Costco Credit Card Review

Posted by CreditCardGuru

March 2015 update: Costco has announced that its relationship with American Express will end March 31, 2016. Beginning April 1, 2016, Visa will become the network for its stores, and Citi will issue its co-branded cards. In the meantime, our review below explores the card’s current terms and benefits.

If you belong to Costco as either a Gold Star or Executive Gold Star member, you’ve probably been strongly encouraged to apply for a Costco TrueEarnings credit card from American Express, a CreditCardForum advertising partner. But is the card worth getting?

When I first joined Costco, I held off on the TrueEarnings card for the simple reason that store-affiliated cards are usually a sub-optimal deal at best and a terrible deal a lot of the time. But once I researched it, I realized that this card offers a beneficial program — for those who already happen to be Costco members, that is. For others it would make no sense at all. Here’s how the AmEx TrueEarnings Costco card could potentially save you money:

  • 3% cash back at U.S. gas stations for up to $4,000 per year in purchases. After that, you earn 1 percent back – Let’s face it, the last time gas was truly cheap was… well, who can remember that far back? With this card you get a full 3 percent rebate on the first $4,000 spent annually on fuel purchases for your car (and 1 percent after that). That’s like getting a 12 cent discount per gallon when gas is $4.
  • 2% cash back at U.S. restaurants – There are very few credit cards on the market that give higher rewards for dining out — and some of the ones that do give it for only a few months out of the year. This card gives you an unlimited 2% at restaurants all year long.
  • 2% cash back on eligible travel purchases, including at Costco – You get an unlimited 2 percent cash back on eligible travel purchases, such as airfare, hotels, cruises, car rentals, travel booking services, tour operators, etc. Remember: Most airline credit cards (with a hefty annual fee) typically give only around 2 percent rewards and that’s only on their associated airline. With this credit card from Costco you are getting 2 percent regardless of the company you’re buying from. That means you can compare prices, plan the itinerary that’s best for you and still get extra rewards, without being restricted to a certain airline or hotel.
  • 1% cash back on other purchases, including at Costco – Other purchases will earn you 1% cash back, including your shopping at Costco. That’s the go-to cash-back rate for most rewards cards on the market.

With this rewards structure (which focuses on common, easy-to-hit spending categories), even the average person might earn hundreds of dollars per year. In fact, I know a married couple in Michigan that are by no means big spenders (an elementary school teacher & nurse) and last Christmas they were telling me how with their regular middle-class spending, the Costco credit card rewards program earned them nearly a $500 rebate for the year!

Other TrueEarnings benefits…

As if the rewards program wasn’t reason enough to apply, the American Express Costco card also gives you a number of cardmember benefits – at no additional cost – on qualified purchases. Consult issuer for terms and restrictions.

  • Extended Warranty – AmEx will automatically double the original manufacturer’s warranty coverage, for up to one full additional year, on eligible purchases that come with a manufacturer’s U.S. warranty — as long as that original warranty is for five years or less.
  • Purchase Protection – Ever accidentally damage something within 90 days of buying it or had it stolen? If either of those things happens on an eligible purchase, you can be reimbursed for up to $1,000 per eligible occurrence, excluding shipping and handling, up to $50,000 annually per credit card account.
  • Ticket Savings Center – You get access to concert and event presales, preferred seating, and discounted tickets for select shows.
  • Two memberships in one card – The Costco credit card will serve as both your Costco Membership card as well as your American Express card, so there will be no need to carry around both.

And not only will you be getting cash back rewards on travel, but also these travel-related benefits…

  • Travel accident insurance – This benefit offers up to $100,000 in coverage in the event of dismemberment or accidental death during eligible travel. Consult the full cardmember documentation for details, exclusions, etc.
  • Car Rental Loss and Damage Insurance – This benefit provides secondary coverage for both collision and theft of your eligible rental vehicle. Exclusions apply for cars with an original MSRP above $50,000, as well as certain types of vehicles. See your cardmember contract for exact details.
  • Global Assist Hotline – Whenever you are more than 100 miles from home and encounter an emergency, this hotline is here to help and it won’t cost you a dime. For example, let’s say you get injured in a foreign country and need advice finding the right doctor. Or you wind up in a legal bind in a country where you don’t speak the language. Or your bags, passport and money are stolen. Whatever the problem may be, this special helpline is available 24 hours a day to assist cardmembers.

What’s the annual fee?

The Costco TrueEarnings credit card’s annual fee is zero. As long as you are a basic Gold Star or executive Costco member, there is no annual fee for this credit card. If you want a no-annual-fee cash-back rewards card and shop at Costco this card probably deserves a place in your wallet.

If you are not a Costco member and would like to join, when you apply for the credit card offer below you can sign up for a Costco Gold Star membership (which is $55 per year by itself, so if you get the card the annual fee covers this annual store membership fee).

This content is not provided by American Express. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by American Express.

Updated March 2, 2015

98 comments... read them below or add your own

  1. Sean March 18, 2015 at 12:18PM

    im Just curious if I will still be able to use my Amex platinum card at Costco…. I already have the Costco executive membership where I get 2% back anyway there but I love my Amex points I get from my 8k plus I spend a year at Costco… I don’t understand people’s clomplaints about APR just pay the bill off that’s the o oh way you benefit from Costco anyway or any store you shop at no matter the interest rate. I don’t own a MasterCard or visa after I had so many fraudulent charges happen on my accounts… This will def be a deciding factor whether I keep my purchases at Costco or switch over to Sam’s Club.

  2. Rose March 10, 2015 at 9:36AM

    I understand that Costco will be using Visa when they leave AMEX. Will I be able to use my Chase Visa, or will be a special Visa?

  3. Steve March 2, 2015 at 1:54PM

    “I know a married couple in Michigan that are by no means big spenders (an elementary school teacher & nurse) and last Christmas they were telling me how with their regular middle-class spending, the Costco credit card rewards program earned them nearly a $500 rebate for the year!”…which means they spend $16,666.00 a year in gas purchases (the only way to get $500 back at a 3% rebate)

    • Rick March 13, 2015 at 5:05PM

      My check this year was in the mid 500′s. I am retired and my wife is a teacher. We use the card for everything, spending about $4,000. month. we pay it every month and never keep a balance. So, please go back and read again what you can get rebates for. It’s way, way more than just gas. I’ll miss that card a lot.

  4. Carol Oser March 1, 2015 at 4:17PM

    When the annual reward check arrives, you do have to redeem at a Costco location. However, it doesn’t need to be spent there. I usually buy something & take the balance in cash.

    It has been a good experience for me. I hope that AMEX & Costco can find a way to continue their relationship.

  5. Ryan February 18, 2015 at 11:34AM

    I literally signed up for the Costco AMEX a few hours before this announcement. I hadn’t signed up a new card in over 5 years but was persuaded into applying. My main concern is the AMEX Annual Fee; What will happen to that annual fee when Costco and AMEX split ways?! Has anyone heard what will happen with the Annual AMEX Card Fee? I will be very upset if that fee gets passed onto Costco members when they stop accepting AMEX. I don’t want to have to cancel the card to avoid the annual fee either as I’m very conscience about my credit score.

    • Ken February 21, 2015 at 10:42AM

      Hi Ryan, I already have the card, and have talked to AMEX. Effective March 31, 2016, the account will automatically close, you will not need to request it Just prior to that date, they will offer you alternative cards if you want to stay with AMEX. The Costco AMEX card will no longer be good anywhere after that date. If you have a balance at that time, you will still be able to make the normal payments as usual. You will not need to pay the balance in full at that time. There ya go!

  6. Charles February 3, 2015 at 6:01PM

    When COSCO drops AMEX, they will gain a new customer.

    I have NEVER had an AMEX card, but was billed something over $500 for my expenses in England. HAd never visited England and ignored the forst bill. Received a second bill, so I responded that it could not be my charge. The third bill suggested legal action if I didn’t pay up, then a threatening letter.
    I threatened back that I would sue for a million dollars for harassment and defamation.
    No more bills.

  7. Dave January 5, 2015 at 8:14PM

    Costco is not that great of a store nor is it wise to shop there. Amex is and always has been a terrible card to have.

    • Cameron January 25, 2015 at 3:34PM

      Nice job leaving a comment that will be useful to those that read it, instead of a personal opinion with no evidence provided to support your conclusion. C’mon man.

    • John February 23, 2015 at 10:29AM

      You’re right, you shouldn’t shop there unless you want to save money on most products. And the Amex card is worthless unless you enjoy getting hundreds of dollars back at the end of the year.

  8. Ray Fortier October 25, 2014 at 3:57PM

    Recently Canadian Costco members were advised by Costco that the AMEX card they now have with member identification will no longer be recognized after January 1 2015. They go on to say the card will not be honoured at US Costco outlets either. For Canada they invite you to apply for a Capital One card sponsored by Mastercard. This card will recognize Canadian Costco rebates and any stand alone rebates the card is sponsoring at the time. This card will not be recognized at any Costco outlet outside of Canada. It goes on to say you will be able to use the card for identification purposes to enter Costco but credit will only be extended to the valid card of the day. As Costco has several international outlet facilities it is my understanding that to have credit at these outlets you need several cards to do so. This is a major phoopaw by Costco as the customers for the most part don’t want to be encumbered with several different cards just for the privelege of shopping Costco. As it is I shop at Costco in Canada, the USA, Austrailia and Great Britain without compromise of my AMEX card as it seems to be universal. As of January 1,2015 that will no longer be the case. Come on Costco get your dung together.

  9. John September 27, 2014 at 11:19PM

    This review does not state any of the negatives associated with this card. Yes, it’s great to get all the % cash-back…but its not really cash back. A check is sent once a year, which can be only cashed or used at Costco. If one cancels the card, all the accumulated cash back is forfeited.

    Also, the interest rate of the card is 15%+, and if one misses a payment or is late with a payment, the APR rockets to 28%!

    The key point this reviewer missed is that the user of this card needs to pay the balance in full before the due date to avoid the 15% finance charge.

    As with everything, there are positives and negatives.

    I would have liked to see this review bring up some of the negatives.

    Almost all credit companies offer cash-back (true cash back, not a Costco rebate.) Discover Card offers equal or better “true cashback”.

    This is not a good choice for a credit card.
    Especially if one carries a balance from one statement to the next.

    • amanda October 10, 2014 at 2:11PM

      While you must be a member of Costco to take advantage of the amex cash back rewards, you can take the check to costco and cash the check without purchasing anything. The reward dies not have to be spent at Costco. The 15% is the standard interest rate, after approval you can call amex and negotiate a different interest rate based upon your credit.

    • dan February 21, 2015 at 10:45AM

      I must say you have pointed out some very true negatives. If you are not able to pay off the balance each month perhaps you need to live more modestly as you are exceeding your means. John wrote: “Especially if one carries a balance from one statement to the next.” These are the very people who should not be using credit cards to chase rewards- with respect to their finances.

    • Larry March 12, 2015 at 2:27PM

      If you already pay your balance off every month it is definitely worth it. I don’t like Amex so I never got the card. As a result I use my debit card in Costco. So I am always paying my balance. That being said, if the new Visa offers the same type of deals it would be worth it to get one as long as you pay your balance off each month.

  10. Marty September 22, 2014 at 3:29PM

    Will I be able to purchase a Costco membership without a Capital One credit Card?

  11. Manuel September 2, 2014 at 11:22AM

    Costco is no longer taking Amex applications. They will stop taking AMEX altogether as of Dec 31 2014 in CANADA… AMEX will issue new card to existing CANADIAN COSTCO True Earnings and Plat Costco cards… yes.. .you’ll still have to pay off your balance… COSTCO ended the relationship..

    • WiseMan September 4, 2014 at 6:11PM

      How do you know Costco ended the relationaship? Perhaps Amex ended it? Perhaps they mutually failed to come to terms on a new agreement? Only the negotiators from either side know for sure?

      • Zod September 5, 2014 at 2:04PM

        Negotiations to renew the agreement between the companies broke down, and Costco Canada pulled all of the marketing material immediately bcd in June 2014. All they told staff was that an announcement would come in the Fall.

        Apparently the new affiliation was due to be announced on Sept 2nd, but was held back. The warehouses apparently already have all the new marketing materials in the warehouse, wrapped in Black, so staff still doesn’t know whats going on.

        Mark my words, a new player is entering the Canadian Credit Card landscape.

        Thus far, this change is only in Canada, US warehouses are still accepting and promoting AMEX. As of January 1st 2015, Costco Canada will no longer accept American Express, and you will not be able to use your Canadian TrueEarnings Amex in US Stores. It also don’t appear that the new card company will be acquiring the existing TrueEarnings card accounts. American Express will likely just do a product change for card holders in the coming months.

      • Jonathan Price February 17, 2015 at 5:46PM

        Several news outlets have reported that AMEX refused to lower the swipe fee to less than 2.47% that AMEX was charging Costco. Visa and MasterCard charge WAY LESS than that to ALL MERCHANTS worldwide, so Costco is basically saying goodbye to AMEX in order to take advantage of lower swiping fees.

    • Eric October 18, 2014 at 3:43PM

      I’m not sure where your info is coming from. I applied for a Costco Amex last week when applying for a new membership. Card came in the mail today – I just activated it.

  12. Kiks July 31, 2014 at 4:26PM

    Is it possible to apply for this card without any credit check required?they only ask for my details but they did not ask for my SIN card and got approved?

  13. Mike July 27, 2014 at 12:52PM

    Costco confirmed this morning that they are no longer taking applications for this card. No comment on why or if a replacement will be available.

    • Walter July 29, 2014 at 9:15AM

      Both cards promoted by Costco during past membership were the most aggressive of all our credit cards in debt collection, Discover and American Express. I explained changed circumstances beyond our control and the Discover card representative simply threatened me rather than offering any adjustments. After that I never even spoke with other credit card companies and will never again use any unsecured credit for the rest of my life.

      I suspect Costco has stopped with the card simply for too high a loss rate given the main use for most customers is the recurrent grocery shopping for which Costco offers the best prices, but which is also often the final use of any credit card before default and bankruptcy, since buying regular groceries on credit is a general indicator a person and/or family cannot pay out of current income. Until Costco offered an Amex Card I avoided Amex because of its reputation for unpredictable credit limits and abrupt changes in interest rates and cancellations on trips when it had no specific credit limit. In this case though AMEX might simply be a credit transaction processor for Costco, so you should ask Costco about this trip. Costco’s primary source of profit is the annual membership fee I have read.

    • Mikey August 11, 2014 at 6:19AM

      I applied in store yesterday with no problems. There were several others doing the same. Temporary retool perhaps.

    • Max February 16, 2015 at 11:57AM

      I just joined Costco on 2/13/15, applied for the Amex card and everything was done on the spot. Accepted and used on the same visit to the store.

  14. glen July 18, 2014 at 3:18PM

    Beware of applying for this card. I have been a costco member for over 15years and added American Express over 10 years ago. I have good credit and never late on my payments. I used this card for everything totally relied on this card (never again) and would pay it in full every month. I considered myself a great customer. While on vacation American express cut me off because my costco membership was expired. And although I explained I was traveling and would take care of membership in 2-3 days and I needed to have card active for a few more days explained I was traveling with kids, and no other form of payment. They would NOT give me the few days I needed. My travel was cut short! What happen to customer service!

    • Jeremy November 22, 2014 at 5:43PM

      Similar story here as well Glen.

  15. Toni June 6, 2014 at 11:46PM

    Just a wild guess here, but perhaps the rebates etc are not actually free. You should assume that AmEx/Costco are gathering information about you with every purchase and selling it to every marketing organization in the world. Are you buying drugs for some condition that you don’t want your insurance company to know about? Now they know! Are you buying diapers? Many marketers want to know. Your purchases indicate your age, sex, income level, family size and much more. Consider using cash if you value your privacy- Costco still knows who you are at the checkout counter, but maybe AmEx doesn’t.

    • Thomas June 26, 2014 at 1:08AM

      Data mining has always been part of any retail/warehouse store. It is not something that is new. The information gathered are used for inventory and which product and services sells more on this geographic location or on that geographic location. Don’t you know those information you mentioned are needed by businesses to provide a certain geographic area with needed and wanted products or services?

    • WiseMan September 4, 2014 at 6:00PM

      Can you say “Paranoid” lol

  16. Michael June 1, 2014 at 10:41AM

    I have had a Costco American Express for 2 years. When I signed up they gave me a credit limit of 10,000 which I thought was a little crazy, but I knew I would never come near to that. I have had a high balance of up to 3500 at times. I have always paid my payment on time with the exception of one payment being 1 day late. I have a very good credit report with a credit score of 750. No negative reports. Well, American Express has just cut my limit to 3700 which now makes it look like I have maxed out the credi card. Which looks bad on my credit report. I called and the answer was to send them a w2, a recent pay stub, and a copy of my 401 k statement if I want to appeal it. Really? Funny, when they gave me a 10,000 limit they didn’t require any of. This. I will pay off this card, spend 20.00 a year on it and pay that off right away. This company is a joke. Beware!!!

  17. Jim May 13, 2014 at 1:06PM

    I just received my first Costco AmEx card bill, and in the section titled: Reward Details, a table lists “U.S. Gas Stations”, “U.S. Restaurants”, “Eligible Travel Program”, and “Other Eligible Purchases”. I was credited with $49.00 in “Qualified (gas) Spend”, and was given a 3% Cash Back Reward, amounting to $1.47. However, my bill lists only one gas purchase, in the amount of $55.00. Similarly, I was credited with $33.00 “Qualified (restaurant) Spend”, and was given a 2% Cash Back Reward, amounting to $0.66. However, my bill lists a total of six restaurant charges (including I-Hop, Ruby Tuesday, a local diner and 2 hamburger joints – all of which are clearly restaurants), for a total amount of $217.15. But none of the restaurant charges were for $33.00. I read the small print on my bill and the AmEx True Earnings website to look for an explanation of how reward benefits are derived, to no avail. Can someone explain this to me? Is it incumbent upon the card holder to identify gas and restaurant purchases, or is the a list of “approved/qualifying” gas stations and retaurants somewhere?

    • karalynn August 12, 2014 at 2:48PM

      Not sure about your statement, but mine clearly reads that the rewards detailed on the statement are from previous billing periods and that rewards based on purchases that show on the same statement won’t be applied until at least the minimum payment is received and not late. I haven’t checked one month against the previous yet to see but that made sense to me. Guess I will check a couple months together and see what I come up with, but anyway, that explains the above comment I think.
      Also, rewards should be eligible based on the type of business that’s charged – the automatic category that comes with the charge. I will look more closely at my statements and see if only major oil company gas charges have been eligible but it should be based on the code no the name of the store so if your gas isn’t eligible then it’s probably the merchant’s issue because they are logging as a different merchant code when they charge your card. Just my best guess on that one….

    • Gail November 21, 2014 at 2:27PM

      I just found out after years of having the Costco AmEx card, that we have NOT been receiving the 3% cash back reward on most of our gasoline purchases. It is extremely difficult to notice because of the way they calculate these “rewards” on the previous month’s statement. However, when I noticed this month that we had “0″ rewards for gasoline, I dug out last month’s statement. I saw that we had purchased over $100 in gasoline from “Fred M Fuel” which Amex itself categorized as “automated fuel”. I called Amex and was told that even though it is a US fuel purchase, since it is associated with Fred Meyer it is not eligible for the reward!! I feel that we have been getting ripped off by this deception for years.

  18. Jean May 7, 2014 at 3:16PM

    My husband had an American Express Costco Card that was just cancelled without his knowledge of the account being closed. Is this the way Costco American Express operates? I call this just plain dirty!!!!!!

    • Chris July 4, 2014 at 10:20AM

      Something suspicious here and I don’t think it’s Amex.

    • WiseMan September 4, 2014 at 6:01PM

      Take it up with American Express. Costco neither approves/disapproves/cancels credit cards.

  19. Yenny March 22, 2014 at 7:28PM

    I’ve just applied for the credit card at Costco, and the employee called the American Express to sign up for the card. Then, about 10 minutes later, they called back (through my cell phone number) to confirm the information(SSN,DOB and address). Is that part of the application process or we have to confirm with Costco first?

  20. AF March 16, 2014 at 12:26PM

    Does IRS consider the earned cash money rebate a taxable income?

    • dabble53 April 24, 2014 at 10:52AM

      Unless you’ve some how managed to legitimately declare the purchase as a taxable deduction, the rebates are not considered income.
      If you did declare the purchase as a deduction, then the rebate is income to the extent you deducted the purchase (i.e., it reduces the deduction.)

  21. Fred March 5, 2014 at 9:42PM

    Eligible travel purchase,hmmm… Does my purchase at Priceline or Hotwire qualify as travel purchase?

    • Mark May 30, 2014 at 1:47AM


  22. Eric January 14, 2014 at 7:35AM

    I felt having the Costco AMEX card made it easier for me to spend way more money in the store I otherwise might not have spent, The rewards do add up but if you don’t cash the award check the same year by August, It becomes expired “worthless” I called AMEX after finding the reward check that is sent by mail in the back of the statement and they would not honer or reissue the found expired check, I was so upset, I canceled the card. Yes, This was my fault, But no customer service like I expect from Costco from AMEX and I have great credit.

    • credit January 19, 2014 at 8:41AM

      What are the approval odds if you have zero credit?

    • Phred February 12, 2014 at 8:24AM

      Good info to remind people to read the terms and conditions when getting a new card so they don’t run into such surprises. Not sure why it’s Costco or Amex’s fault when someone doesn’t pay attention or follow directions though.

      • Priyacool September 29, 2014 at 5:41PM

        May16 I concur I got a call from a giant crdiet card company last night. They wanted to let me know that if I used their card I’d get cash back. Then they wanted my email address.I pointed out to the woman that if they actually analyzed my customer data they’d see I’m well aware that I get cash back take a look at my monthly spending and that I do paperless billing so they already have all my information.

    • WiseMan September 4, 2014 at 6:03PM

      So Amex is resposible for your eneptitude? You admit it is your fault but don’t think you should be responsible for it. Perhaps you should hire a babysitter to look after you?

      • Sean September 7, 2014 at 1:56AM

        Eneptitude eh?

        Who’s the idiot?

  23. Berle Bledsoe January 12, 2014 at 8:37PM

    I heard the other day that the American express Business cards are not insured or covered if stolen, and the full amount charged buy the thief must be paid by the card holder..Is this true?


    • Jonathan Price February 17, 2015 at 5:54PM

      Consumer Credit Cards offer you PROTECTION, Business Cards are NOT covered by the same consumer laws that cover your consumer card. I have Navy Federal Signature and CapitalOne Venture Cards. The 2 best cards out there with the BEST CUSTOMER SERVICE 24/7/365 and with 2% for everything worldwide and NO Foreign Transaction Fees Worldwide. A business card is 100% different than a consumer card!

  24. John Barnes January 4, 2014 at 2:05PM

    A big negative I encountered was that AmEx has not reported my considerable use of this card and spotless payment record to the credit bureaus. After many years of use I found that I have “no credit,” only what could be established from occasional use of a bank Visa card. AmEx says it is a “business” card, so it won’t report to the credit bureaus. Then how about Dun and Bradstreet? I don’t see it there. We don’t report on “small” businesses (I’m a solo lawyer). Glad my house-buying days are over. Having a substantiated credit rating is mighty helpful in buying a house, or a car, for that matter.

  25. John Barnes January 4, 2014 at 2:02PM

    A big negative I encountered was that AmEx has not reported my considerable use of this card and spotless payment record to the credit bureaus. After many years of use I found that I have “no” credit, only what could be established from occasional use of a bank Visa card. AmEx says it is a “business” card, so it won’t report to the credit bureaus. Then how about Dun and Bradstreet? I don’t see it there. We don’t report on “small” businesses (I’m a solo lawyer). Glad my house-buying days are over. Having a substantiated credit rating is helpful in buying a house, or even a car, for that matter.

    • credit January 19, 2014 at 8:42AM

      I guess I have my answer here, if the card reported to the bureaus approval odds would be low, so therefore approval is probably guaranteed

  26. John January 3, 2014 at 7:56AM

    Can Membership award points from an Amex Blue account be transferred to a Costco Amex card account?

  27. Lyle R December 28, 2013 at 4:04PM

    We got this card when we joined and we earned 77 dollars and we were not big spenders this more than covered the membership cost and the apr is very reasonable by today’s standards good card!

  28. Barbara weinbaum December 26, 2013 at 6:53PM

    I want to make an autopay payment how do I do that?

  29. Le December 14, 2013 at 8:48PM

    Hi! This is the first time I apply for Amex Costco card. I don’t know how to pay for the purchases I made with this card in Costco. Will they all appear in my credit card report each month? Or I have to write a check to transfer money from my personal bank account to American Express?

    • JoeyNutz January 10, 2014 at 9:42AM

      You’re kidding, right?

      • Kevin January 28, 2014 at 10:30AM

        Sadly, I don’t think so.

    • WiseMan September 4, 2014 at 6:04PM

      I pay my amex bill online from my bank…takes 10 seconds to set up, then 3 seconds to pay each month.

  30. Yolanda November 28, 2013 at 2:26PM

    I am the secondary member on our Costco membership. Can I change my Skymiles Amex card for a Costco Amex card?
    Have been paying our yearly membership with my Skymiles Amex card for years.

    Thank you

    • Georgian September 29, 2014 at 7:13AM

      y’all gotta chill and get american exepsrs bank issued gift cards they are the best, and u dont even have to goto a bank to get them, but it must be the card with a brown gift box with a matching bow appearing on it, american exepsrs logo at the bottom right side of the card, these vanillas and green dots are not bank issued they are just using the card companies name like an outsourcer, use the real deal and not some fake junk.

  31. David November 22, 2013 at 5:02PM

    I already have an AMEX card but am not a Costco member. How will this deal shake out for me?

    • Carla September 29, 2014 at 3:45PM

      Ok, when I try to link my Vanilla Visa to PayPal, it says this: Your credit or debit card has not been added since your card isseur does not allow checking the card’s billing address. Please enter a different card number. If you have further questions, please contact the business that issued your card. Any help please, because it worked last time

  32. Mel October 28, 2013 at 10:35PM

    Does anyone know if you can do an in person cash payment on your AmEx Costco card at your nearest Costco?

    • Kirsten November 6, 2013 at 6:32PM

      According to my local Costco, all payments have to made online through a bank account.

    • CM Hall February 7, 2014 at 1:15PM

      You can’t

    • Dan July 7, 2014 at 1:26AM

      For sure Costco does not accept payment on your AmEX card. I already asked about this issue.

  33. Mai September 25, 2013 at 8:08AM

    Do you have to pay the full balance on the TrueEarnings® Card from Costco and American Express or can you pay partially over time?

    • angie October 11, 2013 at 9:35AM

      no…I’ve had this card since 09 and minimum payments are an option.

  34. Ron September 17, 2013 at 11:00AM

    Just an FYI.

    It appears that they changed the way the calculate the Costco AmEx rebate. I noticed that the last couple of months.

    Before, it looked like monthly, they took the total spending in each of the three categories, and applied the appropriate percentage.

    Now, it looks like each individual transaction is calculated and rounded down. So if you spend 99 cents on a 1% item, you don’t earn any rebate on that transaction.

    I know it is only a penny per transaction, but it does add up. If you have 200 transactions a year, that could mean $2 difference.

    So if you are getting gas, and the pump stops at $30.98, adding the extra 2 cents, will let you earn and additional cent.

  35. Vania September 3, 2013 at 10:33PM

    Is the primary Costco member the only one eligible for Amex cc or can spouse apply too?

    • Elizabeth November 27, 2013 at 8:06AM

      I had a Costco membership and the Amex before I got married. After the wedding, I took the hubby into Costco and added him to my membership. Once he had a membership #, I could go online to my Amex account and add him to that as well. Easy!

    • steve June 28, 2014 at 9:51PM

      Each Costco member can apply for his/her own Costco AMEX.

  36. Rob August 13, 2013 at 10:58AM

    Let’s ask Dave Ramsey about this card.

  37. JimC July 28, 2013 at 8:33PM

    I’ve had a Costco AmEx card for over a year now, and the advantages for this card are all true; however, there are a couple of disadvantages:
    - Don’t forget to pay off the card’s full amount every month so you avoid interest; because my APR is a whopping 27.24%
    - The AmEx card won’t link with my BillPay service, like many of my other bills. For example, for some bills, I can say pay the full balance, rather than specifying some fixed dollar amount. With AmEx, I can only specify to pay a fixed amount (to make sure I don’t get a late fee).
    - They don’t have the ability to generate virtual cards for online purchases. For example, BofA’s credit cards have a “ShopSafe” feature, where one can generate a virtual card number, attached to their real card number, and both the card limit and expiration date can be specified when the card is generated. If one generates a virtual number for each online transaction, for the same of slightly over the amount of the purchase, the number becomes useless after the purchase. I think this is the best fraud protection one can have.

    When all is said and done, I’ve still received more rebate than interest fees; so I’d still recommend the card.

    • Alex November 23, 2013 at 7:35AM

      The was a penalty APR. Pay your bills on time and the APR is much more reasonable.

    • Jeff Bellamy December 14, 2013 at 11:09AM

      Just set up Auto Pay on the AmEx side

  38. Allie July 13, 2013 at 9:26AM

    Do you need to spend a certain amount of money every month/year in order to have an Amex? Or keep some minimal balance on it? Or can you have one and spend zero money all year and still be a member?

    • JimC July 28, 2013 at 8:42PM

      You don’t have to spend any money, but your Costco membership will be charged to the card, and you’d be foolish to use a different card for purchases that didn’t have as high a rebate as the Costco AmEx card.

      I first applied for my card just before an RV road trip of about 4500 miles, and, at roughly 10 MPG towing a trailer, and a rough average estimate of $3.75 per gallon, would return about $68 of rebate (I get 4% back for gasoline purchases; this seems different from what others have said). Another way to look at this is the discount of 15 cents per gallon (@ the $3.75/gallon price).

      You should also know that the rebate comes in the form of a check which can be cashed at Costco (expires after 6 months, though).

    • angie October 11, 2013 at 9:37AM

      for 2 years i didn’t use my card. i was just paying it off. there’s no minimum purchases necessary.

  39. Parcival July 5, 2013 at 5:41PM

    They had to make a very special deal with Costco for them to accept American Express credit cards. This special deal also includes that COSTCO is not to accept other credit cards, not Visa, MasterCard, Discovery or other, only Debit cards. Stinks like high heaven of kickbacks or similar.

    Costco otherwise is a great place to save money.

    • Mike December 17, 2013 at 4:16PM

      That isn’t true.

    • Kevin January 28, 2014 at 10:34AM

      I believe the only “deal” they made was negotiating a lower merchant fees for accepting the card. Other cards can hit the merchants with fees as high as 6% of the total charged.

      • Jeremy November 22, 2014 at 5:40PM

        Kevin and Mike ,
        That is why they just got sued and lost to the federal government is because of such deals.

    • Chris July 4, 2014 at 10:12AM

      Amex doesn’t charge Costco a fee. Visa and Mastercard would.

  40. Crystal May 1, 2013 at 2:33PM

    Costco is the card for me. Great savings.

  41. Jessie April 10, 2013 at 5:32AM

    I love the rewards program.

  42. Ray Olson December 29, 2012 at 10:27AM

    When is the Costco AMEX rewards anniversary cut off date for purchases? Rewards are paid in February based on what cut off date? – Thanks

  43. Al October 17, 2012 at 9:21AM

    Does Costco accept the American Express Gold Card? I think it is the best Credit Card out there anywhere.

    • Michael October 17, 2012 at 5:10PM

      Yes you can use that card at Costco.

  44. Julianne O’Boyle April 18, 2012 at 12:28PM

    I am a current Costco member & have been since around 1990. I still carry around my old card, which I have never turned into a charge card (it still says “Price Costco”). How do I change that current card into a card in which I can charge my purchases on? Can I? Is there a fee involved? Do I have to go to a Costco location to do this? Thx.

  45. Fred Vollmer March 3, 2012 at 12:08PM

    We are Costco members here in Naples Fl and we also now hold American Express Blue cash card. However for first 6500.00 we earn nothing, and after most of time we don’t get anything for gas. Our billings looks like we are getting screwed over. Is this card a better bet for us, and do they pay on all purchases, or only after you have charged so much??

    • Michael June 12, 2012 at 5:59PM

      Yes I would definitely say the Costco card is a better idea! You get the full rewards starting from the very first dollar spent (unlike your other card).

      • Ana October 27, 2013 at 7:36AM

        I have a question i know the Costco American Express card allows you to put a member on the card. Does that member establish credit in the process? My mother just opened the card and placed me on both the Costco store card and Costco amex credit card. Im 21 yrs old & already have my own well fargo platinum credit card but; i need more credit cards to create more credit. I would be the only one using the amex card, making also high purchases & would be making the checks to pay with my name from my personal bank account.

        Thanks! Ana

    • Dave March 27, 2014 at 5:47AM

      American Express is a money grubbing corporation! After being a loyal customer since 2008 and never missing a payment they raised my interest rate from 12 to 16% and my FICO is 760(nothing incredible but not bad). I used to carry a $1700 balance but paid it off a couple months ago so it is now zero. I think this pissed them off because now they get zero interest..Want to make these guys pay? Make lots of small charges that qualify for the cash back then pay off he balance at the end of the month! Thats my plan

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