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moneysense.ca, 6/09/05
American Express Costco Cash Rebate Card
I was shopping at Costco today and the cashier gave out a brochure for an American Express credit card. I regularly use the American Express Air Miles card and the President’s Choice MasterCard, never carry a balance on both the no-fee cards and use them primarily for the rewards. All credit card solicitations get thrown in the junk where they rightly belong, but I am glad I paid more attention to the Costco brochure.
The American Express Costco Platinum credit card has a cash rebate feature that I think is very attractive. For purchases over $5,000, the card provides a cash rebate (in the form of rebate coupons redeemable at Costco) of 1.5%. Since the American Express Air Miles card has a rewards payout of 0.7% and the President’s Choice MasterCard pays 1%, I am going to apply for the Amex Costco card for its superior rebate program.
moneysense.ca, 6/09/05
If you plan to buy a car within next 5 years, Citi Driver’s Edge Platinum Mastercard is a better deal. 2% cash rebate on all purchases, no minimums.
Any car qualifies: new or used, bought at a dealership or privately.
BTW, great blog!
A fellow software developer from Ottawa…
[...] Frugal Canadian has posted a nice chart summarising the benefits of the various popular credit cards. I use the Costco Amex Platinum card (no annual fees and a reward of up to 1.5% in the form of a Costco rebate cheque) for most purchases and the PC Financial MasterCard as a backup. Readers have also pointed out that Citi Driver’s Edge MasterCard is an attractive option. [...]
I used to use PC Mastercard, until I went to Florida and had to rent a car. I had to pay $25 a day for insurance.
I now use a CIBC Infinite Aeorgold, pay $150 a year for two cards and this year, when I rent a car for 9 days. I will not have to pay $225 for the insurance.
The card has already saved me money, plus I get Aeroplan miles.
I also use the costco amex (I received a $500 cheque last week for 2008 spendings) and the rbc gold reward (no fee)
for car rental and everywhere the amex is not accepted.
One thing though, the costco amex is only worth if you spend at least $10000 per year – as the first 5000 does not give you 1.5%
How do I renew my card?
Je voudrais savoir ou m’adresser pour recevoir mon compte d’american express costco par email.
Pas facile de trouver un moyen de communication.
Merci
Lucette Messier