Costco TrueEarnings American Express

abhi63

Hi,

I'm a Costco member and thinking about getting this credit card for the cashback.
Is it worth it over the Platinum Cashback Everyday or the Platinum Cashback?

I already have a Preferred Rewards Gold Charge Card that I'm looking to replace with one of the above 3 credit cards. I have a Halifax Clarity for overseas purchases and a standard NatWest credit card that gives me no benefits

Thanks

[Deleted User]

What benefits does it have?

abhi63

Thanks for the quick reply. I can't post links yet to the full page.

Theses are the main benefits:

Pays 3% cashback rewards on virtually all your restaurant dining (no maximum)
Pays 2% cashback rewards on nearly all your travel bookings (no maximum)
Pays 1% cashback rewards at Costco and almost everywhere else (maximum £300 cashback rewards in 12 months)

Thanks

chanz4

I spent £5k on it this year and got a £70 voucher

abhi63

chanz4 wrote: »

I spent £5k on it this year and got a £70 voucher

Great! So that worked out as 1.4% for you? Better than the 1.25% from either of the Platinum cards.

chanz4

had it two years, works out very well

System

Just be aware that Costco have dumped Amex with the US version of this card...
May not happen here but something to be aware of.

OllyM

Heng_Leng wrote: »

Just be aware that Costco have dumped Amex for MasterCard with the US version of this card.

May not happen here but something to be aware of.

Visa/Citibank in the US, MasterCard/Capital One in Canada

reclusive46

Heng_Leng wrote: »

Just be aware that Costco have dumped Amex for MasterCard with the US version of this card.

May not happen here but something to be aware of.

They renewed their UK and Japanese exclusivity agreement last year for another five years,

chanz4

be even better if they do, as can then use it more places

msallen

I've never been attracted to Costco for my shopping, but looking at this card now, the 2% on travel is very attractive as I spend tens of thousands a year on travel as work expenses, and 2% is far better than what I currently get.

Is there anything to stop me paying £30 a year to be a member of Costco so that I can get the card, but never actually shopping there. Is the cashback actually cash, or Costco vouchers?