How does costco make money on gift cards

how does costco make money on gift cards

Sure, you know you can get a meal’s worth of free samples at Costco. But do you know where the best deals in the store are hidden? Can you decode the price tags? All you have to do is elicit the help of a friend with a membership to get you a Costco cash card. You can shop with it at any Costco location, or online. Regularly-priced items will be on the end caps. The real deals will be within the aisles and around the edges of the store.

In This Article

It might seem as if a Costco membership would be most useful to a family with lots of mouths to feed who wants to buy groceries in bulk, but there are several other savvy ways you can get the most of a membership. According to Andrea Woroch , an expert on consumer savings, Costco’s gift cards are one of them. These cards cover an array of things, from theater and movie tickets to restaurants, travel, and spa treatments. This isn’t the only lesser-known perk of a Costco membership. Members can also get gym-membership deals, cheap gas, and discounts on vacations. According to CEO Richard Galanti, Costco’s so-called ancillary businesses, such as travel and gas, are fast becoming its biggest assets. In the company’s most recent earnings call in October, Galanti reiterated the importance of its gas stations in driving foot traffic — because gas is a recurring purchase, it’s a way to attract members and keep them loyal. Costco’s travel business is an easy way to drive profits for the company, Galanti said in an earnings call in March , adding that it’s a high-margin business because of the few administrative costs associated with it. It’s not «the value of that plane ticket and hotel,» he said, but «the broker commission. Account icon An icon in the shape of a person’s head and shoulders. It often indicates a user profile. Login Subscribe. My Account. World globe An icon of the world globe, indicating different international options. Mary Hanbury. Costco offers discounts on gift cards bought in bulk. There are other lesser-known perks to a Costco membership, such as gym-membership deals , cheap gas , and discounts on vacations.

Before Header

We all know by now that I love Costco! They have a huge selection of gift cards ranging from restaurants to theme parks to ski passes to gym memberships! We all know that every market, convenience or drug store carries gift cards. So whats the big deal?? Well the greatest part of the Costco gift cards is that they give you a significant discount!

how does costco make money on gift cards

Header Left

.


Costco is a membership warehouse store that allows you to buy merchandise in bulk, often at lower prices than other retailers. To get access to these deals, you have to join Costco by paying an annual membership fee. If you plan to do a lot of shopping at Costco, the Costco membership fee can pay for. We have the list of options for buying Costco gift cards. The easiest place to find Costco gift cards is at Costco.

To purchase or reload a Costco Cash Card, you must be a Costco member. You can use the card to purchase merchandise or to purchase or renew a Costco membership. Though only members can purchase Costco Cash Cards, members and non-members alike can use the cards. Purchasing directly from Costco assures that you will not pay any additional fees and that the Cash Card will be in stock.

If you are a Costco member, you can purchase Costco Cash Cards online or in-store. Many retailers sell gift cards to other stores, such as Walmart and Target; however, Costco gift cards are not sold at any of these third-party retailers. Purchasing directly from Costco is usually the best deal because the cards are virtually always in-stock, but if your need for a Costco gift card is not time-sensitive, you can keep an eye on gift card resale sites.

They walk away with some cash, and you may save a bit of money on your gift card purchase. Stock on resale websites varies constantly and depends on what people are trying to sell. You can also find Costco gift cards for sale on Amazon and eBay. However, you might not always get the best deal on these sites. However, there are several resale websites that also stock Costco gift cards, including eBay and Amazon.

Terms of Use. Email me when someone responds. Subscribe to our weekly newsletter. Skip to content. Where to Buy Costco Gift Cards Besides Costco Many retailers sell gift cards to other stores, such as Walmart and Target; however, Costco gift cards are not sold at any of these third-party retailers.

Answered Read More. Costco: Disney Gift Cards? Does Costco Sell Dry Ice? Leave a Comment We respond within 24 hours. Terms of Use Cancel reply. Our latest content sent weekly First Name. Last Name. Email address:. Sign up.

How to get a free Costco Membership


How to Buy Costco Gift Cards at Costco

.

Comments