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Offered by: American Express
Apply by phone: 1-800-297-6700

TrueEarnings® Card from Costco and American Express

  • Earn cash back: 3% US gas stations up to $4,000 per year in purchases; 2% US restaurants & eligible travel; 1% other purchases. See details.
  • You will receive your cash back annually in the form of a reward coupon
  • The Two-In-One Card: it's an American Express® Card and Costco membership Card, with no annual fee for Costco members
  • Maximize your cash back: Add additional Card Members to help get more cash back for you, also with no annual fee for Costco members
  • Terms and restrictions apply.
  • Visit our credit card partner’s site in order to learn more and securely apply for the TrueEarnings® Card from Costco and American Express

Average Approved Score Purchase Intro APR Purchase Regular APR Balance Transfer Intro APR Balance Transfer Regular APR
Typical Low: 613
Typical High: 787
on Purchases for 6 months    









Additional Details

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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 "Apply Now" button, you can review the credit card terms and conditions on the provider's website.

Offer Details:

Cash Advance Rate


Annual Fee

No Annual Fee with your paid Costco Membership

Late Fee

Up to $35

Cash Advance Fee

3%, Min: $5

Balance Transfer Fee

3%, Min: $5

Saving Details

Saving Details

Year 1

Year 2

Year 3

Balance Transfer Cost




Interest Savings on Transferred Balance




Interest Savings on New Purchases




Value of Rewards on New Purchases




Value of Bonus Points




Annual & Application Fees






Total Annual Savings




Total Savings over 3 Years


Credit Card Usage Profile

Transfer a Balance
  • Balance to Transfer: $2,500
  • Monthly Paydown: $600
  • APR: 21.99%

Earn Rewards

  • $1,000 Monthly Spending
  • $45 Gas
  • $75 Groceries
  • $20 Travel
  • $50 Restaurants
  • $50 Entertainment
  • $760 Other

Establish or Build My Credit

Card Details
  • Annual Fee: No Annual Fee with your paid Costco Membership
  • Minimum Deposit: $0

Finance a Large Purchase

  • Initial Purchase Amount: $3,000
  • Monthly Paydown: $60
How We Calculated Your Savings

Credit Karma uses details about your credit card usage and data we have on current credit card offers to calculate how you might save money. These calculations are for illustration purposes only.

Savings are based on Credit Karma calculations and are not endorsed or commissioned by any advertisers. These calculations are for illustration purposes only. If bonus is included in savings estimate, it is assumed offer qualifications are met.

Note: Sample data consists of Credit Karma members who hold this card.

Compare Holders by ...

Credit Score
Credit Limit
Current Balance
Credit Limit Utilized
Age of Cardholder

Sample Size: 241
Data Created: February 02, 2015

62 Cardholder Reviews

The following information and reviews are brought to you by Credit Karma and/or its users. Banks, issuers, and credit card companies do not endorse or guarantee, and are not responsible for this content.

Most Recent Reviews

Big Penalty for not paying in full Helpful to 11 out of 15 people

I have multiple credit cards and generally pay off in full. Occasionally, when I was travelling I missed paying in full by 4 days on the Amex costco card. They charged me full interest on entire balance for that month. And this triggered revoking of the general grace period for purchases made on the next month. So, even though I paid my balance in full for the next month, they ended up piling on interest again as a penalty for not paying in full for the previous month.

This has to be one of the most outrageous policies for a credit card company. Calling the customer service was another futile waste of time. They regurgitate the same policy and blamed it on me for not reading the 'Terms and Conditions' document. I have never had such experience with other cards mainly discover or chase. 

Rewards are not comparable to other cards. I see no reason to continue using this card in future.

gurujg's response was:    

Jan 18, 2015

gurujg(1, 11)

Cooperative Helpful to 4 out of 4 people

I just got of the phone with Amex, having called about the nearly 28% interest rate on this card.  I explained that I have excellent credit, have always paid way more than the minimum payment and have been on time with payments.  The Amex agent, who was very polite,  saw that one payment a few months ago posted a day late and that it automatically kicked in the maxiumum penalty interest rate.  

The agent said the rate would be lowered to the opening interest rate and was happy to make the adjustment.

The moral of this story is that Amex is mostly computers.  They are programmed to do crazy things with no discernment about any other factors other than the time a payment is made and if that payment meets the minimum payment requirement. If either of those factors is not met, the penalty interest rate automatically kicks in.  

Try calling, be polite, and make your case.  It is worth a try and it worked for me.  I nice experience with the Costo American Express!  Thank you!

Lehrkind's response was:    

Jan 05, 2015

Lehrkind(1, 4)

Nothing but best all around My Card Helpful to 2 out of 6 people

Best card I have ever had in my credit card use of nearly 50 years  they know how to treat customers right

Jan 03, 2015
So far, so good Helpful to 1 out of 1 people

I have had the Costco TrueEarnings card ever since Costco and AMEX hooked up. I have a $23,000 credit limit.  I pay off the bill "in full" each month. I had "one" problem with a purchase with a company. I called the TrueEarnings Customer Service line.  They helped me with no questions. Like anything, the card is not perfect. But, when I really needed help, they were there for me.  

Dec 22, 2014
Got Approved! Helpful to 16 out of 17 people

I am rebuilding my credit and my current credit score that shows in Credit Karma is 623. They sent me a prescreened offer through the mail and applied for it. I was so surprised I got approved for 5K credit limit!

Just very thankful they have trusted me with the amount given my low score. I have been trying to rebuild my credit for the past 2 years and no cards would give me this higher amount of CL.

Nov 14, 2014

See all 62 Reviews of TrueEarnings® Card from Costco and American Express

† These Approval Odds represent Credit Karma’s estimation of how likely you are to be approved for a product based on a comparison of your profile with data about Credit Karma members who have been approved for the product in the past (if available). There is no guarantee that you will be approved by the lender or that credit will be extended to you.

‡ Average score refers to the arithmetic mean, typical low score to the 5th percentile and typical high score to the 95th percentile of, in each case, available VantageScore 3.0 credit scores provided by TransUnion of Credit Karma members who were approved for this product from September 2014 through February 2015. Average and typical approved scores are provided as guidelines only and approval is not guaranteed. You can learn more about credit card approval through our in-depth article.