Guest Post: Costco Membership- Is it Right for You?

Coscto membership: Is it right for me? For my family the answer is, “YES!” I have been a member for nearly 6 years and have saved thousands of dollars with my Costco membership. A Costco membership is not for everyone so be an weigh the pros and cons before you become a member.

Costco only accepts Cash, Check, Visa and Mastercard Debit (these cannot run through as credit), and American Express Credit Card for payment. Costco hours are not your normal store hours and each location could vary slightly. The hours to my local store are 11 a.m. to 8:30 p.m. Monday through Friday. Saturday 9:30 a.m. to 6 p.m. and Sunday 10 a.m. to 6 p.m. Locate a warehouse here for more information.

Membership Options

In order to shop at Costco you must be a member-with the exception of a Costco Cash card (see below).

Would you like to try it out risk FREE? If you do not earn $50 from the 2% back reward, the cost of an Executive Membership, you will get the difference back. For example, you sign up for an Executive member and pay the extra $50. At the end of the year your check is $35.00, Costco will give you back the remaining $15.00-the cost of the upgraded Executive membership. They will also reverse your membership, meaning your membership steps back to the basic Gold Star.

If you start a Gold Star membership in June and January you decide to get an Executive Membership, the executive fee will be prorated, you will be charged $21.00 instead of the full $50.00. Once again if your total 2% reward is less than $21.00 they will give you the difference back.

Other Executive Membership Perks Include:

Costco is open one hour earlier just for Executive Members (I love this benefit!)
Travel Value-added extras on select vacations and cruises.
Lower prices on check printing, auto loans and identity protection
Larger Costco Cash card amounts for mortgage, real estate and home equity transaction
Account bonus for money market and online investing accounts
Free roadside assistance for vehicles covered through the auto insurance program
Extra travel benefits
Monthly Costco Connection Magazine
In California only: Group Dental Plan/Individual Health Insurance
In California, Hawaii, Orgeon, and Washington: Business Health Insurance

I have been an Executive Member for 2 years now and love the 2% reward benefit. Each year it just about covers my total Membership costs. Read more about the 2% reward here.

1 Hour Photo
Costco’s photo lab is excellent! Not only do they have the best prices, they have great quality too.They offer excellent customer service too. My husband is a photographer and several times has had to reprint entire orders because of goofs-both Costco’s fault and ours. If you think there is a problem with the print they will re-print at no charge. Click on pricing at the very bottom of this page for more product pricing.

Optical
Costco offers low prices, good service, and quality options for those needing glasses and contacts.

Food Court
If we choose to eat fast food we like to eat here. They have a LARGE hot/polish dog and refillable drink for $1.50. They also have a HUGE slice of pizza, non-fat yougurt, berrie smoothie for all under $2.00. They do have tables inside to sit and eat.

Other Services
Other in-store departments that may be available are Hearing Aid Service, Gas Station, Butcher Shop, Pharmacy, Bakery, APS processing, BBQ Deli, Business Products, Rotisserie Chicken, Service Deli, Special Order Kiosk, Take Out Pizza, and Tire Shop. Find out if these departments are in your local store here.

Other Costco services include Auto program, Boat & RV financing, event tickets, high yield saving accounts and CD’s, identity protection, Mexico travel auto insurance, personal check printing, online investing. Find out more about these services at Costco.com.

Home and Auto Insurance
When we moved to Mississippi a few years ago we shopped around again for insurance. We were disappointed to learn how expensive it was going to be and we moved from California! I looked into Costco Home and Auto Insurance provided by Ameriprise and ended up saving about $500 a year! We switched providers and have been very happy ever since.

Costco’s 100% Satisfaction Guarantee
On Merchandise: We guarantee your satisfaction on every product we sell with a full refund. Product-specific limitations apply. See the membership counter for details.

On Membership: We will refund your membership fee in full at any time if you are dissatisfied.

Price Check
I have heard many people refer to Costco as the $100 dollar store. Yes, because Costco sells in bulk you are going to pay more! I keep a $350 monthly budget and I shop at Costco on a weekly basis, so with careful planning you can shop at Costco and not break the bank.