Two important things happen to many Costco members in February. First, it is often the month when the Costco membership renewal notification arrives, which may also include the Executive Membership 2% Reward certificate. Second, it is the month when cardholders receive the annual cash-back rewards from the Costco Anywhere Visa® Card by Citi. While both may be described as cash-back rewards, they are two separate rebates from very different programs available to Costco members.
That distinction matters because the rewards do not work exactly the same way, the earning limits have changed, and the amount a member needs to spend to justify an Executive upgrade is different from what it was a few years ago. Let’s examine, compare, and contrast both programs, along with how Costco stacks up against Sam’s Club and BJ’s Wholesale Club.
