The Costco Platinum Cash Rebate card by American Express is a cash back rewards card that earns up to 2% in annual rebates with no annual fee and some insurance benefits.

Earn an Annual Cash Rebate1 of 0.25% on the first $2,000, 0.50% on the next $3,000 and 1.50% on any amount over $5,000 to an annual maximum rebate amount of $500. Bonus Rebate: 0.5% on all net eligible new purchases when you carry a balance. The annual maximum Bonus Rebate amount is $125.

The card has no annual fee for primary and supplemental cards and has an introductory balance transfer rate of 3.99% for the first 6 months.

The Costco rebate card includes purchase protection and travel accident insurance. Balance protection can be added for an additional fee of $0.79 per $100 of unpaid balance for those under 70 with a maximum benefit of $10,000.