Got my first executive reward certificate today and happy to report it was enough that I got paid to be a member. 
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They used to break it down for you how much monthly you need to spend for it to be a wash, but with the recent increase I am not sure how much that was. We did just buy a TV so we should be good again this year
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Am I costing myself money not being an executive member? We go probably every other month and spend $300-$500 a trip usually.
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believe the math is about $500 a month it pays for itself
nvm @Kerry got it
How it has always worked for my family (of 3) is about $100 every 7-10 days give or take and rely on them for larger purchases (TV’s, travel, rental cars, etc.). Seems that sort of gets us to our number every year.
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So you just get a check back that covers the extra $60? Or is there additional benefits?
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yep. They mail it to you about a month or so before your renewal is due
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Just an additional 2% cash back
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there are if you use Costco for things like travel and what not. You get sort of the premium rental car discounts is the best one I have found. I also think it gets you free shipping online(?) but not entirely sure on that.
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Your membership card is black. Can’t put a price on that.
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Yes. Get the credit card so you get double payback plus 5% back on gas.
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What are the three bullet points benefits of the Costco credit card and is that a better net benefit than my CSR?
ChiliGPT
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5% Costco gas
4% anywhere gas
3% Costco purchases
Annual fee covers your executive membership
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I’ve been thinking about getting one. I only have one Visa card and it’s to Amazon, and we order way less from them than we used to. Would be nice to hammer 2% on my trips and fill up each time.
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the executive card doesn’t give 2% back on gas. see all the caveats here
Sorry, just meant 2% in my trips to Costco, and also get gas before I leave.
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I make about $250-$300 back every year from the CC and executive rewards. I exclusively use the CC at Costco and for gas. That’s it … and I work from home and our other car’s gas is paid for on a corporate card.
I get gas at Costco maybe 1-2x a year. the gas station right outside our neighborhood is a Sinclair and with 10 cents off per gallon via the app, it’s just more convenient to get it there with the 4% vs. the 5% at Costco.
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Thanks, I didn’t need have this math done knowing what the refund was.
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It isn’t.
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It definitely wouldn’t replace a CC you already have and like. Just depending on Costco spend may be worth adding to your wallet.
I have it, it’s fine. I think we save upwards of dozens of dollars by having it, ymmv.
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