Costco provides different types of deals, discounts, savings, and rebate offers in its warehouse stores and the website.
Customers who shop at Costco frequently get partial refunds at the end of the year. What is the Costco rebate, how does it work, and who is eligible? Here’s what I discovered in my research!
What Is The Costco Rebate In 2023?
Costco members get rebates in the form of an annual 2% reward on qualifying purchases as of 2023. If you are an Executive member, you are eligible for this cashback not exceeding $1,000 annually. If you want to claim a rebate, you can do so via the company website or mail the request to Costco.
Read on for more information about Costco rebate, who can get one, how it works and what products will get you a rebate!
How Does Costco’s Rebate Work?
Once you have accrued rewards, you can claim the rebates from Costco. Also, this warehouse store offers these rebates at the end of the year.
To get this rebate, you must have valid proof of purchase to redeem it. Moreover, Costco can take a few weeks to complete the rebate.
What Types Of Rebates Are Available At Costco?
If you regularly shop at Costco, here are the types of rebates you can get.
Costco’s Executive Rebate
Costco offers different types of memberships. That said, if you sign up for Executive membership, you are eligible for a 2% annual reward.
Further, this reward is capped at $1,000 every year; therefore, you won’t receive more than that even if you spend more.
Also, keep in mind that Costco only considers purchases made by the primary cardholder. Additionally, the rebate will be awarded three months before the annual renewal date.
When you shop via Costco.com, some products have a manufacturer’s rebate.
That said, you have to fill in a form on the product page and mail it directly to the manufacturer to get these rebates.
For these manufacturer rebates, you need to know the following information:
- If you are a non-member, you must submit your documents via mail.
- If you purchased items via Costco.com, you must provide a confirmation email when submitting your rebate.
- You must submit the information at the bottom of your receipt for warehouse purchases.
- Rebate submissions must be made within 30 days.
- Rebate requests will be processed within four to six weeks.
Costco Anywhere Visa Card By Citi
Customers with the Visa Card by Citi earn cashback rewards when they purchase things and pay via Visa.
Moreover, you earn 4% cashback annually on gasoline purchases for the initial $7,000, 3% on travel purchases on Costco Travel and restaurants, and 2% on qualifying purchases at Costco.
When Does Costco Send Out Rebates?
If you are on the Executive membership, your 2% annual rebate will be mailed to the primary cardholder approximately three months before the membership renewal date.
Also, if you are unsure about your renewal date, you can check the details on Costco.com.
On the other hand, if you earned cashback rewards from using the Costco Anywhere Visa Card by Citi, the rebates will be distributed once the February billing statement closes.
Further, if you want to request your own rebate, you can do so via mail. To do so, fill in the form on Costco.com and send it to ask for your rebate.
Who Can Get A Costco Rebate?
All Costco Executive members are eligible for the rebate, which comes with additional benefits and discounts.
Additionally, all Costco members can apply for the Visa Card and earn the cashback rewards.
How Can You Redeem Your Costco Rebates?
You can renew the annual 2% reward at any Costco for merchandise. To do this, you can present the reward certificate at checkout as you pay for your purchases.
In comparison, you can present the certificate at any Costco warehouse in the US or Puerto Rico for the Costco Anywhere Visa Card By Citi rewards to redeem it for merchandise or cash.
In addition, you can also access it via the Citi mobile app.
Do Costco Reward Certificates Expire?
Once you get the annual 2% reward for Executive members, it never expires. So, while this reward certificate has an issue date, it does not have an expiration date.
Therefore, you can use it to redeem merchandise at any time.
However, if you have the Costco Anywhere Visa Card By Citi cashback rewards certificate, you must redeem it before it expires.
How To Get The Costco Executive Membership Refund Difference
According to Costco’s refund policy, the warehouse will cancel and refund your membership fee if you are dissatisfied.
So, if you have the Costco Executive membership and haven’t earned money at the end of the year, Costco refunds you the difference between the memberships, about $60.
Moreover, visit the Membership Services counter with your rebate check to get the refund difference.
Then, you can either request the difference between the Executive membership fee and rebate check or turn in the rebate check to get $60 in cash.
Can You Get A Rebate At Costco Without A Receipt?
To get a rebate at Costco, you’ll need valid proof.
For instance, if you need to submit the manufacturer rebate online, you must provide information on the receipt or the confirmation email for online purchases.
For Executive members, Costco usually sends the certificate via email; therefore, you can use it to redeem the rebate.
However, if you can’t trace your receipt or certificates, you can check your account details on the website or contact the Customer care team for further support.
To learn more, you can also read our posts on whether or not Costco membership auto renew, things to know before buying Costco membership, and does Costco offer a senior discount on membership.
Costco members do get rebates in the form of an annual 2% reward on qualifying purchases. If you are an Executive member, you are eligible for this cashback not exceeding $1,000 annually.
If you want to claim a rebate, you can do so via the company website or mail the request to Costco. Also, you can apply for the Costco rebate as long as you have proof of purchase.