Comments on: A Costco Rewards Gift Certificate That’s Nice to Have http://www.thesunsfinancialdiary.com/personal-finance/costco/ Fri, 03 Feb 2012 17:42:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Trimhttp://www.thesunsfinancialdiary.com/personal-finance/costco/#comment-63700 Trim Wed, 13 Oct 2010 22:42:44 +0000 http://www.thesunsfinancialdiary.com/?p=4011#comment-63700 You wouldnt spend $500 on executive membership in five years if it kept paying for itself with the 2% rewards check. Wrong again Peter... You wouldnt spend $500 on executive membership in five years if it kept paying for itself with the 2% rewards check. Wrong again Peter…

]]> By: Jacobhttp://www.thesunsfinancialdiary.com/personal-finance/costco/#comment-61200 Jacob Wed, 04 Nov 2009 02:40:59 +0000 http://www.thesunsfinancialdiary.com/?p=4011#comment-61200 Peter wrote above, """I could take that extra $50 and instead put it into my ING Direct savings account and let it collect 1.35% for me.Costco Executive Membership only earns me back 2% on each purchase, which will only ever pay for my membership renewal."""Why would you want to make 1.35% interest on your money, when you could be getting 2% from the Executive Membership?The second part he wrote is incorrect. The earnings back are entirely liquid, and can be applied to membership renewal, any item Costco sells, as well as the ability to redeem them for CASH. Peter wrote above, “”"I could take that extra $50 and instead put it into my ING Direct savings account and let it collect 1.35% for me.

Costco Executive Membership only earns me back 2% on each purchase, which will only ever pay for my membership renewal.”"”

Why would you want to make 1.35% interest on your money, when you could be getting 2% from the Executive Membership?

The second part he wrote is incorrect. The earnings back are entirely liquid, and can be applied to membership renewal, any item Costco sells, as well as the ability to redeem them for CASH.

]]> By: Peterhttp://www.thesunsfinancialdiary.com/personal-finance/costco/#comment-60184 Peter Tue, 23 Jun 2009 19:36:22 +0000 http://www.thesunsfinancialdiary.com/?p=4011#comment-60184 The problem i have with spending $50 extra for the costco executive membership is...instead of Costco taking the additional $50 for the executive membership each year and putting it into an investment account and collecting interest for them, and only giving you back 2% on each purchase... I could take that extra $50 and instead put it into my ING Direct savings account and let it collect 1.35% for me.In 10 years, I will have spent $500 on memberships with the other $500 that i would have spent to upgrade to executive memberships collecting interest for me, and compounding...versus spending $1000 in 10 years for the executive membership, and only earning back 2% on each purchase which will only ever pay for my membership renewal. The problem i have with spending $50 extra for the costco executive membership is…

instead of Costco taking the additional $50 for the executive membership each year and putting it into an investment account and collecting interest for them, and only giving you back 2% on each purchase… I could take that extra $50 and instead put it into my ING Direct savings account and let it collect 1.35% for me.

In 10 years, I will have spent $500 on memberships with the other $500 that i would have spent to upgrade to executive memberships collecting interest for me, and compounding…

versus spending $1000 in 10 years for the executive membership, and only earning back 2% on each purchase which will only ever pay for my membership renewal.

]]> By: Stevehttp://www.thesunsfinancialdiary.com/personal-finance/costco/#comment-58614 Steve Sun, 24 May 2009 18:35:47 +0000 http://www.thesunsfinancialdiary.com/?p=4011#comment-58614 A good write up and useful comments! I've added a link to this article in my blog entry "Six ways to lower Costco Membership fee" http://costcohacks.blogspot.com/2009/05/six-ways-to-lower-costco-membership-fee.html A good write up and useful comments! I’ve added a link to this article in my blog entry “Six ways to lower Costco Membership fee” http://costcohacks.blogspot.com/2009/05/six-ways-to-lower-costco-membership-fee.html

]]> By: tomhttp://www.thesunsfinancialdiary.com/personal-finance/costco/#comment-58147 tom Tue, 19 May 2009 16:41:56 +0000 http://www.thesunsfinancialdiary.com/?p=4011#comment-58147 Actually it's worth it for everyone to upgrade to the Executive Membership.I have an Executive Membership, but didn't receive nearly as much in cash back as I thought (only $12!!). I guess I don't shop there enough. Anyway, I went up to the Customer Service desk to downgrade back to Gold and they said that if you receive anything less than $50 in cash back, Costco will refund you the difference and they did. I got my membership for $37 in April and they refunded me $25 cash! They next time you are under $50, bring in the check and they will refund the difference.Needless to say I'll be keeping my Executive Membership! Actually it’s worth it for everyone to upgrade to the Executive Membership.

I have an Executive Membership, but didn’t receive nearly as much in cash back as I thought (only $12!!). I guess I don’t shop there enough. Anyway, I went up to the Customer Service desk to downgrade back to Gold and they said that if you receive anything less than $50 in cash back, Costco will refund you the difference and they did. I got my membership for $37 in April and they refunded me $25 cash! They next time you are under $50, bring in the check and they will refund the difference.

Needless to say I’ll be keeping my Executive Membership!

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