American Express Costco Business

American Express Costco Business

American Express Costco Business

American Express is a NerdWallet Partner

American Express Costco Business

American Express Costco Business

Loading

Card details

  • 3% cash back on gasoline at U.S. stand-alone gas stations, including at Costco, for purchases up to $4,000 per year (1% thereafter)

  • 2% cash back at U.S. restaurants; 2% cash back on eligible travel purchases; 1% cash back on other purchases, including at Costco

  • Cash back is earned only on eligible purchases. You will receive your cash back in the form of an annual reward coupon

  • The Two-In-One Card: it’s an American Express® Card and Costco membership card, with no annual fee for Costco members

  • Cardmembership offers benefits which include Purchase Protection* and Extended Warranty* ** Underwritten by AMEX Assurance Company

  • 0% Introductory APR for 6 months with flexibility to pay over time

  • Terms and restrictions apply.

  • View Rates and Fees

Rates, fees & offers

  • Annual fee

    $0

  • Rewards rate

    1.00%

  • Bonus offer

    None

  • Intro APR

    Purchase: 0% for 6 mos

    Transfer: None

  • Ongoing APR

    Purchase: 15.99%, Variable

    Penalty APR: 27.99%, Variable

    Cash Advance APR: 21.99%, Variable

  • Foreign transaction fee

    2.7%

Recommended credit score

Compare to other cards

American Express TrueEarnings Business from Costco Credit Card

American Express Costco Business

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Annual Fee

$0

Annual Fee

$95

Annual Fee

$0 intro for the first year, then $95

Regular APR

15.99% Variable

Rates & Fees

Regular APR

15.99% - 22.99% Variable APR

Regular APR

13.99% - 23.99% Variable APR

Rates & Fees

Intro APR

Purchase: 0% for 6 mos

Intro APR

N/A

Intro APR

0% intro APR on Purchases for 12 months

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

NerdWallet review

By Tim Chen

Rating details

3.5

Editor's overall rating

Pros and cons

Pros
  • No annual fee

Cons
  • Needs excellent credit

Aw nerds! Looks like this page may be out of date. Head over to our Rewards Credit Cards page for updated info.

Editor’s Note: On March 31, 2016, Costco will stop partnering with American Express and TrueEarnings® Card from Costco and American Express will be discontinued. Citi, Costco's new partner, will send TrueEarnings® Card from Costco and American Express cardholders a new Visa card co-branded by Costco as a replacement.

American Express Costco Business pays 4% back at all gas stations (limit $6,000 in gas per year), 2% back at restaurants, 2% back on travel, and 1% back elsewhere. It's very mediocre when it comes to interest rates, though. If you are running a deficit, you'd be much better off going with a card with lower APRs. Rewards for this card are sent out annually in the form of an in store coupon that is redeemable for cash or goods.