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| Annual percentage rate for purchases |
0% Introductory APR for first three months of Cardmembership. Then, 17.24% |
| Other APRs |
Balance Transfer APR: Balance transfers submitted during the first 90 days of Cardmembership will receive a 1.99% fixed introductory rate for the first six months of Cardmembership. Then the standard APR for Purchases will apply. Cash Advance APR: 23.24%. Default APR: 30.24%. See explanation below.† |
| Variable rate information |
Your APRs may vary. The APRs for purchases, introductory balance transfers after six months, and future balance transfers is the Prime + 8.99%. The APR for cash advances is the Prime + 14.99%. The APR for defaulted accounts is the Prime + 21.99%.§ |
| Grace Period for repayment of the balance for purchases |
20 days for purchases if the previous balance shown on each billing statement is paid in full by each respective due date. |
| Method of computing the balance for purchases |
Average daily balance (including new purchases). |
| Annual Fee |
None.** |
| Minimum finance charge |
$0.50 |
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| Other Fees: Late-payment fee: Subject to applicable law, $15 on balances less than $400 and $35 on balances $400 or greater. Overlimit fee: $35. Balance transfer fee: There is no balance transfer transaction fee associated with this offer. However, future balance transfers may incur a fee as disclosed at the time of the applicable offer or transaction. Fee for Cash Advances: 3% of each transaction with $5.00 minimum and no maximum. |
| Patriot Act Notice: Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account, including your name, address, date of birth, and other information that will allow us to verify your identity. |
| †Your account is reviewed monthly and will be considered in default if during the Review Period (a) a payment of your Minimum Amount Due is not credited to your account by the Payment Due Date in any three or more billing periods, (b) a payment of your Minimum Amount Due is not credited to your account by the Payment Due Date in any two consecutive billing periods, (c) a payment on your Account is not honored by your bank or financial institution, or (d) you exceed any designated credit limit on your account three or more times, in each case during any portion of the 12-month period ending with the Closing Date of the current billing period ("Review Period"). If any Default APR is applied, it will apply for a minimum of 12 consecutive billing periods beginning with the current billing period (unless a higher APR is triggered). Any introductory APRs or promotional APRs will terminate if you fail to pay any Minimum Amount Due by its Payment Due Date, or upon any condition that causes a default or other penalty rate to apply to your Account, and the applicable default or penalty rate will apply. We may apply payments and credits first to your balances with lower APRs (including balances with promotional APRs) before balances with higher APRs. This will result in the lower APR balances being paid before the higher APR balances. |
| §The Prime Rate for each billing period is the Prime Rate published in The Wall Street Journal on the first day of that billing period or two days prior to the closing date of that billing period, whichever is higher. For either of those days that is not a customary publication day for The Wall Street Journal we will substitute the closest preceding customary publication day. Variable APRs are accurate through 12/31/2008. |
| **This Card has no annual fee with a paid Costco membership. There will be no fee for Additional Business Cardmembers on the account as long as they are on your current Costco membership. You must be a current Costco member in good standing. |
| The terms of your account, including APRs, are subject to change. The APRs for this offer are not guaranteed; APRs may change to higher APRs, fixed APRs may change to variable APRs, or variable APRs may change to fixed APRs. We may change the terms (including APRs) at any time for any reason, in addition to APR increases for failure to comply with the terms of your account. Any changes will be in accordance with your Cardmember Agreement. The information in this application is accurate through 12/31/2008. |
| New York residents may contact the New York Banking Department to obtain a comparative list of credit card rates, fees, and grace periods by calling 1-800-518-8866. |
| This offer is not available to residents of Puerto Rico. |
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1.TrueEarnings Business Card Cash Rebate: Rebates are awarded annually in the form of an in-store coupon redeemable for cash or merchandise at any U.S. Costco Warehouse. Each Eligible Purchase shall qualify for a Rebate of 5, 3, 2 or 1%, as follows: 5% for purchases of automobile gas at Costco Gasoline and stand–alone gas stations, excluding gas purchased at warehouse clubs other than Costco, superstores or supermarkets; 3% at restaurants; 2% for travel purchases from airline, lodging, car rental, cruise line, travel agency and tour operators; or 1% on all other Eligible Purchases posted to your account. "Eligible Purchases" include purchases of goods or services, which purchases have not been returned or otherwise rescinded, and are not subject to a credit; it does NOT include fees, Finance Charges, Cash Advances (including the use of checks, automated teller machines, or other means of accessing your Account), Balance Transfers, or adjustments to your Account or the purchase of American Express® Travelers Cheques and American Express Gift Cheques. To receive the Rebate your Account must be in good standing in the month the Rebate coupon is scheduled to be issued and you must present the coupon at a U.S. Costco Warehouse prior to the expiration date stated on the coupon. Annual Rebate reward coupons of less than $1 will be forfeited. Forfeiture rules for late payment also apply.
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2. OPEN Savings®: Payment must be made with an American Express® Business Card at the time of purchase. Savings will be credited to your American Express Business Card billing statement. All savings referenced are in addition to any offers made by participating companies. Participation and offers are subject to change without notice. Terms and conditions apply. For more information, please visit opensavings.com.
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3. Additional TrueEarnings Business Cards: Terms, Conditions, and Restrictions apply. The Additional TrueEarnings Business Cardmember must be 18 years or older and must have never had a defaulted account with American Express. Any account you have with American Express must not be in default.
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4. Balance Transfers: Restricted to Basic Cardmembers only. Additional Cardmembers may not request or authorize any balance transfer to the Basic Cardmember's account.
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5. Automatic Bill Payment: Check with your service provider regarding specific policies on using your Card for automatic payment. Card payment may not be available for all service providers in all markets. Participating partners subject to change. In some instances, it may take more than one billing cycle before initial paid amounts are posted to your Card account. Please remember to cancel those payments with your service provider if you close your Card account, and advise your service provider if your Card account changes.
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6. Purchase Protection Plan: Underwritten by AMEX Assurance Company, Administrative Office, Green Bay, WI. Coverage is determined by the terms, conditions, and exclusions of Policy AX0951 and is subject to change with notice. This document does not supplement or replace the Policy.
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7. Travel Accident Insurance: Underwritten by AMEX Assurance Company, Administrative Office, De Pere, WI. Coverage is determined by the terms, conditions, and exclusions of Policy AX0948 and is subject to change with notice. This document does not supplement or replace the Policy.
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8. Buyer's Assurance Plan: Underwritten by AMEX Assurance Company, Administrative Office, Green Bay, WI. Coverage is determined by the terms, conditions, and exclusions of Policy AX0953 and is subject to change with notice. This document does not supplement or replace the Policy.
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9. Car Rental Loss and Damage Insurance: Underwritten by AMEX Assurance Company, Administrative Office, Green Bay, WI. Coverage is determined by the terms, conditions, and exclusions of Policy AX0925 and is subject to change with notice. This document does not supplement or replace the Policy.
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10. Express Cash: For U.S. Cardmembers, the fee for each cash transaction shall be the greater of $5.00 or 3% of the cash transaction, with no maximum. The 1% fee on Express Cash and Emergency Check Cashing withdrawals must not exceed the monthly $10,000 limit. Express Cash transactions and fees will not be billed to your Card statement. Withdrawal amounts may vary depending on the ATM network and Cardmember credit and repayment history. If multiple withdrawals are required, a separate transaction fee will be charged. By using the service you are indicating your acceptance of the terms of the Electronic Fund Transfer agreement, which you will receive upon acknowledgement of your enrollment.
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11. Emergency Check Cashing: Not all services available at all locations and all are subject to local laws and cash availability.
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12. Emergency Card Replacement: Not all services available at all locations and all are subject to local laws and cash availability.
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