Costco Amex Cash Rebate vs TrueEarnings card

[JEDI]

Was about to sign up my parents for the Costco TrueEarnings business card. (5% gas, 3% restaurants, 2% travel, 1% everything else)

Then found out they have the Costco Amex Cash Rebate card. LINK


Year-to-Date Purchases\ Cash Back on Everyday Purchases*\ Cash Back on All Other Purchases
$0 - $6,500\ 1.0%\ 0.5%
$6,500.01 - or more\ 5.00%\ 1.5%

* "Everyday Purchases" are Eligible Purchases made at U.S. supermarkets, gas stations and drugstores


so basically if they only buy non-"Everyday Purchases", then the breakeven point is $13000/yr.

Anything above that and the Cash Rebate card is better? (they dont carry balances to the next billing cycle.)

 

[JEDI]

noone?

 

[tasmanian]

sees math, nods off to sleep.

 

[palswim]

As I understand it, the cashback feature on that one card works retroactively once you hit $6500. Every purchase you've made from $0-$6500 suddenly applies for the 5%/1.5%. But, I don't have that card; it's just what I've heard.

 

[JEDI]

Originally posted by: palswim
As I understand it, the cashback feature on that one card works retroactively once you hit $6500. Every purchase you've made from $0-$6500 suddenly applies for the 5%/1.5%. But, I don't have that card; it's just what I've heard.

unfortunately, from what i've read it's not true

 

[thomsbrain]

If that's the math, that's the math.

 

[ICRS]

My Costco card gets 3% cash back for Costco purchases.

 

[Ns1]

Originally posted by: ICRS
My Costco card gets 3% cash back for Costco purchases.

that's 2% EBM + 1% CB

 

[yhelothar]

Originally posted by: JEDI

Originally posted by: palswim
As I understand it, the cashback feature on that one card works retroactively once you hit $6500. Every purchase you've made from $0-$6500 suddenly applies for the 5%/1.5%. But, I don't have that card; it's just what I've heard.

unfortunately, from what i've read it's not true

yup, if it's anything like my blue cash card...
It's pretty much 0.5% for anything under $6500.
there's way better cash cards out there..

 

[ICRS]

Originally posted by: Ns1

Originally posted by: ICRS
My Costco card gets 3% cash back for Costco purchases.

that's 2% EBM + 1% CB

Yep.

 

[FP]

Sounds about right. I have the TrueEarnings card and never really considered switching but the 5% on the supermarket sounds nice.