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The American Express Costco TrueEarnings Card review

This card is no longer available, but you can use this page to compare alternatives.

For frequent shoppers at Costco, this handy card combined membership and benefits. As of May 2019, it card has been discontinued and is no longer available. However, this information has been kept for historical purposes. You can use this page to browse the range of credit cards currently available from American Express and to compare similar cards from other issuers.

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Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
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By

Chris Lilly

Updated

Fact checked

22.9%

Representative APR

£0

Account fee

6 months

0% interest on purchases

Up to 56 days

Interest-free each billing period

Details

IssuerAmerican Express
NetworkAmex
Annual/monthly fees£0
Purchases0% for 6 months reverting to 22.9%
Purchases interest-free periodUp to 56 days
Cash advances27.9%
Maximum credit limitSubject to status
Incentive
Earn 3% cashback on virtually all restaurant dining, 2% on nearly all travel bookings, and 1% virtually everywhere else. Cashback paid as a yearly Costo voucher.
Minimum Age18
ResidencyUK resident and has a UK bank or building society account.
AvailabilityAvailable to new customers
Annual/monthly fees£0
Foreign usage charge (EU)2.99%
Foreign usage charge (rest of world)2.99%
Cash advance fee3% (min. £3)
Late payment fee£12
Exceeding limit fee£12
Additional card fee£0
Replacement card fee£0
Dormancy fee£0
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Compare other Amex credit cards

1 - 3 of 3
Updated daily
Name Product Purchases Annual/monthly fees Initial credit limits Representative APR Incentive Link
The American Express Rewards® Credit Card
Finder Award
The American Express Rewards® Credit Card
29.7%
£0
Min. limit £500, max. limit not specified.
29.7% APR (variable)
Earn 1 Membership Rewards® point for every £1 spent thereafter. Earn up to 90,000 bonus points per year through refer a friend, 4,000 points awarded for every friend approved. 1 point = 0.45p (min 1000 points) to shop, other rewards have differing conversions
Representative example: When you spend £1,200 at a purchase rate of 29.7% (variable) p.a., your representative rate is 29.7% APR (variable).
Check eligibility
Read review
American Express® Nectar Credit Card
Finder Award
American Express® Nectar Credit Card
29.7%
Year 1 - £0, Year 2 onwards - £25 per annum
Min. limit £700, max. limit not specified.
35.3% APR (variable)
Earn 20,000 bonus Nectar points when you spend £2,000 in your first 3 months. Earn a minimum of 3 Nectar points for virtually every £1 spent at Nectar partners, and 2 Nectar points for virtually every £1 spent elsewhere.
Representative example: When you spend £1,200 at a purchase rate of 29.7% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £25 per annum, your representative rate is 35.3% APR (variable).
Check eligibility
Read review
American Express® Preferred Rewards Gold Credit Card
Finder Award
American Express® Preferred Rewards Gold Credit Card
29.7%
Year 1 - £0, Year 2 onwards - £160 per annum
Min. limit £700, max. limit not specified.
73.8% APR (variable)
2 points earned per £1 spent on travel related purchases and spending abroad. 3 points for every £1 spent when booking through American Express Travel.
Representative example: When you spend £1,200 at a purchase rate of 29.7% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £160 per annum, your representative rate is 73.8% APR (variable).
Check eligibility
Read review
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1 - 2 of 2
Updated daily
Name Product Purchases Annual/monthly fees Initial credit limits Representative APR Incentive Link
American Express® Platinum Cashback Everyday Credit Card
Finder Award
American Express® Platinum Cashback Everyday Credit Card
29.7%
£0
Min. limit £700, max. limit not specified.
29.7% APR (variable)
New cardmember offer: Get 5% cashback on your purchases (up to £100) for the first three months of Cardmembership. Terms apply. Spend £0 to £10,000 and receive 0.5% cashback on all purchases. Spend over £10,000 and receive 1% cashback on purchases.
Representative example: When you spend £1,200 at a purchase rate of 29.7% (variable) p.a., your representative rate is 29.7% APR (variable).
Check eligibility
Read review
American Express® Platinum Cashback Credit Card
Finder Award
American Express® Platinum Cashback Credit Card
29.7%
£25 per annum
Min. limit £700, max. limit not specified.
35.3% APR (variable)
New cardmember offer: Get 5% cashback on your purchases (up to £125) for the first three months of Cardmembership. Terms apply. Spend £0 to £10,000 and receive 0.75% cashback on all purchases. Spend over £10,000 and receive 1.25% cashback on purchases.
Representative example: When you spend £1,200 at a purchase rate of 29.7% (variable) p.a. with a fee of £25 per annum, your representative rate is 35.3% APR (variable).
Check eligibility
Read review
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1 - 3 of 3
Updated daily
Name Product Purchases Annual/monthly fees Initial credit limits Representative APR Incentive Link
British Airways American Express® Credit Card
Finder Award
British Airways American Express® Credit Card
29.7%
£0
Min. limit £700, max. limit not specified.
29.7% APR (variable)
Earn 1 Avios for virtually every £1 spent. Spend £12K each year and get a travel companion voucher when redeeming Avios for a BA reward flight. - Earn up to 90,000 bonus Avios points per calendar year, 4,000 points per friend/family member that successfully applies for an American Express card (Excl. Basic card) and uses the Referral Programme. Avios value varies dependent on reward (min 1000pts for flights)
Representative example: When you spend £1,200 at a purchase rate of 29.7% (variable) p.a., your representative rate is 29.7% APR (variable).
Check eligibility
Read review
American Express® Preferred Rewards Gold Credit Card
Finder Award
American Express® Preferred Rewards Gold Credit Card
29.7%
Year 1 - £0, Year 2 onwards - £160 per annum
Min. limit £700, max. limit not specified.
73.8% APR (variable)
2 points earned per £1 spent on travel related purchases and spending abroad. 3 points for every £1 spent when booking through American Express Travel.
Representative example: When you spend £1,200 at a purchase rate of 29.7% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £160 per annum, your representative rate is 73.8% APR (variable).
Check eligibility
Read review
British Airways American Express® Premium Plus Card
Finder Award
British Airways American Express® Premium Plus Card
29.7%
£250 per annum
Min. limit £700, max. limit not specified.
110.7% APR (variable)
Earn 25,000 bonus Avios when you spend £3,000 in your first 3 months of Cardmembership. Terms apply. 18+, subject to status. New Cardmembers Only

Representative example: When you spend £1,200 at a purchase rate of 29.7% (variable) p.a. with a fee of £250 per annum, your representative rate is 110.7% APR (variable).
Check eligibility
Read review
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1 - 3 of 3
Updated daily
Name Product Purchases Annual/monthly fees Initial credit limits Representative APR Incentive Link
American Express® Preferred Rewards Gold Credit Card
Finder Award
American Express® Preferred Rewards Gold Credit Card
29.7%
Year 1 - £0, Year 2 onwards - £160 per annum
Min. limit £700, max. limit not specified.
73.8% APR (variable)
2 points earned per £1 spent on travel related purchases and spending abroad. 3 points for every £1 spent when booking through American Express Travel.
Representative example: When you spend £1,200 at a purchase rate of 29.7% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £160 per annum, your representative rate is 73.8% APR (variable).
Check eligibility
Read review
British Airways American Express® Premium Plus Card
Finder Award
British Airways American Express® Premium Plus Card
29.7%
£250 per annum
Min. limit £700, max. limit not specified.
110.7% APR (variable)
Earn 25,000 bonus Avios when you spend £3,000 in your first 3 months of Cardmembership. Terms apply. 18+, subject to status. New Cardmembers Only

Representative example: When you spend £1,200 at a purchase rate of 29.7% (variable) p.a. with a fee of £250 per annum, your representative rate is 110.7% APR (variable).
Check eligibility
Read review
The Platinum Card® by American Express
Finder Award
The Platinum Card® by American Express
29.7%
£575 per annum
Min. limit £700, max. limit not specified.
464.4% APR (variable)
Earn 60,000 Membership Rewards® points plus £200 Credit towards your next getaway with Amex Travel Online when you spend £6,000 in your first 6 months of Cardmembership. Offer ends 13 June 2023. Terms apply.
Representative example: When you spend £1,200 at a purchase rate of 29.7% (variable) p.a. with a fee of £575 per annum, your representative rate is 464.4% APR (variable).
Check eligibility
Read review
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Overview

The The American Express Costco TrueEarnings Card is essentially a clever way to get Costco membership without the fee, along with a range of cashback rewards.

The benefits aren’t just limited to Costco, with a zero introductory interest rate on purchases and a decent cashback reward on all restaurant bills and travel.

With no annual fee and an average APR rate, this card could prove worthwhile for regular Costco shoppers.

Comparison of rewards credit cards

Table: sorted by representative APR, promoted deals first
Updated daily
Name Product Purchases Annual/monthly fees Representative APR Link Incentive Representative example
M&S Bank Shopping Plus Credit Card
M&S Bank Shopping Plus Credit Card
0% for 18 months reverting to 23.9%
£0
23.9% APR (variable)
Check eligibility
Read review
1 point per £1 spent with M&S and 1 point per £5 spent elsewhere. Enjoy 55 days interest free, preferential rates plus no cash advance fee when buying M&S travel money with the card.
Representative example: When you spend £1,200 at a purchase rate of 23.9% (variable) p.a., your representative rate is 23.9% APR (variable).
M&S Bank Credit Card Transfer Plus Offer Mastercard
M&S Bank Credit Card Transfer Plus Offer Mastercard
0% for 3 months reverting to 23.9%
£0
23.9% APR (variable)
Check eligibility
Read review
1 point per £1 spent with M&S and 1 point per £5 spent elsewhere. Enjoy 55 days interest free, preferential rates plus no cash advance fee when buying M&S travel money with the card.
Representative example: When you spend £1,200 at a purchase rate of 23.9% (variable) p.a., your representative rate is 23.9% APR (variable).
Royal Bank of Scotland Reward Credit Card
Royal Bank of Scotland Reward Credit Card
21.9%
£24 per annum. Reward or Reward Black Current Account holders: £0 per annum
26.8% APR (variable)
Go to site
Read review
Earn 1% back at supermarkets and 0.25% back everywhere else, including supermarket petrol stations. At selected retailers, you could earn 1-15% back.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a. with a fee of £24 per annum. Reward or Reward Black Current Account holders: £0 per annum, your representative rate is 26.8% APR (variable).
NatWest Reward Credit Card
NatWest Reward Credit Card
21.9%
£24 per annum. Reward or Reward Black Current Account holders: £0 per annum
26.8% APR (variable)
Go to site
Read review
You'll earn 1% back at supermarkets and 0.25% back everywhere else, including supermarket petrol stations. At selected retailers, you could earn 1-15% back.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a. with a fee of £24 per annum. Reward or Reward Black Current Account holders: £0 per annum, your representative rate is 26.8% APR (variable).
Santander All in One Credit Card
Santander All in One Credit Card
0% for 15 months reverting to 21.9%
£3 per month
27.7% APR (variable)
Check eligibility
Read review
0.5% after £1 of monthly spend. Cashback paid Monthly into Card Account. Maximum spend for cashback purposes is limited to credit limit.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a. with a fee of £3 per month, your representative rate is 27.7% APR (variable).
American Express® Platinum Cashback Everyday Credit Card
Finder Award
American Express® Platinum Cashback Everyday Credit Card
29.7%
£0
29.7% APR (variable)
Check eligibility
Read review
New cardmember offer: Get 5% cashback on your purchases (up to £100) for the first three months of Cardmembership. Terms apply. Spend £0 to £10,000 and receive 0.5% cashback on all purchases. Spend over £10,000 and receive 1% cashback on purchases.
Representative example: When you spend £1,200 at a purchase rate of 29.7% (variable) p.a., your representative rate is 29.7% APR (variable).
The American Express Rewards® Credit Card
Finder Award
The American Express Rewards® Credit Card
29.7%
£0
29.7% APR (variable)
Check eligibility
Read review
Earn 1 Membership Rewards® point for every £1 spent thereafter. Earn up to 90,000 bonus points per year through refer a friend, 4,000 points awarded for every friend approved. 1 point = 0.45p (min 1000 points) to shop, other rewards have differing conversions
Representative example: When you spend £1,200 at a purchase rate of 29.7% (variable) p.a., your representative rate is 29.7% APR (variable).
British Airways American Express® Credit Card
Finder Award
British Airways American Express® Credit Card
29.7%
£0
29.7% APR (variable)
Check eligibility
Read review
Earn 1 Avios for virtually every £1 spent. Spend £12K each year and get a travel companion voucher when redeeming Avios for a BA reward flight. - Earn up to 90,000 bonus Avios points per calendar year, 4,000 points per friend/family member that successfully applies for an American Express card (Excl. Basic card) and uses the Referral Programme. Avios value varies dependent on reward (min 1000pts for flights)
Representative example: When you spend £1,200 at a purchase rate of 29.7% (variable) p.a., your representative rate is 29.7% APR (variable).
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How to apply

If you want to get up and running with this rewarding Amex card before your next trip to Costco, simply visit the Amex site to complete the secure application form, which takes about 15 minutes. Before you apply, check that you meet the eligibility requirements and have the information and documents you’ll need to make the process as straightforward as possible.

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