Consumer Payment Card News

T&E Card

American Express has redefined the T&E card as the “Traveling & Eating” card or the “True Earnings” card. AmEx and Costco teamed up to launch a new set of co-branded credit cards that offer bonus rewards for eating out and traveling. The new “TrueEarnings Card” and the “TrueEarnings Business Card” features a unique rewards structure, earning 3% cashback for eating out; 2% cashback for traveling; and, 1% cashback on all other purchases. Cardholders receive an annual rebate as a coupon that can be redeemed for cash or used for purchases at Costco warehouses. Both cards carry no annual fee and offer a 0% intro rate for the first 90 days on purchases. The on-going APR is prime +8.99%. The American Express-Costco relationship began in 1999 with the launch of the “American Express Costco Cash Rebate Credit Card” and the “American Express Costco Business Charge Card.” Costco currently operates 321 warehouses in the USA. For more information, visit: “”:

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