Credit Card
True Earnings® Business Card from Costco and American Express
- Who is this card for? This card is ideally suited for businesses that:
- Are established, cash flow positive and have an excellent credit history.
- Have revenue in the 6 to 7-figure range that want more flexibility to manage cash flow, purchase materials and handle other business expenses.
- Straight cash back - 4% for annual gasoline purchases of up to $6,000 (1% thereafter), 3% for restaurants, 2% for travel, 1% everywhere else, including Costco
- 0% introductory APR on purchases for the first 6 months
- No annual fee with your paid Costco Membership
- Flexible payments - pay in full or over time
- No annual fee for Additional Cards
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| Intro APR: | 0%* |
| Intro Period: | up to 6 months on Purchases |
| APR: | 15.24% * |
| Annual Fee: | $0.00* |
| Issuer: | American Express |
| Card Network: | American Express® |
| Card Category: | Business (Regular) |
| Card Type: | - Co-Branded Credit Card - Reward Card |
| Credit Needed: | Good* |
TrueEarnings Business Credit Card from Costco is intended for Costco members running a small to medium scale business. It offers a cash back reward program for coupon which could be redeemed for a preferred item.
A short term introductory APR period charges no interest on purchase transactions. Balance transferred from other credit cards will be included in this intro period over a mid term period. Cash advances incur a 5% transaction fee.
Card members are not required to pay an annual fee. Additional cards are available for business employees on request.
Online account management lets business owners monitor expenses. Online management provides paperless statements which are useful for budgeting and taxation purposes.
Auto rental insurance comes at no extra cost. Business owners who rent a car from a participating rental company will no longer become liable in case of damage, loss or theft of the car rented. Unauthorized internet transactions incur zero liability on the card member.
Card members earn automatic membership into OPEN Savings from American Express. Under this program, business owners using American Express business cards will qualify to receive up to 25% discounts on purchases at participating merchants and retailers. Another internet related service for business owners forms a community through which fellow business owners come together to share experiences and ideas or create partnerships with one another.
Business owners are rewarded on almost every purchase they make. Gas purchases earn 4% cash back, restaurant expenses earn 3% cash back, while travel expenses earn 2% cash back. All other eligible purchases including those at Costco earn 1% cash back. Rebates earned are redeemed using an in-store coupon card. There's no yearly limit to restrict card members from earning as much rebates. Coupons must be redeemed within the notified expiry date.
Members may qualify for discount purchases at select retail outlets.
The TrueEarnings Business Credit Card from Costco is designed to suit those business owners who are also members of Costco. Lower purchase interest, intro rates, no annual fee and a rewarding cash back program could be what you need to build and purchase everyday business needs.
This credit card comes on the American Express network.
Disclaimer: This content is not provided or commissioned by American Express. Opinions expressed here are author’s alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express.
| Reward Types: | - Gas Reward Cards - Travel Reward Cards - Universal Reward Cards |
| Reward Unit: | Cash |
| Rewards: | - 4% for annual gasoline purchases of up to $6,000 (1% thereafter) - Earn 3% cash back for eating out - Earn 2% cash back for traveling - Earn 1% cash back for everywhere else, including Costco The rebate will be awarded each year in the form of an in-store coupon. In-store coupons must be presented at a U.S. Costco Warehouse prior to the expiration date stated on the coupon. |
| Yearly Limit: | None |
| Online Account Access: | Yes |
| Introductory APR: | 0%* |
| Applied Towards: | Purchases, Balance Transfer |
| Introductory Period: | up to 6 months on Purchases* |
| APR on Purchases: | 15.24% * |
| Annual Fee: | $0.00* |
| Grace Period: | 20 days* |
| Min Finance Charge: | $0.50 |
| Late Payment Fee: | $35.00* |
| Over Limit Fee: | $20.00 |
| Balance Transfer: | No |
| APR Cash Advances: | 20.99% |
| Cash Advance Fee: | 3.00% |
| Minimum Fee: | $5.00 |
| Apply Now |
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† The information provided for True Earnings Business Card from Costco and American Express is believed to be accurate at the time of evaluation (Jun 30, 2010). We strongly advise visitors to review the terms and conditions to verify accuracy of the information posted prior to applying for the product.
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