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If you've found the same to be true for you, then even Costco's steep discount on gas probably isn't enough to make the cost of membership worth it. 2. You're not earning enough cash back rewards
Auto deals: Through the Costco Auto Program and car-buying service, people can purchase new and pre-owned vehicles at discount member prices. Costco members can also take advantage of a 15% ...
During its last earnings call in late May, Costco reported membership fee income of $1.123 billion for the third fiscal quarter of 2024. That was an increase of $79 million, or 7.6% year over year.
So let's say you use 10 gallons of gas per week and filling up at Costco -- which you can generally only do if you're a member -- saves you $0.20 per gallon. That's $2 in savings per week.
An Executive membership is worth it for those who spend at least $3,250 per year at Costco. With this annual spend, you'll earn $65 back in rewards, allowing you to break even on the added cost of ...
For me, having a Costco membership makes sense. But that doesn't mean it's worth it for you to pay for one. You may be better off canceling and saving your $65 or $130 so you can use it at another ...