to be impressed.
December 14, 2012 at 02:34pm
I love my Costco True Earnings card! 3% cash back on gas purchases is not bad at all.. I feel that for once I am not getting the short end of the stick when it comes to credit card companies. I know it sounds crazy but I don't feel like they are just out for my money! They truly do give back. It isn't some ridiculous rewards that you will never see. I love calling into the customer service line because all the representatives are so great! They are funny, and nice. I love everything about this card and it's company!
December 7, 2012 at 04:03pm
I just recently got this card as a incentive with my Costco membership. Costco only allows you to pay in cash/debit or using american express. I have to say that to use of credit at Costco is a huge plus as a reason for getting an american express card. There really is no negative to Costco, I love that store! lol now on to the card itself. Its a pretty standard card, my rate is kind of high but I am young and don't have a lot of credit so that is to be expected and its not really meant for you to carry over a balance.. Also the points/reward system is pretty awesome as well. Pretty much cash back on every purchase which is pretty awesome. I would recommend this card to anyone who loves Costco as much as I do. No annual fee which is great.
November 30, 2012 at 05:07pm
I have had my Costco True Earnings Card for one and a half years now. It is now my number one card and I use it for all purchases where American Express is accepted. I love to know that I can get cash back for all of my purchases, ranging from 1-3% cash back. One advantage to this specific American Express card is that you can choose to carry a balance if you can't pay it off in full every month, which is not offered with all American Express Cards. Best of all there is not annual fee. Who wouldn't want to get cash back for purchases that you make everyday?
November 23, 2012 at 07:53pm
I have had my true earnings card for 2 years now and I love it! Mostly I use my card for gas and eating at restaurants. The cash didn't seem like it would add up to a lot at first but my cash back have been large both years. I pay off my balance every month so its like getting free money once a year. One great thing about having this card is that American Express is the only credit card that Costco takes, I found this out when checking out at Costco and realizing that I forgot my debit card and check, that was embarrassing but luckily I had the Costco TrueEarnings American Express card.
November 20, 2012 at 02:56am
While Costco does require a membership fee, the card easily pays that back with its cashback. I use the card mainly for gasoline and it works quite well for that purpose. Statements are clear and easy to read, and while some places don't accept Amex (only a few small businesses in my experience) I never have trouble using the card. As a company, Amex has been very helpful with any problems I've had and their customer service representatives have a good grasp of solutions. I'd easily recommend this card to anyone who is a Costco member. It's been my primary credit card for awhile now and overall I enjoy it much more than my other credit cards.
November 20, 2012 at 02:35am
I picked up this card when I got my Costco membership about a year ago. It is my go to card for all of my gas and a lot of my food and clothing. If you have ever shopped at Costco, you know the drill…you won’t get out of there without spending $100 or more. I do a lot of shopping at Costco, so this was a no-brainer. The points ad up fast and I use them every few months get discounts on products online. I think that this year I may use them for Christmas presents for the family. The points I get on my gas purchases are probably the best perk, since I always fill up there.
November 20, 2012 at 12:10am
Gas prices seem to keep going up, yet we have to use it whether we want to or not. Not everyone can afford to replace their vehicle with a bicycle or a hybrid, so for the rest of us, Costco and Amex have come together to offer this card. Not only do you get one percent back on most purchases, but they offer a full 3% back on gasoline purchases. With prices around here, that’s like an instant 10 cent or more per gallon discount without lifting a finger or tracking fuel rewards or perks from other activities. If you do these too, you can get even more. Everyone needs gas, and you can never go wrong with American Express, so I definitely recommend this card to anyone who drives.
November 1, 2012 at 02:34pm