Additionally, cardmembers enrolled in the Membership Rewards program will be able to earn points on all their purchases at Costco. Membership Rewards points can be redeemed for shopping or travel rewards. Costco has also long been focused on serving the needs of small businesses. Now, these individuals can purchase office supplies and other work-related items at Costco using their American Express Corporate Cards. The Corporate Card helps more than 2 million small businesses manage their expenses and cash flow.
Small businesses spend more on the card than on any other commercial card product.
The American Express Cardmember benefits further extend the high level of customer service available to Costco's members, including Costco's money-back guarantee on membership fees and merchandise. New Cards for Costco Members American Express and Costco also announced plans for two new cobranded cards, one for consumers and one for small businesses, to be introduced in November 1999. These cobranded cards will also act as Costco membership cards and can be used anywhere that American Express is welcome. The new consumer credit card will have no annual fee and will reward cardmembers with Costco rebates based on all spending placed on the card. The new small business charge card developed for Costco members will have no annual fee with a paid Costco membership and no pre-set spending limit.