Nobody really needs to be told how to shop, right? But when you shop at Costco, the rules are different. As a card-carrying member, you’re probably paying for a ton of benefits that you might not even know you get. You also might be making incorrect assumptions when it comes to the items you select. Here are some huge mistakes you could be making while shopping at Costco.
Costco has two options when it comes to personal memberships, Gold Star at $60 and Gold Star Executive at $120, and if you haven’t upgraded to Executive yet, you’re missing an opportunity to recoup some, or all, of that annual fee. While it might sound a bit counterintuitive to pay twice as much for the same access into the warehouse store, depending on your spending habits, it could be well worth it.
At the Executive level, you receive two percent cash back on most purchases. According to Costco’s math, if you spend $500 a month, or $6,000 a year, you’re looking at a rewards check of $120, and in effect, getting your membership totally free. The more you spend, the more you get back, up to $1,000 a year. Even if you don’t come close to that maximum, anything over $60 in rewards is money back in your pocket. As a safety net, if you take the plunge and don’t spend enough in the first year to come out ahead, Costco will make up the difference by ensuring that first check is at least $60. So what are you waiting for? Go upgrade that membership.
Spoiler alert: Costco’s layout is confusing by design. They want you to get lost in their labyrinth of tempting bargains so you spend all the money.
Think about it… you shopped at the warehouse store just last week, but somehow the layout is very different this time around. According to one former employee who posted on Quora, this dipsy-doo switcheroo is no coincidence:
“I worked for Costco for 13 years. They purposely move products around to different locations and are constantly rotating a certain percentage of their inventory to new products. This creates a ‘Treasure Hunt’ experience as you shop and helps you discover new products that you may not normally see on your shopping visits.”
In other words, you’re much more likely to impulse buy this way. More tricks the retailer uses? The fresh food is all located at the back of the store so you’re forced to walk past all those amazing deals and hopefully put them in your cart. Costco also forgoes any aisle signage, another effort to get you to peruse all the products and buy what you see. If you don’t want to spend more than you planned, don’t let their layout lead you astray.
#Costco #WholesaleShopping #ShoppingTips
Not upgrading your membership | 0:18
Getting confused by the layout | 1:15
Missing the price adjustment policy | 2:17
Ignoring the gift cards | 2:55
Not considering the shelf life | 3:41
Ignoring the concierge services | 5:22
Skipping the Kirkland products | 6:01
Ignoring the pricing details | 6:58
Not price-checking online | 7:52
Non-members aren’t taking advantage of benefits | 8:48