Costco Membership Benefits in Canada 2021: Is It Worth It?

Are you considering getting yourself a Costco membership in Canada?

If you’re considering becoming a member, Costco membership benefits in Canada may or may not be worth it for you. It all depends on how much you expect to spend at Costco, whether online or at the store.

If you get a Costco membership, you might get access to several promotions and coupons that Costco offers.

There is a lot to consider when you decide to pay for membership at Costco Canada. This post will give you an in-depth look at the Costco membership benefits in Canada and everything that it has to offer. I will cover the types of membership available, Costco Online, Costco Travel, Pharmacy, Eye Care, and much more.

Understanding everything will help you make a more well-informed decision on whether getting a Costco membership is worth it for you.

Costco Membership Benefits

What’s So Interesting About Costco?

I am a big Costco fan because I get so much of my shopping done at the Costco location near my house. I have always found Costco interesting because it allows you to buy plenty of high-quality stuff at reasonable prices. Officially established in 1983, Costco was started by entrepreneur Sol Price with a unique concept for a retail store.

Costco is an American multinational corporation that operates a chain of warehouses that only members can access.

There is a reason why the warehouse store has an estimated 94.3 million members. By creating a place where people can buy premium items at significantly lower costs, Costco began encouraging its customers to buy in bulk. The result is a massive success story that occurred in just a few decades.

Costco offers an exclusive shopping experience where you can buy anything you need to live comfortably, all available in bulk. From groceries to engagement rings, you can find practically anything at Costco. Buying it in bulk will give you the best bang for your buck.

Costco Membership

The Costco membership signup page shows a clear message in its membership conditions and regulations section: “100% satisfaction guarantee. If you are not satisfied with your membership, you’ll get a full refund on your membership fee.”

It seems like a pretty good offer to consider. Visiting a Costco in your area will give you all the benefits and services it can provide, along with an excellent in-store experience, as you shop for high-quality items at wholesale prices.

The benefits and savings of buying from Costco are clear. You might not save an unbelievable amount of cash while shopping at Costco, but the benefits of getting a membership can easily outweigh the costs.

The most affordable membership for individuals costs $60 per year. It means that you have a whole year to rack up savings that can easily go well beyond what you paid for in the annual membership fee.

Costco membership benefits in Canada come in all shapes and sizes. The business offers a wide range of premium services that include Costco Gasoline, Costco Opticals, Costco Pharmacy, Costco Photo Center, Costco Travel, and many more.

Is A Costco Membership Worth It?

Before I begin discussing Costco membership benefits in Canada, there are a few clear points that I can say about the quality of products it sells and the overall savings you can get. If you don’t have the time to read the whole guide, this section will give you a pretty decent idea of Costco membership benefits to help you decide whether it is worth it for you.

Costco Warehouses boast an enormous collection of different types of branded products. The store literally sells a little bit of everything you might need. The best part about Costco Warehouses is that it offers massive savings despite the products offering excellent quality.

Moreover, even the most basic Costco membership covers discounted purchases at Costco Gas, Pharmacy, Travel, Photo Center, and Opticals, among others. These are all services that work as Costco subsidiaries and offer discounts with primary membership.

You can enjoy Costco membership benefits in Canada and anywhere else worldwide. Costco has almost 800 locations, and membership in Canada is valid in all its stores. You can also purchase products and services at discounted prices even outside of Canada. Additionally, Costco offers convenient payment options, including business check payments and Mastercard debit card payments.

Shopping online at costco.ca gives you access to items that might not be available at your local Costco location. You can get thousands of items that you cannot find at the local store and get free shipping on everything you purchase from Costco online.

You also get access to Costco’s Kirkland Signature brand, which contains an exclusive range of products that reassures customers of their commitment to offering high-quality products at bargain prices.

Costco membership also entitles you to shop at Costco’s travel site called CostcoTravel.ca so that you can enjoy an amazing experience while on vacation.

How Much Does Costco Membership Cost?

Costco offers several options when it comes to the type of membership you can get. Each membership type comes with an affordable annual fee. Note that the best Costco membership for you might be different, depending on how much you shop at Costco and how much you might end up spending there.

To give you an estimate, the $60 annual fee applies only to its Gold Star members. You might need to spend around $3,000 each year at Costco to absorb the $60 annual fee. On the other hand, you could get the executive membership for $120, but you would have to spend $6,000 per year at Costco to absorb the annual fee.

The moment your annual purchases go above $3,000 at Costco as a Gold Star Costco member, you will effectively be taking money off of your membership.

Costco has divided its membership into two categories: Costco membership for individuals and Costco membership for business owners.

Costco Membership for Individuals

Costco membership for individuals comes in two types: Gold Star and Gold Star Executive. Each comes with a different annual fee:

  • Costco Gold Star Membership – $60 per year
  • Costco Executive Membership – $120 per year

Costco Membership for Business Owners

Costco membership for business owners also comes in two types with different annual fees: Business and Business Executive.

  • Costco Business membership – $60 per year
  • Costco Business Executive membership – $120 per year

All four Costco membership types offer different features, though they have a few things in common. Some of the common aspects include:

  • The membership being valid online and at all Costco locations anywhere in the world, and
  • The membership includes a free household card that your spouse or other adult family members can use.

I would like to mention that all the Costco membership prices I have mentioned in this section don’t include the tax. Depending on which province or region you live in, you might expect to pay more for your Costco membership.

If you are considering getting a Costco membership but aren’t entirely sure about how much you might spend there, I would suggest starting with a $120 membership because of all the benefits and cashback offers that it provides.

Depending on how much cash back you get for all your purchases, you could decide if the $120 membership fee is worth it. You can always switch to the $60 membership type if you are not saving enough cash through cashback on your purchases.

Features and Benefits of Costco Membership

What Are the Benefits and Features of Individual Costco Gold Star Membership?

As mentioned above, the Individual Costco Gold Star membership comes with the following benefits:

  • The annual membership fee is just $60.
  • You get an additional household card for your spouse or other family members of legal age, free of cost.

What Are the Benefits and Features of Individual Costco Gold Star Executive Membership?

Getting the Individual Costco Gold Star membership also has its own set of benefits, as follows:

  • The annual membership fee costs $120.
  • You get an additional household card for your spouse or other adult family members, free of cost.
  • It entails an annual 2% cashback reward on most of your Costco purchases.
  • You get access to offers and additional discounts available exclusively to members.
  • You can get a copy of the Costco Connection magazine and Costco.ca insert via mail.

What Are the Benefits and Features of Costco Individual Business Membership?

Costco also offers a membership program for owners and operators of businesses who want to enjoy the Costco membership benefits in Canada. If you are a business owner who wants to purchase items from Costco for resale, you must provide Costco with adequate resale information.

Here are the benefits and features of getting an Individual Costco Business membership:

  • The annual membership fee costs $60.
  • You get an additional household card that your spouse or other family members can use, free of charge.
  • You can add at most six people to your membership.
  • You can purchase Costco products for resale.

What Are the Benefits and Features of Costco Business Star Executive Membership?

Below are the benefits and features of becoming a Costco Business Star Executive member:

  • The annual membership fee costs $120.
  • You can get an additional household card for your family members, free of charge.
  • It comes with an annual 2% cashback reward on qualified warehouse, online, and Costco Travel purchases.
  • You get access to offers and additional discounts available exclusively to members.
  • You can add up to six people to your membership.
  • You can purchase Costco products for resale.

Costco Membership Promo Code

Costco already offers significant benefits when you become a member. To make things even better, Costco offers promo codes for its gold and executive memberships.

If you are a new member or have a membership that expired for more than 18 months, and you want to sign up for the Costco Executive membership, you can get a voucher for $40 off on a $200 purchase at Costco.ca. Use the Promo Code “COSTCO40” to get this offer.

If you sign up for the Costco Gold Star membership, you can get a voucher for $20 off on a $100 purchase at Costco.ca. Use the Promo Code “COSTCO20” to get the offer.

How to Get Vouchers for Costco Membership Promotion

Depending on the membership type you’re planning to get, you can enter the corresponding promo codes at checkout while paying for your membership. Costco will send you an email that includes your membership number. You can bring the email to a Membership Counter at any Costco location throughout Canada so that you can pick up your membership card.

Once you have your membership card, Costco will send you an email within a week or two to give you the corresponding voucher that you can use while purchasing something online from Costco.ca.

Costco Digital Membership Card

You can also get a digital membership card free of cost from Costco after becoming a member. It means that you don’t have to carry a physical Costco membership card while visiting any Costco location throughout Canada. You can simply enjoy Costco membership benefits in Canada by presenting the digital card through your phone.

How to Get the Costco Digital Membership Card

There are several steps you should follow if you want to get a digital membership card from Costco. I will walk you through these steps in this section of my guide.

  1. The first step is to download and install the Costco Mobile App. It is available on Google’s Play Store and Apple’s App Store. Once you’ve installed the app, you need to launch and tap on the Membership Card icon on the screen.
  2. Use your credentials from your Costco membership to sign in to your account on the Costco Mobile App. Follow the instructions you see on the login screen to sign in to the app or create an account if you use it for the first time.
  3. You will need to be verified at any of the Costco locations near you. You can visit the Membership Counter at your local Costco Warehouse if you want to get your account verified physically. If you prefer getting your account verified over the phone, you can simply call Costco at 1-800-463-3783, and they will guide you through the process.
  4. Once you get your account verified, close the app and relaunch it. Your digital membership card should now be visible on the screen.

Benefits of Using the Costco Mobile App

The digital membership card is just one of the many benefits you can enjoy by creating an account using the Costco Mobile App. You can download and install the app to save time and money on the go.

People can forget their physical membership card while they head out to shop, but they seldom leave without their mobile phones. So, having a digital membership card can also be a convenient tool.

Here are some of the benefits that you can expect from using the Costco Mobile App.

Costco Digital Membership

You can use the digital membership card available on the Costco Mobile App as proof of your Costco membership in Canada when you enter any Costco location and during checkout after purchasing something from the store.

Exclusive Mobile Offers for Costco

Becoming a Costco member and having an account on the Costco Mobile App entitles you to become one of the first people to access the latest Costco savings from the comfort of your mobile. You can also use the app to easily find the most suitable deals and offers available at Costco.

Online Shopping at Costco.ca

You can enjoy the same benefits and features of Costco membership while buying online through the Costco app or on the Costco Canada website at Costco.ca. You will find thousands of items available through the app that you might not find at your local warehouse. Order them online, and you can get the items shipped to your house for free.

Costco Photos

You can get the opportunity to take photos from your Android or iOS device and upload them straight to the Costco Photo Center. You can then share, format, and order prints for pickup.

How Do I Sign Up for a New Costco Membership?

Signing up for a new membership at Costco is an easy affair. With a growing community of over 90 million members, Costco is always happy to invite new members.

Becoming a Costco member is a straightforward process. I will walk you through it in this section.

Visit Any Local Costco Wholesale Location

The easiest way to sign up for a Costco membership is to visit your nearest Costco Wholesale location and go to the Membership Counter in the location. They will set everything up for you, and you can receive your membership card immediately to begin shopping at Costco as a member on the same day.

Get a Costco Membership Online

You can also sign up for a Costco membership online by visiting its website at Costco.ca. Here are the steps you need to follow to get a Costco membership online:

  1. Go to the home page and click on the “Membership” option available at the top of the page.
  2. Click on your preferred Costco membership type.
  3. Add the membership type to the Shopping Cart.
  4. Carefully read and understand the Conditions and Regulations to become a Costco member. Click “Accept” once you have thoroughly read the terms and conditions.

Once you accept the terms and conditions, Costco.ca will direct you to the checkout page and request information for verification. If all the information is correct, you can get your membership by completing the purchase via clicking on the “Shopping Cart.”

How to Renew Your Costco Membership Online

You can easily renew your Costco membership without having to visit any Costco location by going to Costco.ca and following these steps:

  1. Sign in to your account.
  2. Click on “Membership”.
  3. Enter your Costco membership credentials (i.e., your membership number and last name).
  4. Click on “Proceed to Checkout”.

And you’re good to go. Be sure to verify your online account with Costco before making any changes, though. Going to the Membership Counter at any Costco location and asking them to verify your online account is all it takes to have a verified account with Costco.

Costco will send you an email valid only for 48 hours once you get your verification done. If you have several cards on your membership, you need to renew all of them when you renew your Costco membership. Costco will send you an email to confirm the completion of the renewal process.

What Is the Costco Gold Membership?

Most people prefer getting this Costco membership type. It offers the bare minimum of benefits, and you only need to pay $60 as an annual fee.

My experience with it has been fantastic because I don’t need to rely too much on discounts through a Costco membership. If you don’t tend to use the membership at all or don’t shop at Costco despite the savings you can get, there is always the option of opting out of getting a membership.

I strongly suggest trying the membership out for a while, though. My experience tells me that getting the membership is worth each penny.

It’s hard not to find the Costco Gold membership useful because the place has something for everyone. Even if you cannot find what you are looking for at a Costco location near you, you can always look for it online at Costco.ca and have it delivered to your home.

What Benefits Can I Enjoy With a Costco Business Executive Membership?

This section of my guide to Costco membership benefits in Canada will cover all the benefits you can get with the Costco Business Executive membership. Some of the most prominent benefits and features include:

A Free Spouse Card

You can get a free household card or a free spouse card when you become a Costco Business Executive member. The extra card allows someone else from your household to enjoy the benefits of your membership perks at Costco without the need to get another membership.

Exclusive Discounts and Offers

Having a Costco Business Executive membership entitles you to several exclusive discounts and other offers available only to Business Executive members, along with the Costco Connection Magazine and Costco.ca insert via email.

An Annual 2% Reward

Another amazing benefit of getting the Costco Business Executive membership is the annual 2% reward you’ll get on most of your Costco purchases. The maximum refund you can get is $1,000. However, you need to retain your Executive membership with Costco to get the reward.

If you’ve been an Executive member most of the time but decided to switch to a Gold membership before you can redeem the annual 2% reward, you will no longer be eligible for it.

Costco Return Policy

If you purchase anything from Costco that turns out to be unsuitable or faulty, you can bring it back to your closest Costco location to get a refund or replacement for that item. Costco also facilitates a pickup service for items you might want to return.

Depending on your location, the pickup service for refunds and replacements could take up to three to four weeks. Costco requires that you send your items back to them the same way you received them for them to qualify as valid returns. It is a good reason to preserve the product packaging when you get your products, just in case there might be a need to return them.

You can speed up the refund and replacement process by going directly to any Costco Warehouse location near you. Keep the confirmation email available on your phone when you go to get a return. You can also email Costco to get a refund by writing “Costco.ca Returns” in the email subject line before sending it to Costco’s customer service team.

Costco typically never has problems with refunds, as long as you have a receipt that proves you purchased it from Costco. Of course, it is essential to remember that Costco will not complete the return transaction “no-questions-asked.”

Costco has a few policies for returns on products you purchase from the store. Here are some of the exceptions you should be aware of before you request the return:

  • Customer installation services do not qualify unless you are claiming a warranty.
  • Make sure that you check the warranty on items that come with a limited lifespan, like tires and batteries, before you claim a return.
  • You cannot return items like cigarettes and alcohol that you have purchased from Costco.
  • Items with diamonds can be returned after getting verified. It can take longer to return them.
  • Electronic items have a strict 90-day return policy that begins from the purchase date written on your receipt.

Services Available at Costco

Costco has come a long way from being a warehouse retail store that sells high-quality products at wholesale prices. I will list down all of the services available through Costco that convinced me to get a Costco membership myself:

  • Fresh Produce
  • Food Court
  • Bakery
  • Propane
  • Membership Services
  • Fresh Meat
  • Fresh Deli
  • Pharmacy
  • Tire Service Center
  • Hearing Aids
  • Optical Department
  • Rotisserie Chicken
  • Photo Center
  • Gas Station

Yes, you read that right. Costco even has its own gas stations. As a member, filling up your gas at a Costco gas station will save you a decent amount of money compared to the prices you will get at any other gas station in Canada. You need to have your membership card or digital membership with you when you’re getting your gas filled up.

Don’t try to cheat Costco by trying to use an expired card. They may be kind enough to let you fill your car as a courtesy, but attempting to get a Costco membership discount again will result in you getting blocked until you renew your Costco membership.

The price that Costco offers its members for gas is quite competitive, so it is worth it for me to have my membership.

Pros and Cons of Getting a Costco Membership

This section of my guide to Costco membership benefits in Canada will list down the pros and cons to help you round off on deciding whether it’s worth your money.

Pros of Getting a Costco Membership

  • Costco offers high-quality food items. Everything from the meat and prewashed salads taste amazing and last much longer than what you can get from some other popular stores like Loblaws. Costco also offers a fantastic variety of food.
  • Going to a local Costco store is exciting for many people because of the sample tasking kiosks available at each location.
  • You can buy items for a significant discount in bulk and separate them into individual portions for later use.
  • Costco has an excellent return policy.
  • You get treated like royalty at any Costco store if you’re a member.
  • Costco sells amazing hot dogs for an excellent price.
  • You get excellent prices on several items that are expensive elsewhere.
  • The pharmacy at Costco typically offers lower dispensing fees than any standard pharmacy in Canada.
  • They provide high-quality printing services at the Costco Photo Center for a great price.
  • You can save a significant amount of money through exclusive discounts for Costco members and cashback rewards for Executive membership.

Cons of Getting a Costco Membership

  • Costco only accepts American Express cards or cash. If you don’t already have an American Express card, signing up for one just to get a Costco membership may or may not be worth it, depending on how much you expect to spend at the store.
  • Sometimes, you might not get that much of a good deal on prices. For instance, Costco toilet paper could be more expensive than toilet paper on sale at any other local grocery store.
  • You might end up wasting many food items if you simply buy in bulk without the need to eat so much. The food can end up lying in your freezer for a long time, depending on how much you bought to get a good bulk discount.

Conclusion

Costco is one of the best premium wholesale store chains in North America, and fortunately, it has plenty of locations in Canada. Costco membership benefits in Canada certainly have a pull to them because of all the value it adds for Costco customers.

Getting a Gold membership could be worth it for you if you are an individual or have a small family because you get to save a significant amount on everyday shopping for just $60. Depending on how much you shop at Costco, you can end up eating away the $60 membership fee and save much more.

You get access to incredible deals on pretty much everything with a Costco membership. Costco also prides itself on selling only genuine and high-quality products, so you can rest assured that you don’t just get a good price but an amazing bang for your buck. Getting a Costco membership is definitely worth it, in my opinion, especially if you love saving money.

If you love saving money while shopping by using coupons, I have a list of the best Canadian coupon apps that you should check out.

And if you are looking for more ways to save money, you can check out my guide on How to Save Money in Canada.

Costco Membership Benefits in Canada
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Author Bio - Christopher Liew is a CFA Charterholder with 11 years of finance experience and the creator of Wealthawesome.com. Read about how he quit his 6-figure salary career to travel the world here.

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