Costco New Membership Discount: $10/$20 Costco Cash Card

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costexecHere is a promotional Costco membership certificate for prospective new members. You buy a certificate for full price on the promotional page and then bring it in to Costco to activate your membership. I have done this promotion in the past. You’ll then get a gift card in the mail:

  • Gold Star Members receive a $10 Costco Shop Card
  • Gold Star Executive Members receive a $20 Costco Shop Card

Costco has two membership tiers for consumers: Gold Star membership at $60/year and Executive membership at $120/year. Executive membership comes with a 2% cash rebate on purchases (now up to $1,000 in total rebates) as well as some other side benefits. That makes the breakeven point now $3,000 annually (averages out to $250 a month).

Here are some useful details from the fine print:

To qualify as a new member, an existing Costco membership must be expired for 18 months or more. Not valid for renewal of an existing Costco membership or an upgrade of an existing membership to an Executive Membership.

The Costco Shop Card will be mailed to the address provided at the time of new membership sign up at the Costco location. The Costco Shop Card will be mailed within 4 – 6 weeks.

After joining, you may consider applying for the Costco Anywhere Visa® Card by Citi. The credit card also replaces your Costco membership card.

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Comments

  1. Joshua Katt says

    Might be worth noting that Costco has a decent app now that you can use as a membership card in a pinch (and tracking your rebates and look at their gas prices too, amongst other things). Would be nice if they add apple pay or some other mechanism to store the costco credit card too.

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