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Valued Contributor
Duncanrr
Posts: 2,857
Registered: ‎06-08-2012
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Costco AMEX - what's the big deal?

Costco is planning on opening a store in New Orleans next summer. What's the big deal about Costco and more importantly what's the big deal about Costco AMEX?

This should open right around time of my refi. Should I consider the card for my second round of app spree?


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
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Established Contributor
migliogiorni
Posts: 657
Registered: ‎06-27-2012
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Re: Costco AMEX - what's the big deal?

Cosco Membership fee is waived with amex and you can buy in bulk for cheap.

 

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Established Contributor
cashnocredit
Posts: 1,028
Registered: ‎07-18-2009
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Re: Costco AMEX - what's the big deal?

It's free and you get 1% cash back.  Amex is the only CC CostCo accepts.

I have reestablished credit over the last couple years
so my moniker is, well, rather out of date.

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EandK23
Posts: 178
Registered: ‎09-12-2012
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Re: Costco AMEX - what's the big deal?

Hi Duncanrr... 

 

I am a huge proponent of Costco.  I have an executive membership that gives me 2% CB on my purchases excluding gas. Bttw, in my area, gas is always .10 cents cheaper than most gas stations. I shop for only items that I need and am a pretty frugal shopper to say the least. You can definitely get carried away at Costco.

 

 As for the Amex Costco card, I was recently approved for it and couldn't be happier. It gives decent cash back, and from my research, is the only card that is eligible for 3% CB at the Costco gas pump and a full 1% for Costco purchases. 

 

 

Regular Contributor
Chaos122
Posts: 204
Registered: ‎12-20-2010
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Re: Costco AMEX - what's the big deal?

Its a pretty good card, and since costco only accepts amex as a credit card, its convenient if your going to be shopping there.  You get 3% on Gas, 2% on Dining, and %1 on everything else.  The above poster is wrong, costco membership fee isnt waived with the amex, you still have to pay your membership fee,  There is just no annual fee for the Costco Amex card all you have to pay is your Costco Membership fee.  Good luck to You


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Duncanrr
Posts: 2,857
Registered: ‎06-08-2012
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Re: Costco AMEX - what's the big deal?

Thanks for info. All we have down here is Sams Club and I've never been to Costco. The Sams is on West Bank and a bit of a pain. The Costco is closer to uptown and easier for me to get to.

I'm going to app for another AMEX in June but it maybe SPG or BCP.


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
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creditnocash
Posts: 2,255
Registered: ‎07-23-2012
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Re: Costco AMEX - what's the big deal?

note that after 4k the 3% turns to 1%. on gas. 

 

and yes the costco membership isnt waived only the annual fee for the amex. 

 

and as for payments. costco does accept visa and mastercard but only as debit. otherwise they only accept amex(use my zync there) as credit. or cash. 

 

 

and yes the items they have there can easily turn into a 4-500 bill when only meant to go shopping for a few things. 

 

and never go there on an empty stomach. 

not only will you be prone to buy more but the samples will get you!. 

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LS2982
Posts: 15,434
Registered: ‎04-09-2011
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Re: Costco AMEX - what's the big deal?


creditnocash wrote:

note that after 4k the 3% turns to 1%. on gas. 

 

and yes the costco membership isnt waived only the annual fee for the amex. 

 

and as for payments. costco does accept visa and mastercard but only as debit. otherwise they only accept amex(use my zync there) as credit. or cash. 

 

 

and yes the items they have there can easily turn into a 4-500 bill when only meant to go shopping for a few things. 

 

and never go there on an empty stomach. 

not only will you be prone to buy more but the samples will get you!. 


Very true!!!!! :smileyvery-happy:

 




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Senior Contributor
jsucool76
Posts: 3,670
Registered: ‎12-11-2011
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Re: Costco AMEX - what's the big deal?

Samples are the best part of costco.
>
Established Contributor
Cdnewmanpac
Posts: 766
Registered: ‎01-16-2012
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Re: Costco AMEX - what's the big deal?

Costco is actually the reason I got a Zync card in the first place. I got tired/wary of using my debit card at Costco and have found the NPSL feature to be useful there.

 

In addition to food, windshield wipers, etc. Costco forms relationships with local and national service providers and offers the services through Costco, often at a substantial savings and always with the backing of Costco. We have purchased a car through the costco auto program, a heating/cooling system, a trip to italy, homeowners insurance (later replaced with USAA), etc.

 

They are also one of the largest retailers of fine wine in the country. They are an excellent source for vintage champagne, sauternes, oregon pinot, cult cabs, washington wines and CdP. 

 

I originally planned to try for the Amex TE card, but don't think my credit is quite there yet. I will in another year or so, mostly because of the backdating (88) and because it is free.

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