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  1. #1
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    Default Best for Costco?

    Long time lurker on these forums, finally signed up. You guys have already motivated me to apply for and be accepted for the Discover More and USBank Cash+ cards and the Penfed Platinum Rewards, Chase Freedom and the Chase Sapphire Preferred cards are all on my list to apply for in the coming weeks and months.

    Despite all my research though, I haven't been able to find a card that stands out as a an obvious choice for rewards at Costco. I do the vast majority of my grocery shopping there so I spend $200-300 there a month, but I've been doing so thus far on my Blue by American Express card which has netted me very few points (1 point for every dollar spent)

    Those of you that also spend a good amount of money at Costco, what card would you recommend I apply for? Is the American Express Fidelity card with 2% cash back really the best option or is there anything else that may get me 3 or more points/% for groceries at Costco?
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  2. #2
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    I believe with the Fidelity American Express card you need to have some sort of something with them. I'm not a costco member but if I was I would use my green card. that's the card I use when I purchase gift cards for family members and employees around the holiday.

    But you mentioned that you have blue and you only get 1 point per dollar.

    I see you live in La what would happen if your job relocated to a place like just an example Boise Idaho, let's say your closest Costco is 250 miles away from where you now live. If you got the aqua/costco card that's fine while living out in La, but out somewhere like Idaho you have to be a member if something were to happen with your job you wouldn't want to continue paying the membership fee, you wouldn't be allowed to have the aqua card.

    Max punishmentI would personally use my own card.
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  3. #3
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    Default

    Fidelity Amex is best for Costco groceries.

    The Costco TrueEarnings Amex can be used for 3% rewards on Costco gas, but it only gets 1% inside the warehouse.
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    +1 for the fidelity amex at costco. That's what I use and I haven't found anything better.

    I suppose there might be a way to use BCP 6% to buy amex gift cards at grocery stores and use them at costco, but I haven't spent any time investigating that option.
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  5. #5
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    Default

    Fidelity Amex
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  6. #6
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    Quote Originally Posted by asdf View Post
    Fidelity Amex is best for Costco groceries.

    The Costco TrueEarnings Amex can be used for 3% rewards on Costco gas, but it only gets 1% inside the warehouse.
    3% in the warehouse with an Exec membership! Of course, that means you get 4% with Fidelity.
    - Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -
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  7. #7
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    You have to spend $2750 annually to break even with the $110 AF of the Costco exec membership. Personally I have not always passed that mark and recently stepped back down to the base membership and a $55 AF.
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    That may be how the math works out, but if you don't hit that number, Costco will drop you back to the regular membership level and refunds the extra $55.
    - Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -
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  9. #9
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    what if Maxpunishment doesn't have any Fidelity Investments Dave this person wouldn't be allowed to have the Fidelity American express card correct? if I'm correct and he doesn't have any fidelity investments what would then be the best card for costco?
    I would always say use your own American Express card what does everybody think?
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  10. #10
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    I joined Costco (Gold Star), because it was required to be added as an AU to my mom's amex, which I wanted to save her the hassle of reimbursing me for certain purchases she agrees to pay, and to get my foot in the door with Amex. I MIGHT be able to make back the $55 with a year of wholesale vs. retail savings, but that will depend on how convenient it is to make certain purchases there. I certainly will not spend enough there that 2% of my purchases would exceed the extra $55 to be an exec, so why hassle with making sure they refund me?

    It sounds like all amexs but the fidelity only pay 1% and the fidelity requires you to have your investments with them. Maybe use Cash+ or BCP or buy amex gift cards at the appropriate venues? I probably won't spend enough at costco to hassle with it, but has anyone succeeded at getting high percentages at Costco that way?.
    Sole Ownership Cards:
    1st Financial Bank Platinum Student Visa, $500 CL, Open Since 3/2012
    Citi Forward Student Visa, $6k CL, Open Since 10/2012
    Costco TrueEarnings Amex, $6k CL, Backdates to 1/2012
    SallieMae Rewards Barclay Mastercard, $2.5k CL, Open Since 4/2013
    Jointly Owned Cards (co-owner with mom, not AU, used and paid only by me):
    Chase Amazon Rewards Visa Signature, $2k CL, Open Since 8/2012
    US Bank Cash+ Visa Signature, $13.5k CL, Open Since 10/2012
    Authorized User (Parents Pay/Use)
    Costco TrueEarnings Amex $29.4k CL, AU since 11/2012
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