Image source: Getty Images
I'm a new Costco member and have already saved money without going to my local club. I understood that Costco could offer savings on food and household goods, but I was unaware of other ways my membership could help me keep more money in my checking account.
I like to travel. Plus, when I'm home, I refrain from driving when going out with friends for drinks, so I sometimes find myself using ride-hailing services. This expense can add up quickly, but spending money for added peace of mind and convenience is worthwhile.
Well, now I'm paying less. Recently, I discovered that my Costco membership could help me save money on Uber expenses. Let me explain how I've unlocked discounted Uber rides so you can save, too.
Costco members can buy cheaper gift cards
In addition to discounts on food, clothes, toiletries, furniture, and electronics, Costco members can save money in other ways. One example is by purchasing affordable gift cards. The warehouse club brand sells gift cards for many popular brands and retailers for less than face value.
You'll find gift cards for restaurants, entertainment, travel, and more. Buying discounted gift cards for retailers you usually spend money with is a great strategy to save money on future purchases.
One gift card deal that Costco members can buy is two electronic $50 Uber gift cards for $79.99. You'll get $100 to spend on Uber or Uber Eats purchases within the United States. And the best part is, it'll cost you $20 less than the face value.
I recently purchased this deal and loaded the virtual gift card funds into my Uber wallet. Since I knew I would be using Uber in the coming days, this was an easy way to save money.
Now that I know Costco sells cheaper Uber gift cards, I can continue saving money using ride-hailing services. Thanks to my membership, I'll save $20 every time I spend $100 on Uber. It requires little effort on my part to get a discount, which is a huge win.
Want to know how I saved even more on this purchase? I used a credit card that earns rewards to save even more on this purchase. The right credit card can help you maximize your savings as you earn rewards.Click here to explore our curated list of the top credit cards that offer big rewards at Costco.
This Costco deal will save me $100 annually
I plan to benefit significantly from this gift card deal. I looked back at my Uber transactions for 2024 to get a feel for the savings potential.
These gift cards can be used only in the U.S., so I won't save money when using Uber internationally. However, I reviewed my domestic Uber spending for this year and found that I spent around $500 on Uber rides throughout the last 11 months. That means I could have saved $100 with this gift card deal.
By purchasing a total of $500 in Uber gift cards throughout the year, I would have spent only $400 thanks to my Costco membership. Costco gift card deals like this are worthwhile. Don't ignore opportunities to save money on all your regular expenses by maximizing your Costco membership.
Pay yourself back by earning rewards
Shopping at retailers like Costco is a great way to save money on everyday expenses. In addition to shopping deals like this, take advantage of the chance to earn rewards. Using a rewards credit card to pay for your Costco hauls is an easy way to maximize your savings.
Want to earn cash back when buying gift cards from Costco? Check out our list of the top cash back credit cards to see how easy it is to pay yourself back with cash rewards.
Top credit card to use at Costco (and everywhere else!)
We love versatile credit cards that offer huge rewards everywhere, including Costco! This card is a standout among America's favorite credit cards because it offers perhaps the easiest $200 cash bonus you could ever earn and an unlimited 2% cash rewards on purchases, even when you shop at Costco.
Add on the competitive 0% interest period and it's no wonder we awarded this card Best No Annual Fee Credit Card.
Click here to read our full review for free and apply before the $200 welcome bonus offer ends!
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.Discover Financial Services is an advertising partner of Motley Fool Money. Natasha Gabrielle has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Costco Wholesale and Uber Technologies. The Motley Fool recommends Discover Financial Services. The Motley Fool has a disclosure policy.
