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The plan is that our members will find savings in the service, and switch if they save money, then on top of that our Executive Members will save even more. Services Manager, explains that after years of building up Costco’s presence and working on a value-packed range of services, the Australian market is finally ready. "The Executive program is standard across the world, but our suite of services is unique because we've designed it with Australians in mind,” she says. “Anyone who knows the value it delivers in our sister countries understands how exciting it is to have it in Australia.” 12 | JUL/AUG 2023 COSTCO CONNECTION The overarching benefit of Executive Membership is the two percent annual reward: members can earn up to $1000 back on their purchases depending on how much they spend within the year. “Consider two percent of the price of items you're planning to purchase,” Belanger explains. “For example, if you'te looking for a new vacuum cleaner and find Costco has the lowest price on the model you're after, keep in mind that you'll get a two percent reward on top of that." Members earn with every shop, although there are exclusions: the membership fee, fuel, bullion, Shop Cards, food court items, donations and GST. Savings are shown at the bottom of each receipt and total accrual can be tracked in the Costco app. Ten days before membership expiry, members will be able to use their reward — which can be accessed directly from the register. The new suite of Costco Services is available to all membership holders, but Executive Members receive additional benefits. "We thought: What are the bills
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