If you’re already a Costco member or thinking about joining, you might not be fully aware of the numerous benefits that come with this membership.
Warehouse club stores like Costco have gained popularity for their competitive prices on a wide range of products, from groceries and household items to clothing and electronics.
However, beyond these obvious advantages, there are several lesser-known perks that can make your annual membership fee truly worthwhile. Here, we highlight five benefits that could save you hundreds of dollars each year.
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Exclusives on Costco Next
One of the often underutilized benefits is access to Costco Next, an online shopping portal where members can find exclusive deals on products from popular vendors. This service allows you to purchase items that aren’t available in Costco’s physical stores, including a variety of products like clothing, electronics, pet supplies, and garden furniture.
By exploring this platform, you can tap into discounts and unique products that add extra value to your membership.
Discounts on Moving Truck Rentals
If a move is in your future, your Costco membership could be especially beneficial. The company has partnered with Budget Truck Rental to offer members a 25% discount on truck rental rates. To give you an idea of the savings, a 26-foot truck that typically rents for $39.99 per day with an additional $0.79 per mile would cost only $29.09 per day and $0.57 per mile with your Costco card.
This benefit not only lowers the cost of moving but also makes the process smoother, easing the transition to your new home.
Savings on insurance
Your Costco card can also unlock significant savings on various insurance policies. Through partnerships with selected insurance companies, members can get discounts on home, auto, life, and pet insurance in most states. For instance, Costco mentions that its members have saved an average of nearly $600 when switching their auto insurance to one of their partnered providers.
These insurance savings can be a compelling reason to review your current policies and consider switching to a more advantageous option.
Additional benefits on car rentals
Planning trips can be more affordable and convenient with your Costco membership, especially if you need to rent a car. In collaboration with companies like Alamo and Enterprise, Costco allows you to add an extra driver at no additional cost on rental reservations in several countries, including the United States, Canada, the United Kingdom, France, Germany, Ireland, and Spain.
Typically, fees for an additional driver can significantly increase the cost of the rental, but with your membership, you can avoid these expenses and make your road trips more affordable and flexible.
Savings on gift cards
Before buying a gift card, it’s worth checking if Costco offers discounted options for your favorite brands or experiences. The chain sells gift cards for a wide range of services and entertainment, such as restaurants, airlines, movie theaters, and sports events, at reduced prices.
These cards can be especially appealing during sales seasons and holidays when additional promotions are often available, providing the perfect opportunity to save on gifts or even on your own planned purchases.
Costco memberships offer a variety of benefits that go beyond discounts on daily consumables
By exploring all the additional advantages provided by your membership, you can maximize your investment and enjoy significant savings on a variety of essential services. These opportunities not only serve as an incentive to keep your membership active but also enhance your financial well-being and quality of life.