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AMEX Costco TrueEarnings: cashback on gas, in case you didn't know

Frequent Contributor

AMEX Costco TrueEarnings: cashback on gas, in case you didn't know

AMEX Costco TrueEarnings

3% cash back on gasoline at U.S. stand-alone gas stations, including at Costco, for purchases up to $4,000 per year (1% thereafter)

$4000 x 3% = $120 annual maximum 3% cash back for gas purchases (1% cash back above $4000)

 

AMEX Costco TrueEarnings Business

4% cash back on gasoline at U.S. stand-alone gas stations, including at Costco, for purchases up to $7,000 per year (1% thereafter)

$7000 x 4% = $280 annual maximum 4% cash back for gas purchases (1% cash back above $7000)

 

Reviewed my year-to-date spending by category on the American Express site. Gas purchases = $4025. Was planning to change cards for the remainder of the year to maximize my cash back when I realized the Business card has a higher cap.

Though I've been a member for 2 1/2 years, I just noticed the different caps today. Figured I would post this, in case someone else finds it useful.

 



09/30/2017 - EX 811 (Credit Scorecard EX FICO® Score 8, range 300-850)
11/20/2017 - TU 842 (Discover TU FICO® Score 8, range 300-850)
10/24/2017 - EQ 845 (Citi EQ FICO® Bankcard Score 8, range 250-900)
GOAL - 800! - App free since 11/22/2017
Message 1 of 6
5 REPLIES
Valued Contributor

Re: AMEX Costco TrueEarnings: cashback on gas, in case you didn't know

I used my Gas at Walmart and they offer like 0.15 off per gallon. I get 5% off $100 dollars at Walmart participate Gas Station.
Temp to apps for Amex TU in the future but I guess Walmart can do for gas and BCE goes for grocery so I pass ;(

Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Message 2 of 6
Valued Member

Re: AMEX Costco TrueEarnings: cashback on gas, in case you didn't know

Got approved for this in store yesterday. They pulled Experian
Message 3 of 6
Valued Contributor

Re: AMEX Costco TrueEarnings: cashback on gas, in case you didn't know

This card has been on and off my radar for years. But I'm happy with my lineup for now. Enjoying the garden. Smiley Happy

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 832 EX 783 TU 816
App free since 9/15/15
Message 4 of 6
Blogger

Re: AMEX Costco TrueEarnings: cashback on gas, in case you didn't know


nicholasyud wrote:
I used my Gas at Walmart and they offer like 0.15 off per gallon. I get 5% off $100 dollars at Walmart participate Gas Station.
Temp to apps for Amex TU in the future but I guess Walmart can do for gas and BCE goes for grocery so I pass ;(

How did you get that discount? That's one hell of a deal right there! 

Message 5 of 6
Valued Contributor

Re: AMEX Costco TrueEarnings: cashback on gas, in case you didn't know

log on their credit card website you should see it............

Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Message 6 of 6