My Thoughts On The TrueEarnings Card from Costco and American Express

I’ve been trying out the TrueEarnings Card from Costco and American Express since the summer and whether it’s for purchasing clothes, gas or groceries, it is now the rewards credit card I use the most. With no annual fee and a cash-back rebate each year, this card has some great benefits for the rational consumer. In this post, I’d like to recap some of my favourite features of the Card.

Front of The Line

American Express offers Front of The Line, which gives advance ticket access to Cardmembers. I haven’t had the chance to take advantage of this perk, but there have been some very big concerts, musicals and plays to which Amex offers Cardmembers an opportunity to buy tickets in a presale to beat the rush. After many failed attempts at buying decent tickets in the past, I will definitely be looking to see what I can get in advance through Front of The Line.

Insurance Benefits

The TrueEarnings Card has some great insurance benefits as well. What’s impressive is that this card offers benefits equal to many cards that charge an annual fee. There is travel accident insurance for up to $100,000 as well as a purchase protection plan that insures eligible purchases against accidental physical damage and theft. The buyer assurance protection plan will double the manufacturer warranty by as much as one additional year.


The TrueEarnings Card is probably best known for its cash back rewards, and it’s what attracted me to it since I’m a Costco member and shop inside the store and get gas there every week.

First off, there’s the 1% cash-back on most of your regular purchases. And that’s not just at Costco, the cash-back applies anywhere you use your card. But it gets better for certain purchases. You’ll get 2% cash-back when you fill up on gas and 3% cash-back at eligible restaurants.

Since I first tried the TrueEarnings Card from Costco and American Express, it has been a great tool to help with budgeting, and the cash-back and other perks of the card will keep me using it as my main credit card in the future.

Written by Tom Drake

Tom Drake is the owner and head writer of Canadian Finance Blog. While you’re here, consider signing up for the RSS feed or email subscription. Both deliver the latest articles directly to you! You can also follow me on Twitter for all the latest posts or to send me any comments or questions!

5 Responses to My Thoughts On The TrueEarnings Card from Costco and American Express

  1. Unfortunately, Amex support in Europe is sufficiently crappy that you would need another card to be on the safe side… and if you have another card anyways, why have two of them….

  2. I went to pay with my Venture card at Costco the other day, and completely forgot they only accept Amex. I almost did a face palm since we have been recommending this card on Creditshout for a few years now because of it’s solid cash back program. I will probably be applying for this card in the next few months, now that we are doing a lot more shopping at Costco – one just opened right down the street, and it’s awesome.

  3. Cash back on everyday purchases is not 1% flat. It is upto 1% (read finelines: 0.25% upto $1000 purchase, 0.5% on next $2000 & 1% on any amount over $3000)

  4. But if you have a Platinum cashback amex from costco do not switch to this card. amex has tried to switch me over several times claiming the new card is better. this is simply a lie the old platinum card give me 2% on all purchases everwhere all the time i get back the maximum $500 every year. in order to get that with the new card i have to spend way more.

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