Costco and American Express cards

 We have had the American Express Cash Rebate card from Costco for about 5 or 6
years now, and use it  
just about everywhere we can.  The maximum rebate is 1.5%, but if you carry a
balance, they'll bump it
to 2%.  (No thanks, not paying finance charges to get a bigger rebate.)
However, there is no spending
limit.

It seems that the newer TrueEarnings Card, also through Costco, is a better deal
rebatewise, although it
mentions a variable spending limit.  Anybody know what sort of limits these
would be?  The website
says there is no limit on the cash back you can earn, so I'm confused.

I'm trying to decide if it would be worth switching or not.

J.

 

I have no idea how that card works, but I am familiar with the
technology that AM/EX uses to approve credit card transactions.
They have an A/I system (artificial intelligence) that looks at
each transaction.  They base the approval on your spending history
and your demonstrated ability to pay.  The more you use the card,
the more they will allow you to use it, provided you stay in good
standings and pay the balances on time.

-john-

--
======================================================================
John A. Weeks III           612-720-2854            john@johnweeks.com
Newave Communications                         http://www.johnweeks.com  
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Does the AmEx Cash Rebate pay your rebate in cash or in Costco Dollars
like the TrueEarnings card?

m

 no-spam@sonic.net (Fake ID) wrote in


For the Cash Rebate card, they send you a check that you can cash at Costco.
You can leave with your
cash, but they now make you cash the check at a checkout; whereas before (~2
years ago, IIRC) you
could cash it at the customer service desk.  (OK, but I pay with my card for the
new stuff I'm buying,
not the cash.)

How do TrueEarnings Costco Dollars work?

J.

 
Sounds like the same thing--an irreplaceable check only negotiable at
Costco.  For some reason I thought there were restrictions on converting
to cash.  Apparently not the case.  And last time, when the cashier
rushed to close the transaction before applying my check, I got it as
cash.
There's also the separate check for the 2% rebate.

m