Costco Executive membership - reducing costs

BikerEd

Costco Executive membership costs £30+VAT on top of the normal trade or individual membership fee. It gives 2% cashback so is generally only suitable for big spenders as you need to spend around £1800 during the membership year to be in profit on the fee.

However, a nice feature of the Exec add-on is that you can buy it at any time during your membership year at a pro-rata cost based on the number of months remaining until renewal.

If you are making a big purchase such as a large TV mid-year then it may be worth paying for Exec membership as your cash back for that purchase and all your purchases for the remainder of your year will exceed the reduced Exec membership fee.

To Costco's credit I only found out about this when I spent £1200 on a couple of tellies and a blu-ray player. The lady on checkout told me about the pro-rata cost and said that I would immediately be in profit on the exec cashback, although it is mentioned on the website. Nice!