Costco True Earnings American Express

dazza.mk

Very specific targetting but Costco have launched an American Express card that may be useful for some:

1) You need to be a Costco member to get a card
2) There is a £20 Annual fee (above and beyond Costco membership)
3) 3% Cashback on restaurant purchases , 2% Cashback on Travel purchases, 1% cashback on all other purchases (the 1% level only has a maximum of £300 p.a.)

Cashback in the form of a voucher to spend at Costco that (according to T&C's) you can also encash at your local Costco warehouse.

Also...... as a side effect of this Costco now also takes Amex as well as Debit cards :T

chattychappy

dazza.mk wrote: »

Also...... as a side effect of this Costco now also takes Amex as well as Debit cards :T

I thought Costco always took Amex.... well... I've never shopped in Costco in the UK. But when I used them abroad I recall it was either Amex, cash/debit, or whatever local visa/mastercard they had affiliated with.

OllyM

chattychappy wrote: »

I thought Costco always took Amex.... well... I've never shopped in Costco in the UK. But when I used them abroad I recall it was either Amex, cash/debit, or whatever local visa/mastercard they had affiliated with.

Not in the UK - I think they started taking Amex about three weeks ago in the UK.

dazza.mk

chattychappy wrote: »

I thought Costco always took Amex.... well... I've never shopped in Costco in the UK. But when I used them abroad I recall it was either Amex, cash/debit, or whatever local visa/mastercard they had affiliated with.

It says in an article about it that the Costco/Amex partnership exists in a couple of countries (incl. USA) and they've expanded to the UK (and hence started taking Amex here.

payless

yep just cancelled a dormant Amex card to apply for this costco amex ( have to do in store )

dazza.mk

Payless

Are you aware of https://www.Amextoptreats.co.uk , can't say for sure if it will work with True Earnings, but if it does the Restaurant reward would be fairly stunning!

payless

Cheers, no I wasn't aware - I'll take a look although I get the impressionn the sort of places that usually do special deals ( in similiar way to Taste card) often ask for prebook .. but are the type of places I go on spec.

kazd

In the states they also get 3% on all gasoline purchases. Pity we can't get that, we would be rolling in it with the cost of our gasoline.

cosmicirons

Its great 3% at my favourite Restaurant Nando's.

The card is better than using your debit card as you get something back almost every time. ditching Debit card getting Amex!!1

IDentiFi

Can anyone tell me which restaurants & travel companies result in the extra cashback? It needs some careful calculation to determine whether this is a better deal that my current Amex Platinum card, which can pay up to 3% on all transactions once I have spent enough in the year, and no maximum payout on any category.