The employees-only discount is one of the most popular perks of working at Costco. Employees get a 4% cash rebate on almost anything purchased at Costco for themselves or for their family, friends and other people. It is possible to buy computers, televisions, furniture and even diamond rings at the warehouse store. All you need to do is present your employee card.
What Are Costco Employee Discounts? How Many Types Of Discounts Does Costco Provided To Employees
Costco has great discounts for its employees and their families. These are pretty well-known, but they can be confusing to navigate. Here’s what you need to know:
The best way to save money at Costco is by becoming a member and then using your employee discount. Costco offers two types of memberships—gold star and business and each type comes with different perks. You’ll get a slight discount on your purchases as an employee, but there are other benefits as well.
Gold Star Membership: This is the most popular membership, which costs $55 annually plus tax. Gold star members get access to special deals, early shopping hours (6am on Sunday), discounts on certain products and services like car rental insurance and travel protection policies, discounts on eye care exams, prescription drugs, hearing aids, hearing exams and more. In addition, gold star members can use the executive check-out line which allows them to skip all the lines when checking out at the store — something that can save you 30 minutes or more!
Business Membership: This membership costs $110 annually plus tax and includes all of the same benefits as gold star membership but also includes discounts on everyday
Do Costco Employees Receive A Store Discount?
Employees at Costco can receive a 10% discount on items purchased at the store. This includes anything from food and electronics to furniture and clothing. The discount applies only if you’re buying for yourself or have been invited by an employee to purchase something on their behalf. You won’t be able to just buy something for your friend or family member with this discount though — it has to be for yourself or the person who invited you into the store.
What kind of special deals do Costco employees get?
Costco employees get access to additional discounts that aren’t available to regular customers. They include: A free slice of pizza every day at lunchtime (this perk is available only at select locations though).Free prescription drugs through their pharmacy program
Exclusive employee discounts on travel services like car rentals, hotels, cruises and more.
Does Costco employees get a discount on their membership?
Costco employees receive 20% off their membership and can also receive other discounts on products. For example, they get $1 off hot dogs and soda from Costco’s in-house cafeteria. Employees are also eligible for an employee credit card that offers an additional 2% back on certain purchases made at Costco stores, although the amount of cash back you receive depends on the type of card you have and how much money you spend at Costco each year.
Do Costco Employees Have Access To Benefits?
Costco employees have access to a variety of benefits. These benefits include:
Health insurance: Costco offers health insurance coverage to its employees, but the company does not provide dental or vision plans.
Life insurance: Costco provides life insurance coverage for each employee at no cost. The amount depends on the employee’s salary and length of service.
Retirement plans: Costco offers a 401(k) retirement plan with an employer match and profit-sharing contributions. In addition, it provides employees with retirement savings accounts called ESOPs (employee stock ownership plans). These accounts are funded by the company, but employees own them and can sell them when they leave the company or retire from it.
Vacation time and paid holidays: Vacation time varies by department but is usually between three weeks and six weeks per year after one year of service. Employees also receive eleven paid holidays each year plus one floating holiday day that they can take any day they choose during nonbusiness hours during their first year of employment at Costco.
Conclusion
Costco employees get significant discounts on everything from health care to appliances. Costco employees are eligible to receive discounts on most products sold at the warehouse chain and online. There are also a number of benefits exclusively available to workers, including health care coverage and discounted mortgages and auto loans through select lenders.
FAQ’s About Costco Employee Discounts
Costco employee discounts can save you up to 36% on your membership fees and up to 10% on food purchases.
Yes! The only catch is that you can’t buy everything in bulk—some items, like alcohol and tobacco, are not eligible for wholesale discounts.
You pay for your membership, which is about $55 per year. If you’re not a member, you’ll also pay an additional $45 in membership fees.
The average hourly wage for a Costco employee is $20.00 per hour. However, many earn more than this amount because there are several ways that Costco employees can earn bonuses, including shift premiums and annual bonuses based on performance reviews.
Standard discounts can range for 10-30% of regularly priced merchandise or services.
Aside from discounts on products and services, members also receive discounts on travel services such as airfare, hotels and car rentals through Costco Travel Services.
