Is There A Costco Senior Discount?
Costco unfortunately doesn’t seem to have a senior discount program. You could ask just in case at your local warehouse, but you probably won’t find anything.
That said, Costco has a number of other ways to save!
Other Ways To Save With Costco
So first and foremost, get yourself a Costco membership. You need a membership anyway to shop at physical Costco warehouses, but it has some benefits that may specifically interest you.
Costco offers memberships for consumers and businesses, with business memberships including the right for resale and other useful perks for business owners.
At a glance, here is what you get with a Costco membership:
- Shopping at all Costco warehouses and online.
- Two membership cards – one for you and the other for someone in your household.
- 2% annual rewards based on your yearly spending at Costco (terms apply). Annual rewards go up to $1,000.
- Access to member-only deals and promotions.
- Extended warranties on some products.
For both consumer and business memberships, Costco offers two plans – Gold Star Executive/Business Executive (consumer and business respectively) for $120 per year and Gold Star/Business for $60 per year, plus sales tax. Some of the perks listed above aren’t available in the $60/year membership.
To make the membership worth it, you should spend at least $600 a year with Costco.
You may shop at Costco.com without a membership, but keep in mind that in-store prices are sometimes 20% lower than online.
If you don’t want to get a membership just yet and/or shop at Costco infrequently, ask someone who is a member to get you a Costco Cash Card. Being essentially a gift card, the Cash Card allows non-members to shop at Costco warehouses.
Certain services and products – such as health services or alcohol – may be available to non-members in some areas.
Costco credit card benefits
Looking for a new credit card? Costco offers credit cards for consumers and businesses through Citi!
Holders of the Costco credit card get cash rewards for qualifying purchases:
- 4% on eligible gas for the first $7,000 per year, 1% thereafter.
- 3% on restaurants and eligible travel.
- 2% on all other Costco and Costco.com purchases.
- 1% on all other purchases.
The cash rewards are provided annually in the form of a credit card reward certificate. This certificate is redeemable for merchandise or cash at US Costco warehouses.
Costco members won’t have to pay any annual fees with this credit card. For the benefits of no-fee credit cards, read our guide over here.
Finally, there are no foreign transaction fees with the Costco card, and you get extended warranties with some purchases made with the Citi card.
Costco regularly runs promotions – the hottest deals can be found on the homepage of the Costco website.
You may also view available deals and coupons through the Savings panel in the Costco mobile app.
Some Costco products come with a “Manufacturer’s Rebate”. To claim the rebate, you’ll need to submit a rebate request to that company. Rebates allow you to get a certain percentage of the purchased product’s price back. In case you buy goods that come with a rebate, make sure to submit your request following these instructions.
Interesting facts about Costco:
- In 2018, Consumer Reports (CR) found that Costco – along with Sam’s Club and HealthWarehouse.com – had very low overall drug prices throughout the US. The price difference between Costco and other retailers is staggering – as an example, according to CR, Pioglitazone (Actos) cost $16 at Costco in 2018, while Walgreens asked for $167!
- According to the 2020 Fortune 500 list, Costco Wholesale is America’s 14th largest company by revenue, with revenues of $152.70 billion.
- As of 2020, 105.5 million people had an annual Costco membership. The number of members has steadily increased over the years, starting from 76.4 million in 2014.
Finally, here’s a video on how to save extra money at Costco:
* Photo by Stu pendousmat at English Wikipedia. Licensed under Creative Commons Attribution-ShareAlike 3.0 Unported and GNU Free Documentation License Version 1.2 or later. Resized and cropped from original.