If you’ve been waiting for a Costco new member promotion before you join, today is your lucky day because Costco has announced their latest new membership promotion. Between now and June 30th, 2010, you can receive 2 months free when you join Costco. New Executive Members also get a $10 cash card on top of the two extra months. You can order your membership online here .
If you’re an existing member like me, you can get in on the fun too. Sign up for automatic membership renewal with an AMEX card and you get two extra months too. Call 1-877-258-6032. We use the AMEX Costco card .
New Executive Membership Promo
If you sign up for a new Executive Membership, you will receive 2 months free and a $10 Costco Cash Card (no expiration). This is in addition to an annual 2% reward on most Costco purchases, up to a $500 reward. Order the new membership and put in SelectsEX as the coupon code.
The Executive Membership normally costs $100 for 12 months, or around $8.33 a month. With the $10 cash card and 2 bonus months, the actual cost of the Executive Membership drops to $6.43 a month.
New Gold Star Membership Promo
If you sign up for a new Gold Star Membership, you will receive 2 months of membership free. Order the new membership and put in SelectsGS as the coupon code.
The Gold Star Membership normally costs $50 for 12 months, or around $4.17 a month. With two extra months, the monthly cost drops to a mere $3.57.
Is Executive Membership Worth It?
We upgraded our membership from Gold Star to Executive last year and it offers up several tangible benefits. First, you get to shop at Costco an hour early, which means you avoid longer lines. Plus, when you go in during that early hour, they put out pastries and coffee!
The 2% reward is where it matters. Executive costs $50 more than Gold Star, so you need to spend at least $2,500 to break even. That’s $208.33 a month. it’s a harder choice.
Lastly, Costco participates in co-branded partnerships, like the Costco/Capital One InterestPlus savings account , where Executive members get bonuses. I see those as icing on the cake if the 2% reward makes Executive membership a smart move. (if you need more convincing, here are five lesser known perks of Costco Membership )
(Photo: greenwenvy )