By Daily Mail (U.S.) | Created at 2024-10-31 16:12:05 | Updated at 2024-11-06 17:42:27
6 days ago
Shoppers with a Costco Executive Membership can score some extra cash by doing one simple hack.
Social media user Kriss, known as @krissmemore on TikTok, revealed the hack in a video she posted to the app and claimed she learned about it from a Costco employee.
The Costco member explained the tip is specifically for Executive Membership holders hoping to maximize their yearly two percent rewards.
The TikToker claimed all they would need to do to turn rewards points into cash is purchase at least one item before cashing out.
'If you were to buy one item like a pack of bananas for $4 and you have like a $300 coupon or gift card or whatever you want to call it, they will give you the rest in cash back,' Kriss explained.
Kriss, known as @krissmemore on TikTok, explained how Costco Executive Membership holders can turn their rewards points into cash
Kriss, who holds a Costco Executive Membership, had not used two of her two percent reward certificates before learning about the hack.
The TikToker claimed in her October 25 video that Executive Membership holders were not allowed to exchange the entire two percent reward for cash at Costco.
So, after hearing about the clever trick, she decided to try it out for herself with both of her two percent reward certificates.
'I literally bought four items, and the rest they gave me all back in money,' Kriss said while showing off more than $200 in cash.
'So yeah, that's how to cheat the system - don't tell me I never teach y'all anything, OK?'
Costco Executive Membership holders are given two percent percent reward two and a half months before the renewal date
The Costco Executive Membership is one of three memberships available for shoppers to purchase online and in-store.
The Executive Membership offers shoppers the most rewards, and it's the only one that gives customers a two percent reward.
Costco Executive Membership holders can receive this reward on qualified purchases.
The warehouse chain issues the two percent rewards to members two and a half months before their membership renewal date.
Costco Executive Membership holders must be active and paid until the end of the year to qualify.
Unfortunately, things like alcohol and Costco Shop Cards are not eligible in some US states.
Other Executive Membership perks besides a two percent annual award include Costco Services Discounts.
Shoppers who are interested in obtaining a Costco Executive Membership will need to pay $130 a year, not including an applicable sales tax.
Any customers looking to have extra members added to their Costco Executive Membership must pay $65 per person, not including sales tax.
Shoppers can purchase a Costco Executive Membership for $130 a year, not including an applicable sales tax
Multiple commenters who watched Kriss' video insisted she was wrong about how much money a Costco employee would give her for reward members.
'You can absolutely cash it out for cash. You just have to do it at a Costco,' a TikToker wrote.
Kriss claimed the Costco store she went to would not let her do this, but she did not reveal its location.
A few commenters were impressed and thankful for the hack, but that didn't stop a TikToker from downplaying Kriss' hack.
'This isn't cheating the system they literally let you do this,' the commenter wrote.
