what benefits do you get with costco executive membership

Benefits and Features Of The Costco Business Executive Membership:

1. 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.
2. Exclusive offers and additional discounts Costco Connection magazine and Costco.ca insert by mail
3. 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:}

1. 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.
2. Exclusive offers and additional discounts Costco Connection magazine and Costco.ca insert by mail
3. 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.

Do Costco Executive members get better deals?

It basically amounts to an additional 2% discount on almost everything you buy at Costco's already-low prices. 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.

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.

Do Costco Executive members get rewards on gas?

In the U.S., Rewards are not calculated: (i) on purchases of cigarettes or tobacco-related products, gasoline, Costco Cash Cards, postage stamps, alcoholic beverages in certain states (including Alabama, Connecticut, Georgia, Kentucky, Michigan, Ohio and Tennessee), and at food courts; (ii) on membership fees; (iii) on ...

How much do you get back with Costco Executive Membership?

a 2%Costco 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.

Which Costco membership is better?

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.

How much do you have to spend to make Costco executive worth it?

We'll make it very clear and simple for you: the $120 annual fee for the Executive card is worth it if you spend more than $500 a month or $6,000 a year total at Costco on eligible purchases. Those are the exact numbers needed to get $120 in rewards and break even on the extra yearly cost in the membership fees.

Do Executive members get 2% back on gas at Costco?

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.

Can I use my mom's Costco card without her?

The Costco membership card is non-transferable, but there are several ways to share the experience with family and friends. Anyone with a card can bring up to two guests to the Warehouse during each visit. Keep in mind that purchasing items is exclusive to Costco members.

Do Costco Executive members get in early?

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. For example, the Gold Star, Business, and Executive members all have the same hours at Costco.

What month does Costco send out rebate checks?

Costco Cash Rewards from Citi are distributed annually with your February credit card billing statement. If you've signed up for paperless statements, you'll receive it via email instead. If you need to replace your reward, you may do so by logging in to your online Citi account here: www.citicards.com.

Do Costco executive rewards expire?

Your credit card reward certificate from your Costco Anywhere Visa Card expires on December 31st of the year of issuance. The certificate has no value if not redeemed in person at any U.S. Costco warehouse, including Puerto Rico, before the expiration date.

Can I add a third person to my Costco Executive Membership?

A total of two people can be on a Gold Star Membership (either regular or Executive): one Primary Member and one free household member who is over 18 and lives at the same address.

Types of Costco Membership

There are two main types of Costco membership: the Gold Star membership and the Executive membership. The Gold Star membership costs $60 per year. In contrast, the Executive level is $120 per year. In other words, you pay twice as much for the perks of being a Costco Executive Member.

You Get Money Back As an Executive Member

The most important thing to understand is that even though you pay upfront for a better membership level, you ultimately might get that money back. In fact, depending on how much money you spend at Costco each year, you might get that back and then some.

Other Perks of Being a Costco Executive Member

Chances are that you probably spend enough at Costco to make the 2% rewards back worth it. After all, you’re only paying $60 more per year. Therefore, as long as you spend $3000 per year at Costco on eligible purchases, then you’ve made your money back. That said, though, there are other perks of being a Costco Executive Member.

How much does Costco Executive membership cost?

Executive Membership. Executive membership offers several additional benefits, at an annual cost of $120/year. It also includes a complimentary spousal card, and can be used by business members. Let’s take a closer look at the added benefits of the Costco Executive membership:

How much is Costco membership worth?

Many people agree that a Costco membership is worth the $60 a year . After all, that amount can be saved in one trip alone, with some of the non-grocery items sold at Costco. For example, I’ve found products like KitchenAid mixers and Ralph Lauren dress shirts, both at half the price found in other stores.

What is a Costco gift card?

A Costco Cash Card (gift card) will get you in the door, can be used by non-members, and can be purchased with a minimum balance of $10. There is one caveat. Once the card balance has been used up, it must be reloaded, or another one purchased by a Costco member.

What services does Costco offer?

These include photo development, a range of printing services, home and auto insurance, life and travel Insurance, professional installation services, as well as a tire centre.

What is Costco's service?

Costco offers services ranging from a real estate program to mortgages to insurance to business services.There are also some extras available to executive members, at a cost, including roadside assistance and cheaper cheque printing. Exclusive offers and extra discounts.

How much do you need to spend to get a $60 reward?

For example, to get a $60 reward, you would need to spend at least $3,000 a year, or $250 a month . This is relatively easy if you do most of your regular shopping at Costco. Most families spend at least that much on groceries, personal care items, and clothing. Simply make a list, and plan to shop at Costco.

Is Costco good for families?

With so many tempting items on the shelf, shoppers often end up spending on impulse purchases. Costco is great for larger families since you can often find items to buy in bulk. Even a small family can benefit from a Costco membership since it’s possible to preserve for a later date some of the items purchased.

How much does Costco Executive Membership cost?

The Costco Executive Membership is a step up from the Gold Star Membership. It comes with several additional perks, however, the annual fee is $120 per year. Like the Gold Star Membership, you can get a second card for free for a spouse or family member (as long as they live at the same address).

How much cash back does Costco give?

The biggest draw for most consumers to get the Costco Executive Membership is the cash back aspect. All executive members will receive 2% cash back on the majority of their purchases (some items, such as alcohol, are not included in this). While the cash back is a big draw, you’ll want to make sure that, at the very minimum, you make back that $60 extra that you paid for this membership. To do that, you’ll have to spend at least $3,000 per year which is $250 per month.

Does Costco accept Mastercard?

In case you didn’t know, Costco only accepts Mastercard in Canada. The Capital One Costco Credit Card is a no fee card which has an earn rate of 3% cash back at restaurants, 2% on gas, and 1% on all other purchases.

Does Costco have a club warehouse?

After all, unlike a traditional grocery store, Costco is a club warehouse and you do need to pay for a membership to shop here. As mentioned above, Costco is best known for its bulk groceries and supplies.

Does Costco have online shopping?

Like most retailers nowadays, Costco also offers online shopping. You will need to take a few minutes to create an account with your membership number, but once you are set up you can shop online. You’ll find plenty of different and new products online that aren’t available in-store plus you’ll also be able to take advantage of some of your favourite Costco services such as the photo centre which will let you create custom photobooks or photo gifts from the comfort of your home. Shipping is available to most Canadian residences.

Does Costco carry electronics?

On top of groceries and household supplies, Costco also carries electronics such as TVs and cellphones, brand name clothing, and kitchen items such as coffee makers and mixers. Costco stores also offer several services that members can take advantage of. These additional Costco services include: Costco Gas.

Is Costco membership worth it?

If you think that you will be a frequent shopper at Costco, then the Costco Executive membership is likely worth it. However, remember that while the intent of Costco is to save money, and you shouldn’t be spending money on random unneeded items just to validate getting the more expensive card. If that’s the case, then the regular Gold Star Membership will do just fine.

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.

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.