Save money and be informed. CreditDonkey is a credit card comparison and financial education website. Our free online service is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†

The Platinum Card® from American Express vs TrueEarnings® Card from Costco and American Express

Compare Rewards, Interest Rates, Fees, and Benefits

American Express is a CreditDonkey partner. We receive compensation if you apply and get approved for a card through links in our content. You support CreditDonkey by using our links. (read more)

American Express Platinum Card is an excellent charge card for frequent travelers. How does it compare to Costco American Express, a cash back and gas credit card? Read our comparison chart below.

Keep in mind, the American Express Platinum Card has a $450 annual fee, while the Costco American Express has a No Annual Fee with your paid Costco Membership.

Charge Card vs Credit Card: The Platinum Card® from American Express is a charge card while TrueEarnings® Card from Costco and American Express is a credit card. If you plan to carry a balance, avoid charge cards as they usually require that you pay in full.

 The Platinum Card from American ExpressTrueEarnings Card from Costco and American Express
 Apply for The Platinum Card from American ExpressApply for TrueEarnings Card from Costco and American Express
 

The Platinum Card® from American Express

TrueEarnings® Card from Costco and American Express

 Personal Charge CardPersonal Credit Card
 
Introductory Bonus Reward PointsAirline RewardsPoint RewardsTravel RewardsNo Pre-Set Spending Limit
Cash Back RewardsDining RewardsGas RewardsEventsCar Rental Insurance
 
  • Earn 40,000 points after you spend $3,000 on purchases on your new Card in your first 3 months.
  • Up to a $200 Airline Fee Credit Annually.
  • To receive the statement credit, you need to select a qualifying airline.
  • There are no foreign transaction fees with purchases made on your Platinum Card.
  • Platinum Card Concierge is your personal resource to help secure a last minute restaurant reservation, or shop for a hard-to-find gift.
  • Terms & restrictions apply.
  • Earn cash back: 3% US gas stations up to $4,000 per year in purchases; 2% US restaurants & eligible travel; 1% other purchases. See details.
  • You will receive your cash back annually in the form of a reward coupon
  • The Two-In-One Card: it's an American Express® Card and Costco membership Card, with no annual fee for Costco members
  • Maximize your cash back: Add additional Card Members to help get more cash back for you, also with no annual fee for Costco members
  • Terms and restrictions apply
 

Card Interest Rates & Fees

Introductory APR for PurchasesN/A0% introductory APR on Purchases for 6 months
Purchase APR 15.24% Variable based on your creditworthiness and other factors
Balance Transfers APR 15.24% Variable based on your creditworthiness and other factors
Annual Fee$450 annual feeNo Annual Fee with your paid Costco Membership
 

Card Rewards & Benefits

Introductory Bonus Reward PointsIntroductory Bonus Reward Points: Earn 40,000 points after you spend $3,000 on purchases on your new Card in your first 3 months. 
Cash Back Rewards Cash Back Rewards: 3% US gas stations up to $4,000 per year in purchases; 2% US restaurants & eligible travel; 1% other purchases. See details.
Airline RewardsAirline Rewards: Up to a $200 Airline Fee Credit Annually. To receive the statement credit, you need to select a qualifying airline. 
Point RewardsPoint Rewards: Earn 1 point for virtually every dollar spent. 
Travel RewardsTravel Rewards 
Airline StatusAirline Status: Airport Club Access gives you access to three airport lounge networks including participating Delta Sky Club® lounges and Priority Pass(TM) Select. When you enroll in Priority Pass(TM) Select, you can access over 600 participating airport lounges worldwide - no matter what class or airline you fly. 
Dining Rewards Dining Rewards: 2% cash back for US restaurants
Gas Rewards Gas Rewards: 3% Cash back at US gas stations (including on gasoline at Costco) up to $4,000 per year in purchases, then 1%
 Go to issuer's official application, terms, and detailsGo to issuer's official application, terms, and details
 

CreditDonkey® Card Reviews

 The Platinum Card from American ExpressTrueEarnings Card from Costco and American Express
Pros & ConsPros:
  • Travel benefits
  • 40,000 bonus points after you spend $3000 in first 3 months
  • Concierge service
Cons:
  • $450 annual fee
Pros:
  • Excellent cash back
  • Costco membership card
  • Gas cash back
Cons:
  • Cashback expires
Bottom LineExcellent charge card for frequent travelers... Read full reviewExcellent cash back card for Costco members... Read full review
 Apply for The Platinum Card® from American ExpressApply for TrueEarnings® Card from Costco and American Express
What Others View

See issuer's website for details including terms and conditions. While reasonable effort has been made to maintain accurate and updated information, the information shown on this site may vary, be out of date, or not applicable to you. All information is provided without warranty. When you click on the Apply Now button, you can review the terms and conditions on the issuer's website.

Blank fields indicate either the information is not available, not applicable, or not known to CreditDonkey. Please visit the issuer's website for details.

Editorial Note: This content is not provided by American Express. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by American Express.


Articles on The Platinum Card® from American Express

    American Express Platinum Card Review: Annual Fee Worth It?

    American Express Platinum Card Review

    January 13, 2012 - By David R - Reviews for American Express Platinum Card
    The American Express Platinum Card is in our opinion, one of the most prestigious rewards cards on CreditDonkey. It is also one of the most expensive cards we have reviewed, with an annual fee of $450. In exchange for the $450 annual fee, the Platinum Card offers a number of travel benefits and a rewards program.

    Editorial Note: This content is not provided by American Express. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by American Express.


Articles on TrueEarnings® Card from Costco and American Express

    American Express Costco Card Review: Earn Cash Back at Costco

    American Express Costco Card Review

    September 30, 2011 - By Meghan C - Reviews for Costco American Express
    Costco shoppers looking for rewards on their in-store and gasoline purchases should check out the TrueEarnings Card from Costco and American Express. There is no annual fee for active Costco members.

    Editorial Note: This content is not provided by American Express. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by American Express.


Compare American Express Platinum Card to:

American Express Premier Rewards Gold Card

American Express® Premier Rewards Gold Card

Introductory Bonus Reward PointsAirline RewardsPoint RewardsTravel Rewards
    Starwood Preferred Guest Credit Card from American Express

    Starwood Preferred Guest® Credit Card from American Express

    Intro APR (Purchases)Intro APR (Balance Transfer)Regular APR
    NoneNone
    15.24% - 19.24% variable
    Introductory Bonus Hotel RewardsAirline RewardsHotel RewardsTravel Rewards
      Chase Sapphire Preferred Card

      Chase Sapphire Preferred® Card

      Intro APR (Purchases)Intro APR (Balance Transfer)Regular APR
      N/AN/A
      15.99% (Variable)

        You might also be interested in

        Best Airline Rewards Credit Card 2014

        The ideal rewards cards basically pay you back generously to use them. In the case of airline rewards cards, the Barclaycard Arrival Plus World Elite MasterCard does just that, making it our number one choice for travel purchases. Here’s why: ...

        Compare Costco American Express to:

        Blue Cash Everyday Card from American Express

        Blue Cash Everyday® Card from American Express

        Intro APR (Purchases)Intro APR (Balance Transfer)Regular APR
        0% on Purchases for 15 months
        0% on Balance Transfers for 15 months
        12.99% - 21.99% Variable
        Introductory Bonus Cash BackCash Back RewardsGas RewardsGrocery Rewards
          Blue Cash Preferred Card from American Express

          Blue Cash Preferred® Card from American Express

          Intro APR (Purchases)Intro APR (Balance Transfer)Regular APR
          0% on Purchases for 15 months
          0% on Balance Transfers for 15 months
          12.99% - 21.99% Variable
          Introductory Bonus Cash BackCash Back RewardsGas RewardsGrocery Rewards
            Chase Freedom

            Chase Freedom®

            Intro APR (Purchases)Intro APR (Balance Transfer)Regular APR
            0% for 15 months
            0% for 15 months
            13.99% - 22.99% (Variable)
              Infographics: Where Does All My Money Go

              Household Spending Statistics

              Where does all the money go? See what typical Americans make and spend in a month.

              About CreditDonkey®
              CreditDonkey is a credit card comparison website. We publish data-driven analysis to help you save money & make savvy financial decisions.

              Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

              †Advertiser Disclosure: The card offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

              *See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

              CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.