Does Costco Have Layaway, Payment Plans, Or Rainchecks? [Full Guide]

Many retailers offer layaway, payment plans, and rainchecks to their customers to help them save money on their purchases and therefore buy more products.

Since Costco, one of the largest retailers in the world, sells a variety of expensive items like furniture and appliances, you may be wondering if Costco has layaway, payment plans, or rainchecks? Here is what I’ve found out!

Does Costco Have Layaway, Payment Plans, Or Rainchecks In 2021?

Unfortunately, Costco does not have layaway, payment plans, or rainchecks as of 2021. However, Costco offers monthly discount coupons and daily bulk discounts to Costco members. Customers can also use the Costco Anywhere Visa Card to defer payments on certain purchases.

If you want to learn more about how you can save money while buying from Costco, what other retailers offer layaway, payment plans, and rainchecks, and much more, keep on reading!

Does Costco Have Layaway Or Payment Plans For Jewelry, Furniture, Or Appliances?

Costco sells a wide variety of jewelry, furniture, and appliances that are expensive purchases to make in one go, so you may be curious if Costco offers payment plans or layaway to finance these products.

According to Costco customer service, Costco does not offer layaway or any other type of payment plans for jewelry, furniture, or appliances sold at its warehouses or online.

Instead, they recommend people looking for an easier way to finance these items to become Costco members and use monthly discount coupons that are offered on these products.

Additionally, if you have the Costco Anywhere Visa® Card, you can get large cash-backs and bonuses on purchases of expensive items like jewelry, furniture, and appliances. See below for more details.

Can You Do Monthly Payments At Costco?

Many retailers offer layaway, payment plans, and rainchecks to their customers to help them save money on their purchases and therefore buy more products.  Since Costco, one of the largest retailers in the world, sells a variety of expensive items like furniture and appliances, you may be wondering if Costco has layaway, payment plans, or rainchecks? Here is what I’ve found out!  Table of Contents Does Costco Have Layaway, Payment Plans, Or Rainchecks In 2021?  Unfortunately, Costco does not have layaway, payment plans, or rainchecks as of 2021. However, Costco offers monthly discount coupons and daily bulk discounts to Costco members. You can use the Costco Anywhere Visa® Card to get cashback, bonuses, and defer payments.  If you want to learn more about how you can save money while buying from Costco, what other retailers offer layaway, payment plans, and rainchecks, and much more, keep on reading!  Does Costco Have Layaway Or Payment Plans For Jewelry, Furniture, Or Appliances?  Costco sells a wide variety of jewelry, furniture, and appliances that are expensive purchases to make in one go, so you may be curious if Costco offers payment plans or layaway to finance these products.  According to Costco customer service, Costco does not offer layaway or any other type of payment plans for jewelry, furniture, or appliances sold at its warehouses or online.  Instead, they recommend people looking for an easier way to finance these items to become Costco members and use monthly discount coupons that are offered on these products.  Additionally, if you have the Costco Anywhere Visa® Card, you can get large cash-backs and bonuses on purchases of expensive items like jewelry, furniture, and appliances. See below for more details.  Can You Do Monthly Payments At Costco?    Unfortunately, you cannot make monthly payments at Costco to finance the purchase of expensive items. This is because Costco is a ‘cash and carry’ store where you have to make the full payment in one go to buy a product.  However, if you have the Costco Anywhere Visa® Card by Citi, you can use it to defer payments for a short period of time. Simply use the card to pay for your purchase and then pay back the debt within 23 days after the billing cycle closes.  Does Costco Do Rainchecks?  In the past few years, rainchecks have lost popularity among retail chains because these are difficult to manage and track, and many products get discontinued from time to time.  Costco itself used to offer rainchecks to its customers but has recently stopped doing so.  However, several major retail chains such as Target and CVS still give rainchecks to their customers in case an item on sale goes out of stock.  How Can You Save Money While Buying From Costco?  Although Costco does not offer any layaway, payment plans, or rainchecks, it does offer a variety of ways for its customers to save money on purchases.  Discount Coupons  Costco warehouses offer daily discounts and promotions on certain items if these are bought in bulk. You can visit Costco’s website and enter your zip code to see the daily bulk deals available at nearby Costco warehouses.  Additionally, Costco has monthly discount deals on various items including furniture and appliances. You can visit this page on Costco’s website to find the current monthly deals available at nearby warehouses.  You can also sign up to receive emails from Costco about all these daily and monthly coupons and other promotions at nearby Costco warehouses so that you don’t miss out on anything.  However, note that all of these benefits are only available for Costco members.  Costco Anywhere Visa® Card by Citi  Costco offers its own credit card to members in partnership with Citi Bank called the ‘Costco Anywhere Visa® Card’ that can be used at all Costco locations in the U.S. as well as online.  Using this card entitles customers to the following cash back benefits:  4% cash back on the first $7000 of eligible gas per year (and 1% above that) 3% cash back on eligible travel and restaurant purchases 2% cash back on all purchases from costco.com and Costco locations 1% cash back for all other purchases These benefits are given annually as a credit card reward certificate once the billing cycle closes in February. Moreover, you don’t have to pay an annual fee to use this card as long as you are paying your Costco membership fee.  What Stores Have Layaway and Payment Plans?  If you are still looking to finance your purchases through layaway and other payment plans, you can head over to any of these retail chains since they offer layaway services to their customers:  Kmart H-E-B Walmart Sears Furniture Mart Day’s Jewelers T. J. Maxx HomeGoods American Freight Dress Barn Big Box Furniture Best Buy Furniture You can contact the individual retail chain to get more details about the terms and conditions of the payment plans and layaway offered to customers.   To learn more on how you can save, see our other related guides on if Walmart has layaway, and if Costco takes coupons. Additionally, don't miss our post which uncovers why Costco is so cheap!  Conclusion  Costco does not have layaway, payment plans, or rainchecks for items bought in-store or online.  However, Costco does offer daily bulk discounts and monthly discount coupons to its members on a variety of items such as furniture, jewelry, and appliances.  Additionally, Costco members using the Anywhere® Visa Card can earn yearly cash back rewards on various purchases.

Unfortunately, you cannot make monthly payments at Costco to finance the purchase of expensive items. This is because Costco is a ‘cash and carry’ store where you have to make the full payment in one go to buy a product.

However, if you have the Costco Anywhere Visa® Card by Citi, you can use it to defer payments for a short period of time. Simply use the card to pay for your purchase and then pay back the debt within 23 days after the billing cycle closes.

Does Costco Do Rainchecks?

In the past few years, rainchecks have lost popularity among retail chains because these are difficult to manage and track, and many products get discontinued from time to time.

Costco itself used to offer rainchecks to its customers but has recently stopped doing so.

However, several major retail chains such as Target and CVS still give rainchecks to their customers in case an item on sale goes out of stock.

How Can You Save Money While Buying From Costco?

Although Costco does not offer any layaway, payment plans, or rainchecks, it does offer a variety of ways for its customers to save money on purchases.

Discount Coupons

Costco warehouses offer daily discounts and promotions on certain items if these are bought in bulk. You can visit Costco’s website and enter your zip code to see the daily bulk deals available at nearby Costco warehouses.

Additionally, Costco has monthly discount deals on various items including furniture and appliances. You can visit this page on Costco’s website to find the current monthly deals available at nearby warehouses.

You can also sign up to receive emails from Costco about all these daily and monthly coupons and other promotions at nearby Costco warehouses so that you don’t miss out on anything.

However, note that all of these benefits are only available for Costco members.

Costco Anywhere Visa® Card by Citi

Costco offers its own credit card to members in partnership with Citi Bank called the ‘Costco Anywhere Visa® Card’ that can be used at all Costco locations in the U.S. as well as online.

Using this card entitles customers to the following cash back benefits:

  • 4% cash back on the first $7000 of eligible gas per year (and 1% above that)
  • 3% cash back on eligible travel and restaurant purchases
  • 2% cash back on all purchases from costco.com and Costco locations
  • 1% cash back for all other purchases

These benefits are given annually as a credit card reward certificate once the billing cycle closes in February. Moreover, you don’t have to pay an annual fee to use this card as long as you are paying your Costco membership fee.

What Stores Have Layaway and Payment Plans?

If you are still looking to finance your purchases through layaway and other payment plans, you can head over to any of these retail chains since they offer layaway services to their customers:

  • Kmart
  • H-E-B
  • Walmart
  • Sears
  • Furniture Mart
  • Day’s Jewelers
  • T. J. Maxx
  • HomeGoods
  • American Freight
  • Dress Barn
  • Big Box Furniture
  • Best Buy Furniture

You can contact the individual retail chain to get more details about the terms and conditions of the payment plans and layaway offered to customers. 

To learn more on how you can save, see our other related guides on if Walmart has layaway, and if Costco takes coupons. Additionally, don’t miss our post which uncovers why Costco is so cheap!

Conclusion

Costco does not have layaway, payment plans, or rainchecks for items bought in-store or online.

However, Costco does offer daily bulk discounts and monthly discount coupons to its members on a variety of items such as furniture, jewelry, and appliances.

Additionally, Costco members using the Anywhere® Visa Card can earn yearly cash back rewards on various purchases.

marques thomas query sprout

About the author

Marques Thomas graduated with an MBA in 2011. Since then, Marques has worked in the retail and consumer service industry as a manager, advisor, and marketer. Marques is also the head writer and founder of QuerySprout.com.

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