Upgrade to an Executive Membership and receive an annual 2% Reward. The Executive Membership upgrade fee is an additional $60 a year for Business or Gold Star Members (plus sales tax where applicable). We will prorate the upgrade amount based on the months remaining in your current membership. Purchases made prior to upgrading are not eligible for the Executive Membership 2% Reward. At your next renewal, you will be billed a total of $120 for your Executive Membership. To upgrade, visit the membership counter at any Costco warehouse.
|Paid Executive Membership 2% Reward|
Approximate Annual Reward
Costco Executive Members receive a 2% Reward on qualified purchases (see calculation of 2% Reward below). Reward is capped at, and will not exceed $1,000 for any 12-month period. Only purchases made by the Primary and active Primary Household Cardholder on the account will apply toward the Reward. The Reward is not guaranteed to be equal to or greater than the Executive upgrade fee paid. Limit one Executive Membership per household or business. Purchases made prior to upgrade do not qualify for the 2% Reward. If, at any time, the Primary Household Cardholder is removed from the account, their purchases will not apply toward the Reward.
The Reward is issued approximately 3 months prior to the member's renewal date in a Renewal Statement and reflects rewards earned up until the issue date. A member must be an active, paid Executive Member when the Reward is earned and issued to receive the Reward. Costco may opt to deliver 2% Rewards to Executive Members who are Costco employees via direct deposit, based on payroll records, in lieu of issuance of a Reward Certificate. To receive a refund for the Executive upgrade fee the membership must be canceled or downgraded to a Gold Star or Business Membership and any 2% Reward issued or accrued will be forfeited. Any additional savings and services exclusively for Executive Members will be rescinded.
Reward is approximately 2% of pre-tax purchases (less refunds) of most merchandise purchased through: front-end registers, most ancillary business registers at Costco warehouses and Costco websites in both the U.S. and Canada by U.S. and Canadian residents and qualifying purchases made directly from Costco Travel once travel is completed. In the U.S., Rewards are not calculated: (i) on purchases of cigarettes or tobacco-related products, gasoline, Costco Shop Cards, postage stamps, alcoholic beverages in certain states (including Alabama, Connecticut, Georgia, Kentucky, Michigan, Ohio, and Tennessee), prescription purchases in certain states (including Arkansas, New Jersey, and New York), and at food courts; (ii) on membership fees; (iii) on purchases not recorded through Costco’s front-end registers and transactions done on or through websites not hosted by Costco even if accessed through Costco.com, including all business, consumer, and insurance services, the Online Photo Center, and the My Publisher website; (iv) on miscellaneous fees, deposits and taxes, including sales tax and shipping; (v) where prohibited by law or regulation; (vi) on purchases made by anyone other than the account’s Primary or Primary Household Cardholder; (vii) on travel purchases: surcharges, gratuities, trip protection, travel purchased through a third party, upgrades, rental car equipment, resort charges and port charges; and (viii) on certain other categories as determined at Costco’s discretion, which may change without notice.
The Reward certificate is mailed with the Executive Member's annual renewal notice. Rewards totaling less than $1 will not be sent. The Reward may be used toward purchases of most merchandise through the front-end registers at Costco warehouses in the U.S. Reward certificates may not be used: (i) toward purchases of certain merchandise such as alcohol, cigarettes or tobacco-related products; (ii) toward purchases that are not recorded through Costco's front-end registers, such as purchases at gas stations, Food Courts, and online at Costco.com; (iii) as payment on credit card accounts; (iv) on purchases of services, such as travel and auto; (v) where prohibited by law or regulation; or (vi) on certain other categories as determined at Costco's discretion. Reward certificates may not be redeemed for cash. Reward certificates will not be replaced if lost or stolen. Reward coupons will be mailed with membership renewal notices. Reward coupons may be redeemed by the Primary Member toward purchases of most merchandise through the front-end registers at Costco warehouses throughout the United States only.
Canadian program rules are available at Canadian warehouses. Costco reserves the right in its discretion to discontinue or change the 2% Reward program at any time, or to disqualify or cancel members' participation.