Post by mollybrown on Jun 20, 2012 11:07:34 GMT -5
I have the Costco Amex only because I don't want to pay in cash at Costco. I don't think it's any better or worse than other credit cards. I only use my Costco Amex at Costco. I prefer my Discover Card everyplace else (up to 5% back on rotating types of purchases).
The Costco reward is for Executive Members. They earn 2% back on their purchases. My Costco Amex also gives me rewards 3%, 2%, and 1% . . . just like pp said.
That being said, I normally use my Discover for everything and Amex just for Costco. I get gas thier, so I am getting 3% form Amex and 2% on Costc Exec Rewards . . . so that is better than my Discover unless they are running a gas promotion. (and that normally is just for a month or so)
Post by redbellpeppers on Jun 20, 2012 12:12:14 GMT -5
If you are already members of Costco, you should definitely get the Costco AmEx! The only cost is the Costco membership fee, and you get cash rewards like PPs mentioned. AmEx also has great consumer protections. H lost his $$$ prescription sunglasses in the ocean two weeks after he got them, and AmEx replaced them!
It is a no brainer if you shop at Costco. But I know there are a lot of people that are anti credit cards. Hello, I get money every month for doing nothing but shopping. Sounds good to me!!! (I LOVE rewards!)
There are also tons of things at Costco that I can't get elsewhere and/or are so much cheaper!