3 Reasons Every Senior Should Consider a Costco Executive Membership

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Are you a senior considering joining your local Costco club? You may want to become an Executive member to access additional perks. Find out why. [[{“value”:”

Shoppers of all ages, including older adults, can benefit from the fantastic deals at warehouse clubs like Costco. But you must pay a yearly membership to score the best discounts. Costco has more than one membership available. The pricier Executive membership costs more, but it offers additional perks.

Consider joining Costco if you’re a senior shopper looking to keep more money in your wallet. I’ll explain why seniors can benefit from a Costco Executive membership in particular.

A brief overview of Costco’s membership options

You’ll need to become a member to shop for the best deals at Costco. Here’s an overview of the available membership options.

Gold Star

The Gold Star membership is Costco’s most basic membership offering. You’ll get two household membership cards and can shop deals in-club and online. Right now, you’ll pay $60 per year to be a Gold Star member. However, beginning Sept. 1, a Gold Star membership will increase by $5, costing $65 per year.

Executive

Costco also offers a pricier Executive membership. You’ll get all the perks of a Gold Star membership and more. One highlight is the opportunity to earn 2% rewards on eligible Costco purchases. We’ll dive into the details of that benefit later, but this is a valuable perk.

You’ll currently pay $120 per year to be an Executive member. But as of Sept. 1, an Executive membership will increase by $10, costing $130 annually.

Seniors can benefit from a Costco Executive membership

If you’re a senior, here are three reasons to pay more for an Executive membership.

Get rewarded when you shop

As an Executive member, you’ll earn 2% rewards on eligible Costco purchases, including Costco Travel bookings. This is an excellent incentive for frequent shoppers.

Executive members can earn up to $1,000 in rewards yearly. It’s worth mentioning that the maximum annual rewards cap will soon increase by $250. As of Sept. 1, 2024, Executive members can earn up to $1,250 in yearly rewards.

Save money when you order checks

You’ll get a better deal when you order printed checks through Costco. This is a worthy membership benefit if this is your preferred payment method. Costco members can order discounted checks through partner Harland Clarke.

Access additional travel perks when booking vacation packages

All Costco members can book travel deals through Costco Travel. However, only Executive members can access additional perks when booking eligible vacation packages through Costco Travel. If available, these extras will be listed in the vacation package description.

Examples include free daily breakfast, spa credits, and resort credits. Extras like these can add value to your vacation experience. If you’re retired and exploring the world, consider investing in an Executive membership to get these perks.

Maximize your savings by earning rewards

Did you know that you can earn rewards when you shop at Costco? Our number one strategy to save more money at Costco is to pay for your Costco purchases with a rewards credit card. You can earn cash back when you shop, resulting in significant savings. Want to learn more? Check out our list of the best credit cards for Costco to explore our top credit card picks.

Top credit card to use at Costco (and everywhere else!)

If you’re shopping with a debit card, you could be missing out on hundreds or even thousands of dollars each year. These versatile credit cards offer huge rewards everywhere, including Costco, and are rated the best cards of 2024 by our experts because they offer hefty sign-up bonuses and outstanding cash rewards. Plus, you’ll save on credit card interest because all of these recommendations include a competitive 0% interest period.

Click here to read our expert recommendations for free!

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The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.Natasha Gabrielle has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Costco Wholesale. The Motley Fool has a disclosure policy.

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