Credit Card Review: TrueEarnings® Business Card from Costco and American Express

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Estimate Reward Earnings

Whether you own a business or plan to start running one, the TrueEarnings® Business Card from Costco and American Express may be a perfect match for you. It comes with a variety of features and services that are specially designed to help manage and develop small businesses.

TrueEarnings® Business Card offers so many tempting perks and benefits that it has all chances to become your primary card. Costco accepts only American Express credit cards, so it means fewer plastics in your wallet. There is no fee for this card with a paid Costco membership.

Credit card holders can take advantage of 0% intro APR on purchases for three months and 1.99% fixed introductory rate on balance transfer for six months. So you can kill two birds with one stone. You will be able to transfer your balance and make any purchases without incurring interest.

Business-centric benefits make the TrueEarnings® Business Card one of the most attractive business plastics in the marketplace. It offers special online tools to view the up-to-date billing information and create customized reports from your spending data. Moreover, the credit card enables you to give additional cards to employees to consolidate, control and analyze business expenditures. It will help to simplify the process of accounting and expedite the growth of your business.

Aside from those benefits, TrueEarnings® Business Card offers shopping privileges for everyday business expenses from affiliate merchants. The OPEN Savings® program gives automatic discounts up to 25% on purchases at FedEx, Hertz, Logoworks, JetBlue and other partners.

In addition to these perks, the card provides special services that can be helpful when you are traveling or shopping: the travel accident insurance, the baggage insurance, extended warranty protection on items purchased at Costco and all other stores. Online fraud protection guarantee covers your card against unauthorized or fraudulent charges.

(Review Updated: May 12, 2008)

Estimate Reward Earnings

0% Intro APR on Purchases for 3 months
14.99% Regular Variable APR for Purchases
20.99% Regular Variable APR for Cash Advances

20 days Grace Period

(* 1.99% Intro APR on Balance Transfers for 6 months)

Finance Configuration: Average daily balance (including new purchases)

Additional Cardholders: n/a

Late Payment Fee: $15 on balances less than $400 and $35 on balances $400 or greater

Over-The-Limit Fee: $30

Cash Advance Fee: 3% of each transaction with $5.00 minimum and no maximum

Balance Transfer Fee: There is no balance transfer transaction fee associated with this offer. However, future balance transfers may incur a fee as disclosed at the time of the applicable offer or transaction

Minimum Credit Limit: n/a

Maximum Credit Limit: n/a

Type of Reward: Rebate

Rebate Minimum: 5%

Rebate Maximum: 1%

Additional Rebates: 2% for travel purchases from airline, lodging, car rental, cruise line, travel agency and tour operator merchants

Rebate Details: 5% for buying gas.
3% for dining out.
1% on all other Eligible Purchases.
Rebates are awarded annually in the form of an in-store coupon.

Additional Features for TrueEarnings® Business Card from Costco and American Express:

Travel Accident Insurance.
The Car Rental Loss and Damage Insurance Plan.
The Buyer's Assurance Plan.
The Purchase Protection Plan.
Emergency Card Replacement.
Global Assist® Hotline.

Important Notes for TrueEarnings® Business Card from Costco and American Express:

See website for complete terms and conditions of card usage and application disclosure.

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Notes: The review on TrueEarnings® Business Card from Costco and American Express was updated on May 12, 2008. The review is believed to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application.