April 9, 2016

How to Earn 5x This Quarter at Costco

Chase has offered some phenomenal deals on their no annual fee Freedom card over the last 6 months.  In Q4, the 5x bonus category was Amazon which provided for some great pre holiday shopping opportunities.  Even better, they provided 10x points for a 6 week period at Amazon.  That is a 20% return (10x the 2 cent value for Chase Ultimate Rewards points) assuming you carry the Freedom and Chase Sapphire Preferred Cards.  That was an easy 15,000 (10x $1,500) bonus Ultimate Rewards points which could then be transferred to United, BA, or Hyatt (among others).



On the surface, the 5x quarterly bonus at grocery stores, BJ's, and Sam's Club isn't that exciting.  Yes, you can buy gift cards at grocery stores and liquidate them, but that's a lot of work.  Sure, you'll get 5x points on your grocery spend but our quarterly grocery bill for two isn't going to hit the $1,500 quarterly max.

Well, via OMAAT, it seems that Costco.com will count towards the 5x bonus!  While Costco physical locations do not take credit cards other than American Express, Costco.com will accept Visa.  This means you can purchase all sorts of items (similar to the Amazon promo) and you'll receive 5x points.  We are in the market for some outdoor furniture and Costco.com actually has a pretty great selection.  5x points is essentially a 10% rebate on what is already a discounted price.

I haven't tested this personally but plan to make a Costco.com purchase this weekend.  I'll report back on my own results once the transaction settles.

2 comments:

  1. It works. Purchased a $500.00 Costco Cash card last week. I double checked my "more activity" detail in the Ultimate Rewards site today, and there are 2500 bonus points slated to hit my account after the close of the billing cycle.

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  2. @Anonyous awesome. Thanks for commenting and for reading.

    -Evan

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