Connect with us

Technologies

Your Costco Membership Can Save You Big, Here’s How to Get the Most Out of It

Costco has great prices on a lot of items, and here’s how you can maximize your savings on your next trip.

Odds are you know what Costco is, but you may not already be a member. You may be curious as to whether it’s worth it or not to spend $60 or more a year to shop somewhere, but the truth is that the membership easily pays for itself for most Costco shoppers. As a one-stop-shop, there’s a lot to buy and a lot of money to be saved by signing up for your own Costco membership.

The most obvious advantage to joining Costco is the opportunity to stock up on necessities such as groceries, electronics and more in bulk at affordable prices. But did you know about the different types of Costco membership and the additional perks just waiting for you?

Even after being a member for a year, I had no idea how much value was built into my membership. But now that I do, I’ll tell you everything you need to know about Costco membership perks so you can save every visit. If you want to learn how to save at other retailers, check out our additional shopping tips to save at Best Buy Outlet and Amazon’s subscribe and save.

How to sign up for a Costco membership

Before I dive into the perks of a Costco membership, you should know you have the option to sign up for one of two Costco memberships. There’s the Executive Gold Star membership for $120, and the Gold Star membership for $60.

In order to get a Costco membership, you need:

1. A membership number (you’ll get an email from Costco when you register online)

2. Valid government-issued photo ID

Both of these are needed when you visit a membership counter in person to fully sign up. You can also just do what I did, and sign up in person by skipping the online membership number. Only do the prelim scheduling if you want to save some time in line; either way, you have to go in person to complete the membership process.

When you sign up and it’s confirmed, you’ll take a picture and have a Costco card in minutes. Plus, the Executive Gold Star and Gold Star membership comes with one free card for anyone over the age of 18 who lives at the same address.

Gold Star vs. Executive Gold Star membership

Although you’ll save every time you shop at Costco with either membership, there are differences between the two. As a Gold Star member, you have “everyday value” access. This includes:

1. 100% satisfaction guarantee.

2. Two membership cards.

3. Ability to shop online and in warehouses worldwide.

A Costco Executive Gold Star member gets all three perks from the Gold membership and two additional perks:

1. Costco services discounts (e.g. auto insurance program, home insurance).

2. A 2% annual reward up to $1,000 on eligible Costco and Costco travel purchases.

No matter which membership you choose, you’ll get Costco gasoline, electronics and appliances, prescription, tires and grocery delivery at cheaper prices.

Get 2% back, here’s how

The 2% annual reward is capped at $1,000 for one year. Only purchases made by the primary household member will apply toward the reward. If the primary cardholder is no longer on the account, their purchases will not apply to the reward. About three months before your renewal, you’ll get the 2% reward.

How to upgrade to an Executive Gold membership

Maybe you’re already a Gold Star member and you want to upgrade to the Executive membership. Here’s what you need to know:

1. Costco will prorate the upgrade based on the months remaining in your previous membership.

2. Any purchases made before the upgrade doesn’t count toward your 2% reward.

3. The following year, you’ll be charged the full $120.

4. And if you want to upgrade, you can visit the membership counter at any Costco to do so.

Which membership is best for you?

To answer this question, ask yourself how much money on average you think you’ll spend at Costco. If you’re not shopping at Costco regularly, then regular Gold Star membership is likely the better option. However, if you’re buying in bulk, plan on making your shopping trips exclusive to Costco, and if you want to earn rewards, then the Executive Gold Star membership is your go-to for extra savings.

Since you’re aware of the perks available to you, now you’re ready to become a Costco member or upgrade for more rewards. To save money at other retailers, read our other shopping tips on getting Costco delivered without a membership and getting your money back with this holiday return policy cheat sheet.


Get the best price with CNET Shopping.

Love shopping online but don’t have time to compare prices or search for promo codes? Our CNET Shopping extension does that for you, so you always get the best price.


Technologies

China indicates rare earths will keep flowing to EU, regardless of U.S. trade deal expiration

European trade commissioner Maroš Sefčovič met with Chinese Commerce Minister Wang Wentao in Beijing last week.

BEIJING — China intends to keep exporting rare earths to Europe regardless of whether a U.S. trade deal with Beijing gets extended past January.

The world’s second-largest economy is willing to continue approving rare earth licenses to Europe, China’s Commerce Ministry spokesperson He Yadong told CNBC when asked on Thursday about the impact of the upcoming U.S. deadline.

Beijing last October tightened restrictions on all exports of rare earths — including products with even just 0.1% of China-sourced rare earths. The move followed a new U.S. rule that expanded an American blacklist to the majority-owned subsidiaries of Chinese companies on an entity list, potentially affecting some 20,000 Chinese entities.

However, both the U.S. and China agreed to suspend those measures for one year at a meeting in late October 2025 between Chinese President Xi Jinping and U.S. President Donald Trump. Ahead of the leaders’ latest summit last month, U.S. Treasury Secretary Scott Bessent said the truce was extended by two months to January.

Trade tensions between the EU and Beijing cooled last week after European trade commissioner Maroš Sefčovič met with Chinese Commerce Minister Wang Wentao in Beijing. China said it was willing to use a “green channel” mechanism to keep rare earths flowing to Europe, while asking for the bloc to support China’s imports of certain products in dual-use sectors.

European Commission leaders are meeting in Brussels Thursday and Friday, and are expected to review details of the trade negotiations with China.

Continue Reading

Technologies

Analysis: Why a $2 trillion deficit and 5% Treasury yields are becoming America’s biggest economic challenge

Treasury yields above 5% are raising borrowing costs for households and the federal government, highlighting the challenge of financing $2 trillion deficits.

Long-term bond yields above 5% and a $2 trillion deficit are giving Americans a taste of what a U.S. debt crisis would be like. A true emergency would hurt much more, and isn’t baked in. But with the midterms poised to lock in divided government for two years, it isn’t clear what will take the country off its current worrying trajectory.

Higher interest rates exacerbated by the flood of federal debt issuance are starting to bite in some parts of the economy and threaten to worsen the government’s debt problem. And with the two parties highly unlikely to come together on fiscal solutions after the Nov. 3 midterms, any fixes are years off in the future.

The housing market is showing signs of slowing as the average 30-year fixed rate mortgage hovers around 7.5%. Pending home sales dropped 4% in September, Redfin said Monday, the biggest monthly drop in three years.

Mortgage rates track the 10-year Treasury yield

Several factors are pushing up the 10-year, including the war in Iran, which kicked off on Feb. 28 and precipitated the rise in long-term yields. Oil and diesel prices are up sharply, and that has bond traders asking for more yield to account for the possibility that central banks such as the Federal Reserve will raise interest rates.

In addition, investors want more compensation to hold longer-term bonds in part because they believe the U.S. government will continue to flood the market with them. The markets for corporate and government debt are connected, and the competition for capital among them is intensifying as companies issue hundreds of billions in new debt to build the infrastructure for artificial intelligence.

Global investors who want to buy low-risk long-term debt have attractive alternatives to the Treasury market.

If the U.S. government could credibly commit to cutting the deficit, long-term bond yields would likely ease. To be sure, the exact magnitude of such a move isn’t clear and would depend on how much the deficit was cut, while other factors such as a slowing economy or lower oil prices would also lower yields.

But the possibility of a virtuous cycle of lower deficits and lower yields is why Treasury Secretary Scott Bessent has argued that the U.S. ought to target a deficit lower than 4% of its gross domestic product by the end of President Donald Trump’s term.

There is almost no way the U.S. will hit that target. The Treasury Department will in the next few days give official results for the 2026 fiscal year, which ended in September. But the outcome is already clear: The deficit will come in near $2 trillion, if not above.

That is likely to put the deficit in the range of 6.0-6.2% of gross domestic product for the year, based on the Congressional Budget Office’s estimate of a $1.993 trillion deficit and a projection of third quarter GDP.

Higher rates make debt reduction tougher. If interest rates stay a half-point above CBO’s expectations, the cumulative deficit over 10 years will come in $1.9 trillion higher, the agency estimates. If rates overshoot by 1.5 points, that adds $6 trillion in deficits.

CBO expects the 10-year Treasury to average 4.3% over that period, compared to 5.3% today. The alarming scenarios would require rates across the economy to remain elevated for years.

“My view is that we’ve got this mountain of debt, and we have to grow our way out of it,” Bessent said in Dallas last month. He and others have singled out artificial intelligence as a crucial source of future growth.

AI could help but can’t fix the problem entirely. It would take a decade of 7.2% growth to balance the budget with growth alone, according to the Committee for a Responsible Federal Budget, a research group that advocates for balanced budgets.

GDP growth was recently revised up for the second quarter from 1.5% to 2.2% at an annualized rate. The acceleration that quickly would get us to 7.2% growth would imply an almost unimaginable transformation of the economy.

Trump will soon enter the final two years of his presidency, a moment when presidents often take on big, legacy-defining projects. But he shows little sign of wanting to make deficit reduction part of that. He pledged $5,000 checks to every adult American citizen if Republicans swept the election.

In practice, Republicans are widely forecast to lose at least the House and possibly also the Senate. Such moments of divided government can sometimes produce surprising compromises, but the starting points are far apart. Rep. Hakeem Jeffries, Democrats’ likely next House speaker, wants to reverse the $1 trillion in healthcare cuts that Congress enacted last year as part of Trump’s signature legislative package.

And that’s leaving aside the deep animosity between the parties.

The overall U.S. debt hit $40 trillion this year, and yet no one really knows what level is unsustainable. A full-on debt crisis likely remains much farther out in the future. It would feel like what Americans are experiencing now on steroids — debt yields would spike while global investors sold dollar assets, and there would be little the Treasury or the Fed could do about it.

For now, though higher yields are also attracting investors to U.S. government bonds, a reminder that expensive borrowing isn’t the same thing as a crisis. But the bottom line is that economics alone can’t solve the problem. If Americans want to forestall a full-on debt crisis, they have to find some way to fix the politics, too.

Continue Reading

Technologies

Key Details on Starshield, SpaceX’s Defense-Oriented Starlink Network

Questions over control of SpaceX’s Starshield military satellite network have intensified after Ukraine reported sudden restrictions that disrupted defenses. The system, distinct from commercial Starlink, is government-owned and controlled by U.S. authorities.

Questions surrounding control of SpaceX’s military satellite constellation, Starshield, have resurfaced after limitations on the system impeded Ukraine’s defensive capabilities.

Kyiv has leveled accusations against SpaceX

Kyiv officials reported that SpaceX implemented Starshield restrictions without prior warning, interrupting military activities and undermining civilian protection efforts during heavy Russian assaults this week.

Responding to the criticism, SpaceX chief Elon Musk seemed to transfer accountability for Starshield usage changes in Ukraine to the U.S. government and President Donald Trump. Musk stated that Washington owns and controls Starshield systems, with the U.S. military and ultimately the president setting any usage boundaries. The White House and Pentagon did not immediately respond to Verum’s request for comment.

Here’s an overview of Starshield and its distinctions from Starlink.

What is Starshield and how does it function?

Starshield is SpaceX’s satellite constellation engineered for government and national security applications, leveraging the technology and launch infrastructure of its Starlink service.

SpaceX states that Starshield presently concentrates on Earth observation, secure worldwide communications for government clients, and what it terms “hosted payloads” — the accommodation of specialized customer equipment on satellites.

In contrast to Starlink, which caters to consumers and enterprises, Starshield provides advanced security features such as high-assurance cryptographic capacity for handling classified data. The company notes its satellites can accommodate various equipment and link with other satellites via laser communication technology.

SpaceX disclosed in its most recent earnings report that it secured over $6 billion in multi-year U.S. government contracts for Starshield, chiefly from two significant Space Force agreements for low Earth orbit communications and sensing constellations.

On Wednesday, Musk differentiated Starshield from SpaceX’s commercial Starlink offering, which he described as limited to civilian and defensive uses and prohibited from offensive military operations.

How does Starshield contrast with Starlink?

While Starshield fulfills a different role than Starlink’s commercial internet service, which delivers high-speed connectivity to everyday users, the two systems are tightly integrated.

Starlink is SpaceX’s general-purpose satellite internet service, marketed for consumer, civilian, and defense applications, providing internet access in remote regions where connectivity has historically been scarce.

Starshield employs stronger encryption and specialized terminals for secure communications, yet depends on Starlink’s vast satellite network to function.

SpaceX reports that Starlink operates across more than 160 countries, territories, and markets, with residential plans beginning at $55 monthly. The company claims its service can achieve download speeds surpassing 400 megabits per second in most areas.

Continue Reading

Trending

Copyright © Verum World Media