Nowadays, supermarket chains offer exclusive membership plans to keep shopping rewarding and satisfactory for buyers. Costco contributes to the same race with different membership plans for customers. If you pay for a comparatively more expensive membership plan at Costco and want to downgrade it, it’s possible before the time runs out.
How to downgrade the current Costco membership you own? Well, there are simple methods available to demote or cancel your existing Costco membership. It’s better to switch to a more affordable plan if you are a frequent buyer at Costco rather than cancelling it for once and all. Let’s check out how to eliminate costly Costco memberships and their benefits.
How to Downgrade Costco Memberships?
Degrading your current Costco membership can be done in 3 different ways. Can you downgrade the Costco membership plan online? Yes, it’s possible, and you can even call a customer care representative or walk into any Costco store to downgrade a membership.
Change Costco Membership Online
Do you have a Costco account? If yes, it’s easy to cancel your Costco membership and sign up for the basic one. Here’s what you need to follow:
- Start by accessing your Costco account. Just use any web browser on your computer and enter the web address of Costco. Then, hit the Sign In button and provide the required credentials.
- Once you have entered your Costco account, navigate to the ‘My Membership’ option. This particular option can be found under the menu bar from the upper portion of the screen.
- Next, you can review your Costco profile and membership details here. If you are an Executive member, switch to the Gold Star to downgrade the plan.
So, this is how to change Costco Membership from executive to Gold Star online. After this, you can get the facilities assigned for Gold Star membership instead of for the Executive one.
Make a Call to Costco Customer Care Team
The problem with the online process is that you must have a Costco account with a valid username and password. If you forget your sign-in credentials, changing your Costco membership plan online would be difficult.
To be safe, you can call Costco customer care and support. Then, you can convey your plan degradation request. Here’s how you can change your Executive membership over the phone:
- Dial the Costco customer service number, which is 1-800-774-2678. Keep your Costco membership card handy while making the call.
- After any representative answers you, you need to verify your information. Additionally, tell the person that you want to degrade your Costco membership.
- The representative on the other end of the phone might ask you a few more things. So, answer them correctly, and the representative should take care of your request.
Hopefully, this will downgrade Costco membership Reddit for you.
Walk into the Costco Store near You
It’s better to downgrade your Costco membership if you don’t avail yourself of that many benefits. On the other hand, the system backdates the due amount from the plan’s expiry date if you don’t renew the plan. Hence, you end up paying for services you don’t even receive.
Walk into the Costco store with the membership card. Next, talk it out with the person at the membership counter. In summary, you need to go through the steps below:
- Reach any Costco store and locate the membership counter.
- Next, approach one of the staff members over there.
- Request the employee to demote the membership from Executive to Gold Star.
Afterwards, the respective employee will sort things out. And, you can resume your shopping.
Benefits of Costco Executive Membership
For valid reasons, Costco Executive membership cards are popular among shoppers. It’s the best option if you buy items worth at least $3000 yearly. However, the Costco Executive membership counterbalances the membership fee, which is $120.
Before you commit to how to change Costco membership online, you must go through the advantages of this plan:
- The Costco Executive membership offers an annual 2% reward on selected Costco.com, Costco, and Costco Travel buys.
- In addition, you can get a $15 enrollment fee and up to a 15% discount on pet insurance.
- Costco Executive subscribers receive the monthly Costco Connection magazine.
- Moreover, you don’t have to pay any statement or application fees while signing up for payment procedures for your business via Costco.
- Get an additional 20% off on the purchase of personal and business checks.
- Costco Executive membership offers savings on homeowners insurance, auto insurance, pre-owned and new vehicle insurance, and vivid services.
- On top of that, you can be a proud beneficiary of Costco Travel. Therefore, you can get an extra hotel, flight, and car rental privileges for your vacation packages. Here are some added benefits:
- Resort spa credits
- Free massages
- Spending credits on resort booking and more
- Shipboard credits on cruise
- Additionally, you can get free shipping and delivery benefits for shopping from the online Costco store.
Should You Downgrade the Costco Membership from Executive to Gold Star?
Costco Executive membership is undoubtedly a worthy plan if you are a frequent shopper at this warehouse superstore. If you find yourself struggling with spending $3,000 every year from Costco, it might not be the service you require. Hence, you can either degrade or drop your membership.
Better, you can stick to the Costco membership deal of Star Gold. This is Costco’s standard membership, and it costs $60 per year. And, this covers 2 people in the same household. On the other hand, this membership offers the following advantages:
- Access to worldwide Costco stores and services
- Deals on auto and home insurance
- Auto and vehicle services
- Discounts at Costco gas stations
- Bottled water delivery
Should you degrade your Costco membership from Executive to Star Gold? Consider the following points to decide your next step:
You’re not a Frequent Shopper at Costco
Have you moved on from Costco and prefer other places rather than solely depending on this superstore? If yes, you can easily cut off your privileges and the Executive membership.
Household Members have Moved out
Are your children off to their college? Or, they may not live with you anymore. In short, you can consider degrading your Costco membership if your household size has shrunk in the past few months. Obviously, you don’t need as many groceries and supplies now as you did before.
You Don’t Enjoy Maximum Benefits
If the Costco Executive subscription compels you to make a yearly purchase of $3000, then it’s time to degrade your membership. In addition, you might be missing out on exciting benefits from a Costco Executive membership. Hence, review your current Costco membership and degrade or cancel if you need to.
How can You Cancel the Costco Membership?
Right now, Costco offers 3 membership plans and they are Executive, Business, and Gold Star. The Business membership is for those who are interested in reselling Costco products with the company agreements. However, Costco lets you cancel your membership without any hassle at any time.
Here’s how to cancel Costco membership plans:
Visit Costco Store
Just like you can walk into a Costco store to degrade your membership, you can also do the same for the cancellation. Simply, speak with an employee over the Costco membership counter. Surely, they will figure something out and immediately cancel the membership.
Call Costco Member Services
As an alternative, you can contact the Costo member services over the phone to cancel the existing membership. Call 1-800-774-2678 and cancel your Costco Executive or other memberships.
For an in-store cancellation procedure, you should keep your Costco membership card and a valid ID card handy.
Will Costco Give You a Refund upon Cancelling a Membership?
Yes, Costco will process a refund to your bank account once you request a membership cancellation. The refund generally takes place on the third date of every month. Therefore, you have to wait until that day to receive your membership money back.
In addition, you need to verify the membership fee that was charged before. Moreover, keep the credit card information that you used to purchase the subscription. This will make the Costco Executive membership cancellation process flawless. Additionally, you will get a refund quickly.
Remember that a Costco membership will last you a year. Afterwards, you can quit the membership or renew it. In case you are looking for how to downgrade Costco Executive membership then it’s better to do it upon the plan’s expiry.
To be noted, Costco will downgrade your membership automatically if you don’t receive a reward equal to the money you have spent on the membership. Moreover, Costco doesn’t offer any discounted or free membership plans for existing members.
Summing up…
The Costco Executive membership is good if you prefer this store over anything for A to Z shopping. However, you don’t get early access to any sales or deals. Like any other non-privileged customer, you must stand in a queue and wait for your turn. Therefore, it’s better to downgrade the Costco membership only if you cannot cope with your spending limit.
