TrueEarnings® Card from Costco and American Express

TrueEarnings® Card from Costco and American Express Sponsored Card
Required Credit Score: Excellent, Good
4 628 reviews   Write a Review!
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TrueEarnings® Card from Costco and American Express's Rewards

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.
  • Terms and limitations apply; You will receive your cash back annually in the form of a reward coupon.
  • The Two-In-One Card: it's an American Express® Card and Costco membership card, with no annual fee for Costco members.
  • Terms and restictions apply.

TrueEarnings® Card from Costco and American Express's Key APRs & Fees

Intro Rate on Purchases
0% for 6 months
Intro Rate on Transfers
Not Offered
Regular Rate
15.24% (V)
  • ANNUAL FEE $0
  • BALANCE TRANSFER FEE 3%

TrueEarnings® Card from Costco and American Express's Additional Info

  • MAX LATE FEE   $37
  • MAX OVERLIMIT FEE   None
  • MAX PENALTY APR   27.24% (V)
  • GRACE PERIOD   25 days
  • ONLINE RESPONSE   Yes
  • CASH ADVANCE RATE 25.24% (V)
  • CASH ADVANCE FEE 3% (min $5)
  • FOREIGN TRANSACTION
    FEE  
    2.7%
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TrueEarnings® Card from Costco and American Express Reviews

 
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4.2
Overall Rating: 4.2 / 5
Total Ratings: 628
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Jul 24, 2014
Photo of Joe D.
4
By:
The True Earnings card from Costco gives me cash back to use to purchase more groceries. But I moved about 18 months ago and now I am 27 miles away from the nearest Costco so the rewards points I used to accumulate by fueling my vehicles with their gas are no more. I still have the flexibility for no annual fee, but I still have to pay the yearly costco membership fee. This card comes in handy when you need a new set of tires and their tire department has good deals. It's easier to make big purchases with this card and I have had it since 2000. The interest more
Jul 3, 2014
Photo of Jason T.
4
By:
This is a pretty good all around credit card . The APR is about average for what I would expect to pay on a card like this. I like that this card gives %3 cash back on gasoline purchases. And then it gives another %2 on restaurants. The %0 on purchases for the first six months is also a great deal and gives you a chance to buy something right away and then pay it off before interest starts to accrue. The 25 day grace period seems to be a good deal as well for those who sometimes forget to make their payment. All these terms considered, this is a decent card.
Jun 24, 2014
Photo of Cassi J.
5
By:
The TrueEarnings card is the perfect complement to my Costco membership. The cashback gives me quite the incentive to make more frequent trips when I want to go shopping. Gas is so expensive these days, and the extra 3% cashback on gasoline is such a nice bonus.
Jun 11, 2014
Photo of Kevin L.
4
By:
I like that the TrueEarnings Card gives you cash back from restaurants, since I go out to eat a lot. I don't have a Costco I go to regularly, so I don't need to use it as a membership card. I use a Bank of America Rewards Card, which also provides me with 3% cash back on gas. I do like that this card provides me 2% cash back compared to the TrueEarnings card. Both cards provide 1% cash back on any purchase. My Bank of America card is a Visa card, while this one is an American Express card. I know that American Express has not been accepted at more
May 14, 2014
Photo of Kristine O.
4
By:
I think the TrueEarnings Card from Costco is very useful as I shop regularly at Costco for groceries, household items and also fill my tank in the process. The interest rate isn't as high as other credit cards and I appreciate that. While I shy away from carrying too many credit cards, this may be one I apply for in the near future.
May 1, 2014
Photo of Lisa A.
4
By:
I like that I can earn cash back on gasoline without having to have yet another grocery store card in my wallet! The rate is wonderful compared to others out there so it was kind of a bummer that you can not transfer your other accounts over to this card to take advantage of it.
Apr 30, 2014
Photo of Carly R.
5
By:
I really like this card because it has a spending limit which I can adjust, and I earn cash back on the things I'm already planning to buy in bulk at Costco!
Apr 18, 2014
Photo of Mel P.
5
By:
I like Costco’s credit card because it gives cash back incentives. My favorite cash back bonus is the 4% that I earn back at all gas stations. I am a vehicle owner and so I need to fill my vehicle up with gas which means, I get 4% cash back every time I fill up. I also like that I get a check mailed to me every year which I cash at Costco. I am already at Costco regularly so this is a convenience that I appreciate. The Customer Service team associated with the Costco American Express cards are also very easy to work with and the feeling I get, more
Apr 18, 2014
Photo of Robert M.
5
By:
Costco is recognized by just about everyone as a good company that offers products at very attractive prices. American Express does credit cards better than anyone else, and I've used them for personal and business transactions for more than 40 years. They are rock-solid reliable and customer friendly. Combining the advantages and reputations of these two outstanding companies into a single credit card is a dream come true. The terms and conditions are competitive as are the various incentive features. I've used various Visa Platinum cards that seem to offer very attractive features, but those enticing features seem only to attract attention but after a while they are changed or more
Mar 26, 2014
Photo of Evan P.
4
By:
This card seems on par with what I would expect. It's very similar to the cash back offer cards I have. However, the cash back card I have does have a higher interest rate. But that's the thing that will keep you guessing, (V), variably I end up with worse interest rates than posted. The foreign transaction fees, late fees are typical and nothing special. The cash advance fee is slightly lower than other cards I have which I like. The CostCo membership really might make this card worthwhile. I am currently a member of a different club but I might in the future try this card since it would more
Mar 3, 2014
Photo of Vadim A.
4
By:
The cash back offers are what initially caught my eye; they're quite impressive when compared to other cards in the industry. The max penalty APR seems fairly harsh but reasonable. Nonetheless, this offer is perfect for individuals that are looking to maximize their bargaining with Costco. Also, the APR regular rate is reasonable and highly competitive with other cards. I'd thoroughly recommend any individual that is a regular Costco shopper to review this card and seriously consider committing to it.
Feb 27, 2014
Photo of Aaron A.
5
By:
I love shopping at Costco so it made sense to try this card. So far we have had great customer support. The cash back has been good. Very low interest rate is also a plus.
Apr 1, 2014
Photo of Virginia F.
Virginia Flores
I completely agree. We recently had a Costco open in our area and it is such a wonderful place to shop! It is a great way to save money, then add this card to the mix and you save even more. The cash back on gas alone makes it worth it.
Feb 19, 2014
Photo of Liz R.
4
By:
Since I already shop at costco, the Costco TrueEarnings card would be a good choice! I regularly get gas there, so why not earn 3% cash back while I am already filling up there? It seems like a much better card than Sam's Club offers! I just paid off all of my credit cards but will consider Costco's when I am in the market for a new one.
Feb 17, 2014
Photo of Aleja S.
4
By:
If you are a Costco shopper this is the card for you! You can earn cash back on your purchases and the apr is pretty low specially compared to other store cards. This is hands down the best "store card" you can find!
Jan 28, 2014
Photo of Mark D.
4
By:
The Costco TrueEarnings card offers an excellent cash back program. I currently have a USAA platinum mastercard, which offers a rewards program with cash back as an option, but the return is significantly lower. 3% cash back at gas stations simply can’t be beat. If I am ever in the market for a new card, I will strongly consider this one.
Feb 3, 2014
Photo of Jim L.
Jim Louie
I absolutely love the 3% back on gas because there are very few cards out there that can beat this. I already have a Costco membership so this card is one of the bonus perks that make Costco even better.
Dec 19, 2013
Photo of Rob D.
5
By:
Costco is a great store with amazing deals and the TrueEarnings Card from Costco and American Express can get you some even more amazing deals. You can get 3% Cash back at US gas stations and on gasoline at Costco, they already have the best gas prices in town and now you can get cash back. 3% is the most cash back i've ever seen with a card like this, it's usually 1%. There are so much cash back options on this card it's dumb to shop without it because it's like getting a little discount on everything you buy all the time. I mean look at these amazing terms: more
Dec 18, 2013
Photo of Rafael M.
5
By:
I really love shopping at Costco, so getting this Costco Credit Card was a no-brainer. The rewards I gain from grocery shopping are awesome and the savings that I earn from Costco help to keep my wallet nice and thick.
Dec 3, 2013
Photo of Cameron M.
5
By:
I've had this card for years. All consistent Costco shoppers must own this card. With the gas i purchase from Costco and all of the groceries that I need anyways, I am able to receive a hefty check every year. This card is highly recommended and is pretty much a way of receiving cash back for your shopping!
Nov 22, 2013
Photo of Myster M.
5
By:
I have had my American Express Business Card through Costco, and have the Executive Membership, since 2007. With the now 4% rebate for gasoline (started at 5%) and the multitude of other rebates we average a $300 annual check from Costco and a $675-$725 check from AMEX. Costco is usually very quick to refund the difference of the check when presenting it for purchase . . . which means that one doesn't necessarily have to spend the whole check at Costco?
I/We use the AMEX as much as possible for our small business (as in very small) and all other family/travel needs when the retailer/seller accepts AMEX.
It is a card worth pursuing?
Jan 2, 2014
Photo of Card H.
Card Hub
By all means, keep the card if you're happy with it and you regularly shop at Costco. However, you may want to consider opening another card or two in order to supplement your rewards earnings, especially on purchases not made at Costco. For example, The Ink Cash Business Card offers a $200 initial rewards bonus as well as 5% cash back on office supplies and telecommunications services, and the Capital One Spark Cash for Business provides a $100 initial bonus as well as 2% cash back across all purchases. Either or both of these cards would be great for a business-oriented version of the Island Approach, and you could even more
Nov 20, 2013
Photo of Teresa C.
5
By:
This is my absolute favorite credit card. I do wish more vendors accepted American Express. I love that I can use this card at Costco. American Express is the only credit card you can use at Costco. I've only contacted customer service once, but my representative was knowledgeable, courteous, and helpful. I have a leeway of approximately 24 days before I am charged interest. I have a leeway of two months before my credit score is affected. I pay my bill in full 95% of the time, but this comes in handy when I'm a bit short for the month. I've also heard that American Express is excellent in providing more
Sep 30, 2013
Photo of Hylary L.
3
By:
There are things I like and dislike about this card. The likes are that it's conveniently tied to what you purchase at Costco so you get a nice rewards check if you shop a lot. It's also a two-in-one card since it doubles as your entry card into Costco and a credit card. The dislikes are that some of their penalties are a little draconian. For example, if you were to pay off half of your balance and then not make a minimum payment the next month (even if it's far lower than what you paid in paying off your balance), they will charge you penalties in the form of more
Nov 22, 2013
Photo of Myster M.
Myster Mrine
My personal experiences say that are totally wrong . . .most (if not all) credit card companies do the same thing, and if you read the small print (most of don't) you agreed to those "draconian" actions!
Sep 9, 2013
Photo of George G.
5
By:
My very first American Express card and I have to say it's definitely convenient and comes with good bonuses. I do take advantage of a Costco membership to fill my tank and the gas bonuses are great to have. The fact that it's also 2 cards in one makes the process much easier and straightforward and leaves my wallet with one less card to have to carry around. Smaller benefits for purchases in Costco which is also nice when I need to do some grocery shopping when filling up my car. Low interest compared to other cards I have. All in all, this is probably my favorite card, great bonuses more
Sep 6, 2013
Photo of Tiffany M.
4
By:
Costco is a great store and a great place to have a credit card with! The TrueEarnings Card from Costco and American Express looks like a great deal. I always love a card that offers rewards or discounts on gas, but this one even offers rewards when you use it at restaurants. There is no annual fee as long as you are a Costco member, and why would you have the card if you weren't a member there? Like the Wal-Mart Store Card or the Kohl's Store Card you don't have an over limit fee but the Costco card has super low interest rates which absolutely sells the card for more
Aug 28, 2013
Photo of Chantel L.
4
By:
I really like the fact that there is no over limit penalty charge with the TrueEarnings card from Costco and American Express; and I also like that there is a cash advance option available. I also noticed that the interest rate was at 15.24% which is much lower than any of my other credit cards; my Wal-Mart card, for example is right around 22%. I am attracted to the cash back rewards especially for gas because I buy a lot of that. And it is also nice that there is no annual fee, I never sign up for a credit card if it has an annual fee. One drawback I more
Aug 21, 2013
Photo of Nick M.
5
By:
I love my TrueEarnings Card from Costco and American Express, Costco is an amazing place to shop regardless of the fee to shop there and American Express is fantastic to deal with. You get 3% Cash back at US gas stations and on gasoline at Costco up to $4,000 per year in purchases, then 1% which is amazing, seriously, you get money back on your gas. You get 2% cash back at US restaurants and eligible travel purchases, and then 1% cash back on other purchases. So everywhere you go and do you're earning cash, talk about bang for your buck. You get 0% APR for 6 months then 15% more
Apr 26, 2013
Photo of Virgie S.
5
By:
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. more
Apr 19, 2013
Photo of Hank L.
4
By:
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 more
Apr 13, 2013
Photo of Melony N.
5
By:
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 more
Apr 12, 2013
Photo of Al P.
5
By:
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.
Apr 5, 2013
Photo of Mike Y.
5
By:
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 more
Feb 17, 2014
Photo of Neatria B.
Neatria Brooks
I prefer this card to any others for the same reasons. The money I save on gas alone makes it worth it. I always fill up at Costco because the gas prices are cheaper than anywhere else.Getting the 3% rebate on top of that makes it even better.
Mar 29, 2013
Photo of Prince H.
5
By:
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 more
Mar 21, 2013
Photo of Michael L.
5
By:
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 more
Mar 14, 2013
Photo of Ross W.
5
By:
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.
Mar 14, 2013
Photo of Merle S.
5
By:
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 more
Mar 14, 2013
Photo of Mike K.
5
By:
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 more
Mar 6, 2013
Photo of Lauretta M.
5
By:
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 more
Feb 21, 2013
Photo of Anton C.
5
By:
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!
Feb 16, 2013
Photo of Delorse L.
5
By:
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 more
Feb 15, 2013
Photo of Cory G.
5
By:
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 more
Feb 9, 2013
Photo of Takisha P.
5
By:
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 more
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Jul 12, 2013
Photo of Dexter D.
By: Dexter D'Cruz
I asked that the wife get the Costco Amex since she does most of the shopping. Pleasantly surprised to find a $55 credit in the monthly statement.

AJIA:0001: $55 Statement Credit for 250 dollar spend w/in 92 days of acquisition.
Feb 4, 2013
Photo of Cindy M.
By: Cindy Murphy
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?
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Last updated on: Jul 24th, 2014 at 11:46 EDT