10 Costco Membership Benefits You Might Not Know About

You may think a Costco membership is only worth it if you have a lot of extra space to store bulk items or if you throw a few giant house parties every year. But there are some perks to paying that annual membership fee that don’t involve a 12-pack of paper towels or a 3 liter bottle of olive oil.

There are two levels of Costco membership: The Gold Star or Business annual fee is $60 and the Gold Star Executive or Business Executive is $120. The Executive level gets you additional benefits like 2 percent rewards on some of your Costco purchases as well as extra discounts or benefits. Either the basic membership or the executive membership lets you save money, but in addition to the lower prices you can find some really great perks.

Costco Membership Benefits
Flickr: Lisa Pinehill

Here are 10 Costco membership benefits you may not know about.

1. Mortgages

Looking for a house? Before you fill it up with all the stuff you buy from Costco, check with them for your mortgage. They offer both purchasing and refinancing options with low lender origination fees.

2. Insurance

The warehouse club partners with trusted providers to offer home and renters insurance, auto insurance, life insurance, and dental plans. It’s almost a one-stop shop for everything you need to keep your life in order and protected.

3. Gas

Costco Membership Benefits
Flickr: Mike Mozart

Costco gas stations tend to offer prices that are among the lowest in the area and the gas stations are built for efficiency with features like one-way traffic (so you never get caught pulling in and meeting another car doing the same from the other direction) and extra-long hoses so it doesn’t matter what side of the car your gas tank is on.

4. Health Services

Many Costco locations have hearing and optical services, meaning you can get discounts on your hearing aids and glasses. Plus, they have a prescription program through their pharmacy that offers discounts on prescriptions. Oh, and your pet can get discounts on their prescriptions, too.

5. Travel

From cruises to amusement park packages to rental cars to hotel deals to theme park discounts, the Costco Travel program offers great discounts and upfront pricing, plus they often offer some kind of extra perk like a Costco cash card with your travel purchases.

6. Cars

One of the Costco membership benefits you may not know about is their auto program. Costco doesn’t sell cars, but they work with dealerships across the country to provide discounts to Costco members. They also offer 15 percent off on parts, service, and accessories for any vehicle in your household.

7. Ordering checks

I know, we hardly write checks anymore, right? But that just makes it more difficult to keep track of when you need to reorder them. Costco offers discounts on customized printed checks for you and your business, meaning one less trip to the bank.

8. Gift cards and movie tickets

Costco members get great deals on gift cards, like a pack of four $15 gift cards to Krispy Kreme for $44.99 (which is basically like getting one of those cards for free). They also have packs of movie tickets, amusement park tickets, and other entertainment and restaurant discounts.

9. Identity Protection

You get credit monitoring, alerts when there is suspicious activity on your accounts, and help with recovery if your identity is stolen.

10. Business Services

A Costco membership may be a good idea for you personally, but if you’re a small business owner, it might be an even better idea. Promotional logo products, phone services, bottled water delivery, and even health insurance plans — Costco business members get access to some great deals.

Watch: The 10 Things at Costco Worth the Bang for Your Buck.