Canadian Finance Blog

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Helping Your Budget With The TrueEarnings Card from Costco and American Express Posted: 07 Sep 2011 02:00 AM PDT I prefer to use credit cards rather than a debit card or cash for a couple reasons. First off, it keeps my spending a little more organized. I can use one card for all my spending and then pay off the entire balance once a month. But another big bonus of using a credit card for all my day-to-day purchases is that I can take advantage of rewards programs. I’m spending the money anyways, might as well get something extra for it! I’ve also written previously of my love for shopping at Costco, where I have an Executive Membership that pays for itself with weekly grocery and gas purchases, as well as everything from tires to wedding rings. However, they don't accept any credit cards other than American Express. So I was quite happy when I was asked to try out the TrueEarnings Card from Costco and American Express. The TrueEarnings Card has a few things I like, including up to 1% cash back on everyday purchases. Perhaps the best part (and a must for me) is that there is no annual fee. Another nice thing that I liked about this card was the included travel accident insurance and a buyer assurance protection plan that doubles a manufacturer’s warranty up to one additional year. You might not appreciate the true value of these perks until you need them; either one could save you a lot of money depending on the situation. These kind of extra features are often found in cards with annual fees, not any of the other no fee cards that I have. But the best feature of this card is ultimately the cash back rewards. And you don't need to spend that cheque at Costco either; you can cash is out and take the cash. Because of this, you could use the money for an annual RRSP contribution or to make a lump sum payment on your mortgage. While you don’t want to spend unnecessarily just for the rewards, responsibly using a cash back card like this is a great way to earn extra money on purchases you are already making. I’ll be sharing some more details about the TrueEarnings Card in the coming months as I get a chance to use it some more! Related Posts: Are Canadian American Express Cards Better? Costco Wholesale Executive Membership Reasons to Use Your Credit Card for Christmas Shopping Helping Your Budget With The TrueEarnings Card from Costco and American Express originally appeared on Canadian Finance Blog on September 7, 2011.

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