TrueEarnings® Card from Costco and American Express

TrueEarnings® Card from Costco and American Express.
IMPORTANT INFORMATION REGARDING RATES, FEE, AND OTHER COST INFORMATION.
This information is accurate as of 5/25/2010. This information may have changed after that date.
To find out what may have changed, call us toll free at 1-800-964-8542.
Interest Rates and Interest Charges
Annual Percentage Rate (APR)
for Purchases
0% introductory APR for the first 6 months.
After that, your APR will be 15.24%. This APR will vary with the market
based on the Prime Rate.
APR for Balance Transfers
APR for Cash Advances
Penalty APR and When it Applies
Paying Interest
For Credit Card Tips from
the Federal Reserve Board
15.24% APR on balance transfers requested within 30 days of account opening.
This APR will vary with the market based on the Prime Rate.
25.24%
This APR will vary with the market based on the Prime Rate.
27.24%
This APR will vary with the market based on the Prime Rate.
This APR will apply to your account if you:
1) Make one or more late payments; or
2) Make a payment that is returned
How Long Will the Penalty APR Apply? If the Penalty APR is applied for any of
these reasons, it will apply for at least 12 billing periods in a row, and will continue
to apply until after you have made timely payments, with no returned payments, for
12 billing periods in a row.
Your due date is at least 25 days after the close of each billing period. We will not
charge you interest on purchases if you pay your entire balance by the due date each
month. We will begin charging interest on cash advances and balance transfers on
the transaction date.
To learn more about factors to consider when applying for or using a credit card, visit
the Web site of the Federal Reserve Board at http://www.federalreserve.gov/creditcard.
FEES
TrueEarnings Annual Card
Membership Fee
Additional Card Fee
No annual fee for this credit card with your paid Costco Membership.
No annual fee for this credit card with your paid Costco Membership.
Transaction Fees
• Balance Transfer
• Cash Advance
• Foreign Transaction
Either $5 or 3% of the amount of each transfer, whichever is greater
Either $5 or 3% of the amount of each cash advance, whichever is greater.
2.7% of each transaction after conversion to US dollars.
Penalty Fees
• Late Payment
• Returned Payment
$19 if balance is less than $250; $39 if balance is $250 or more
$38
How We Will Calculate Your Balance: We use a method called “average daily balance (including new purchases).”
Loss of Introductory APR: We may end any Introductory APR and apply the Penalty APR if you make a late payment.
Variable APRs for each billing period are based on the Prime Rate published in The Wall Street Journal 2 days before the
Closing Date of the billing period. The Wall Street Journal may not publish the Prime Rate on that day. If it does not, we will use
the Prime Rate from the previous day it was published. If the Prime Rate increases, variable APRs will increase. In that case,
you may pay more interest and have a higher Minimum Payment Due. When the Prime Rate changes, the resulting changes to
variable APRs take effect as of the first day of the billing period. Variable APRs are accurate as of 5/25/2010.
TERMS AND CONDITIONS
You must be a current Costco member to take advantage
of this offer. If you are not a Costco member or
your membership has expired, you can apply for or
renew membership at any Costco warehouse or online
at Costco.com.
By submitting this application, you are requesting us to
open an Account in your name and to issue Card(s) as
you direct. Only qualified individuals 18 or over may apply
for an Account. This offer is available to US Residents,
excluding Puerto Rico and the US Virgin Islands.
You promise that the information you provide on this
application is accurate. You authorize us to verify
this information and to obtain reports from consumer
reporting agencies. You authorize us and our affiliates
and subsidiaries to share information we have about you
at any time for marketing and administrative purposes as
permitted by law. Upon request, we will tell you if we have
received a consumer report and the name and address of
the agency that provided it.
When you use your Account (or sign or keep the Card),
you agree to the terms of the Cardmember Agreement that
will be provided to you. Your Cardmember Agreement
includes an arbitration provision, which impacts your
opportunity to have claims related to the account
heard in court or resolved by a jury, and to participate
in a class action or similar proceeding. You are
responsible for all use of your account, including use of
your Account by Additional Cardmembers and anyone you
or they allow to use your Account.
We may change the terms of, or add new terms to, the
Cardmember Agreement at any time, subject to applicable
law. We may apply any changed or new terms to any
existing and future balances on your Account, subject to
applicable law.
Additional Cards: You must notify Additional Cardmembers
that we may obtain, provide, and use information about
them and that their use of your Account is subject to certain
provisions of the Cardmember Agreement. We may seek
payment from Additional Cardmembers for Charges they
make or authorize if you do not pay us.
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.
Express Cash: We may enroll your Card in the Express
Cash feature, which provides access to participating
ATMs for cash advances. If your Card is enrolled, we will
send you a letter that includes a Personal Identification
Number (PIN).
Balance Transfers: We will debit your Card account for
the total approved balance transfer amount. A balance
transfer request will be declined if the requested amount
plus fees exceeds your available credit line. Total balance
transfers cannot exceed $25,000 in a 180-day period.
We will not initiate any balance transfers until at least
ten days after we have mailed or otherwise provided the
Cardmember Agreement to you. In some cases, it may take
up to six weeks to complete a balance transfer. Please be
sure to make all minimum payments on any account from
which you are transferring a balance until the balance
transfer is credited to that account. You are responsible
for maintaining those accounts in good standing and for
closing them if you choose. You authorize us to verify the
status and balance of those accounts. You cannot transfer
balances from any other account issued by American
Express or its affiliates. Additional Cardmembers may not
request or authorize balance transfers. We reserve the
right to deny a balance transfer request for any reason.
Your annual Costco membership fee will be automatically
charged to your TrueEarnings® Card from Costco and
American Express. To pay your Costco membership fee
in another way, call (800) 774-2678.
Notice to Married Wisconsin Residents: No provision of
any marital property agreement, unilateral agreement, or
court decree under Wisconsin’s Marital Property Act will
adversely affect a creditor’s interest unless, prior to the
time credit is granted, the creditor is furnished a copy of
that agreement or decree or is given complete information
about the agreement or decree.
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.
An Applicant, if married, may apply for a separate
account.
Information on Rebate Each eligible purchase shall
qualify for a reward of 1, 2, or 3 percent of the purchase
amount as follows: 3% for the first $3,000 in annual
purchases (1% thereafter) of automobile gasoline
(individual purchases of 75 gallons or less) at Costco and
domestic stand-alone gas stations (excluding superstores,
supermarkets, convenience stores, and warehouse clubs
other than Costco); 3% at restaurants; 2% for travel
purchases from airline, lodging, car rental, cruise line,
travel agency and tour operators; and 1% on all other
eligible purchases posted to your account. Fees, finance
charges, cash advances, balance transfers and purchases
of cash equivalents (e.g., Gift Cards, Travelers Cheques)
from American Express are not eligible for a reward.
Reward is distributed annually in the form of an in-store
coupon redeemable for merchandise or cash at any U.S.
Costco Warehouse. Coupon must be redeemed in person
prior to its expiration date of August 31st in the year in
which it is issued. Additional terms and conditions apply.
See Cardmember Agreement for full terms and conditions.
1
he $25 Costco Cash Card will be issued upon
T
submission of a completed TrueEarnings® Card
application. To be eligible for this offer, you must apply
for the TrueEarnings® Card from Costco and American
Express at the same time you join Costco as an
Executive Member. Application must be submitted to a
Costco representative at any Costco location or off-site
membership event.
2
If you have applied for the TrueEarnings Card from
Costco and American Express, Costco will send to
American Express all the information you provide
on this application. If your application is approved,
your Costco membership fee will be charged to your
TrueEarnings Card from Costco and American Express
on the first day of your renewal month, and will qualify
toward your rebate. Costco may also receive updated
Card Account information from American Express if you
have chosen to have your Costco annual membership
fee automatically billed to your Card Account. If you
wish to pay your Costco membership fee by check,
please call 1-800-774-2678 upon receipt of your new
Card. Costco membership fees paid by any means
other than the TrueEarnings Card from Costco and
American Express will not be eligible for the rebate.
3
Your Social Security number is necessary for the
American Express® Card application review only and is
not required for Costco membership.
The TrueEarnings® Card from Costco and American
Express is issued by American Express Bank, FSB.
© 2010 American Express Bank, FSB. All rights reserved.
Application for the TrueEarnings® Card
from Costco and American Express
FOR COSTCO USE ONLY:
Mktg Campaign Code
Join Costco
today and save money.
Executive and
Gold Star
Amount Paid
Tender Type
Clerk
Till #
Date
­—
PCN
—
USD
– also serves as your Costco membership card.
Costco Membership #
New Executive Members:
Receive a $25 Costco Cash Card when you apply today.1
COSTCO EXECUTIVE & Gold Star MEMBERSHIP APPLICATION
EXECUTIVE MEMBERSHIP
Is $50 a year plus an additional $50 upgrade fee a year. Includes a free Household Card.
Limit one Executive Membership per household or business.
Membership Application
Our Promise.
GOLD STAR MEMBERSHIP
3%
cash
backback
on annual
gasoline gasoline
purchases of
up to $3,000;of1%
3%
cash
on annual
purchases
upthereafter.
to $3,000;
See 1%
(reverse,
back, seeSee
inside,
etc.) forfor
other
termsterms
and restrictions.
thereafter.
reverse
other
and conditions.
Is $50 a year. Includes a free Household Card.
Please include sales tax in NY, HI, AZ, NM, UT, NJ, WI, plus all other applicable states. Fees are subject to change.
You’ll appreciate the quality
and value of the products you find at
Costco. That’s our promise to you.
If we fail to deliver on that promise,
we’ll refund your money.
Costco has all the
brand-name products you
trust, plus the services
you rely on – all at an
unbelievable value.
It’s that simple.
We’ll pay you to shop.
Receipt for Payment
Join Costco as an Executive
Member and you’ll get an annual
2% Reward (up to $500) on most
of your purchases at Costco.
o cash/check o debit/atm o American Express
Primary Cardholder
Date of Birth
Yes, I want the no annual fee
TrueEarnings® Credit Card.2
||Last Name
|Legal First Name
Nickname (Name to print on membership card) (In addition to the information provided, you need to provide American Express
with the following to apply for the TrueEarnings Card.)
|MI
Jr Sr II Other
|Name Suffix (optional) circle one
|City
Home Mailing Address (P.O. Box required if applicable)
$
Amount paidDATE
Application Authorized by
Want even more
cash back?
Apply for the TrueEarnings
Card from Costco and
American Express.
®
|State
Driver’s License Number* State
|ZIP |Employer (optional)
FREE HOUSEHOLD CARD (optional)
Va l u e l Q u a l i t y l S AV I N G S l W o w !
Date of Birth
||Last Name
Nickname (Name to print on membership card) Income is required for all applicants. If you are under the age of 21, provide
total annual salary and other income you receive (instead of household income).
All applicants: Alimony, child support, or separate maintenance need not be
revealed if you do not wish to rely upon it.
$
A Household Card is available to a primary or Cardholder’s spouse, domestic partner, or immediate family member over the age of 18 and living at the same address. Household Cardholders will be
asked to present proof that they live at the same address as the primary or add-on Cardholder.
Member’s Name
—
Social Security Number 3
|E-mail Address (optional) Receive special offers from Costco.com.
(Area Code) Home Phone
See the membership counter for details.
|Legal First Name
Jr Sr II Other
|
Name Suffix (optional) circle one
|MI
|
Driver’s License Number* |
State
See inside for details.
,
,
—
. 00 Annual Household Income
NO ANNUAL FEE ADDITIONAL CARD (optional)
Additional Cardmember must be the same person holding the
“Free Household Card” at left and must be 18 years or older.
First, Middle, Last Name (Full name must not exceed 20 spaces)
—
Social Security Number 3
—
SEE REVERSE SIDE FOR RATES, FEES, AND OTHER
IMPORTANT COST INFORMATION.
SIGNATURE OF TrueEarningS® CARD APPLICANT
(required — please do not print). By signing below, I certify
that I have read, met, and agreed to all terms and conditions
and disclosures on this application.
IMPORTANT INFORMATION
Costco is continually developing new and exciting programs and services at substantial savings for our members.
Executive Membership – ITEM 322130
Check here if you do not want your name, postal address, e-mail address, and membership number and status shared with carefully selected partners so they may qualify you for these offerings.
10AX0701_B_NC 5/10
Gold Star Membership – item 322129
Check here if you do not want your Household Cardholder’s information shared as well.
* Your driver’s license number is not mandatory to gain membership at Costco, but if you plan to write checks at Costco, we do need your driver’s license number.
GROCERIES | FRESH BAKERY | GASOLINE | PHARMACY
ELECTRONICS | FINE JEWELRY | DESIGNER APPAREL
updated
DIGITAL PHOTO PROCESSING | AND MORE!
May 2010
Departments and selection may vary.
Note: Completion of this application constitutes acceptance of Costco’s Privileges and Conditions of Membership, including our privacy policies and practices, which are available at the membership desk or online at Costco.com.
Please provide your Household Cardholder with this information. Renewal Policy – Memberships renewed within 2 months after expiration of the current membership year will be extended for 12 months from the expiration date.
Memberships renewed more than 2 months after such expiration will be extended for 12 months from the renewal date.
X
Signature of Costco Membership Applicant
|Date
Signature
Date
Information from the Costco membership application will be used
to process your application for the TrueEarnings® Card.
SPID D1J IA: JTU SOURCE CODE: A0/0/0/0/0/BQLD 10/730/ CAPPP