Benefits and Features Of The Costco Business Executive Membership:
- Exclusive Annual 2% Reward Annual 2% Reward on most Costco purchases, up to a maximum of $1,000. You must remain an Executive Member to receive the annual 2% Reward.
- Exclusive offers and additional discounts Costco Connection magazine and Costco.ca insert by mail
- Free Spouse Card
Full Answer
What are the benefits of being an executive member of Costco?
Benefits and Features Of The Costco Business Executive Membership:
- Exclusive Annual 2% Reward Annual 2% Reward on most Costco purchases, up to a maximum of $1,000. You must remain an Executive Member to receive the annual 2% Reward.
- Exclusive offers and additional discounts Costco Connection magazine and Costco.ca insert by mail
- Free Spouse Card
Is a Costco executive membership actually worth it?
Yes, the Costco Executive Membership is worth it, as long as you spend at least $3,000 a year at Costco. When you spend $3,000 with the Executive membership, you offset the cost of the membership so it essentially costs the same as the Basic membership. Remember, you’d need to spend $3,000 in the first nine months of Year 1 (about $333 a ...
What are the perks of Costco executive membership?
What are the benefits of a Costco Executive Membership? Executive Members: Receive an annual 2% Reward, up to $1,000, on eligible Costco, Costco.com and Costco Travel purchases* Enjoy access to extra benefits on select Costco Services* Let’s dig into what each of these means, starting with the annual 2% Reward.
Is Costco executive worth it?
The Costco Executive Membership is absolutely worth it if you have a big family to feed and care for. If you make several big grocery purchases a month, $500 is relatively easy to meet just from buying food alone. You can stock up on food, toilet paper, skincare products, and bath and body items to make the most of your membership.
What does Executive Membership at Costco give you?
Executive Members earn an annual 2% Reward on qualifying purchases at Costco, Costco.com, and Costco Travel. Plus, additional benefits are available on our suite of Costco Services. We offer a 100% satisfaction guarantee and will cancel and refund membership fees at any time if a member is dissatisfied.
Is it worth getting the Executive Membership at Costco?
The Costco Executive Membership is absolutely worth it if you have a big family to feed and care for. If you make several big grocery purchases a month, $500 is relatively easy to meet just from buying food alone.
How much do you have to spend to make Costco executive worth it?
But paying more for the Executive Membership makes sense only if you're going to spend enough at Costco to justify the additional $60 a year. As you can see from the chart, spending $250 a month is the break-even point for whether an Executive Membership is worth it.
What is the difference between the regular and Executive Membership at Costco?
There are two types of Costco memberships: Standard: Costco's base membership tier, called Gold Star, is $60 annually. Executive: The Gold Star Executive membership is $120 a year. Executive members get an annual 2% reward (up to $1,000) on qualifying Costco, Costco.com, and Costco Travel purchases.
What Costco membership is best?
Overall, I only recommend going with the Executive Membership if you are committed to joining Costco and plan on spending more than $250 per month. If you plan on spending less than this, stick with the Gold Star Member plan.
Do Costco Executive members get cashback on gas?
You'll get 4% back on eligible gasoline purchases for the first $7,000 per year and then 1% thereafter. You'll also earn 3% on restaurants and eligible travel purchases, including Costco Travel. Get 2% back on all eligible purchases from Costco and Costco.com and 1% on all other purchases.
What is the #1 selling item at Costco?
toilet paperRead up on these secrets behind the famous Costco staple. It's actually something that you constantly need to buy but probably hate spending money on. That's right, Costco's best-selling item is toilet paper. They sell more than a billion rolls every year.
Do Executive Costco members get in early?
Are Costco Executive Membership hours better than regular members? Short answer: No, Costco Executive members no longer get in the store an hour early. All membership tiers enter the store at the same time and don't get exclusive shopping time.
How much do you get back with Costco Executive Membership?
a 2% RewardCostco Executive Members receive a 2% Reward on qualified purchases (see calculation of 2% Reward below). Reward is capped at and will not exceed $1,000 for any 12-month period. Only purchases made by the Primary and active Primary Household Cardholder on the account will apply toward the Reward.
Can I add a third person to my Costco Executive Membership?
That way they'll also get the benefits of a Costco membership. To add someone, sign in and head to Account Details in your Costco.com Account. You can add a person to your household in your Account Details section, and they can pick up their card at the membership counter of your closest Costco.
How much do you have to spend at Costco to break even?
In order to break even at Costco (assuming a $60.00 per year membership), you have to spend at least $600.00 per year. That's $50.00 per month.
How do I get my Costco Executive Membership rebate?
The Reward will be mailed to you approximately 2 months before your renewal date in a Renewal Statement. This will reflect rewards earned up until the issue date. Once your Reward is issued, your Costco.com account will show the estimate of your next Reward.
Do Executive members get in earlier at Costco?
There are no longer exclusive Executive member hours. All members have the same shopping hours, no matter their membership status. Costco Executive members used to get in the store an hour early, but it's no longer a perk. It was a nice benefit to avoid the crowds.
Is Costco elite worth it?
The card has a number of nice perks to it that make it a keeper, such as 4% cash back on gas, 3% on restaurants and travel, 2% back on all purchases at Costco and Costco.com, and 1% back on all other purchases. But, those rewards are irrelevant in the Gold Star Executive versus Gold Star calculation.
How do I change my Costco membership from regular to executive?
At that time, one of our helpful employees will be happy to update your information and provide you with a new membership card. If you're wanting to reverse your Executive Membership, please visit the membership counter of your local Costco. Or, call Member Services at 1-800-774-2678.
How do I get my Costco Executive Membership rebate?
The Reward will be mailed to you approximately 2 months before your renewal date in a Renewal Statement. This will reflect rewards earned up until the issue date. Once your Reward is issued, your Costco.com account will show the estimate of your next Reward.
What does an executive membership at Costco include?
Costco also says that an Executive Membership qualifies you for discounts on Costco services like check printing and identity protection.
How much does it cost to upgrade to Executive at Costco?
That means that if you are six months into your basic membership, upgrading to Executive for the remainder of the year will cost you only $30.
Does Executive Membership pay for itself?
The executive membership pays for itself if you need checks printed. The amount you save by ordering them through Costco instead of your bank is astounding. For those who still use printed checks, this is a great bargain. see more.
Do you get 2% off an employee's credit card?
You do NOT collect the 2% for ANYTHING that is bought on your employee's card / membership, even though you are paying for the card. So, although it might be more convenient to send an employee to buy that phone, PC, Tires, etc., you LOSE 2% of everything they buy, even though YOU get the bill.
Does Costco have a break even point?
Of course, if you plan to take advantage of other Costco services, your break-even point could be even lower when you factor in the discounts. And if you’re planning to book a big vacation through Costco, that trip alone could be enough to pay for your membership upgrade.
Hidden extras
If you’re a Costco member you already know how good the savings can be. But you might be missing out on even more perks that can wind up saving you even more. Here are 18 of the best benefits you might not even realize your Costco membership is getting you.
1. Personal and business checks
You can buy personal or business checks from Costco at lower cost than at many banks. Costco offers free standard delivery on checks. You can save an average of 50% by using your Costco membership for obtaining checks.
2. Identity protection
Costco offers comprehensive identity protection and credit monitoring for members. Costco’s monitoring and protection includes regular credit report updates, a multi-layered system of identity restoration services and information monitoring from Complete ID.
3. Home mortgage programs
Few people probably think of Costco when they think of buying or refinancing their home, but Costco members can use the company’s mortgage program through First Choice Loan Services Inc. Check Costco’s Mortgage Services page for information about current rates and Veterans Affairs loans.
4. Home & auto insurance
Speaking of homes, Costco also has a home insurance program for members through Ameriprise. Costco members enjoy a discount on both home and auto insurance through the insurer.
5. Life insurance
Costco members can also see a discount on life insurance if they use their membership to sign up with Protective Life. Protective Life partners with Costco to make it easier and cheaper for Costco members to sign up for life insurance.
6. Dental care
Did you realize you could get your dental care through Costco? Many people probably don’t. DeltaCare offers exclusive rates on dental plans for Costco members living in Arizona, California, Florida, Maryland, Nevada, Oregon, Pennsylvania, Texas and Washington state.
Should You Do Either?
Listen, I could sit here and list off the prices of every product sold at Costco and compare them to prices at Walmart, Amazon, 7-11, or wherever you do most of your shopping, but as an Executive, I have better things to do. Instead, I strongly recommend you visit Costco with a friend who is a member.
Why Executive Is Superior
Currently, a Costco Gold Star Membership costs $60 per year and the Executive Membership is $120 per year.