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A Costco veteran has revealed the top benefits that make the warehouse-based retailer’s membership worth it.
Currently, Costco’s standard membership is $60 a year and its executive level is $120.
However, starting September 1, the rates will increase to $65 and $130 per year respectively.
Veronica Thatcher, who has worked at the chain for almost two decades, has revealed her top eight tips and tricks for getting the most out of a membership.
“From saving money by buying groceries in bulk to taking advantage of executive membership rewards, there are many reasons why it’s beneficial to shop at the grocery store,” Thatcher said. He told Business Insider.
Veronica Thatcher has worked at Costco for eighteen years.
1. Generous return policy
Costco has a famously generous returns policy that offers its loyal customers a “100 percent satisfaction guarantee.”
According to its website, Costco does not specify a due date for refunds or require the customer to bring a receipt.
Customers have tested the limits of this generous policy by returning vacuum cleaners and sofas that are two years old.
The warehouse-based chain will even allow customers to return half-eaten food if there is a problem with the product or if it spoils before the expiration date.
There are some exceptions, including electronics purchased more than 90 days ago, cigarettes, alcohol, batteries, tires, gold bullion, and gift cards.
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2. Cheap gasoline prices
Costco offers a members-only gas station with plenty of pumps, so you can skip the lines.
The stations also have helpful staff and some have car washes, Thatcher said.
Plus, gas is usually cheaper than at other local gas stations, he added.
Costco members can pay for gas through their physical membership card, on the Costco app, and at select locations, even through a Costco Pay Fob.
3. Great benefits with executive membership
The highest membership level, Executive, offers customers two percent cash back on qualifying purchases.
The maximum cash reward for an Executive Card is currently $1,000 a year, but once membership costs increase in September, it will rise to $1,250.
To earn the maximum cash back, a customer would need to spend at least $62,500 at Costco annually.
Customers can earn up to $1000 in cashback with Executive Membership
4. Delicious deals at the food court
Costco is still offering its popular hot dog and soda combo for $1.50, even though Sam’s Club recently lowered its price by offering it for twelve cents less.
Other low-cost treats include an 18-inch pizza for under $10.
Whether you’re simply stopping by for a snack or refueling for the ride home after a busy shopping trip, the food court is a favorite among members.
Costco’s $1.50 hot dog and soda is a big hit with members
5. Wholesale purchases
Buying essentials like toilet paper and toothpaste can be a great way to save money in the long run, and buying in bulk is what Costco does best.
“Wholesale stores often offer lower prices on clothing, electronics and household goods than their competitors,” Thatcher wrote.
“I’d say my family of four saves almost $1,000 each year, not including the 2 percent cash back I accumulate through my executive membership,” the employee added.
Buying in bulk can help shoppers save money in the long run on household essentials.
6. The concierge service
Costco offers a free concierge service to members looking to make a large purchase, such as a refrigerator or washing machine.
The service also provides members with technical support in case of any problems and a two-year manufacturer’s warranty extension from the date of purchase on selected items.
7. The hearing aid center
Most Costco stores offer free hearing screenings and have great deals on hearing aids and accessories that go with them, Thatcher said.
The service also offers hearing aid warranty, follow-up appointments, device cleanings and check-ups.
Many Costco locations offer free hearing exams and competitively priced hearing aids.
8. Travel packages and insurance
Costco members can also gain access to lesser-known benefits, such as exclusive deals on travel packages.
Other offers include a bottled water delivery service and discounts on solar panel installation.
Finally, members can also save money on home and pet insurance thanks to the offers offered by the chain.
