Credit Card Review & Application
- American Express® Card and Costco Membership Card in one — with no annual fee for Costco members
- Cash back on the things you buy: 3% for the first $3,000 in annual gasoline purchases (1% thereafter), 2% for restaurants, 2% for travel, and 1% everywhere else, including Costco
- Rated 4.5 out of 5 stars in overall satisfaction by current TrueEarnings® Cardmembers from Costco and American Express
|Introductory Period:||up to 6 months on Purchases|
|APR on Purchases:||15.24% *|
|Card Issuer:||American Express|
|Card Network:||American Express®|
|Card Category:||Business (Regular)|
|Card Type:||- Co-Branded Card|
- Reward Card
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.
The review prepared by CreditCardsCo™. Opinions expressed therein are solely those of the reviewer.
|Reward Types:||- Gas Reward Cards|
- Travel Reward Cards
- Universal Reward Cards
|Rewards:||- 3% for annual gasoline purchases of up to $3,000 (1% thereafter)|
- Earn 2% 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.
|Online Account Access:||Yes|
|Applied Towards:||Purchases, Balance Transfer|
|Introductory Period:||up to 6 months on Purchases*|
|APR on Purchases:||15.24% *|
|Grace Period:||20 days*|
|Min Finance Charge:||$0.50|
|Late Payment Fee:||$35.00*|
|Over Limit Fee:||$20.00|
|APR Cash Advances:||20.99%|
|Cash Advance Fee:||3.00%|
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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 (Aug 28, 2012). We strongly advise visitors to review the terms and conditions to verify accuracy of the information posted prior to applying for the product.