How do costco cards work

We also considered additional perks, the application process and how easy it is for the consumer to redeem points. The company's data development team provided the most up-to-date and comprehensive consumer spending data based on the Consumer Expenditure Surveys from the Bureau of Labor Statistics.

You can read more about their methodology here. General purchases include items such as housekeeping supplies, clothing, personal care products, prescription drugs and vitamins, and other vehicle expenses.

CNBC Select used this budget to estimate how much the average consumer would save over the course of a year, two years and five years, assuming they would attempt to maximize their rewards potential by earning all welcome bonuses offered and using the card for all applicable purchases. All rewards total estimations are net the annual fee. While the five-year estimates we've included are derived from a budget similar to the average American's spending, you may earn a higher or lower return depending on your shopping habits.

Skip Navigation. Follow Select. Our top picks of timely offers from our partners More details. SoFi Personal Loans. Offers may be subject to change without notice. Article continues below advertisement. What kinds of memberships does Costco offer? It is suitable for the average family and can be used at any Costco location. If you buy a Gold Star membership, you will receive two cards, so you can keep one for yourself and give the other to someone in your household.

They also receive a subscription to Costco Connection magazine and additional benefits and discounts on various services at Costco. See your approval odds. Quick Facts Discover one of Citi's best cash back rewards cards designed exclusively for Costco members.

Show More. Cons Must be a Costco member Limited redemptions. Read our review. Sign up now. It really is an anywhere card. Big gas rewards. Rich rewards on dining and travel. No foreign transaction fees. Its richest reward rates are outside Costco. It requires excellent credit for approval. No sign-up bonus. Redemption is restricted. Find the best credit card The best credit cards of Best travel credit cards Best rewards credit cards Best cash back credit cards.

Does the Costco Anywhere Visa charge an annual fee? In many cases, yes. One Wirecutter writer justifies his membership almost entirely because of the money he saves booking rental cars through Costco Travel. And not everything sold at Costco comes in bulk. You can shop for things like headphones, iPhones, engagement rings, Legos, and plenty of other items.

Elissa Sanci is a staff writer for Wirecutter, where she covers deals, consumer shopping, and personal finance. Her byline has also appeared in Good Housekeeping and Marie Claire. Does the membership extend to Costco. How do you pay for purchases? What services can you use without a Costco membership? Is there any way to shop at Costco without a membership?

So, is the price of a Costco membership worth it? Frequently asked questions. The pharmacy. You can also take advantage of other health services there, like flu shots or ear and eye exams.