Comments on: Costco Gets It http://www.everybodylovesyourmoney.com/2007/02/22/costco-gets-it.html Living for today - Planning for Tomorrow Sun, 25 Jul 2010 21:20:26 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Andy http://www.everybodylovesyourmoney.com/2007/02/22/costco-gets-it.html/comment-page-1#comment-70151 Andy Tue, 06 Mar 2007 15:01:02 +0000 http://www.everybodylovesyourmoney.com/?p=365#comment-70151 I have executive membership plus Costco Amex card. I get 2% back from the membership + anywhere from 1-3% back from Amex cash back card. No annual fees on Amex card. When wife and I signed up for the executive membership, we figure we have to spend around $5000 to make up that $50 difference between regular membership and executive. It is sad to say this, but it is TOO EASY to spend $5000 at Costco each and every year. We've been an executive member since 2004, year we bought our house, and we gotten rebate checks over $100 each and every year. Last year was I believe $169. Well, it is not for everyone, but if you do the math, it is a card for everyone, if you are a costco member. Well, just my 2 cents. I have executive membership plus Costco Amex card.

I get 2% back from the membership + anywhere from 1-3% back from Amex cash back card. No annual fees on Amex card.

When wife and I signed up for the executive membership, we figure we have to spend around $5000 to make up that $50 difference between regular membership and executive. It is sad to say this, but it is TOO EASY to spend $5000 at Costco each and every year. We’ve been an executive member since 2004, year we bought our house, and we gotten rebate checks over $100 each and every year. Last year was I believe $169.

Well, it is not for everyone, but if you do the math, it is a card for everyone, if you are a costco member.

Well, just my 2 cents.

]]> By: Tim http://www.everybodylovesyourmoney.com/2007/02/22/costco-gets-it.html/comment-page-1#comment-68810 Tim Sun, 25 Feb 2007 21:51:32 +0000 http://www.everybodylovesyourmoney.com/?p=365#comment-68810 Hazzard, you can have two cards per membership family. So one for you and one for your wife, under one membership. Hazzard,
you can have two cards per membership family. So one for you and one for your wife, under one membership.

]]> By: Hazzard http://www.everybodylovesyourmoney.com/2007/02/22/costco-gets-it.html/comment-page-1#comment-68626 Hazzard Sat, 24 Feb 2007 01:43:52 +0000 http://www.everybodylovesyourmoney.com/?p=365#comment-68626 Thanks for the tip on the executive membership. I guess there really isn't any reason that I shouldn't go get it. Is it $100 per card? My wife and I each have a card so I'm not sure if it's worth $200 a year. Thanks for the tip on the executive membership. I guess there really isn’t any reason that I shouldn’t go get it. Is it $100 per card? My wife and I each have a card so I’m not sure if it’s worth $200 a year.

]]> By: Lazy Man and Money http://www.everybodylovesyourmoney.com/2007/02/22/costco-gets-it.html/comment-page-1#comment-68625 Lazy Man and Money Sat, 24 Feb 2007 01:19:11 +0000 http://www.everybodylovesyourmoney.com/?p=365#comment-68625 Yes, there's really no reason not to get the executive membership except for laziness (see myself). I have one, but I never come close to making my money back. So I'm thinking of getting rid of it so that I don't have to ask for the refund every year. Yes, there’s really no reason not to get the executive membership except for laziness (see myself). I have one, but I never come close to making my money back. So I’m thinking of getting rid of it so that I don’t have to ask for the refund every year.

]]> By: Tim http://www.everybodylovesyourmoney.com/2007/02/22/costco-gets-it.html/comment-page-1#comment-68401 Tim Fri, 23 Feb 2007 08:09:40 +0000 http://www.everybodylovesyourmoney.com/?p=365#comment-68401 There is absolutely no reason why someone who is going to buy a costco membership does not buy the executive membership instead of the standard membership. Yes, it costs $100, but you get 2% cash back rebate (use at costco) at the end of the year. Combine that with using a costco american express card, and that is a good deal. costco membership policy is such that if you get the executive membership and do not earn back the $100 to pay for the card, you can return the rebate check and get refunded to the standard membership. So you will always only have to pay $50. There is absolutely no reason why someone who is going to buy a costco membership does not buy the executive membership instead of the standard membership. Yes, it costs $100, but you get 2% cash back rebate (use at costco) at the end of the year. Combine that with using a costco american express card, and that is a good deal. costco membership policy is such that if you get the executive membership and do not earn back the $100 to pay for the card, you can return the rebate check and get refunded to the standard membership. So you will always only have to pay $50.

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