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You are right. So the real benefit of Costco Amex is a free upgrade from Gold Membership to Executive Membership. ($50 annual savings).
Am I right?
@-Cain- wrote:
OP, congrats and nice CL!2% from Gold? I know executive gives 2%, I thought Gold was the basic no reward membership.
@chen9810 wrote:Why do you apply costo amex? I think other Amex cards can also been used at Costo. Costo Amex gives 3% rewards at Costco, but 2% of them are actually from Costco Gold Membership, you are actually getting 1% from using the card.
That's a good question. I'm not sure if it upgrades one's membership level or not, I already had Executive when I signed up.
@chen9810 wrote:You are right. So the real benefit of Costco Amex is a free upgrade from Gold Membership to Executive Membership. ($50 annual savings).
Am I right?
@-Cain- wrote:
OP, congrats and nice CL!2% from Gold? I know executive gives 2%, I thought Gold was the basic no reward membership.
@chen9810 wrote:Why do you apply costo amex? I think other Amex cards can also been used at Costo. Costo Amex gives 3% rewards at Costco, but 2% of them are actually from Costco Gold Membership, you are actually getting 1% from using the card.
The card doubles as your Costco card you get your picture on the back of it and yes it's also the Executive card and it pays for itself, great card I love mine!
either way congrats on the card, thats a nice limit.
One day I/we will get that costco card!
Regardless, i like the cash back even thought for costco only 1%, but I alwaus think this way, it may look like very tiny amount but it add up. I like the 3% cash back for gas which is great.
Thanks everybody for all your great advice. Love this forum
+1
@emily504 wrote:Regardless, i like the cash back even thought for costco only 1%, but I alwaus think this way, it may look like very tiny amount but it add up. I like the 3% cash back for gas which is great.
Thanks everybody for all your great advice. Love this forum
@Repo-ed wrote:One day I/we will get that costco card!
Same here, I remember I applied two times back in the day (about four years ago) when I had no knowledge of how credit scores worked and was always denied! LOL, now I am working towards reaching this goal on the right path!