TrueEarnings® Card from Costco and American Express

Have had this card for a little over a year, received $130. The cash back isn't cash, it's a credit at Costco. I have an executive membership with Costco that pays 2%. That was about $165. Between the card and the membership that's $295. Covers the membership fee and a whole bunch of food, booze and shoes. I like it.

Contrary to what this page says there IS a limit to "cash back". It's $500.00 USD.

A good deal. We get a couple hundred bucks back each year. It's more than a store credit. You can't cash it at a bank, but the Costco customer service desk will simply cash this rebate check for you if you want the $$ and don't wish to spend it at the store. Or you can spend part of it on purchases at the register and the balance will be given back to you in cash. We use it for many purchases and like the "free" money back every spring.

I have the business version of this card. Basically the same except that you get 4% on gas instead of 3% (just changed from 5% down to 4%). Best card I got with great customer service. I get about 700 dollars cash back each year from costco for it. Just a great card, period.

I have to respectfully disagree with two previous posters. My cash back was $700. I went to the Costco customer service desk and redeemed it for cash with no purchase requirement.

To comment on previous posters:

1. The $500 yearly limit is for the Costco 2% Executive Bonus (not a part of this card). This card does not have a limit on the amount of cash back you can earn.

2. You can redeem the yearly check for cash by going to a register and cashing it in. The check even states you can redeem for cash. The Executive Membership 2% Bonus (not part of this card) cannot be redeemed for cash.

I agree with cash back comments but my complaint is that I always pay twice or three times my minimum payment monthly, am never late, and have had the card for over two years. They just raised my interest rate for no reason. As soon as I pay off the card I'm not using again. This is not fair to consumers who use credit responsibly.

Horrible, horrible, horrible. I have a 745 credit score, had the card for 5+ years, used frequently and paid off the entire balance every month on time. Was a seemingly perfect credit card customer until late last year when they cancelled my card without warning. Will never have an American Express card again and actually am considering not shopping at Costco. Also, some previous posts stated that the cash back isn't cash but a Costco credit, that is only partially true. If you take the voucher to Costco, they will give you cash instead of credit towards Costco purchases.

You have to watch for your rebate calculations. I have lots of travel expenses with Hotwire and airline companies and they calculated it under "everything else" This is outright trickery. you have to guard the calculations like a hawk

Applied three weeks ago. Received email that could never find my app on their site. Called. Denied. Told Transunion credit score too low for card. Creditkarma says they use Transunion for scores. Creditkarma showed 744 when I applied. Shows 744 today. Someone is lying here. Bad system all around both here and at Amex.