An executive Costco membership costs $130 annually and includes a 2% cash-back reward on qualifying pre-tax purchases, with a maximum annual rebate of $1,250. A standard membership costs $65. Spending approximately $3,250 per year at Costco returns the upgrade cost through the 2% reward, and higher spending produces net savings. Costco sends an annual cash-back voucher about two months before membership renewal that can be redeemed on future purchases. Costco also offers a satisfaction guarantee allowing members to receive a refund of the membership cost at any time. Executive members receive additional perks such as early shopping hours and other special benefits.
"A standard Costco membership costs $65 a year, and the executive version is double the price at $130 annually. However, we recover the cost of the upgrade just by making qualifying purchases at the warehouse. That's because the executive membership comes with a 2% cash back reward, which allows shoppers to earn up to $1,250 back on qualifying pre-tax purchases."
"Costco has always been a part of my life. I remember taking family trips to the warehouse as a kid and sharing soft-serve with my siblings. When I moved away for college, I still asked my parents to take me to Costco, often "borrowing" their membership card for big shopping trips to stock up on food and household items. Later, my partner and I went all in, splurging on our own executive membership and even getting the Costco Citi card."
Read at Business Insider
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