Costco Executive Member swap of paper Reward Certificate for online use

Today’s tip will apply to a fairly narrow audience.

  • Are you a Costco Executive Member?
  • Do you still have your annual Reward Gift Certificate that was mailed out in 2020?
  • Are you avoiding shopping in person due to the COVID-19 pandemic?

If all three of those points apply to you, you may appreciate something I found out last month after a bit of searching. You can submit your paper Reward Certificate to the Costco home office by mail, and they will send you a Shop Card* redeemable for online purchases as well as in person, for example, at their gas pumps.

Costco Wholesale club Executive Membership Reward Gift Certificates dated 11/01/2019 and 11/01/2020As it happens, I hadn’t even gotten around to using my November 2019 certificate when I made my last in person visit going inside a Costco back in March 2020. The arrival in November 2020 of the next one brought the matter to my attention.

I was actually a few dollars shy of the break even amount for 2019—regular membership costs $60/year while Executive Members pay $120/year but earn back 2% of their spending in the form of this Reward Gift Certificate—and the $59 coupon in my wallet had completely slipped my mind.Costco Executive membership card in black leather wallet

My shopping habits changed a lot in 2020, however, and my two figure Reward from 2019 was more than doubled this year. In addition to regular orders of 2 Day Delivery shelf stable staples and household goods, I also bought Mountain House freeze dried meals and other long term storage foods, exercise equipment, and an expensive new vacuum cleaner from my favorite big box store.

While I frequented the Costco warehouse and gas station far less often during the pandemic, I did try to order as much as possible via Costco.com. I appreciate Costco’s consistent appearance on “America’s Best Employer” lists like this on from Forbes, plus their emphasis on value for dollar vs. lower prices on lesser quality goods matches my own preferences as a consumer. I feel much better shopping there than giving more of my money to Jeff Bezos over at Amazon.

With two Reward Certificates in hand, I found this page on Costco’s web site that explained how to redeem them for an equivalent amount of online-use-eligible gift certificates. I encourage you to follow the instructions on the official site at the link above, but here are the details on how to make the swap for yourself.

Mail your Executive 2% Reward certificate to Costco at:

Costco Wholesale
ATTN: Executive 2% Department
1455 11th Ave NW
Issaquah, WA 98027

Number 10 (business size) envelope with stampMake sure to include the following in a cover letter:

  • Member’s name
  • Membership number
  • Address to which you’d like the Costco Shop Card sent
  • Phone number in case they need to reach you
  • Executive 2% Reward certificate(s)

I took the precaution of photocopying my Reward Certificates before mailing them to Costco, and I’d advise anyone else to do the same or snap a readable photo. For good measure, and because my printer also works as a scanner, I captured an image of my membership card to the same document lest a foolish typo on my part prevent me from getting my money back!

I didn’t put the date on which I mailed my Certificates on my calendar, nor did I note receiving the replacement Shop Card, but the process felt pretty quick. I’d estimate that I had gift card in hand within a couple of weeks, even with the widespread postal delays of this past holiday season.Costco Shop Card gift certificate - 1

I was given no guff about submitting two annual Executive 2% Reward certificates, and the Costco home office combined both dollar amounts onto a single Shop Card gift certificate as I’d indicated was my preference in my cover letter.Pile of money

If, like me, you are sitting on a couple of hundred dollars or more in Costco IOU’s due to COVID-19, consider taking these simple steps to gain access to the money you’ve earned via your patronage. You might also want to express your appreciation for the opportunity as I did. Once again, Costco’s commitment to customer service has made me happy to continue my patronage of the chain, and I made sure they were aware of how their effort affected my feelings about my membership.

* Costco’s name for their gift cards

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