Have you been trying to stick to your financial resolutions, like saving more money on everyday purchases?
If you use your Costco membership the right way, chances are you'll get closer to that goal.
As you make your financial goals list, make sure you include avoiding these dreadful Costco mistakes shoppers often make.
Earn 2% cash rewards at grocery stores and Costco
The Wells Fargo Active Cash® Card(Rates and fees) is a powerful rewards card that allows you to earn unlimited 2% cash rewards on purchases — including on groceries, even at warehouse stores like Costco.
New cardholders can also earn a one-time cash rewards bonus — $200 cash rewards bonus after spending $500 in purchases in the first 3 months!
If you’re looking for a powerful rewards card that offers an extended intro APR period, look no further, the Wells Fargo Active Cash® Card checks that box too!
This card also offers an intro APR of 0% for 12 months from account opening on purchases and qualifying balance transfers (then 19.74%, 24.74%, or 29.74% Variable). Which is great for someone who wants a break from high interest rates, while still earning rewards.
The best part? There's no annual fee.
Click here to apply for the Wells Fargo Active Cash® Card now.
Skipping the food court
Costco doesn't just help you save money shopping. Costco's food court is a great option for a cheap meal before you head home.
Check out their famous hot dog deal for $1.50, or you can also put in an order before you start shopping so that it’s ready when you leave. For example, place an order for a pizza and pick it up hot when you're heading out.
Missing the price adjustment
It can be annoying when you buy something and see that Costco put that same item on sale a week later. But you can still save money if you’re proactive.
Costco has a price adjustment feature that will allow you to get the sale price on an item if you mention it within 30 days of purchase. Check with the Costco customer service desk to see if you can get the price change, or request an adjustment online.
Not checking the ad booklet before shopping
Costco sends out an ad booklet each month that lists all kinds of savings on food, home products, electronics, clothes, and more.
Make sure to check this out. You might find a good deal on something you have been thinking about buying.
Stop overpaying when you shop online at Costco
Shopping online has its perks. It's super convenient, but it can be time consuming to find the best deals. Instead of hunting for coupon codes (that don't always work!) and opening tons of browser tabs comparing prices, you can try Capital One Shopping.
Capital One Shopping makes saving money effortless. Just add the browser extension and when you check out, it'll scour the internet for coupon codes to help you save cash. And before you check out at 25+ major retailers, Capital One Shopping will notify you with a friendly pop-up if the item you're buying is available cheaper somewhere else.
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Not having the right membership
Costco has three different membership options, and choosing the wrong one can cost you money.
Costco’s Gold Star membership and Business membership each cost $60 per year. The Executive Membership is $120 per year with 2% cash back on your purchases. Do some math and see which one is best for you.
Shopping while hungry
Costco is full of delicious foods, which is why it's risky to shop at the warehouse retailer on an empty stomach. Instead, go after you’ve had a meal.
Make sure you create a list and stick with it so you don’t get tempted by the food in the aisles.
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Shopping on a Sunday
Sometimes, it’s not about the money you spend but rather the time you waste. So, if you want to get in and out of Costco as quickly as possible, don’t waste your Sunday at the warehouse retailer.
Lines will be long, aisles will be crowded, and you might have to fend off other shoppers to get the best samples. Skip the stress and enjoy your Costco trip on another day or at a less busy time.
Dismissing Kirkland Signature products
It’s a mistake to automatically assume that Kirkland Signature products are not as good as name-brand items.
Items with this Costco brand are usually good in quality, and they could save you cash.
Overdoing the fresh produce
Costco shoppers can be overly ambitious. That’s not a problem if you’re stocking up on pasta or grabbing extra paper towels for the family. But Costco’s bulk-size produce options may cost you cash if you don’t eat them quickly.
Think about your produce purchases before you put them in your cart so you don’t end up disposing of them if they go bad before you eat them.
Missing those member perks
Buying in bulk isn’t the only great thing about having a Costco card: Your membership can also get you discounts on travel, cars, insurance, and other products.
Dig into Costco’s various perks and see if there is something online that might save you money.
Get a protection plan on all your appliances
Did you know if your air conditioner stops working, your homeowner’s insurance won’t cover it? Same with plumbing, electrical issues, appliances, and more.
Whether or not you’re a new homeowner, a home warranty from Choice Home Warranty could pick up the slack where insurance falls short and protect you against surprise expenses. If a covered system in your home breaks, you can call their hotline 24/7 to get it repaired.
For a limited time, you can get your first month free with a Single Payment home warranty plan.
Driving past the pump
Don’t drive by those gas pumps in the Costco parking lot. The pumps at Costco often have lower prices than many local gas stations. So, fueling up at Costco can save you money on gas.
Missing the pharmacy deals
Costco’s pharmacy can fill your prescriptions just like your normal pharmacy, and the cost may be lower at the warehouse retailer.
The pharmacy also has various generic drugs at a discounted price, which may help you save money. And remember your furry friends — you can also get dog and cat medication from Costco.
Forgetting the seasonal items
Costco has some great deals on seasonal items for holidays in the winter, gardening in the spring, and other events during the year. Check for things that you need when these seasons roll around.
Bottom line
You can save a lot of money as a Costco member, particularly if you know how to unlock the power of your Costco membership. For one, avoiding the above mistakes will help you keep even more cash in your pocket.
Before you head out, check your wallet for the best cash back credit cards for shoppers. Then, look for sales and in-store brands to get extra savings.
Lucrative, Flat-Rate Cash Rewards
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Wells Fargo Active Cash® Card
Current Offer
$200 cash rewards bonus after spending $500 in purchases in the first 3 months
Annual Fee
$0
Rewards Rate
Earn unlimited 2% cash rewards on purchases
Benefits
- Low spend threshold for its welcome offer — $200 cash rewards bonus after spending $500 in purchases in the first 3 months
- Cell phone protection benefit (subject to a $25 deductible)
- Can redeem rewards at an ATM for literal cash
Drawbacks
- Foreign transaction fee of 3%
- No bonus categories
- Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
- Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
- Earn unlimited 2% cash rewards on purchases.
- 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers. 19.74%, 24.74%, or 29.74% Variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5.
- $0 annual fee.
- No categories to track or remember and cash rewards don’t expire as long as your account remains open.
- Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature® Concierge.
- Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
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