02 Aug
Costco Cash Back. Get The Best Costco Cash Back
August 02, 2023
Maximizing Your Costco Cash Back: A Comprehensive Guide
Costco Cash Back. Who doesn’t love getting some money back after making purchases? With Costco’s cash back system, you can do just that. But how does it work and how can you maximize your cash back? Keep reading to find out!
Understanding Costco’s Cash Back System
How Does it Work?
At its core, Costco’s cash back system is a rewards program. As a member, you earn a percentage of your eligible purchases back in the form of a reward certificate. You might ask, “What’s the catch?” Well, there’s none!
Eligibility for Cash Back
To be eligible, you must have either a Costco Executive Membership or the Costco Anywhere Visa Card by Citi. Each offers its own distinct advantages.
Types of Costco Cash Back
Executive Membership 2% Reward
For an annual fee, Executive Members earn a 2% reward on eligible Costco and Costco Travel purchases. There’s a caveat though, the maximum annual cash back reward for this membership is capped at $1,000.
Costco Anywhere Visa Card by Citi
This credit card takes cash back to a new level. Cardholders earn 4% on eligible gas purchases (up to $7,000 annually), 3% on restaurants and eligible travel, 2% on all other purchases from Costco and Costco.com, and 1% on all other purchases. No cap for cash back earned from this card.
Maximizing Your Costco Cash Back Rewards
Tips for Using the Costco Anywhere Visa Card
To maximize your rewards, use your Costco Anywhere Visa Card for all your purchases, not just at Costco. Remember, every swipe is an opportunity to earn.
Strategies for Executive Members
As an Executive Member, consider making all your major purchases at Costco. The more you spend, the more cash back you’ll earn (up to $1,000, of course!).
Redemption Process for Costco Cash Back
How and When to Redeem
Costco sends out reward certificates annually. For Executive Members, it’s typically in February, while Visa Card holders receive theirs after their February billing statement closes. These certificates can be redeemed for cash or merchandise at any U.S. Costco warehouse.
What If I Don’t Redeem My Cash Back?
Unused reward certificates expire on December 31 of the year issued. Don’t let your hard-earned cash back go to waste!
Common Misconceptions and FAQs about Costco Cash Back
Is the cash back actual cash?
Yes, it is! Once you receive your reward certificate, you can exchange it for cash at any U.S. Costco warehouse.
Can I earn cash back on all purchases?
Unfortunately, no. Certain purchases like tobacco products, gasoline, and certain other items are not eligible for cash back. Check with Costco for a full list of exclusions.
Costco Cash Back
Maximizing your Costco cash back requires a strategic approach. By understanding how the system works and using your membership or card wisely, you can make the most of your Costco shopping experience.
FAQs: Costco Cash Back
- What is the maximum cash back for Executive Members?
- The maximum annual cash back reward for Executive Members is $1,000.
- Does the Costco Anywhere Visa Card by Citi have a maximum cash back?
- There’s no maximum cash back for purchases made using the card. However, the 4% cash back on eligible gas purchases is capped at $7,000 annually.
- Can I use my reward certificate for online purchases?
- No, reward certificates can only be redeemed for cash or merchandise at any U.S. Costco warehouse.
- What happens if I don’t use my reward certificate before it expires?
- Unused reward certificates expire and cannot be redeemed after December 31 of the year issued.
- Are all purchases eligible for cash back?
- Not all purchases are eligible for cash back. Some exclusions apply, so it’s best to check with Costco for the full list.
Here are 10 tips to maximize your Costco cash back rewards:
- Upgrade to Executive Membership: If you are a regular member, consider upgrading to an Executive Membership. This will allow you to earn a 2% reward on eligible Costco and Costco Travel purchases.
- Apply for the Costco Anywhere Visa Card: This card by Citi allows you to earn cash back on all purchases, not just those at Costco. This includes 4% on eligible gas, 3% on dining and travel, 2% on Costco purchases, and 1% on everything else.
- Use Your Card for Everyday Purchases: The more you use your card, the more cash back you’ll earn. Consider using it for all your everyday purchases to maximize your rewards.
- Plan Large Purchases: If you’re planning to make a large purchase, consider buying it at Costco to take advantage of the 2% cash back for Executive Members.
- Fill Up Your Tank: If you have the Costco Anywhere Visa Card, use it when you fill up your gas tank. You’ll get 4% back, up to $7,000 per year.
- Travel Through Costco: Plan your travels through Costco Travel to get a 2% cash back as an Executive Member.
- Dine Out and Travel More: Use your Costco Anywhere Visa Card when dining out or traveling. You’ll earn 3% cash back on these purchases.
- Don’t Forget to Redeem: Cash back rewards are issued annually. Make sure to redeem them for cash or merchandise at any U.S. Costco warehouse before they expire.
- Understand the Exclusions: Not all purchases are eligible for cash back. Be aware of what is and isn’t included so there are no surprises.
- Pay Your Balance in Full Each Month: If you don’t pay your balance in full each month, the interest you’ll pay on the Costco Anywhere Visa Card could outweigh the benefits of your cash back. Aim to pay in full to really benefit from your rewards.
