As featured in The Wall Street Journal, Money Magazine, and more!
     

TrueEarnings Business Card from Costco and American Express Review

This article was written by in Credit. 5 comments.


American Express has always been great in varying their credit card offers to business owners. Whether a business owner’s priority is travel accommodations, spending power or saving money, there’s a credit or charge card designed to help out. The TrueEarnings Business Card from Costco and American Express fits into the saving money category, as it’s the only business card around offering 4% cash back on gasoline purchases on gasoline at U.S. gas stations, including at Costco, for purchases up to $7,000 per year (1% thereafter).

Business owners of the TrueEarnings Business Card from Costco and American Express can receive a 0% introductory APR on purchases for the first six months. After the introductory period, the APR will vary with the market based on the Prime Rate, currently 15.24%. The cash advance APR is currently 21.24% variable and the default APR is currently a pricey 27.24% variable so avoid cash advances and pay bills on time to prevent default.

The TrueEarnings® Business Card’s primary feature is cash back, and the card offers competitive cash back rates. 4% cash back on gasoline at U.S. gas stations, including at Costco, for purchases up to $7,000 per year (1% thereafter). 2% cash back at U.S. restaurants and on on eligible travel purchases, including at Costco. 1% cash back on other purchases, including at Costco. Cash back is earned on eligible purchases only and you will get your cash back in the form of an annual coupon. Terms and restrictions apply.

Every business is entitled to additional perks and benefits as owners of an American Express business credit cards. Here are some of the noteworthy benefits.

  • No annual fee with your paid Costco membership.
  • Car Rental Loss and Damage Insurance
  • OPEN Savings offers up to a 10% discount credited to your statement when you use your Card for eligible purchases with OPEN Savings partners including FedEx, Hertz®, and more.

Few business credit cards offer the full package. These tend to be big money makers for card issuers, whether through a high interest rate or annual fee. The TrueEarnings Business Card from Costco and American Express seems to be one of the few business cards offering a solid rewards program with a low APR, and, possibly most importantly, no annual fee.

Consider enhancing your business by signing up for the TrueEarnings® Business Card from Costco and American Express today.

Disclaimer: This content is not provided or commissioned by American Express. Opinions expressed here are author’s alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.

Updated January 19, 2014 and originally published November 17, 2011. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

Email Email Print Print
avatar
Points: ♦127,535
Rank: Platinum
About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

{ 5 comments… read them below or add one }

avatar lynn ♦155 (Cent)

This sounds like it could be the beginning of a good relationship. Business owners grab a Cosco membership anyway.

Reply to this comment

avatar Ceecee ♦53 (Newbie)

That sounds pretty good. I wonder how old and established the business has to be in order to get one of these. AMEX is usually pretty picky.

Reply to this comment

avatar TBF

I have had this card for several years. You get Costco bucks back at the end of the year, but you can go into Costco and cash them in for…well, cash. Only downside, and it’s a big one: I was using my card at a local gas station, and even though the monthly bill said “Fuel Purchase” I did not get the 4% credit because the gas station’s name was “Vigilante” and not “BP” or “Sunoco,” etc. When I called they told me there is no way to fix that; the computer goes by company name, not TYPE of purchase. WTF? So I lost a few hundred dollars in cash-back because my “fuel purchase” was not good enough for their computer. I only use that card for gas at name-brand stations now.

Reply to this comment

avatar Luke Landes ♦127,535 (Platinum)

That’s a big downside to every cash back program. If he credit card doesn’t categorize each merchant correctly, you could miss out on the right cash back level for a purchase. I’m half surprised they wouldn’t make a correction in your case.

Reply to this comment

avatar dave

Won’t ever bash Costco, after-all they cut a great deal with AMEX, a deal I’m sure VISA or MC would kill for. Love Costco. .. Beware of one thing on the AMEX side.. it’s in their best interest to get our of paying your that reward however they can. I pay my bill electronically and AMEX sends you the cash reward buried in one of your monthly statements. The issue is the reward coupon expires if it’s not used. You have to know when it’s coming and be looking for it. Especially if you’re paying your invoice on line. Last year I ate a $470 and I was S.O.L w/AMEX .. i know, partly my fault, bu still very frustrating. that was my money!

Reply to this comment

Leave a Comment

Connect with Facebook

Note: Use your name or a unique handle, not the name of a website or business. No deep links or business URLs are allowed. Spam, including promotional linking to a company website, will be deleted. By submitting your comment you are agreeing to these terms and conditions.

Notify me of followup comments via e-mail. You can also subscribe without commenting.

Previous post:

Next post: