TrueEarnings Business Card from Costco and American Express OPEN

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Apply online for TrueEarnings<sup>®</sup> Business Card from Costco and American Express OPEN

TrueEarnings^® Business Card from Costco and American Express OPEN
This card is best for the established business consumer who has a strong credit history and who routinely shops at Costco.

Intro APR
0%

Regular APR
15.24%

Intro APR Period
6 months

Credit Score
Excellent

Card Category
Business, Cash Back

CardRatings

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Credit Type

Required Score

Excellent Credit

750 — 850

Good Credit

690 — 749

Fair Credit

640 — 689

Poor Credit

Poor

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Credit Card Review

by Card Expert Curtis Arnold

Similar to the personal card, this business card is loaded with rewards plus. First, the cardholder earns 4% cash back for annual gasoline purchases up to $6,000, and 1% thereafter. The consumer also earns 2% cash back at restaurants, 2% for travel, and 1% everywhere else, including Costco. There is no annual fee with a paid Costco membership. Additional cards to employees offer consolidation and control of business spending and more savings on business purchases. The downside of this card is a higher than normal APR, however there is a 0% introductory APR.

TrueEarnings^® Business Card from Costco and American Express OPEN Details

Card Issued By:

American Express

General Correspondence Address:

200 Vesey Street New York NY 10285

Card Type:

American Express

Card Class:

Signature

Card Category:

Business, Cash Back

States Available In:

ALL

Minimum Credit Limit:

Maximum Credit Limit:

Credit Limit Notes:

Credit Card Rate Information

Purchase

Balance Transfer

Cash Advance

Index:

Prime

N/A

Prime

Margin:

11.99

N/A

17.99

Standard APR:

15.24%

N/A

21.24% Variable

Standard APR Floor:

N/A

Introductory Rate:

N/A

Introductory Period:

6 months

N/A

Finance Calculation Method:

Average Daily Balance

Purchase Grace Period:

25 days

Default/Penalty APR:

27.24% Variable.

Default/Penalty Margin:

23.99

Default/Penalty APR Floor:

N/A

Maximum Default APR:

27.24%

Penalty/Default Trigger:

Penalty APR will apply to all balances on your account if: you make 2 late payments in 12 months; you go over your credit limit 3 times in a 12-month period; or you make a payment that is returned

Credit Card Fee Information

Annual Fee:

None with your paid Costco Membership

Foreign Transaction Fee:

2.70%

Late Fee:

Up to $35 max.

Over-the-limit Fee:

N/A

Balance Transfer Fee:

Cash Advance Fee:

3% ($5 min. )

Rebates/Notes

Rebate Description:

Straight cash back - 4% for annual gasoline purchases of up to $6,000 (1% thereafter), 2% for restaurants, 2% for travel, 1% everywhere else, including Costco.

Special Notes:

Straight cash back-4% for annual gasoline purchases of up to $6,000 (1% thereafter), 2% for restaurants, 2% for travel, 1% everywhere else, including Costco.