costco true earning amex card rewards

shiwen55

Hi guys,

Was wondering if I use Amex card (Costco one) for almost every day shopping, i.e. Tesco, M&S, petrol stations, even local grocery shop, I'd still get rewards for any purchase, thank you

Regards,

shiwen55

[Deleted User]

Yes, 3% for restaurants, 2% for travel and 1% for everything else.

shiwen55

camelot1971 wrote: »

Yes, 3% for restaurants, 2% for travel and 1% for everything else.

Does it have a cash value? Thinking Costco membership fee would be paid off

shiwen55

I meant can it have cash value but I doubt cause Amex is in form of vouchers to spend

sausage_time

The cashback is in the form of a Costco voucher (not cash). https://www.costco.co.uk/costco-trueearnings-card

msallen

sausage_time wrote: »

The cashback is in the form of a Costco voucher (not cash). https://www.costco.co.uk/costco-trueearnings-card

... that you can exchange for cash in Costco.

sausage_time

msallen wrote: »

... that you can exchange for cash in Costco.

Ah, did not know that - thanks. There would be no reason to not do that, because if you spend the voucher in Costco you would not get cashback on that spend.

[Deleted User]

I usually get about £150 a year back, which isn't so bad. Costco is terrible though for impulse purchases!!

msallen

camelot1971 wrote: »

Costco is terrible though for impulse purchases!!

I concur with the first three words regardless of the rest

I go in exactly once a year, when I get my Amex voucher. I see my Costco membership fee as just being in lieu of a fee for the card.

ic

Can confirm that you can exchange the voucher for cash. You can even do it at the till - but only if they have enough cash allowing them to continue with sufficient float for subsequent customers (I tried, but got directed to customer services).

shiwen55

Thank you guys, much appreciated, thumbs up