American Express Card 5% Cash on Gas, 3% Cash on Restaurants

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Are you a Costco member? If you are you can get the Costco American Express Cash Back card with no annual fee and get 5% cash back on fuel, 3% cash back on restaurants, and 1% cash back on everything else.

Application

I just signed up for this card yesterday after hearing about the card from a Costco employee.

How much can I earn?

Lets see the just for an example the 2009 Subaru Outback Wagon AWD gets 20 MPG city and 27 MPG highway for an average annual fuel cost of $1133. If you were to charge that gas on a American Express card you would get $56.65 cash back.

Lets say you eat out at restaurants a lot. Average cost a week $100 x 4 = $400 x 12 months = $4800 per year. If you were to use the American Express Costco Card you would earn $144.00 cash back.

Now charge everything else on your 1% cash back card from your groceries to your mortgage. Lets say $2000 per month x 12 = $24,000 year. You would get $240.00 cash back.

The grand total:

If you were to charge everything on this card from gas, to restaurants, to everything else the grand total would be $440.65. Not a lot, but not bad either. That’s why I decided to get the American Express Costco Card.

Sign up today

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