Check in the Mail

That’s a pleasant surprise.

I didn’t realize that I have been using my AMEX Costco TrueEarnings card for a year already until I found a check in the mail tonight from AMEX. It’s a rebate check of $74 for spending $5,228 with the card in the past year for eating out, traveling and shopping at my local Costco store. Here’s the breakdown of the rebats:

• Eating out: $10.74 @ 3% rebate
• Traveling: $29.11 @ 2% rebate
• Everywhere Else (only at Costco): $34.15 @ 1% rebate

Not a big amount and can only be redeemed at Costco, but I am happy to get something back for the money I had to spend. In the middle of the year, I will get another rebate check from Costco for being an Executive member when I renew my membership. I hesitated a little last year when asked if I wanted to pay $50 more on membership fee to convert from Goldstar to Executive. Just to break even, I would have to spend at least $2,500 a year to get that $50 fee back through rebates (Executive member can earn 2% rebate from Costco). So all together, I can get 3% back for shopping at Costco, not a bad deal and we will certainly pass the $2,500 annual spending mark.

Yes, this is the card that’s giving me some trouble recently. Coming with the check is a card statement saying that pending investigation, I don’t have to pay the $75.80 in dispute, though I have paid them already. Hopefully, it can be resolved soon so I can continue to use the card without worrying too much of the card being compromised.

If you enjoyed reading this post, please consider subscribing to my full RSS feed (What's RSS feed?). Or you can also choose to have free daily updates delivered right to your inbox.

• Seeking higher returns for your cash? Take a look at the latest interest rates from leading online banks and find out where to get the most for your money.
• Earn up to 5% cash back from these cash back credit cards while shopping at gas stations, grocery stores, or online.