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Regular Contributor
bobebob
Posts: 244
Registered: ‎08-14-2011

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?   :smileyhappy:

 

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

bobebob || June: My FICO SW EQ(Upgraded Version) = 821 ||June: Walmart TU Fico=834Goal = 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
lithium78
Posts: 929
Registered: ‎07-30-2011

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

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Regular Contributor
Tommy5746
Posts: 440
Registered: ‎02-08-2012

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

It also looks pretty awesome :smileytongue:

 

Goal: 700 and an Amex Card!

Chicks Dig Guys With Good Credit :smileyhappy:
Established Contributor
CribDuchess
Posts: 587
Registered: ‎09-12-2011

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 841 6/3/14 per Wally; TU98 800 4/8/14; EQ04 769 6/8/14; EQ08 810 6/10/14; EX 805 6/12/14 per MyFICO

My Wallet: Amex Gold NPSL; Amex Optima Platinum $25K; Amex Costco TE $15K; Amex BCE $12K; BofA Visa $10.1K; Cap1 Quicksilver Visa Sig $10K; CSP $28.2K; Chase Freedom MC $7.5K; Citi Simplicity Visa $15.1K; Discover IT $22.5K; Sallie Mae WMC $12.5K; US Bank Cash+ Visa Sig $20K; Walmart Discover $10K; Wells Fargo Rewards Visa Sig $14K
Valued Contributor
creditnocash
Posts: 2,175
Registered: ‎07-23-2012

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: EQ 735 Discover 9/5/13 Walmart TU 730 EX FICO 726 Amex Pull(1/1/13)

Starting total revolving credit: $2600 | Current total revolving credit: 31k+

Inquiries (24 Months): EQ 8 TU 5 EX 5 | Most Recent: 09/04/2013
2 Inquiries in The Last 12 Months


2014 Goals:
Lower Utility

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Established Contributor
CribDuchess
Posts: 587
Registered: ‎09-12-2011

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 841 6/3/14 per Wally; TU98 800 4/8/14; EQ04 769 6/8/14; EQ08 810 6/10/14; EX 805 6/12/14 per MyFICO

My Wallet: Amex Gold NPSL; Amex Optima Platinum $25K; Amex Costco TE $15K; Amex BCE $12K; BofA Visa $10.1K; Cap1 Quicksilver Visa Sig $10K; CSP $28.2K; Chase Freedom MC $7.5K; Citi Simplicity Visa $15.1K; Discover IT $22.5K; Sallie Mae WMC $12.5K; US Bank Cash+ Visa Sig $20K; Walmart Discover $10K; Wells Fargo Rewards Visa Sig $14K
Frequent Contributor
nada9188
Posts: 251
Registered: ‎11-27-2011

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
creditnocash
Posts: 2,175
Registered: ‎07-23-2012

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: EQ 735 Discover 9/5/13 Walmart TU 730 EX FICO 726 Amex Pull(1/1/13)

Starting total revolving credit: $2600 | Current total revolving credit: 31k+

Inquiries (24 Months): EQ 8 TU 5 EX 5 | Most Recent: 09/04/2013
2 Inquiries in The Last 12 Months


2014 Goals:
Lower Utility

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Established Contributor
CribDuchess
Posts: 587
Registered: ‎09-12-2011

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 841 6/3/14 per Wally; TU98 800 4/8/14; EQ04 769 6/8/14; EQ08 810 6/10/14; EX 805 6/12/14 per MyFICO

My Wallet: Amex Gold NPSL; Amex Optima Platinum $25K; Amex Costco TE $15K; Amex BCE $12K; BofA Visa $10.1K; Cap1 Quicksilver Visa Sig $10K; CSP $28.2K; Chase Freedom MC $7.5K; Citi Simplicity Visa $15.1K; Discover IT $22.5K; Sallie Mae WMC $12.5K; US Bank Cash+ Visa Sig $20K; Walmart Discover $10K; Wells Fargo Rewards Visa Sig $14K
Valued Contributor
creditnocash
Posts: 2,175
Registered: ‎07-23-2012

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: EQ 735 Discover 9/5/13 Walmart TU 730 EX FICO 726 Amex Pull(1/1/13)

Starting total revolving credit: $2600 | Current total revolving credit: 31k+

Inquiries (24 Months): EQ 8 TU 5 EX 5 | Most Recent: 09/04/2013
2 Inquiries in The Last 12 Months


2014 Goals:
Lower Utility

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000

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