Do you shop at Costco? We do. This post was suggested by our friend Jon. If not, you might be missing out on some amazing deals—and we’re here to tell you why it’s worth considering. For just $65 a year, a Costco membership gives you access to unbeatable prices on gas, groceries, toiletries, and even some surprising luxuries. However, while Costco excels at providing value, its setup can tempt you into splurging on seasonal items and other goodies you didn’t plan on buying. Understanding their pricing system can help you make the most of your membership.
Decoding Costco’s Pricing Tags
Costco’s price tags aren’t just labels; they’re full of clues to help you spot the best deals. Here’s what you need to know:
1. Standard Pricing: .99 Endings
Most items at Costco have prices ending in “.99.” This signifies a standard, full-price item. These are still competitively priced compared to most retailers, but they’re not necessarily discounted.
2. Manager Markdowns: .97 Endings
Prices ending in “.97” indicate a clearance markdown. These items are on clearance or marked down to move inventory, making them excellent deals.
3. Discontinued Items: The Asterisk (*)
If you see an asterisk on a price tag, it means the item is discontinued and won’t be restocked. If you love it, buy it now because it’s your last chance!
4. Special Manager Markdowns: .00 or .88 Endings
Items priced ending in “.00” or “.88” often signify a special manager markdown, possibly due to damage or a return. Always inspect these items carefully but don’t hesitate to snag them if they’re in good condition.
5. Hidden Price Tag Dates
Take a close look at the bottom-right corner of a price tag. There’s a date that shows when the tag was last updated. A tag with an older date (and no asterisk) might mean a further markdown is coming soon.
Price Adjustments and Returns: What You Should Know
Costco’s return policy is famously customer-friendly, but there are a few caveats:
- Price Adjustments: If you purchase an item and notice the price drops shortly after, ask for a price correction at Membership Services. They’ll often honor the lower price or refund the difference.
- Electronics: Returns for electronics must be made within 90 days.
- Diamonds: Returns for diamonds can take 2-5 days to process.
- Final Sale Items: Cigarettes and alcohol cannot be returned by law.
- Warranties and Installation Services: Items with limited warranties or services tied to installation are subject to different policies.
Pro Tip: Don’t abuse the return policy! Costco’s system is designed to ensure satisfaction, not to function as a temporary rental service for parties or events.
Making the Most of Your Membership
Costco isn’t just about saving money on bulk purchases. It’s about shopping smart. By learning the nuances of their pricing system and understanding their policies, you can maximize the value of your membership and avoid unnecessary spending.
