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.