The True Earnings® card from Costco and American Express is geared toward the avid consumer who is looking to earn cash back rewards as a loyal Costco member. The card features a highly competitive cash back rewards system, including 3% on gas (up to $4000 per year), 2% on restaurants and eligible travel, and 1% on everything else including Costco. This card also conveniently doubles as a Costco membership card - which is significant savings of up to $110 per year. While the three tiers of rewards offer wide-ranging opportunities to earn cash back, the TrueEarnings card is intended for a specific user and doesn't provide much value outside the Costco membership base.
The 3% cash back on gasoline, even though capped, makes this card attractive to those who drive often. It also doesn't have an annual fee. However, considering you need an active Costco Membership in order not to pay an annual fee, it isn't necessarily our favorite cash back card. We'd recommend consulting our rewards credit cards category page if you're looking for a card that provides more diverse benefits.