Originally Posted by
ZapperO
I've never looked closely at the Amex Costco True Earnings card but it does seem appealing for frequent Costco shoppers that charge a relatively small amount on their credit cards in general.
If you charge more than about $600/month on your card, you are WAY better off going with the Amex Citi Platinum unless you seek absolute simplicity in award redemption. In short, you get 5 TY points for gas, groceries, drug stores and 3 TY points for everything else. With a tiny bit of work, you can redeem for $0.01 per TY point. Only drawback is the $125/year fee after the first year. Hence the $600/month minimum to break even...although you also get 15,000 TY points for signing up which would offset the $125 fee the second year. See for a lengthy discussion of the card:
http://www.flyertalk.com/forum/other...-upgraded.html
Just keep in mind, Costco True Earnings card earns you cash, which is now, after Citi Reward program devaluation is a much better value. Then, there is no cap on cash earned. Citi Amex is capped at 150k TYP total per calendar year.