Offered by: American Express Card

TrueEarnings® Card from Costco and American Express

  • 3% Cash back at US gas stations and on gasoline at Costco up to $4,000 per year in purchases, then 1%
  • 2% cash back at US restaurants; 2% cash back on eligible travel purchases, including at Costco; 1% cash back on other purchases, including at Costco
  • Terms and limitations apply; 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
  • Terms and restrictions apply.
721 Average Credit Score Approved for this Card
664 Lowest Credit Score Approved for this Card
Purchase Intro APR Purchase Regular APR Balance Transfer Intro APR Balance Transfer Regular APR
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 "Take Offer" 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

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.

1. No Annual Fee with Paid Costco Membership

Compare Holders of this Card
Credit Score
Credit Limit
Current Balance
Credit Limit Utilized
60+ Days Past Due Status
Age of Cardholder
Sample Size: 2,569
Data Created: October 01, 2013

71 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

Finally Approved

I have been trying to get this card since I destroyed my credit when I was 18. I was in the mid 400s. I have worked my butt off to get my credit back up and have a CK of 682, income of 53,000 and was approved for a 3k limit. I have an Amazon Store card at 2.8k, a Wellsfargo at $900, and a few store cards.


Apr 07, 2014
customer service at it's worst

Useless customer service, They make up late fees even though the payment is made on the due date  then automatically reverse the charges and next time you're late, they will charge you because you had multiple reversals and there is nothing they can do. Customer service will tell you that they want to help you and we can talk about everything but the problem you're calling about. I will be canceling this card for the unprofessional practices to gain income at whatever cost.

Mar 22, 2014
NOT recommended. Just lies & disrespect Helpful to 0 out of 1 people

As a Costco member I had this card for about a year and a half because that was the only way to use credit at the store but now I hardly shop there anymore because I prefer to shop using credit and I refuse to do it with this card. The card has decent rewards and was easy enough to get but don't expect customer service to treat you with any modicum of repect or actually do what they promise.

During the holiday season I was offered several rewards for shopping online and decided to take them up on the offers. I spent several hundred dollars that I would not have otherwise spent expecting a hundred dollars of rewards credited back to my account. Because I have been burned in the past by other cards I called american express first to ask how to make sure I get the rewards if I accept the offers. Stupidly thinking american express has the best customer service for any credit card I expected them to be better than my past experiences and boy was I wrong. Not only did they give me faulty advise about how to claim the rewards but when I called back the next week they called me a lier say I had never called in the first place or qualifed for any rewards even though the website still claimed I qualifed.  After arguing that I had called specifically to avoid this problem and that the website still says I eligible and shows all the required purchases they repeatedly told me to wait two months to find out if I was going to get the promised rewards. Two months and five calls later they told me that oh we decided a month ago that you didn't qualify. WHAT? You think they could have informed me when the made the decision or maybe one of the times I called but no. They wasted my time and cheated me out of hundreds of dollars for things I would have otherwise not bought at the current prices and never delivered the promised $100 in rewards. I have since cancelled the card because I refuse to deal with companies that operate like this. Making false promises, giving bad instructions, never delivering rewards, calling me a liar, wasting my time, not communicating decisions, being disrespectful and generally unhelpful to an excellent customer that always pays my bill on time.

It was a horrible experience that I wish I never went through.  I know it only cost me a couple hundred dollars and several hours of my life which could have been avoided if I never tried to take advantage of offers but I shudder to think how bad this company would treat me if I had an actual problem like fraud to deal with. Thankfully I will never find out and I encourage everyone else to avoid this card if they value rewards or customer service at all.  I give this card two stars because for the first year of normal use it was ok. I paid my bill on time and got my 1% back at Costco without any trouble so that was something but If I could give this company NEGATIVE 50 stars for customer service I would. Very few times in my life have I been so cheated, lied to, and disrespected. I have no idea why american express customer service is rated the best among credit card companies.  No other has ever treated me this badly and over something so minor too.

Mar 10, 2014
Instant approval at Costco

CK Score 728

Experian Score: 730

Utilization : 49%

Credit Limit $6,000

Income: 45k / year

I was a bit worried about approval while applying when I went into Costco to open a Costco membership. Checked my report on CK beforehand and even though I had paid all my credit card balances in full, my credit report stated that I had utilized 49% of my $6000 limit. It said I had used $3,000 out of my $6,200 credit limit. I recently was able to pay off my entire debt that I had hanging for awhile but it had been almost a month since I paid off in full and my balance/utilization was not updating.

I was able to apply for a $1 trial with Experian to check my credit score and report. Experian also had the outdated debt balance.

Went into Costco and was instantly approved regardless for $2,000 limit with 15% apr! Was quick and painless. 

Will have to wait and see to comment on rewards/customer service.

Mar 03, 2014
Got approved 2 days ago. My 3rd Amex

I already have the Blue cash everyday and the hilton honors. This will be my 3rd Amex card. Right now, my experian is 705, used to be 750. I don't know what happened. Experian is what Amex checks, well that and you credit history. They don't pull Transunion or Equifax. Well, this is how it happened, i've been applying for this card since november, but they just kept canceling it. Basically, in November, they didn't pull anything, they just cancelled my app. Same thing happened in Jan too. Well, i waited till Feb 28th and applied, it said in progress. I called in and spoke with Sin. He was really nice and i tried to be nice too. He said to hold on. He did whatever he did and approved me. Now i can ditch my chase freedom untill gas comes back into the rotation. The reason i wanted this card is because i can buy gas at Costco and not have to worry about stupid rotating categories.

Emmanuel174's response was:    

  Mar 01, 2014

Emmanuel174(3, 0)

Review by Emmanuel174

3 Contributions 0 People Helped

See all 71 Reviews of TrueEarnings® Card from Costco and American Express

† Credit Karma members have received approvals with these TransUnion New Account credit scores. These approval metrics are only guidelines and approval is not guaranteed. You can learn more about credit card approval through our in-depth article.