5 Simple Steps to Shopping at Costco Like a Pro

A Costco membership can be a solid investment. Taking advantage of members-only discounts when you shop can help you keep more money in your checking account.

If you’re exploring getting a membership or are a current member looking to get more value from your investment, you’re in the right place. I’ll share some tips to help you shop at Costco like a seasoned pro.

1. Review your membership benefits

Reviewing your Costco membership benefits carefully at least once per year is a good idea. These perks can change over time, and sometimes, new perks are made available. To get the most out of your Costco membership, ensure you’re taking advantage of the benefits. You may be missing out on discounts or services that could add value to your life.

2. Become an Executive member

Costco has a Gold Star membership and an Executive membership. A Gold Star membership costs $60 per year (soon to be $65 in September) while an Executive membership costs $120 (soon to be $130 starting in September) annually.

Many Costco regulars invest in the retailer’s Executive membership because of the added perks. One notable perk is the ability to earn rewards when you shop.

You can earn 2% rewards when you make qualifying Costco purchases. The annual rewards cap is $1,000, but that will increase to $1,250 starting Sept. 1, 2024. If you shop at the retailer often or spend a significant amount there, consider upgrading your membership to get the best value.

3. Know the return policy

Costco has a generous return policy. Most products can be returned for a full refund at any time if you’re unsatisfied with your purchase. This policy can give you greater confidence when trying new products. Keep in mind that some items, like electronics, have more limitations for returns.

Costco regulars are well aware of the retailer’s return policy. They don’t waste money on unused purchases. Instead, if they’re unhappy with a purchase, they make a return and get a refund. If you’re hoping to be a pro shopper, keep Costco’s return policy in mind while you shop.

4. Pay attention to what’s on sale

Costco has a reputation for having reasonable prices. However, in addition to low everyday prices, the retailer also runs sales. You can save even more money by purchasing items that are on sale. Before you head to your local club, review current sales prices at Costco.com or Costco’s mobile app so you don’t miss a great deal.

5. Earn rewards when you shop

Finally, take advantage of opportunities to earn rewards. There are other ways to earn rewards besides an Executive membership. Our No. 1 strategy to save money at Costco is to use a rewards credit card.

Using rewards credit cards to pay for your Costco purchases is a smart money move. You can earn cash back every time you shop. Cash back earnings help you maximize your savings. Check out our list of the best credit cards for Costco to learn how to earn cash back.

Now you know how to shop at Costco like a pro. If you’re ready to become a member, consider joining before Sept. 1, 2024, to lock in existing membership prices. You’ll save $5 to $10 if you join before the annual membership fees increase.

Top credit cards 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!

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. 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.

5 Simple Steps to Shopping at Costco Like a Pro was originally published by The Motley Fool