TrueEarnings® Business Card from Costco and American Express

TrueEarnings® Business Card from Costco and American Express

TrueEarnings® Business Card from Costco and American Express
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Annual FEE: $0
APR: 14.990%
Intro Rate: 0.00%
Intro Period: 3Months
Card Type: Business

Key Benefits
  • Straight Cash Back - 5% for Buying Automobile Gas, 3% for Eating Out, 2% for Taveling, 1% Virtually Everywhere Else, Including at Costco
  • No Limit to the Amount of Cash Back that Can be Earned
  • 0% Introductory APR on Purchases for the First 3 Months
  • Rebate Awarded Annually in the Form of an In-Store Coupon Redeemable for Merchandise or Cash at Any U.S. Costco Warehouse
  • No Annual Fee with Your Paid Costco Membership
  • No Annual Fee for Additional Cards
  • Flexible Payments - Pay in Full or Over Time
  • Save an Additional 3-25% on Business Purchases at Companies Like FedEx®, Delta®, Hertz®, and More

The TrueEarnings® Business Card from Costco and American Express is designed for business owners that are Costco members, have average credit and plan to take advantage of the cash back reward program.

The cash rebate amount varies according to where the cardholder makes the purchase; 5% is earned for gasoline purchases; 3% rebate for restaurant purchases; 2% rebate for travel purchases; and 1% rebate on all other purchases including Costco purchases. There is no limit to the amount of cash rebates that can be earned. Rebates are awarded annually in the form of an in-store coupon redeemable for merchandise or cash at any U.S. Costco Warehouse

In addition to the cash rebates, the card does provide several benefits and services that are commonly found with American Express® credit cards, such as purchase protection, auto rental insurance, and travel accident insurance.

The card has a high interest rate for purchases and balance transfers (for a business card), and it is not ideal for those who plan to carry a balance on the card, even when considering the cash back rebates. There is no annual fee with a paid Costco membership, and cardholders can take advantage of the 0% introductory offer on purchases for three months and the very low balance transfer offer for six months on balance transfers made within the first 40 days of membership.

Therefore, those who plan to spend at least $5,000 a year on the card and plan to pay in full each month after the introductory rate expires (to avoid finance charges) will benefit most from what the TrueEarnings® Business Card from Costco and American Express has to offer.

Notations:
To apply for the card, the applicant must have a paid Costco membership. Card not available to Puerto Rico residents. See website for complete terms and conditions of card usage and application disclosure.

Last Updated:
2008-09-22 00:00:00