Getting Used To A New Credit Card

We recently signed up for the American Express Costco credit card.  The main reason is that you get 3% cash back on gasoline purchases. With the camper coming out of storage recently and planning a few trips, we know that we’ll be spending quite a bit on gas this summer, and looked for a card that would do the best to offset some of those costs.

The Costco card was definitely the right choice.  I’m all about getting cash (even though Costco makes you get the cash at their service desk, that’s fine with me) and not any sort of points or mileage or anything like that.  I know that some rewards might pay more at first but they tend to lower the rate after a few months or move you to rotating categories.  For gas, I wanted something that didn’t do much changing, and so far as I could tell, the Costco card has been offering the 3% back for a number of years now.

Still, this is our first true American Express card, so there were a number of things that were different when it came time to paying our credit card.

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Our Next Credit Card

Last week I posted that I was looking for a good credit card which offers cash rewards specifically to improve upon the 1% we get for gas purchases on our current Citi Dividends card.

Two stuck out as the favorites, the Pen Fed card (which is for military based people but you can get around that pretty easily) or the Costco American Express True Rewards card.

My dad and a good friend ended up backing the Costco card pretty strongly, and the fact that we’re Costco members means that there’s no charge, so I’m pretty sure that’s what we’re going to get.

Basically, the card offers 3% on gas purchases, 2% on other categories (I think eating out is one) and 1% on everything else.

Read moreOur Next Credit Card