TrueEarnings® Card from Costco and American Express
Earn cash back with the 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.1
Cash back provided annually as a Reward Coupon redeemable for cash or merchandise at U.S. Costco Warehouses. The coupon will be issued in your February billing statement and expires on August 31st of the year issued.
No annual fee with your paid Costco membership.2
1You will earn an annual reward based on the eligible purchases on your TrueEarnings® Card from Costco and American Express during an annual reward period. An annual reward period is 12 billing periods, starting with the one that begins in February. Eligible purchases are purchases for goods and services minus returns and other credits. Eligible purchases do NOT include fees or interest charges, balance transfers, cash advances, purchases of traveler's checks, purchases or reloading of prepaid cards, or purchases of any cash equivalents. Additional terms and restrictions apply. You will earn an annual reward of: 3% on the first $4,000 of purchases each annual reward period (1% thereafter) of gasoline at Costco and at gas stations located in the U.S (excluding superstores, supermarkets, convenience stores, and warehouse clubs other than Costco); 2% at restaurants located in the U.S.; 2% for eligible travel purchases (eligible travel purchases are: airfare for a scheduled flight on a passenger carrier, hotel stays (excluding timeshares, banquets and events), car rentals from select major car rental companies listed at americanexpress.com/rewards-info, and other purchases from Costco Travel, cruise lines, travel agencies and tour operators); and 1% on all other eligible purchases, including at Costco.
Merchants are assigned codes based on what they primarily sell. A purchase will not earn a higher percentage reward if the merchant’s code is not eligible. Purchases made through a third-party payment account or on an online marketplace (with multiple retailers) will not earn a higher percentage reward. A purchase may not earn a higher percentage reward if the merchant submits the purchase using a mobile or wireless card reader or if you use a mobile or digital wallet.
Reward is distributed annually via U.S. Mail in the form of a reward coupon on the last page of your February billing statement, redeemable at any U.S. Costco warehouse, including Puerto Rico, for merchandise or cash. Requests for cash may be fulfilled in the form of a check at the Costco warehouse’s discretion. Coupon must be redeemed in person prior to its expiration date of August 31st in the year in which it is issued. Additional terms and conditions apply. See Cardmember Agreement for full terms and conditions.
2The TrueEarnings® Card from Costco and American Express is only available to you if you have a paid Costco membership in your name. You must maintain your Costco membership to redeem the Reward. We may cancel your Card Account and participation in this program if you do not maintain your Costco membership.