The Must Have Card for Costco … but just Costco
American Express Costco TrueEarnings is essential for those individuals and families who shop at Costco. Although Costco accepts debit cards, few bank cards offer users with rebates or reward points. For this reason, users seeking the greatest return on credit card usage must opt for the AMEX Costco Card. The lack of alternate options renders other credit cards irrelevant when shopping at Costco.
Although I enjoy the potential to earn 1%, 2%, and 3% rebates, I also find it frustrating to wait an entire calendar year to redeem the reward. The TrueEarnings Reward Voucher comes once a year with my February statement and previously ranged from $150 to $225. It’s important to remember that the annual rebate is also offset by the annual Costco membership fee. In the end, the annual reward is not as gratifying as other reward programs that offer month cash back rebates.
With regards to ordinary transactions, the AMEX TrueEarnings card suffers the same problems as other AMEX cards. That is, AMEX cards are not as widely accepted as VISA and Mastercard by merchants and vendors. AMEX therefore is my default card and I only use it as a last resort. And even then, I often bring a VISA debit card as a back-up option when all else fails. It’s awkward being told that I can’t use the AMEX.
Would I recommend the AMEX TrueEarning Card to other people? Only if they frequently shop at Costco.