3 Big Perks of a Costco Executive Membership

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page.


  • A Costco executive membership offers an annual 2% reward, allowing you to earn up to $1,000 back per year.
  • You could also get additional benefits and savings on Costco Services and bookings made with Costco Travel.

For frequent Costco shoppers, an executive membership is worth the money.

When you get a Costco membership, you have two options: gold star or executive. A gold star membership costs $60, and an executive membership costs $120. Since they both offer access to all Costco warehouses, you may wonder if it makes sense to spring for an executive membership.

There's a good chance the answer is yes. A Costco executive membership doesn't just get you a stylish black membership card; it also has a few big perks, and they could save you a lot of money.

1. Annual 2% reward

The most valuable perk of a Costco executive membership is the annual reward. With this type of membership, you earn 2% back on qualified Costco, Costco.com, and Costco Travel purchases. The maximum benefit amount is $1,000. It's paid as Costco Rewards, meaning rewards that you can use at Costco.

Let's say you spend $250 per month at Costco. That's $3,000 per year -- good for a $60 annual reward, which is enough to cover the added cost of an executive membership. If you spend $500 per month, that's a $120 annual reward.

You can also pay with rewards credit cards at Costco and earn even more. For example, if you pay with a card that earns 2% cash back, you're effectively getting 4% back total. Just keep in mind that Costco only accepts Visa credit cards.

2. Additional benefits and savings on Costco Services

Costco Services allows you to find service providers and take advantage of discount offers available to Costco members. Here are some examples of what you can find through Costco Services:

All Costco members have access to these services, but an executive membership has more to offer. For example, executive members may get lower prices on check printing and auto purchases.

3. Extra benefits on select Costco Travel products

Costco Travel allows members to book vacation packages, flights, hotels, and car rentals. Although this is available to all Costco members, there are also benefits solely for executive members. Here are a few examples of these extras:

  • Resort spending credits
  • Resort spa credits
  • Shipboard credits on cruises
  • Free massages

Also, as mentioned above, executive members earn 2% on Costco Travel purchases. If you love to travel, booking trips through Costco is a great way to boost your annual reward.

One other benefit you get with a Costco executive membership is Costco Connection magazine. This has product advertisements, interviews, and recipes. It's not a personal finance perk, but it's a nice extra if you'd like to add some reading material to your coffee table.

Considering it only costs an extra $60, a Costco executive membership is a bargain. You'll probably make up that extra cost with the 2% reward. You'll also benefit more if you use Costco Services and Costco Travel. You can sign up for an executive membership online or in stores. If you'd like to upgrade your membership, you can do so online, by phone, or in-person at Costco.

Alert: our top-rated cash back card now has 0% intro APR until 2025

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a lengthy 0% intro APR period, a cash back rate of up to 5%, and all somehow for no annual fee! Click here to read our full review for free and apply in just 2 minutes.

Our Research Expert

Related Articles

View All Articles Learn More Link Arrow