Costco Rewards: Two Programs, Not One

Costco Rewards Explained: Separating Fact from Fiction Costco shoppers often have questions about their rewards programs. A recent video by Maggie Perkins (@itsmaggieperkins) clears up confusion surrounding the Executive Member reward and the Costco Anywhere Visa card cash back. Perkins explains that these are two separate rewards, not a combined 4% as some believe. "As an Executive Member, you earn a 2% reward, but that's not cash back," Perkins states in her video. "It's only money you can spend at Costco. It's issued before your renewal." In contrast, the cash back from the Visa card is issued by Citibank with the February statement. The percentage earned varies depending on the purchase: 5% on Costco gas, 4% on other eligible gas, 3% on restaurants and travel, 2% on other Costco purchases, and 1% on all other purchases. This system, Perkins demonstrates, provides a more nuanced reward system than many realize. The video's popularity, with over 7,000 views and numerous comments, shows a clear demand for this type of clarification. Understanding the distinct nature of these rewards helps members maximize their benefits.