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Costco AMEX - what's the big deal?

Frequent Contributor

Re: Costco AMEX - what's the big deal?

I put every purchase I can through my Costco Amex.

 

I PIF every month and so I pay no interest charges.  Las year I got a check for over $500.  

 

How's that for a reason?   Smiley Happy

 

My retired mom actually works giving out the samples.  I call it the Costco Buffet. 

bobebob || Nov: My FICO SW EQ(Upgraded Version) = 822 ||Sept: Walmart TU Fico=838Goal = FICO's>800 || In my wallet: CostcoAmEx(20k), DCU Visa Platinum (10k), BoA Visa Signature (17.1k), Walmart Discover (7.5k), AmEx Corporate (5k). All PIF every month.
Established Contributor

Re: Costco AMEX - what's the big deal?

For warehouse shoppers in the Northeast, I recommend BJ's Wholesale.  They are the only warehouse store that accepts Visa.


Starting Score: TU: 566
Current Score: TU: 741 (Discover FICO); EQ: 755 (MyFico) EX: 774 (FAKO)
Goal Score: 800

Take the FICO Fitness Challenge
Regular Contributor

Re: Costco AMEX - what's the big deal?

It also looks pretty awesome Smiley Tongue

 

Goal: 700 and an Amex Card!

Chicks Dig Guys With Good Credit Smiley Happy
Established Contributor

Re: Costco AMEX - what's the big deal?

I guess I'm about to find out what the big deal is!  I've received 2 emails from Costco in the past 2 months that promoted the Amex Costco TE card.  In yesterday's email, they offered $50 for spending $500 in the first 90 days.  I found myself clicking the "Apply" button within the email last night.  I was instantly approved (and no, I'm not talking about getting the 7-10 day message and then checking the app status and seeing "approved").  I submitted the app and the next screen I saw contained the words "congratulations" and "approved."  Not used to seeing that from Amex!

 

The only thing this app cost me was a HP on Experian (I now have 3 HPs on Experian, 2 of them are from Amex).  The 3% cash back on gas is what really motivated me....well, that and the 23 years of backdating.  My new car requires premium unleaded, so I try to fill up at my local Costco and the 3% cash back will be a nice benefit.

 

Does anyone know if the 2% on dining only applies to dine-in restaurants?  Or does it also apply to fast food/take out?

FICOs: TU08 850 EQ08 850 EX08 849

My Wallet: Amex Gold NPSL; Amex Optima Platinum $25K; Amex BCE $12K; BofA Visa $10.1K; BofA TR Visa $18K; Cap1 Quicksilver Visa Sig $10K; CSP $28.2K; Chase Freedom $13K; Citi Costco Visa $19.3K; Citi Double Cash $13.5K; Citi Simplicity Visa $23.3K; Discover IT $50K; Fidelity Amex $25K; PenFed Plat Rewards Visa Sig $50K; Sallie Mae WMC $17.5K; Sears MC $10.1K; US Bank Cash+ Visa Sig $26K; Walmart Discover $10K; Wells Fargo Rewards Visa Sig $14K
Valued Contributor

Re: Costco AMEX - what's the big deal?


CribDuchess wrote:

I guess I'm about to find out what the big deal is!  I've received 2 emails from Costco in the past 2 months that promoted the Amex Costco TE card.  In yesterday's email, they offered $50 for spending $500 in the first 90 days.  I found myself clicking the "Apply" button within the email last night.  I was instantly approved (and no, I'm not talking about getting the 7-10 day message and then checking the app status and seeing "approved").  I submitted the app and the next screen I saw contained the words "congratulations" and "approved."  Not used to seeing that from Amex!

 

The only thing this app cost me was a HP on Experian (I now have 3 HPs on Experian, 2 of them are from Amex).  The 3% cash back on gas is what really motivated me....well, that and the 23 years of backdating.  My new car requires premium unleaded, so I try to fill up at my local Costco and the 3% cash back will be a nice benefit.

 

Does anyone know if the 2% on dining only applies to dine-in restaurants?  Or does it also apply to fast food/take out?


the gas stops at 4k a year of purchased gas just to let you know. 

and as for the restaurants in the t&c just says us restaurants. doesnt specify. 

 

btw what limit did you get? 

 

Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$7,400
Citi DC $10,000
Citizens Mastercard$7,000
Established Contributor

Re: Costco AMEX - what's the big deal?

the gas stops at 4k a year of purchased gas just to let you know. 

and as for the restaurants in the t&c just says us restaurants. doesnt specify. 

 

btw what limit did you get? 

 


Yes, I saw the fine print about the $4,000 limit on gas purchases eligible for the 3%.  I can live with that.

They gave me a starting limit of $5,000.  I'm eligible for a CLI at the end of November (my last CLI was in May).  I'm probably going to ask for the CLI on either the Optima or the BCE.

FICOs: TU08 850 EQ08 850 EX08 849

My Wallet: Amex Gold NPSL; Amex Optima Platinum $25K; Amex BCE $12K; BofA Visa $10.1K; BofA TR Visa $18K; Cap1 Quicksilver Visa Sig $10K; CSP $28.2K; Chase Freedom $13K; Citi Costco Visa $19.3K; Citi Double Cash $13.5K; Citi Simplicity Visa $23.3K; Discover IT $50K; Fidelity Amex $25K; PenFed Plat Rewards Visa Sig $50K; Sallie Mae WMC $17.5K; Sears MC $10.1K; US Bank Cash+ Visa Sig $26K; Walmart Discover $10K; Wells Fargo Rewards Visa Sig $14K
Frequent Contributor

Re: Costco AMEX - what's the big deal?

I believe the 4000$ cap was raised to 7500. I'll have to double Check.
Valued Contributor

Re: Costco AMEX - what's the big deal?


nada9188 wrote:
I believe the 4000$ cap was raised to 7500. I'll have to double Check.

i just read that from the t&c from the costco and amex site. 

Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$7,400
Citi DC $10,000
Citizens Mastercard$7,000
Established Contributor

Re: Costco AMEX - what's the big deal?


creditnocash wrote:

nada9188 wrote:
I believe the 4000$ cap was raised to 7500. I'll have to double Check.

i just read that from the t&c from the costco and amex site. 


So it was raised to $7,500?  If so, that is perfect. 

FICOs: TU08 850 EQ08 850 EX08 849

My Wallet: Amex Gold NPSL; Amex Optima Platinum $25K; Amex BCE $12K; BofA Visa $10.1K; BofA TR Visa $18K; Cap1 Quicksilver Visa Sig $10K; CSP $28.2K; Chase Freedom $13K; Citi Costco Visa $19.3K; Citi Double Cash $13.5K; Citi Simplicity Visa $23.3K; Discover IT $50K; Fidelity Amex $25K; PenFed Plat Rewards Visa Sig $50K; Sallie Mae WMC $17.5K; Sears MC $10.1K; US Bank Cash+ Visa Sig $26K; Walmart Discover $10K; Wells Fargo Rewards Visa Sig $14K
Valued Contributor

Re: Costco AMEX - what's the big deal?


CribDuchess wrote:

creditnocash wrote:

nada9188 wrote:
I believe the 4000$ cap was raised to 7500. I'll have to double Check.

i just read that from the t&c from the costco and amex site. 


So it was raised to $7,500?  If so, that is perfect. 


no i meant i took the 4k limit right off of the amex site not the 7.5k

Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$7,400
Citi DC $10,000
Citizens Mastercard$7,000