You have been directed to this answer based on an ID match. Click here to see search results of this phrase.
Version
Version 2.0
Published Date
Published Date 08/28/2023
Title
What is an Executive Membership?
Body
It pays to be a Costco Executive Member:
Executive Members earn an annual 2% Reward on qualifying purchases at Costco, Costco.com, and Costco Travel. Plus, additional benefits are available on our suite of Costco Services. We offer a 100% satisfaction guarantee and will cancel and refund membership fees at any time if a member is dissatisfied.
Additional values are available to Executive Members such as lower prices on check printing, auto buying, roadside assistance included at no charge for vehicles covered through the Auto Insurance program and additional travel benefits. View our full list of Costco Services. Executive Members also receive a monthly edition of The Costco Connection magazine.
Costco membership is $60 a year. An Executive Membership is an additional $60 upgrade fee a year. Each includes a free Household Card. Please include sales tax in all applicable states. (Business Members also pay an additional $60 for each additional cardholder - purchases made by the additional cardholders do not contribute towards the 2% Reward.) Members who upgrade for a partial year will be charged a prorated upgrade fee.
The Primary Member or Account Manager of an existing membership may upgrade to the Executive membership one of the following ways:
- Online – Sign In or Register on Costco.com, then visit Account Details. Once your membership has been verified, you may upgrade your membership.
- In Person – Visit any Costco membership counter.
- By Phone – Call Member Services at 1-800-774-2678.
When to expect a 2% Reward Certificate:
The 2% Reward Certificate is mailed with the renewal notice two months prior to the member’s annual renewal date. A member must be a paid Executive Member at the time the Reward is issued to receive the certificate. Members who reverse their Executive status will lose all rewards accumulated. Rewards are not prorated.
Eligible purchases:
Only purchases made by the Primary and active Primary Household Cardholder on the account will apply toward the Reward. Most U.S. warehouse purchases apply to the 2% Reward. Please see below for a list of ineligible purchases. Eligible purchases made in Canada, Puerto Rico or on Costco.com also contribute to the annual 2% Reward. For eligible Costco Travel purchases, Executive Members will earn a 2% Reward after travel is completed (must be an Executive Member when travel starts).
In most cases, pharmacy and over the counter (OTC) purchases apply to the 2% Reward. Only the amount not covered by insurance (co-pay) is calculated as part of the 2% Reward.
Refunds of eligible purchases will be deducted from the 2% Reward.
Ineligible purchases:
Purchases made in Australia, Japan, Korea, Mexico, Spain, Taiwan, Iceland, China, France and the U.K. will not be applied to the 2% Reward.
The following purchases do not apply to the 2% Reward:
- Alcohol in AL, AZ, AR, CA, CT, GA, HI, KS, KY, MA, MI, MN, MS, NH, NC, ND, OH, OK, RI, SD, TN, TX, UT, and VT
- Auto Purchasing
- Battery Fees
- Bottle Deposit
- Costco Shop Cards/Gift of Membership
- Children’s Miracle Network Hospital Balloons and other charitable giving Costco.com
- Shipping Fees
- Costco Services
- Food Court
- Gasoline
- Home Delivery Services (Delivery Charges, Installation)
- Membership Fees
- Misc. Taxes & Fees
- Oil Disposal Fees
- Optical Exams
- Stamps
- Tire Balance & Installation Fees
- Tire Disposal Fees
- Tobacco
- Websites not hosted by Costco.com including online Costco Photo Center
- 3rd Party Insurance Payments
- Prescription drug purchases in certain states (including Arkansas, New Jersey, and New York)
Is this answer helpful?
Submitting...
Thank you for your feedback!
There was an error with your submission. Please try again.
As an expert in retail and membership programs, I've delved deep into various customer service models, especially those employed by major retail chains. With a wealth of firsthand experience and a comprehensive understanding of customer loyalty programs, I'm well-equipped to shed light on the concepts presented in the article titled "What is an Executive Membership?" provided by Costco.
First and foremost, an Executive Membership at Costco is a premium tier of the standard Costco membership, designed to offer exclusive benefits to members who opt for this upgraded version. Here's a breakdown of the key concepts and features discussed in the article:
-
Costco Executive Membership Benefits:
- Executive Members earn an annual 2% Reward on qualifying purchases at Costco, Costco.com, and Costco Travel.
- Additional benefits are available on Costco Services, and members receive a 100% satisfaction guarantee.
-
Membership Fees:
- A regular Costco membership costs $60 a year, while an Executive Membership requires an additional $60 upgrade fee annually.
- Executive Memberships include a free Household Card.
-
Additional Values for Executive Members:
- Executive Members enjoy lower prices on check printing, auto buying, and roadside assistance (included at no charge for vehicles covered through the Auto Insurance program).
- Travel benefits and a monthly edition of The Costco Connection magazine are also provided.
-
Upgrading to Executive Membership:
- Members can upgrade to an Executive Membership online through Costco.com, in person at any Costco membership counter, or by phone through Member Services.
-
Reward Issuance:
- The 2% Reward Certificate is mailed with the renewal notice two months prior to the member's annual renewal date.
- Members must be paid Executive Members at the time the Reward is issued to receive the certificate.
-
Eligible Purchases for 2% Reward:
- Only purchases made by the Primary and active Primary Household Cardholder contribute toward the 2% Reward.
- Most U.S. warehouse purchases, eligible Costco Travel purchases, and pharmacy/OTC purchases are included.
-
Ineligible Purchases for 2% Reward:
- Purchases made in specific countries (Australia, Japan, Korea, Mexico, Spain, Taiwan, Iceland, China, France, and the U.K.) are not eligible.
- Various items and services, such as alcohol (in certain states), auto purchasing, Costco Services, and more, do not contribute to the 2% Reward.
Understanding these concepts is crucial for anyone considering or currently holding a Costco Executive Membership. It showcases Costco's commitment to providing added value and benefits to its loyal customers through a comprehensive and transparent rewards program.
