TrueEarnings® Card from Costco and American Express

costco american express
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Info about the TrueEarnings® Card from Costco and American Express has been collected by CardHub to help consumers better compare credit cards. The card issuer did not provide the details.
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TrueEarnings® Card from Costco and American Express’ Rewards

Base Earn
Max Earn
Earn / Redeem Limit
  • Earn 3% Cash Back at US gas stations and on gasoline at Costco up to $4,000 per year in purchases, then 1%
  • Earn 2% Cash Back on eligible travel purchases, including at Costco, and at US restaurants
  • Earn 1% Cash Back on other purchases, including at Costco
  • Receive your Cash Back annually in the form of a reward coupon

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

Purchase Intro APR
0% for 6 months
Transfer Intro APR
Not Offered
Regular APR
15.24% (V)

TrueEarnings® Card from Costco and American Express’ Additional Info

  • MAX LATE FEE   $38
  • MAX PENALTY APR   27.24% (V)
  • GRACE PERIOD   25 days
    25.24% (V)
    3% (min $5)
  • SMART CHIP   Yes, chip-and-signature
  • Travel benefits: Car Rental Loss and Damage Insurance, Travel Accident Insurance, Roadside Assistance Hotline and Global Assist® Hotline
  • Entertainment Access: Find discounts and pre-sales to sporting events, concerts and more. Plus, enjoy access to Card Member-only events
  • Shopping benefits: Extended Warranty, Purchase Protection and Dispute Protection
  • No annual fee for this credit card with your paid Costco Membership

Customer Questions and Answers

Don't see what you're looking for? Submit your question about TrueEarnings® Card from Costco and American Express to our community.

Can I use a costco Am Ex card to purchase things in other stores? What about Canada?

0 Votes

Do I need to keep a balance, or do anything other than use my card for purchases, to get the $55 credit?

-1 Votes 1 2

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?

-1 Votes 1
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Customer Reviews

Share your insights and review the TrueEarnings® Card from Costco and American Express.

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4.0 out of 5

783 reviews
Photo of Sean L.
Aug 27, 2015
This TrueEarnings Card has a really good cash back system. You can receive quite a lot of money back if you shop at Costco often, a lot more than my current credit card! Another thing I like about the card is all the travel bonuses you get from it. Unfortunately I think the cash advance rate is a bit high.
Photo of Caleb E.
May 21, 2015
I like the fact that the TrueEarnings Card from Costco and American Express offers 3% cashback at gas stations. As someone who lives in a rural area where driving is required frequently, this benefit is very advantageous. However, I prefer my PayPal Extras Mastercard, as it gives a 3% bonus on restaurant purchases, while this card only gives 2% cash back at restaurants.
Photo of James G.
May 5, 2015
The True Earnings Card from Costco and American express offers some real perks in terms of getting a good cash back rate with certain purchases, like buying gas at Costco and eating out. Unfortunately though, unlike with some other cash back credit cards I've had before, you don't earn cash back on all purchases. Also, while the APR for his card isn't too high, the max penalty APR is a little steep. Overall though this is a very solid card if you shop at Costco at all.
Photo of Christine O.
Apr 30, 2015
American Express/Costco rewards card is great AND if you can't spent all of the rebate money, you get the change in cash. Big big plus---the security and customer service. AMEX has been responsive letting me know about credit card fraud and correcting my statement when unauthorized charges show up. The representatives were very helpful.
Photo of Ian G.
Apr 20, 2015
The best part about this credit card is the rewards program. It is absolutely awesome. A minimum 1% plus 3% on gas and 2% on restaurants is a great deal, although they could be better (increasing the rewards limit from $4000 to unlimited would be nice!). Also, this card has a high APR so be sure to stay on top of your bills. Also, if you are a frequent Costco shopper, this card is great since Costco only accepts AMX. Get rewarded for shopping at a place you already enjoy shopping. It's definitely worth to sign up.
Photo of Jenn S.
Apr 16, 2015
The American Express Costco card was a decent card to have for Costco members but now Costco has switched to only accepting Visa cards. The card has no annual fee if you are a Costco member. The rewards are decent at 3% on gas, 2% on restaurants and 1% on all other purchases but there are better rewards cards available now. The rewards are also only paid out once a year in contrast to cards like the Capital One Quicksilver where you can redeem rewards at any time and your rewards are credited as soon as the transaction is posted.
Photo of George A.
Apr 2, 2015
The Costco Branded AMEX Card has been my primary car for years, thanks to its great rewards program, and of course the services provided by American Express.

There is no standard American Express annual fee, but there is the standard Costco annual fee. For those that normally shop at Costco that equates to receiving all of the American Express services at no additional charge.

For those who travel, drive or eat out frequently, the 2%/3% rewards quickly add up, while everything else still collects 1%. For some reason that I find hard to understand, Costco purchases earn only the minimum 1%, however.

The only downside to the rewards program is that rewards are more
Photo of Sonal G.
Apr 1, 2015
I have been an American Express customer ever since I was in undergrad and allowed to have a credit card. I do think the card and the perks related to the card is great. You get a certain percentage back on purchases and then about every February you get a check which you can redeem at Costco for cash. It acts as a 2 in 1 type of card because your picture is in the back of the card and it acts like an ID as well. The only problem I had with this card was the fact that even though it has my picture on the card, just recently, more
Photo of Patty G.
Apr 1, 2015
I absolutely love the True Earnings card! Costco and American Express are two of my favorite and reputable companies so I was delighted when they came out with a joint credit card. I love that this card is a 2 in 1 and serves as my Costco membership card so I don't have to deal with the hassle of carrying 2 separate cards in my wallet. Also there is no annual fee and 0% interest on purchases for the first 6 months! The best part is that you earn cash back! The only drawback I could find is that they only offer 1% cash back on other purchases like clothes more
Photo of Katie E.
Mar 23, 2015
I applied for my American Express Costco card at the same time I purchased my Costco card. The credit approval was immediate, which I was happy about because that meant I could get both my Costco card, and my AMEX card at the same time. I love that the AMEX card gives you generous Costco rewards, especially since I also use the Costco near my house for gas, so in addition to good quality gas, I also know I am receiving rewards at Costco. I also like that the AMEX card is international. I was able to use it several times while vacationing in Mexico. I can not even think more
Photo of Christine W.
Mar 19, 2015
Thank you so much for forfeiting your relationship with Costco (side comment: is the person who screwed this up still working for you?). My husband has been a loyal customer of yours for 30 plus years. Your card benefits have not kept up with the industry. Looking forward to new possibilities. But thanks for the wonderful trips we enjoyed with your former customer loyalty program. We have been using your card almost exclusively for the last 30 years. Your points got so stingy we have resorted to paying part of our bill with customer loyalty program. Hope it all works out for your company. Had many great trips with your more
Photo of Ritu C.
Mar 17, 2015
the TrueEarnings Card from Costco and American Express is a great credit card as by this you get the Costco membership for free i mean there is no annual fee for it and trust me Costco is my favorite store. the plus point of this card for me is i like to travel a lot and this card provides 4% cash back at the U.S. gas station. this card provides other rewards also like 2% CASH BACK at restaurants and on purchase travel. the only down side of this card for me is it only accept american express card so i have get that too but overall i m happy more
Photo of Alissa K.
Mar 2, 2015
The TrueEarnings Card from Cotsco is a great credit card that brings together everyday life purchases and incorporates one of my favorite stores, Costco. One of the reasons I got this was because Costco only accepts AMEX, which is a little disappointing because I felt pressured to get an AMEX card. Other than that reason, I really enjoy the 3% off on gas, which offers me a lot of savings outside of Costco. It's a great choice for someone who enjoys shopping at Costco and getting the extra benefits of gas savings!
Photo of Cobra M.
Feb 15, 2015
When I first got this card from Costco I didn't think I could do much with it. But when I started using it as my fuel card I started to realize maybe I was wrong. This card is very easy to use. The only problem that it has is that there is no smart chip inside it so, its not that secure.
Photo of Quincy L.
Feb 13, 2015
Back in 2009 I signed up for a TrueEarnings card from Costco/American Express. I did this mainly because I love to shop at Costco and they only accept American Express plus I wanted the rewards. Overall, I liked the card because the rewards are good (3% cash back at gas stations, 1% for other purchases) but one thing they don’t tell you is that you don’t earn points for anything bought at Costco (including their very cheap gas). So I actually switched over to the American Express’ Blue Cash Everyday card, which has better rewards and I like it much better.
Photo of Luis S.
Feb 6, 2015
No annual fee. 3% back. Win
Photo of Billy S.
Feb 3, 2015
I truly like this card as I am an avid shopper at Costco. Getting the security benefits, customer service aspects and general feeling of American Express with the added Costco membership is just a double plus in my book. The cash back rewards are awesome for larger families who do a lot of shopping in the big box store. I have had a normal American Express for years, which I have enjoyed very much. But when I realized I could combine the two cards and cut down on space in my wallet, and enjoy the benefits each has to offer at the same time, I was immediately hooked into signing more
Photo of Jordan H.
Jan 16, 2015
The True Earning's card from Costco and American Express offers great benefits for signing up for the card. You start off with a 6 month 0% interest on purchases. In addition to that you can also receive cash back for gas purchases and restaurant visits! In addition to that you also receive Costco Membership with your card. Overall this is a great card to have for general item shopping and for long term purchasing power and spending.
Photo of Jesse G.
Dec 23, 2014
Whats not to like about cash back? The TrueEarnings card from American Express offers better cash back rates than my current NFCU card and I like that a lot. What I don't like about this card is that the rewards are only paid out annually, and in the form of a coupon. With my current card I can transfer my rewards directly to my savings or checking account.
Photo of Olyvia L.
Nov 18, 2014
This is an average card. I only got it because Costco does not accept any other cards besides AMEX. I do like that no annual fee is charged. Anytime I have had to contact representatives regarding payment issues, they have been very helpful about waiving any interest or late fees charged.
Photo of Xael M.
Nov 17, 2014
The TrueEarnings card caught my eye!

0% intro rate for 6 months on purchases, a great rewards program, a membership to CostCo, and the list goes on. Unlike the Citi/AAdvantage card, the TrueEarnings card gives you a longer grace period AND there's no annual fee. In my opinion, it's simply a no brainer.
Photo of Juergen L.
Nov 5, 2014
Although the concept for this card sounds great you are dealing with American Express. I wish Costco would not have teamed up with this company and would also not force their customers to sign up for American Express. Card benefits with other cards are much better - plus you don't have to deal with American Express.
Photo of Stanley K.
Feb 26, 2015
Amex customer service is great. Rather deal with amex than other credit card compaNies.
Photo of Gary W.
Nov 4, 2014
This card has great benefits if you can meet the credit rating requirement. It is very convenient to have the card be your Costco membership with no fee and also get cash back, although you only get the cash back once a year and the "reward coupon" need to be explained.
Photo of Rebecca H.
Oct 8, 2014
I really love this card. I just applied for it when I applied for my Costco membership. The reasons I love this card: It is accepted almost everywhere, just like my Visa card. It has a great rewards points system, even though people without the best credit are eligible to use it. There is no annual fee, which is always a bonus. Also, the online web payment system is very easy to use and I like it much more than the systems I have used for other cards. The final reason I love this card is that it is possible to get a very high credit limit even though I more
Photo of Kristine T.
Jan 16, 2015
whats the credit limit on your card?
Photo of Brenda F.
Oct 8, 2014
This card is convenient because it is my Costco membership card and credit card. I also like that I get rewarded from Costco AND Amex at different times of the year
Photo of Michael S.
Oct 6, 2014
The TrueEarnings Card (from Costco and American Express) is a major part of the reason I began my membership at Costco. It's been about a year since I started, and I've already got a bunch of reward points. My last card had a very low annual fee, but the TrueEarnings card has NO annual fee, and that is a wonderful thing. The APR isn't great, but there's a 25 day grace period, which saves a lot of headaches. Plus, it saves money on gas. That's huge right now with the sky-rocketing oil prices.

Basically, what we have here is an awesome incentive to use the already great values that come along more
Photo of Joe D.
Jul 24, 2014
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
Photo of Jason T.
Jul 3, 2014
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.
Photo of Cassi J.
Jun 24, 2014
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.
Photo of Kevin L.
Jun 11, 2014
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
Photo of Kristine O.
May 14, 2014
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.
Photo of Lisa A.
May 1, 2014
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.
Photo of Carly R.
Apr 30, 2014
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!
Photo of Mel P.
Apr 18, 2014
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
Photo of Robert M.
Apr 18, 2014
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
Photo of Evan P.
Mar 26, 2014
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
Photo of Vadim A.
Mar 3, 2014
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.
Photo of Aaron A.
Feb 27, 2014
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.
Photo of Virginia F.
Apr 1, 2014
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.
Photo of Liz R.
Feb 19, 2014
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.
Photo of Aleja S.
Feb 17, 2014
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!
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Last updated on: Oct 7th, 2015 at 9:25 EDT

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