Learn How To Request a Costco Executive Membership Refund Difference
Costco is a U.S.-based wholesale corporation. Its headquarters are in Seattle, WA, and it is one of the biggest rivals to Walmart. When companies don’t stick to everything they say they offer, a customer can always request to end their membership or ask for a refund. If Costco has wronged you in any way, DoNotPay can help you get your money back!
What Is a Costco Executive Membership?
Costco memberships are available to all individuals 18 years of age and over. They have the right to refuse membership to any person who wants to apply and terminate their memberships without cause. Take a look at some other rules that apply to Costco’s memberships:
- The membership fee lasts for 12-months
- You may have one Executive Membership per household or business
- You should report lost or stolen cards to Costco ASAP or call 1-800-774-2678
- Cards are Costco’s property and have to be given back upon request
There are two types of Costco’s memberships:
- Gold Star Costco Membership—This is a standard membership level. There are no special benefits, and it costs $60 per year
- Gold Star Executive Costco Membership—The Executive Costco membership costs twice as much as the standard one—$120. It does come with a lot of benefits, the most important one being the cash-back option that we will talk about in detail below
If you are not satisfied with the service, you can always cancel Costco membership with the help of DoNotPay in just a few steps. And since many people are charged when their subscription renews automatically, you can avoid having to pay for free trials when they end by using our virtual credit card.
Costco Executive Membership Difference
If you have a Costco executive membership, you have the option of getting your money back. If you haven’t earned at least the amount of money you spent on the Executive membership by the end of the year, Costco will refund you the difference between the Executive and Standard memberships (about $60), downgrading you to the Standard Membership. If this did happen, it would be like you were using the Executive membership but paying for the Standard one.
If you upgrade to an Executive Membership, you will receive an annual 2% reward. This reward can’t exceed $1,000 yearly:
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Executive Membership 2% Reward
Costco Executive Members receive a 2% Reward on qualified purchases, and it can’t exceed $1,000 for a year. Only purchases made by the Primary and active Primary Household Cardholder on the account will count for the Reward. If the Primary Household Cardholder is removed from the account, their purchases will not apply for the Reward.
The Reward is granted around three months before the member's renewal date in a Renewal Statement and looks only at rewards earned until the issue date. A member must be an active, paid Executive Member when they are about to receive the reward.
How To Get a Costco Executive Membership Refund Difference
To get the Costco Executive Membership Refunds difference, you’ll need to follow these steps:
- Go to the membership services counter with the rebate check
- Request the difference between the rebate check and the added $60 Executive membership fee
- Turn in the rebate check and get $60 in cash
How To Get Costco’s Rebates on Your Own
If you decide to request a Costco rebate on your own, these are your options:
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How To Request a Costco Rebate via Their Website
To request a rebate from Costco through their website, you’ll need to follow these steps:
How To Request a Costco Rebate via Mail
To request a Costco rebate via mail, you’ll need to:
- Complete the submission form attached to the bottom of the sales receipt and mail to:
- Costco Wholesale
PO Box 1015
Grand Rapids, MN 55745
- Wait for their response
How Long Does It Take To Receive a Rebate From Costco?
If all goes well, and you have no trouble getting a refund granted, the next step is waiting for your money to appear on your account. If you decide to request a rebate from Costco, you should know that it usually takes four to six weeks to process the request and for you to receive your money back from the company.
How To Get a Refund From Costco in a Heartbeat—With the Help of DoNotPay
Does understating refund policies give you headaches? Would you rather not have to request a refund from Costco on your own? Don’t stress—DoNotPay is here for you! To skip all the trouble with one such tedious administrative task, you will only need to:
- Open DoNotPay in your web browser
- Find the Chargeback Instantly section
- Click on the Get Protected button
- Provide DoNotPay with all the relevant info about your bank
- Type in Costco as the merchant
- Verify your signature and submit the request
Once you're done with the questionnaire, DoNotPay will email your bank. We will send you the demand letter with all applicable VISA and Mastercard codes that are useful when requesting a refund from any company. We can also notify Costco on your behalf to make the entire process even faster.
What Are Some Other Problems DoNotPay Can Help You With?
Requesting refunds from companies fast and without trouble is not the only thing DoNotPay can help you do. The list of its awesome features keeps updating, and you can find something helpful at all times.
Terminating memberships has never been easier than with DoNotPay. With just a few clicks, you can cancel Xsolla, Intelius, Chaturbill, Stitch Fix, Thrive Market, or Hand and Stone and be done with them once and for all.
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