Should YOU Upgrade to the Costco Executive Membership?

The Costco Executive membership is Costco's premier membership that offers more benefits than the basic Gold Star membership.

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🎥 YOUTUBE @costcozaddy
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About: In this video, I compare the 2 types of membership options and help you figure out if you should upgrade to the Costco Executive Membership.

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[stevemccollum]

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.

[jeffreyamoroso]

Thanks for explaining that it’s much more clear now on the differences between executive and gold levels.

[trinfinitei]

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

[yashpatel]

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!

[texassecession]

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.

[macky]

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

[stephen]

We just visited Costco for the first time. I bought a membership through Stack Social, which cost $65 for the gold card, but I received a $45 voucher to spend. They did talk us into the Executive level, but the selling pitch was if we don’t spend enough to benefit the additional cost, they will refund it. I did apply for the Citi card and I intend to use it as often as possible to benefit from the cash back feature. We are not buying for a family so I don’t think we will be setting any records there.

[jotkaur]

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

[JoelUldrych-khsc]

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.

[cyrusm]

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

[wendycash]

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.

[sweetcandy]

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

[majo]

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.

[superduperboyx]

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?+

[titoscreditcards]

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

[oliverflores]

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?

[zcvxs]

There are 6 costco's near me ..but almost 1 hour drive to Sam's club..lol..

[kiasydwx]

This spreadsheet isnt a normal spreadsheet. Theres alot of people that spend at least 300$+ each time they go I get at least 300$ back yearly plus more cash back on my citb bank costco card

[JacobHamilton_]

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

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 !!!