The TrueEarnings® Business Card from Costco and American Express OPEN is a tempting credit card for many businesses. With two familiar names that breed a feeling of trust, Costco and American Express have joined forces to offer a business credit card that comes with a plethora of benefits. Compare credit card offers now!
Small, medium, and large businesses can enjoy the no annual fee American Express credit card from Costco. In addition, the card comes equipped with benefits and rewards that will be discussed in this review.
The TrueEarnings American Express BUSINESS credit card is not for every business, but if you are a member of Costco and have been in business for more than two years then you may qualify. A strong credit history and positive cash flow will increase your chances for approval.
Cash Back Benefits for the TrueEarnings® Business Card from Costco and American Express OPEN
With the TrueEarnings® Business Card from Costco and American Express OPEN, the cash back benefits are unlimited. Gasoline purchases are rewarded the highest level, 4% for annual gasoline purchases of up to $7,000 (1% thereafter). Purchases made after that continue to earn 1% cash back.
Restaurants earn 2% while travel earns 2% and all other purchases earn 1% cash back. Business owners can even use their TrueEarnings® Business Card from Costco and American Express OPEN to earn cash back with purchases made at Costco.
Warranty Protection with the TrueEarnings® Business Card from Costco and American Express OPEN
Many items come with a manufacturer’s warranty, and for some things you can buy an extended warranty. When using your Costco American Express credit card, you automatically get extended warranty protection for up to $10,000.
Provided the equipment you are buying comes with an original warranty that is five years or less, your Costco business credit card extends the manufacturer warranty by one full year. Purchases must qualify for participation and the cost of the replacement value cannot exceed the credit card purchase amount.
Purchase Protection with the TrueEarnings® Business Card from Costco and American Express OPEN
As a business owner, many purchases are expensive and detrimental to your business if they should become damaged or stolen. Purchases made with the Costco American Express card are automatically insured for $1,000 up to 90 days from the day of the purchase. If you think you may qualify for this credit card, compare it to others for free now to see how it measures up to other credit cards.
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