One of the biggest Costco membership perks at the executive level is their cash back program. Members will get two percent back on qualified purchases*, which can total up to $1,000 in a 12-month period. What this means is that if you simply spend $3,000 in a year, you'll pay for the cost of the upgrade.
This may seem like a far-fetched amount, but when you add up groceries, gas, home supplies, and big purchases like appliances, tires, mattresses, and outdoor gear, this actually becomes quite an easy feat to achieve.
And if you sign up for their Costco Anywhere Visa Card, you will earn an extra two percent on purchases made in-store and online.
* Gas, tobacco, and stamps are federally regulated products, so this promotion does not apply to these items.