American Express Costco Business
American Express Costco Business
American Express is a NerdWallet Partner
American Express Costco Business
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.
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 Costco Business | ||
---|---|---|
Learn more | Learn more | |
Annual fee$0 | Annual fee$99 | Annual fee$199 |
Regular APR15.99% Variable | Regular APRSee Terms | |
Intro APRPurchase: 0% for 6 mos | Intro APR0% intro APR for 15 months on balance transfers made within 45 days of account opening. After that, a variable APR will apply, 21.24%-29.99%. | Intro APRN/A |
Recommended Credit Score |
Recommended Credit Score |
Recommended Credit Score |
NerdWallet review
By Tim Chen
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Rating details
3.5
Editor's overall rating
Pros and cons
Pros
No annual fee
Cons
Needs excellent credit
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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.