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Costco TrueEarnings Business Credit Card

True Earnings® Business Card from Costco and American Express

- 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

(4.0 out of 5.0)

Information - Rates - Fees

Intro APR:

0%*

Applied Towards:

Purchases
Balance Transfer

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*

Grace Period:

20 days*

Min Finance Charge:

$0.50

Late Payment Fee:

$35.00*

Over Limit Fee:

$20.00

Balance Transfers

Balance Transfer:

Cash Advances

APR on Cash Advances (%):

20.99%

Cash Advance Fee (%):

3.00%

Minimum Fee:

$5.00

Credit Card Review

The TrueEarnings Business Credit Card from Costco is designed for Costco members who happen to own a small to medium scale business. Purchase APR during a short term period is $0. Balance transfers incur very low interest during the intro period but over a longer period. Members are not subject to an annual fee.

Card members who take advantage of the cash back program will earn cash rebates on every eligible purchase transaction. Business expenses on gas earn 5% rebate, 3% goes for restaurant expenses, and 2% on travel expenses. Every other qualifying expense including those at Costco earns 1% per transaction.

Members enjoy discount purchasing with participating merchants and retailers through the OPEN Savings program.

Features

Most attractive:

- Free Cash Back program
- Bonus offer
- Introductory rates
- High cash back rates

Least attractive:

- Limited CashBack on gas purchases

Rewards & Benefits

Reward Types:

Gas Reward Cards
Travel Reward Cards
Universal Reward Cards

Reward Unit:

Cash

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.

Yearly Limit:

None

Online Access:

Yes!

The information provided for True Earnings Business Card from Costco and American Express is believed to be accurate at the time of evaluation (Feb 20, 2012). We strongly advise visitors to review the terms and conditions to verify accuracy of the information posted prior to applying for the product.