What happens to your Costco credit card if you cancel your membership? 

Costco is just a warehouse where customers can pick various branded items at cheaper prices. Not only that, but with Costco membership the customers get to earn rewards which could be further redeemed with Costco. This blog is about one of the common questions about what happens to your Costco credit card if you cancel your membership. 

Costco has a close tie-up with CitiBank and hence all the Costco Citi credit cards are issued by Citi Bank 

What happens to your Costco credit card if you cancel your membership? 

Your Costco Citi credit card will automatically get cancelled whenever you cancel your Costco membership. You will be notified through email about your Costco credit card cancellation. 

Any mustered cashback rewards or credit card reward certificate will automatically be nullified. 

There will be no extra cancellation charges imposed on your Costco credit cards in case you cancel your Costco membership anytime. 

What happens to your Costco credit card if you fail to renew your Costco membership? 

Your Costco membership account would be still active for 3 months/90 days from your membership expiration date. Hence, your Costco credit card will be available for use during this period but you will be only able to claim your rewards after you renew your Costco membership. 

Failure to renew your Costco membership will result in the cancellation of your Costco Citi credit card, immediately after the completion of the grace period of 90 days. 

Any cashback rewards collected on your Costco Credit cards will be usually automatically cancelled. 

What happens to the Costco Credit Card if the membership expires? 

Costco Credit cards are tightly coupled with the Costco memberships. Their core existence is to provide exclusive facilities and offers to Costco members. 

Your Costco membership is likely to expire if you fail to renew them. So when the Costco membership expires, so does your Costco credit card get automatically cancelled. 

You will have to immediately clear your due credit amount in such cases. 

The above policies are likely to change with time, so it is always advisable to confirm raw information by directly contacting Costco/Citi Bank

Costco Customer care – 1-855-378-6467 (for consumer cards)/ 1-855-378-6468 (for business cards) 

Costco Citi Bank Customer Care – 1-800-347-4934 

Can Costco cancel my Costco Credit card? 

Costco credit cards are affiliated with the Citi cards. Hence your transaction will be closely monitored by CitiBank. 

Citi Bank possesses all the rights to cancel your Costco Credit cards if, 

• The customer fails to repay the credit amount. 

• The customer’s Costco Citi Credit Card account is hacked. 

• The sudden demise of the cardholder. 

• The Costco membership expires. 

• Any Fraudulent activities suspected. 

Frequently Asked Questions | FAQs : Costco Memberships

How much does it cost to cancel a Costco membership? 

Most people wonder if they could cancel their Costco membership for free. Yes, the Costco membership can be cancelled for free and you will be refunded 100% of your money back due to Costco’s satisfaction guarantee policy. 

You can cancel your Costco membership and get a full refund of the membership amount anytime. 

It’s very seldom that people cancel a Costco membership because usually, it’s a win-win game for customers by signing up for the Costco membership. Most people cancel their Costco membership because they are moving to some other place where Costco warehouses aren’t available, which is again the least scenario. 

Can Costco cancel my membership? 

Yes, Costco reserves all the rights to cancel your membership under circumstances where there is the death of the member or if they find you abusing the membership policies and rules. 

How much is the Costco renewal fee? 

There is no extra renewal fee levied while reviving your Costco membership. You just have to pay the original Costco membership fee and taxes. 

In case you forgot to renew your Costco membership or haven’t signed up for auto-renewal, your membership will be automatically added to the cart along with your first purchase post-expiration date. 

How much is a Costco membership and how does it work?

What is the cheapest Costco membership? 

As of 2024, the cheapest Costco membership is the Gold Star Membership which focuses more towards giving the best everyday value to their members by helping them save more. 

The Costco Gold Star Membership annual fee is $ 60/year plus taxes. 

How to cancel my Costco membership? 

There are 2 ways to cancel your Costco membership 

Offline by visiting nearby Costco Warehouse – 

Carry your photo ID and Costco membership card with you Only the primary membership holder can cancel the Costco membership. 

Once you are at the warehouse, the Costco team members will direct you to their Membership counters 

Submit your photo ID and Costco membership card. It’s important to validate your identity before your membership is cancelled 

Cancel Costco membership on the phone – 

Dial the Costco Customer Service number at 1-800-774-2678. This mostly could be the automated process. 

Choose your options to select Cancellation of Costco membership. 

Follow the instructions and input the 12-digit membership number from your card. You will also have to answer a set of security questions to validate your identity before confirming the cancellation.