Description: The article is about costco citi visa login. The content will focus on whether the Costco executive member should make sense and whether the Costco executive membership is worth the price, we can also see some other values of the executive membership and the discount on some different Costco services.
It’s Avastin from assets Debbie, today we are going to talk about whether the Costco executive member should make sense, if you are new here, we’re all about how to maximize the value for credit cards, so how do you get the most cash back and also how to travel for free, but that sounds interesting and subscribe to our Channel.
Let’s get started, so one thing I’m going to do is that I’m going to separate the Costco membership from the Costco executive membership, so we’re not talking about whether a Costco membership by itself is worth it, because I think there’s a lot more to that.
Personally, I’m still doing a bit of research, there’s a lot of stuff to quantify it about whether executive members should make sense though is easy to quantify calculate for the most part, it’s a break-even calculation, the main benefit of the executive membership is that you get two percent on your purchases at Costco.
You can get up to a thousand dollars per year, there are some exceptions to this, so we are going to talk about those, the other value of the executive membership is that you do get a greater discount on some different Costco services, a few examples being cheque printing identity protection and free roadside assistance for vehicles.
If you go through their auto insurance program for me, for my use, I haven’t gotten any extra value beyond the extra 2%, so I’m not going to value any of that, but we will run through another calculation where if you do want to put a valuation on those other services, you can figure out your specific breakeven for two percent exceptions.
There are a bunch of them, so I’m not going to read through all of them, the ones that stand out to me are tobacco related products gasoline as well as Costco cash cards to me, this does make a lot of sense, because you could abuse easily, cash cards as well as Amazon to me are probably some of the closest gift cards to cash that exists.
If you compare it to other gift cards at least since you can buy so many different other things, if you could sell it for a 1% discount, then you could technically arbitrage the 2% that you’re getting and the 1%, it’s costing you, so make it unlimited one percent for the most part.
I don’t think that makes any sense, I think it’s a bad use of time, but I guess that’s why they have a rule there to provide Gaming.
The final thing we need in order to figure this out is the cost difference, so if the executive one you’re paying 120 and if the baseman you are paying a sixty, both of these, you can still add one other person, so there’s no difference for the most part, we’re excluding that for you personally though you might want included into your breakeven calculation especially if you have someone who’s paying you for maybe half of that benefit.
So on one side, you have minus $60 and on the other side, you have minus $20 plus 0.02 X, so 2 percent back on overspend there and then plus y which is any other benefit step up that you receive or that you feel like you would receive from having the executive instead of the base one.
The first thing you want to do is to define Y for me, Y is equal to zero, because I’m not getting any other step of benefits for you, why am I equal zero dollars or maybe it equals $100, so technically speaking, if it equals more than $60 or even $60, that’s going to be the break-even point.
If it’s more than that by default, you should get the Costco executive 1 even if you spend $0 at Costco, because you’re getting more benefits, if Y is equal to zero, then this is going to be straightforward, because when you solve for X, that’s $3,000.
So this means that if you spend exactly $3,000 at Costco, you’re impartial to getting either of the cards, if you spend less than that amount and you should get the basic membership, if you spend more, so even if you spend three thousand and one dollars mathematically speaking, you should get the executive one, because we’re spending three thousand and one dollars though.
It might not make sense to go online to get that increased value, because it’s a material, one thing I’ve mentioned is that it does not make sense to get the base membership in the first year and that it always makes sense to get the executive one.
So the main reason for this is that you’re one, if you do not get positive expected value, Costco is going to refund you the difference, this means that if your refund check is less than $60, they will downgrade your account and basically refund you the difference.
So for example, you spent $1500 at Costco, your refund check is going to be $30, so you would take that refund check up to the front desk and tell them that I’m not getting positive expected value and they’re going to give you the extra difference, so cover your technically your losses that you would have had by picking this option and they’re going to downgrade you.
This isn’t something that you have to feel bad about, because it’s something that they advertised and this is something that they market heavily especially when I was considering getting a card before hands, this has been my experience at least that this is something that they stand behind and that they’re fine with giving this in your one.
You should always get the executive one and then worst case who end up wasting maybe five or ten minutes downgrading the card and I don’t think that people who work there will feel too bad about it, but I guess their hope is that you would need to forget to downgrade or feel that it’s not worth your time and then keep paying the executive difference moving forward.
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This is called my favorite and probably my favorite way to buy a lot of your lives, because it’s only $65 here, if you go elsewhere, it might be 80 or 90 dollars and sometimes, I’ll go on sale, I’ve seen it for 40 something dollars before, so solid stuff and probably one of my favorites and another way good way.
If you want to buy some blue label 149 and I feel like I’ve seen it maybe at 139 before or two, so you don’t need a Costco membership to buy alcohol, so that’s a nice plus a lot of options, even if you want expense much more hours and aisles of wine as well as warm wine and then some vodka and everything you could think of.
One of the other favorite things is to get here, the ribeye cap, so it’s a good cut, they are basically two of the cops, they can’t tie it up into the circular thing, but technically it can go apart and probably one of the most flavorful pieces, so chickens probably wanted the best pet for five dollars.
This is probably Mandy’s favorite cookie, so for this much pokey, if you were to go to restaurants, you’d probably be paying probably much twice the price for whatever reason, this brand was not on Google express dog food is another good option.
If you have a dog which is cheap for 35 pounds, a lot of document, then the day that you need to figure out whether the effective price you’re paying is worth, firstly the potential discounts and I guess any other side benefit you might derive.
I think POSCO travel specifically for auto ends up being a bit cheaper than a few booked elsewhere from my experience, it’s very hard to quantify though given that, I don’t know, I think it’s hard to quantify unless you have a very specific rental schedule.
I think you need to do some number crunching to see what makes sense her good things about Kirkland’s Aquila or maybe was the rock town, but I mean I would never buy this much tequila, but it has good price, I’m amazed that what this town is that either tells me that code stones margins are good or they don’t care and they’re trying to get people in the door.
We’re good about buying or not buying things that we aren’t planning to use anytime, I think that’s a big home for a lot of people, Mandy gets through this fast, this is also Mandy’s, they are also basically chickens line SELEX line or I guess we’re sharing that and also the toilet paper and still debating on whether I want to keep the mangoes.
But the photo centers over there and the optometry is over there and then pharmacies, you can go to a few of those without a membership, so not too much food enough to take instant loser and not feel like a jerk about it since we both have a handful of stuff and then the food court in case.
You’re curious, so one thing a lot of people seem to do is that they end up taking their carts down one level and then moving it here and then waiting for an uber, but what happens is that they don’t put their card away, so it ends up being a giant mess of cards and it’s not that bad of a walk, so for me, I would rather wait here, and then walk down the stairs when the uber is here, walking down probably takes about 20 seconds or 10 seconds.