The value of Costco membership may be contentious, but what about a Costco Executive Membership? The upper echelon offers 2% Cash Back, as well as a slew of discounts on insurance, small business services, check printing, and more. Here’s MyMoneyBlog’s take:
- “Executive membership costs $100, regular is $50. At 2% back, basic math says you’ll need to spend $2,500 a year to break even. I probably don’t spend that much. Then I remembered a rumor I kept hearing and was reminded of recently at HustlerMoneyBlog. I asked customer service and… it was true! If you don’t profit with the Executive Membership, Costco will give you back the difference. Say you only get $20 in rebates. Bring in your rewards check at the end of the year and they’ll give you $30. So there is no risk.”
No risk, as long as you don’t forget to keep track of all your receipts and ping customer service at the end of the year. For those low on organization and grocery expenditure, the Costco Executive Membership may not be a good choice. — BEN POPKEN
Is Costco Executive Membership Worth It? [My Money Blog]
UPDATE: Several commenters have noted that Costo keeps track of all your purchases and makes it easy to pull up your purchase record. So perhaps this membership is worth, as long as you make sure to check after a year.