What is Costco rebate? (all you must know)
Costco offers different types of deals, discounts, savings, and rebates at its warehouse stores and on its website.
Customers who shop at Costco often get a partial refund at the end of the year. What is Costco rebate, how does it work and who is eligible? Here’s what I found out in my research!
What is the Costco rebate in 2022?
Starting in 2022, Costco members will earn 2% annually on eligible purchases. If you are an Executive Member, you are eligible for cash back up to $1,000 per year. If you want to apply for a rebate, you can apply to Costco through the company’s website or by mail.
Read on to learn more about Costco rebates, who can get one, how it works and which products will give you rebates!
How does Costco’s rebate work?
You can claim your rebate from Costco after you accumulate the rewards. Additionally, the warehouse store offers these rebates at the end of the year.
To receive this rebate, you must have a valid proof of purchase to redeem. Additionally, Costco may take several weeks to complete the rebate.
What types of rebates does Costco offer?
If you shop regularly at Costco, here are the types of rebates you can get.
Costco’s Administrative Rebate
Costco offers different types of memberships. That is, if you sign up as an Executive member, you are eligible for a 2% annual bonus.
Also, the reward is capped at $1,000 per year; so even if you spend more, you won’t receive more.
Also, keep in mind that Costco only considers primary cardholder purchases. Additionally, the rebate will be issued three months prior to the annual renewal date.
Manufacturer rebate
Manufacturer discounts are available on certain products when you shop through Costco.com.
That said, you have to fill out a form on the product page and mail it directly to the manufacturer to get these rebates.
Here’s what you need to know about these manufacturer rebates:
- If you are a non-member, you must submit documents by mail.
- If you purchased through Costco.com, you must provide a confirmation email when submitting your rebate.
- For warehouse purchases, you must submit information at the bottom of the receipt.
- Rebates must be submitted within 30 days.
- Rebate requests will be processed within four to six weeks.
Citi Costco Anywhere Visa Card
Customers with a Citi Visa card can earn cash back rewards when they buy things and pay with Visa.
Plus, you’ll get 4% cash back on $7,000 per year on gas purchases, 3% cash back on travel purchases at Costco Travel and restaurants, and 2% cash back on qualifying purchases at Costco.
When does Costco send rebates?
If you are an Executive member, your 2% annual rebate will be mailed to the primary cardholder approximately three months before your membership renewal date.
Also, if you’re not sure about your renewal date, you can check the details on Costco.com.
On the other hand, if you used Citi’s Costco Anywhere Visa Card to earn a cash back reward, the rebate will be issued after the end of your February bill.
Also, if you want to claim your own rebate, you can do it by mail. To do so, fill out the form on Costco.com and send it to ask for your rebate.
Who can get Costco rebates?
All Costco Executive members are eligible for rebates with additional benefits and discounts.
Additionally, all Costco members can apply for a Visa card and receive cash back rewards.
How do you redeem Costco rebates?
You can renew your 2% annual bonus on merchandise at any Costco. To do this, you can present a reward certificate at checkout to pay for your purchase.
In contrast, you can present the certificate at any Costco warehouse in the U.S. or Puerto Rico to receive a Costco Anywhere Visa Card By Citi reward, which can be redeemed for merchandise or cash.
Additionally, you can access it through the Citi mobile app.
Do Costco Award Certificates expire?
Once you earn the 2% annual bonus for Executive Membership, it never expires. Therefore, while this award certificate has an issue date, it does not have an expiration date.
Therefore, you can use it to redeem items at any time.
However, if you have a Costco Anywhere Visa Card By Citi Cash Back Rewards Certificate, you must redeem it before it expires.
How to Get a Costco Executive Membership Refund
According to Costco’s refund policy, if you are not satisfied, the warehouse will cancel and refund your membership fee.
So if you have a Costco Executive membership and don’t make money at the end of the year, Costco will refund the difference between your memberships, about $60.
Also, please bring your rebate check to the Member Services counter to get your refund difference.
You can then claim the difference between the executive membership fee and the rebate check, or turn in the rebate check for $60 in cash.
Can you get a rebate at Costco without a receipt?
To get a rebate at Costco, you need valid proof.
For example, if you need to submit a manufacturer rebate online, you must provide the information on the receipt or confirmation email of an online purchase.
For Executive members, Costco typically emails the certificate; therefore, you can use it to redeem your rebate.
However, if you are unable to track your receipt or certificate, you can view your account details on the website or contact the customer service team for further support.
To learn more, you can also read our posts on whether Costco memberships auto-renew, what you know before you buy a Costco membership, and whether Costco offers premium membership discounts.
in conclusion
Costco members do get rebates in the form of a 2% annual bonus on qualifying purchases. If you are an Executive Member, you are eligible for cash back up to $1,000 per year.
If you want to apply for a rebate, you can apply to Costco through the company’s website or by mail. Plus, you can claim Costco rebates as long as you have proof of purchase.
