IF you get the Executive Membership and at the end of the year (end of the membership year I guess) you do not get enough value out of the membership you can ask for a refund of the extra $60 it cost you to upgrade your membership.

Me and my parents share the gold membership together. I live alone in TX and rarely go to Costco. My parents live in Southern Cal and go to Costco more often but not spending enough for executive membership. The money they save on gas at Costco alone justifies the Costco gold membership though. I believe the gas spending doesn't count toward the 2% rebate.

I have never had a Costco membership and have been wanting to get one as I will be moving away from home to go back to school and I have only heard great things about Costco. Thank you for clearing this up and I now know to definitely go for the executive membership!

Great infos! Thanks! Trying to switch from Sams to Costco😊

Whipping out your executive black card at the door is the best part of owning the black card 😂

Thank you for sharing your information

Thanks! Great video

I was new to Costco so I was advised to get executive membership bcz for that I can get 3% cash back on purchases at gas stations or restaurants. It was $120 for membership but I aonly had to pay 60 and rest $60 credits they applied to my Mastercard that I will get along with it worth $3000. So if someone is totally new to Costco they should get executive bcz u r still paying same $60 for membership and get cash back benefits

Is there any difference whether or not you get the Citi Costco card on top of either memberships? Does it matter? I think you get the cashback via Citi seperately from The Exec cash back right?+

Thank you for your explanation. We did the gold them two weeks later somebody gives us the talk and we upgrade but honestly for us isn't worth it because we are not leaving close to any Costco so we may go back to regular membership. Also, we won't expend 3000 a year so we didn't get the 60 dollars back we got 20 dollars😢😢😢. Again thank you for your explanation.

It's 3k you have to spend extra to offset the extra $60. I assume that means you have to spend another 3k for the gold card member level cost. So essentially 6k spent a year to break even. Plus there is time value of money. They have your full $120 at the beginning of your one year membership. If you can earn more than 2% on your $120 invested after taxes then that negates the 2% additional saving. Of course if you use the other executive benefits than the 2% isn't as much of a weighing factor in deciding if to upgrade from regular to executive level.

It's definitely worth it if you are buying for a family. If you are an individual the basic card is fine.

Going to Costco tomorrow now that our Sams club membership expired. Great video!

I was told that if you have the executive membership and do not receive a check for at least the price of the standard membership, they will refund you the difference, so its no risk to get the executive membership.

I'm going for the year now and I have not received the supposedly check? I got the gold membership if i downgrade does my citi credit card still work the same. I would get cash back on it?

I just want to know i must to pay 120$ every years or juste for once

Tengo la tarjeta negra por mas de 10 años y me gusta ❤

Audio level too low! Good video, but had to turn the volume up very high compared to other videos on KZfaq. Can you re-record, or re-upload? Thanks!

Does buying from the foodcourt count into the 2% reward?

Do they offer free shipping? Or is there a minimum?

Does buying gas count?

Thanks ..so I am decided

I have 2 toddlers and an infant on the way looks like I need to go the executive route

The price looks like canadian

I need Costco to work with Amex!!

after using my parents membership for the longest, I finally got my own lmao

My husband and I bought the executive card, and sorry we did !!! It was worth it the first year since we got a deal and only had to pay an extra $10.00 for it, but won’t renew it next year, we aren’t making that much on our Costco Visa card that we got with it and it is just too confusing keeping track of his, mine and ours stuff !!!! And I am sure the renewal fee will be a lot higher !!!

My wife wants to know your skin routine? 😬🤣

I think he get pay by Costco

I Believe; if you dont hit the 6k threshold you can actually go to membership desk at the end of the year and excess will be refunded to you. so basically a free executive upgrade. I may be wrong.

so spending $250 a month, you get $60 cashback every month?

They get so aggressive at checkout pushing you into an executive membership, you say no thanks and they keep annoying you!😡