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canyonwalkerOur Costco dividend check arrived this week. Woohoo, almost $114!
We get this dividend for being Costco Executive Members. The gist of executive membership is simple: we pay an extra $60 a year (on top of the $60 basic membership) and we earn 2% cash back every year for our purchases at Costco (not including their gasoline stations).
With this check for nearly $114 we earned back well more than our $60 investment. That's gratifying because last year our rebate was only $51— and I seriously considered canceling. I figured even though that $51 only reflected 9-10 months of rebates, our annualized rate would barely break even with the membership cost. But then in January this year we made a few bigger shopping runs at Costco and decided the executive membership would likely be worth it this year. Even so, $114 is more than we thought we'd earn.
I've always held doubts in my mind about the value of shopping at Costco. We're a small household, just two of us.... Is it really worth it to buy the larger sizes that most things at Costco come in? And to pay a membership for for doing so? That goes double when paying twice the price for executive membership. With this oversized rebate I have more confidence it's a smart decision.
We get this dividend for being Costco Executive Members. The gist of executive membership is simple: we pay an extra $60 a year (on top of the $60 basic membership) and we earn 2% cash back every year for our purchases at Costco (not including their gasoline stations).
With this check for nearly $114 we earned back well more than our $60 investment. That's gratifying because last year our rebate was only $51— and I seriously considered canceling. I figured even though that $51 only reflected 9-10 months of rebates, our annualized rate would barely break even with the membership cost. But then in January this year we made a few bigger shopping runs at Costco and decided the executive membership would likely be worth it this year. Even so, $114 is more than we thought we'd earn.
I've always held doubts in my mind about the value of shopping at Costco. We're a small household, just two of us.... Is it really worth it to buy the larger sizes that most things at Costco come in? And to pay a membership for for doing so? That goes double when paying twice the price for executive membership. With this oversized rebate I have more confidence it's a smart decision.
