The Offer
The Fidelity 2% card from Elan just sent out an email offer:
- Buy Costco membership (costs $60) with your Fidelity credit card and get a $40 statement credit.
- As an added bonus, when you present your certificate at your local Costco and sign up for auto renewal of your membership at the time of sign up with your Fidelity Rewards Visa Signature Card, you will receive a $20 Costco Cash Card by mail.
The Fine Print
- Valid for new Costco memberships only. To qualify as a new member, an existing Costco membership must be expired for 18 months or more. Not valid for renewal of an existing Costco membership or an upgrade of an existing membership to an Executive Membership.
- New Costco members must be 18 years of age or older.
- All memberships must be purchased between April 1 and April 30, 2019.
- Costco Membership Activation Certificates are vaild in the U.S. and Puerto Rico.
- Please allow 6 to 8 weeks after your certificate purchase to receive the statement credit. The statement credit will be posted to your Fidelity Visa card. Account must remain open and in good status until the credit is posted to your account.
- New members will receive the $20 Cash Card by mail within 4 to 6 weeks when auto renewal is setup at the time of signup. Costco Cash Cards are not redeemable for cash, except where required by law.
Our Verdict
Pretty nice way of picking up essentially free Costco membership. U.S. Bank sent out a similar type of offer on their Flexperks card back in February. I believe we’ve seen the $20 gift card offer from Costco for auto renewal before. If you don’t want it to auto renew, set yourself a reminder to change the auto renewal status after the bonus is reached.
