Costco MasterCard is an American Express credit card, which gives its members access to thousands of services and special discounts. There are many perks that you can enjoy once you become a Costco member. Here are some of them.
One perk that you can enjoy by having a Costco membership card is price protection. Price protection is one of the best features of Costco cards because it helps you protect your purchases. Costco offers several different options for this feature. One of the options is a membership card with a two percent annual percentage rate (APR). With this option, you will be able to protect the amount you pay for the goods you purchase at Costco.
Another perk that you can have by becoming a member of Costco is to get 3 free meals a year. When you become a Costco customer, you will also earn points each time you make a purchase at their restaurant and then you can redeem these points towards future meal tickets. You will also earn free gas at Costco gas stations. And finally, you will be able to earn points with every dollar that you spend at the restaurants, hotels, and gas stations.
The last great perk that you can have with your Costco MasterCard is annual purchase assurance. This means that once you become a member in good standing, you will get a percentage of the total amount you spend during your account's lifetime for free. This is an excellent incentive to become a Costco customer. What you will enjoy most about purchasing assurance is that once you use your Costco MasterCard to make purchases, you will get a statement from Costco giving you an idea of how much money was spent in the past. And since the money is free, it is easy to budget your purchases.
If you are a frequent shopper at Costco, then you might be wondering how the Costco credit card doubles as a Costco membership. To ensure you always get the best deal in town, it is wise to go in for a Costco membership. You will get a 10 percent rebate on the cost of your Costco merchandise. You can use your Costco MasterCard to make purchases and this will help you save a lot of money on the purchases you make. However, you will not enjoy the double benefits that you will get by becoming a member.
It may seem like membership benefits and Costco merchandise are a match made in heaven but not all is rosy. When it comes to using your Costco MasterCard to get cash back, you will be disappointed as the cash back is calculated on the basis of dollars and not cents. Also keep in mind that Costco does not offer any cash back on gas purchases. But their fuel program rewards cards do give cash back on your dining out expenditures and petrol purchases.
Costco also offers another unique benefit that makes it one of the best cards to have for both businesses and individuals alike. If you spend any cash at any point during the year, you can earn points towards free merchandise. If you reach a particular number of points, you will receive an annual gift card valued at a value equal to or more than your cash back point. There is no limit on the number of gift cards you can earn and this means you can use them for any purchase you wish, instead of just the ones designated for cash back.
As you see, there are a host of perks associated with Costco and they cannot all be summed up in a single line. But as mentioned earlier, Costco members get a host of free perks that they can cash in for a host of advantages. It is wise to consider membership with Costco as a part of your business planning. Not only will you be saving on labor by being a member but you will also be saving on fuel costs because you will be using Costco to purchase all of your groceries.