Costco Membership Discount: $10/$20 Coupon Code

costexec

As of June 1, 2017, Costco will be increasing its Gold/Business annual membership fees to $60 (formerly $55) and Executive annual membership to $120 (formerly $110). Executive membership comes with a 2% cash rebate on purchases (now up to $1,000) as well as some other side benefits. The breakeven point is now $3,000 annually x 2% = $60. That works out to $250 a month.

Existing Costco members can save $5 or $10 by renewing before the rate hike on 6/1. Effectively a little discount for renewing early. You renew online up to 3 months before your membership expiration date. You can also renew in-store before your membership expiration date (I read up to 5 months before but may vary). Finally, you can buy their “Gift of Membership” gift card which costs $55 right now and then save it to renew your own membership when the time comes.

New Costco members can get a $10 or $20 Costco cash card. There are two ways to see this offer. You can google search “Costco membership” and click on the ad at the top, or you can visit this link. Use the coupon codes NHMBASE and NHMEXEC online at Costco.com, or print it out and bring it into a physical store. You should see the following promotional offer:

  • GOLD STAR MEMBERSHIP – receive a $10 Costco Cash Card
  • EXECUTIVE MEMBERSHIP – receive a $20 Costco Cash Card

By the way, Sam’s Club is also (still? again?) running a new membership deal where a new member pays $45 and gets:

  • 1-Year Sam’s Club Membership ($45 value)
  • $20 Sam’s Club Gift Card
  • “Free meal” = 1 rotisserie chicken, 1 apple pie, and 36 dinner rolls ($20 value)

Comments

  1. Thanks for the reminder on renewals!

  2. Hi Jonathan – Thanks for the renewal reminder!

    I have been a Costco member for many years and it’s been great even with the relatively small annual membership fee.

    On the stock market investing side, $COST has a 5 year return of 105%.

    Also, the stock price is currently near all time high levels which is very bullish.

  3. Hi Jonathan,

    Where did you get the information that I can renew my membership in-store 5 months in advance? I tried to renew my membership last week in-store and they said, i can renew before a month only. If you can send me the link, I can show the Costco person next time I visit the store.

    • I can’t find a link right now, but an alternative is to buy the “Gift of Membership” gift card in the store which costs $55 right now and then just use that to renew your own membership when the time comes.

      • This tactic will not actually work, fyi. When you purchase the a GOM, you are essentially purchasing a $55 cash card that is then used towards a membership. In this case after June 1st, a $5 balance would remain… a balance that management would probably wipe out if you politely explain your stance.

        Also we able to renew you up to sixth months prior to renewal. Anything beyond that requires approval.

        Jim
        Former Membership/Marketing manager

        • Thanks for your comment. Do you know of any hard source that we can get for the 6 month renewal rule? The commenter above stated they had trouble renewing in-store, and I assume the elsewhere-reported 5-month rule is probably the same as your 6-month rule (i.e. must be less than 6 months).

        • Thanks for your comment. Do you know of any hard source that we can get for the 6 month renewal rule? The commenter above stated they had trouble renewing in-store, and I assume the elsewhere-reported 5-month rule is probably the same as your 6-month rule (i.e. must be less than 6 months).

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