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The TrueEarnings Card from Costco and American Express Review: Credit Card |
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| 3% cash back for gas & restaurants, 2% travel, 1% everything else; great for Costco members & others | |
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The TrueEarnings Card from Costco and American Express is exclusively available to Costco members and richly rewards cardholders with up to 3% cash back on purchases with no minimum spending amount to reach that level and no earnings limit. There is no annual fee with your paid Costco membership. If you are not currently a Costco member, you can sign up and apply for your TrueEarnings Card at the same time, and your TrueEarnings Card will also serve as your Costco membership card. A standard Costco membership is $50.00 per year. You'll earn 3% cash back on gasoline purchases, 3% cash back at restaurants, 2% cash back on travel purchases and 1% cash back on all other purchases including at Costco. Unlike some other cards, there is no spending tier you must hit to start earning these generous cash back percentages. One key point here is that just about every other cash back card pays a lower cash back rate than they list for purchases at 'warehouse stores.' With the TrueEarnings Card, you will really get your 1% cash back for those Costco purchases. Your cash rebate will be issued annually as a coupon, which can be redeemed for cash or merchandise at any U.S. Costco warehouse. There is no limit on how much cash back you can earn. You'll also receive a $25.00 statement credit after making your first purchase with your TrueEarnings Card. There is a 0% introductory purchase APR for the first six months and a 15.24% purchase APR thereafter. The APR for balance transfers is also 15.24%, with no introductory period and no fee.
With no annual fee, a generous gas and cash back rewards program and a bonus $25.00 statement credit, the TrueEarnings Card is an excellent option for anyone who already has a Costco membership. In fact, the benefits of this card are so good that it would even make sense for certain people to purchase the Costco membership for the sole purpose of getting the card. |
Service Details:
| APR: | 15.24% (0% for first 6 months) |
| Features: | 3% for gas & restaurants; 2% for travel; 1% for everything else including Costco; $25 credit after first purchase |
| Annual Fee: | None (with paid Costco membership) |
| Credit Needed: | Good |
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