PLEASE NOTE: You will receive your check according to your membership schedule. I happen to receive mine in January.
Costco give 2% rebate checks to Costco executive members.
Costco’s regular membership fee is $60.00/yr. Executive membership is $120.00/yr. In order for my executive membership to pay for itself, I need to receive a $60.00 rebate check. This year I received $91.31. So, my executive membership paid for itself and they rewarded me $41.31 on top of it. It paid to be an executive member at Costco this year. Last year was a different story. Last year, my reward check didn’t quite cover my executive membership. It was short by $1.42.
Quick math: 2% of $5,000.00 is $100.00
Keep in mind, what I received is a reward check from Costco. If you have a Citi Visa card, you will also receive a Citi Visa reward check. I receive these in February, but you may be on a different schedule.
You will receive your reward gift certificate according to your membership renewal date. (Read more from Costco)
The Reward is issued approximately 3 months prior to the member’s renewal date in a Renewal Statement.