Costco rewards members with $60 shop cards for $300 quarterly spending

Costco is giving $60 shop cards to qualifying members who spend at least $300 in a single quarter, the retailer announced on Monday. The cards are loaded onto members’ Costco Anywhere Visa® cards and can be used at any Costco warehouse or online. The promotion runs from July 1 through September 30, and members must claim the reward by October 31. The offer applies to both individual and business memberships, but only one card per household is allowed.

The move comes as retailers battle rising inflation and a competitive membership market. Costco’s prices have stayed relatively stable, but many shoppers have cut back on discretionary spending. By rewarding higher spenders, Costco hopes to boost quarterly sales and reinforce loyalty ahead of its annual membership renewal period in October. The promotion also follows a recent wave of cash‑back and rebate programs from rivals such as Sam’s Club and Walmart, which have been using similar tactics to attract price‑sensitive consumers.

To qualify, members must have a minimum of $300 in purchases during any three‑month window between July and September, not including gas, pharmacy, and alcohol. Once the threshold is met, the $60 credit appears automatically on the member’s Costco Anywhere Visa® card within 48 hours. Costco estimates that roughly 15% of its 120 million members could qualify, potentially adding $1 billion in incremental sales. A spokesperson said the program is “designed to thank our most engaged shoppers and encourage them to keep choosing Costco for everyday needs.” Consumer reaction has been positive, with many posting screenshots of their credits on social media. The retailer will monitor redemption rates and may adjust the offer for future quarters, signaling that such incentives could become a regular feature of its membership strategy.