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TrueEarnings® Card from Costco and American Express

19 comments

Offered by:
American Express Card

Related Credit Cards:

Details:

Purchase Intro Rate	0%
Purchase Intro Period	6 Months
Balance Transfer Intro Rate	See Terms
Balance Transfer Intro Period	See Terms
Regular APR	15.24%
Balance Transfer Rate	See Terms
Cash Advance Rate	See Terms
Annual Fee	None
Late Fee	See Terms
Cash Advance Fee	See Terms
Balance Transfer Fee	See Terms

TrueEarnings® Card from Costco and American Express features:

Earn cash back on gas and a $25 statement credit with your first purchase made with the Card.
Earn cash back virtually everywhere you go - 3% for annual gasoline purchases of up to $3,000 (1% thereafter), 3% for restaurants, 2% for travel, 1% everywhere else, including Costco
No Annual Fee with your paid Costco Membership
The TrueEarnings Card serves as both your American Express Credit Card and your Costco Membership Card
No Limit on the Cash Back earned

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See the online Provider's credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Take Offer Now" button, you can review the credit card terms and conditions on Provider's website.

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USER COMMENTS(19)

selz202
Oct 26
7:29 pm

729 and Denied

53k a year

3 years of 100% history

~5-10% cc balance and no mortgage.

Had an AMEX gold card, but they closed it back in January.

CK Moderator

Unfortunately, if they closed it. They probably won't approve you for another card in the near term.

christoofar
Oct 24
9:14 am

This is pure fiction. A 685 score is not "Excellent credit" by any FAKO estimator, especially not the real MyFICO one either. I would never believe AMEX would stoop so low as to approve below 700 since that's not the borrower they're looking for anymore.

bprice
Oct 15
11:33 am

I applied last week and was denied. My score on here is 754 but apparently my fico score is in the lower 700's and they told me over the phone that I would need to have a fico score of at least 750 to qualify. They gave me a breakdown of what areas qualified me and what areas disqualified me and the two factors that denied me were number of inquiries on my record (about 9) and too low of credit score (about 720 from fico). Seems a bit harsh considering I have almost 3 years of perfect credit card use history, personal and auto loan history. I'm only 22 and have never had a negative mark on my credit history between 2 loans and 4 credit cards other than too many inquiries, if that doesn't get my credit score high enough what does?! Hopefully creditkarma will update their credit score approval data as it is way off from what american express told me directly.

CK Moderator

Thanks for the comment. A few things to note. A 750 and 720 are not that different in terms of risk. When it comes to the CK score vs. FICO, you have to account for the bureau used. Secondly, 9 inquiries is a lot and 3 years credit history is also relatively short. Just a few things to keep in mind. We have a few features that should help address the issues. Stay tuned!

possum09
Sep 21
10:06 am

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.

CK Moderator

Credit score is not the only criteria as we have mentioned before, income, past delinquencies, and other factors go into the credit decision.

annoneil01
Oct 6
11:52 am

CK Moderator is right, possum09. That's on top of AmEx having their own special in-house system based on 'points'. You can have a fabulous basic mortgage-enhanced FICO (or FAKO), but you won't meet their criteria based on other things. I hope you return to the site to let us know what was on the official letter.

eddiejov55
Oct 12
1:21 am

It is also important to note that American Express does not often rely on TransUnion as their main source of credit research. They rely more on Experian than the other bureaus. If you are an existing AMEX customer, you'll notice this on your credit profile.

possum09
Oct 16
12:03 pm

I tried to post this before but it was censored. AmEx told me that I did not qualify because my credit score was too low. That was the ONLY reason given by the AmEx rep. I was told by AmEx it was using the score from TRANSUNION and it was not the same number that CreditKarma reported to me from the same place...TRANSUNION. Also CreditKarma shows the average score for obtaining the card much lower than my credit score reported by CreditKarma. My point was and still is: Two different scores from the same place. Something is wrong. Also posting the average scores to obtain the card is misleading at best. I now have a hard look at my credit report. I understand that there are many factors that can be used but whem AmEx says credit score was "TOO LOW" as the only reason and CreditKarma says it was 744 well above the average than I wasted my time and damaged my score by misinfo.

vladislavk1
Nov 20
10:28 am

Possum, I too had 744 exact score, and got denied....I agree with you that posting the "average" scoree is very misleading...after the reading the comments, I thought I would get denied, but applied anyway, against better judgement.

744 Credit Carma score

140K annual income

no lates or delinq in the last 6.5 years

I think applying to cards based on Credit Carma estimations (average, poor, excellent credit, etc.) is a very bad idea, and something one should avoid.

CK Moderator

Unfortunately, it is not as simply as just a credit score. There are dozen of variables that go into credit card approvals. We have an article where you can learn more about Credit Card Approval Insights.

durankarma
Sep 3
10:00 am

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

DontUseAmEx_tc
Aug 30
6:28 am

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.

laditiar
Sep 30
8:36 am

They did the same thing to me. It's just how it was last year, they canceled a lot of customers.

rentalqueen
Aug 29
10:26 am

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.

jturner02
Jul 10
6:26 pm

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.

supertramp
Sep 30
7:13 pm

Thankyou for the first positive reply on this site!!! :) I am trying to research and read about these cards so I can make an educated decision. And most negative comments sound more like poor planning, weak research and personal problems to me. Thankyou for the input, you rock!! And for people with "the worst experience of their lives!" posts, grow up and try posting something useful.

redgecampbel
Jun 1
8:10 pm

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.

aluders
Apr 30
1:57 am

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.

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