Costco Shoppers Can Save Money With These 10 Hacks, Experts Say
From deciphering price tags to utilizing membership perks, savvy shoppers can stretch their dollars further at the warehouse retailer.
Costco members can unlock significant savings by understanding subtle clues on price tags and leveraging lesser-known membership benefits, according to shopping experts. These strategies can help shoppers avoid overspending and maximize the value of their bulk purchases.
Decoding Price Tags
Savvy shoppers often look for specific indicators on price labels to identify potential bargains. An asterisk in the corner of a price tag is widely believed to signal that an item is not expected to be restocked once current inventory is depleted. While not an official Costco policy, this mark can prompt shoppers to stock up on frequently used items if the price and quantity are suitable.
Prices ending in .97 are also frequently cited by shoppers as indicative of a markdown. Conversely, prices ending in .99 typically represent regular pricing. Prices ending in .00 or .88 are sometimes described as manager markdowns. However, experts advise using common sense and comparing prices and package sizes, as a clearance item is not a bargain if it goes unused.
Leveraging Membership Perks
Costco's Executive membership, which costs an additional $65 annually on top of the standard $65 fee, offers a 2% reward on qualifying purchases, capped at $1,250 per year. This means members need to spend a significant amount on eligible items for the reward to offset the upgrade cost. For instance, spending $3,250 would generate a $65 reward at the 2% rate, covering the extra fee. Executive members also gain access to early shopping hours, typically from 9 a.m. to 10 a.m. on weekdays and Sundays, and 9 a.m. to 9:30 a.m. on Saturdays, which can provide a less crowded shopping experience.
Smart Shopping Strategies
Before heading to the warehouse, shoppers are advised to check Costco's official savings offers available online. These promotions can apply to items purchased online or in stores. It's important to verify validity dates and look for online-specific indicators before ordering.
For households that find bulk purchases overwhelming, splitting large multipacks with friends, family, or neighbors can be a practical solution. This allows smaller groups to benefit from bulk pricing without excess inventory. Agreeing on the division of items before checkout and comparing unit prices can ensure real savings.
To manage bulk purchases of perishable items like meat, portioning and freezing are recommended. Separating meat into meal-sized servings upon returning home and using freezer-safe packaging can prevent spoilage. Proper storage, guided by resources like the FoodKeeper storage guide, is crucial to reduce food waste.
Beyond Groceries
Costco Travel offers vacation packages, cruises, hotels, and rental cars to members. These packages are selected for value, and some include additional perks. Executive members can also earn their 2% reward on qualifying travel purchases. It is advisable to compare package prices with direct bookings to ensure the best overall value.
Another program, Costco Next, allows members to shop directly from selected third-party suppliers via Costco's website. Participating brands offer products at Costco-related prices, but purchases are handled by the supplier, and these do not qualify for the Executive membership reward.
When purchasing tires, Costco's Tire Center includes lifetime maintenance services such as inflation checks, balancing, rotations, and eligible flat repairs as part of the installation package. Using nitrogen inflation and applicable warranties can add further value. Shoppers should compare the total installed price and terms with other retailers.
Costco shoppers could be leaving money on the table by overlooking some of the warehouse giant's lesser-known perks, from hidden markdowns to exclusive travel deals.
Ultimately, while buying in bulk can lead to savings, it does not guarantee it. The U.S. Food and Drug Administration advises consumers to plan meals and check existing inventory to avoid food waste, particularly with perishable items. The key is to align bulk purchases with actual needs and consumption.