Is Your Costco Membership Still Worth It? Here’s How to Get a Refund

At the threshold of a new year, it is often advisable to evaluate ongoing subscriptions and memberships. Particularly with price increases, such as those implemented by Costco for the Gold Star Membership to $65 and the Executive Membership to $130, many are questioning whether the membership is still worthwhile. For those who decide that a Costco membership is no longer justified due to infrequent use and despite tempting offers, there is an easy way to obtain a refund. Costco offers two options to cancel the membership: either by visiting a branch in person or through an online form, especially if the membership was automatically renewed. The unique aspect of Costco's cancellation policy is that you can terminate your membership at any time and receive a full refund. This generous refund policy reflects Costco's commitment to 100% customer satisfaction. Consider reviewing and potentially canceling your membership by keeping an eye on your budget and the benefits. A highlight for Executive Members, for example, is the 2% cashback on purchases, which only proves beneficial if used regularly. However, if you have noticed that the cashbacks do not reach the desired amount, canceling might make sense. With a maximum cashback of $1,250 per year, recently increased from $1,000, Executive Memberships can be lucrative—provided the benefits are fully utilized. Naturally, a Costco membership offers many a saving opportunity. But if you are among the customers who cannot adequately utilize the offered benefits, it might be time to end the membership. Finally, a credit card offering special rewards should be mentioned—also for shopping at Costco. This credit card grants you unlimited 2% cashback on purchases and an additional $200 welcome bonus with no annual fee. It is worth taking a look at these benefits and potentially profiting from them.