The Offer
- Navy Federal Credit Union is offering a $60 statement credit when you use your Navy Federal visa debit or credit card to purchase a Costco Membership Activation Certificate.
- Looks like the offer is targeted as it says ‘Exclusive Offer for select Navy Federal members’. Subject line is “Get $60—New Costco Membership Offer”
The Fine Print
- Offer for new Costco memberships only.
- New Costco members must be 18 years or older.
- Quantities are limited and are available on a first-come, first-served basis.
- Valid through Nov. 25, 2017 or until the limit is reached, whichever comes first.
- In order to qualify for the Costco Membership $60 Statement Credit Offer, you must purchase the Costco Membership Activation Certificate using your Navy Federal Debit Card or Visa Rewards Credit Card.
- The maximum statement credit applied will be $60.
- Please allow up to eight weeks after the end of the offer period to receive the $60 statement credit in your Navy Federal checking account or to be posted to your Navy Federal Visa Rewards Credit Card account.
- This offer is valid only for new Costco members for their first year of Costco membership at any U.S. or Puerto Rico Costco location.
- To qualify as a new member, an existing Costco membership must be expired for 18 months or more.
- Offer not valid for renewal of an existing Costco membership or an upgrade of an existing membership to an Executive Membership.
- Costco Membership Activation Certificates are valid for a new Costco Gold Star, Business or Executive Membership. Costco Membership Activation Certificates are not replaceable if lost, stolen or destroyed.
- To activate your Costco membership, you must bring your Costco Membership Activation Certificate to your local Costco membership counter.
- New Costco members are required to present valid government-issued photo identification prior to completing the membership process.
- Recipient is solely responsible for any personal tax liability arising out of the acceptance of this statement credit incentive.
- Limit one offer per household. Credit Card Only: Account must be open and not in default at the time the credit is posted to our account.
- Excludes Navy Federal Business and Home Equity Line Platinum credit cards.
Our Verdict
Good deal if you’re targeted, works out to be a free membership. A lot of people will already be members or have been members in the last 18 months and in that case you won’t be eligible. Read more about NFCU credit cards by clicking here.
Hat tip to reader Robert
View Comments (8)
I wasn't targeted. I got the credit. Never contacted customer service.
10/30 - Purchased membership for $60
12/4 - Received credit for $60
It doesn't say its specifically for the Costco promo, but that was the only time I have ever used the debit card associated with this account and I don't have any non-automated ongoing transactions so I don't see what else it could possibly be.
Only went to Costco on the day I activated my membership so far. Not all that impressed.
I received the credit. I never had a targeted email either. I did not even have to contact NFCU for the credit.
Received my $60 credit!
@SuitCase - it was pretty clear the offer was targeted IMO; those that jumped in with no email were rolling the dice. Glad it worked out for you!
So this ended up being a bit of a mess — it turned out that this was absolutely a targeted offer, and seemingly everyone who signed up assuming their NFCU card was eligible was told “nope, you had to get the promo email”.
I made the purchase anyway, and sent them a message asking if I’d get the reimbursement, and got the same response. I figured “what a pity”, but lo and behold, today I see “COSTCO MEMBERSHIP CREDIT PROMO” on my statement with a $60 credit.
Initial charge was 10/28/2017, credit posted 11/30/2017.
Hope everyone else who was disappointed by this one gets a similarly nice surprise on their statement. Maybe it wasn’t actually targeted, or maybe they just decided to automatically credit everyone who tried to use the offer.
Wonder if I can use this if not targeted. Nothing on the link says otherwise and I have Navy Fed visa. Mulling whether to try.
I'm a second cardholder on a Costco membership. Would that nullify getting this deal?
i got the email but my membership expired 12 months ago so i would not be a new member . on the link there is also an option to" Buy two Costco Membership Activation Certificates to join as a new Executive Member. Receive an annual 2% Reward* (up to $1,000) on qualifying purchases at Costco and Costco.com." the cost is $120 and they will give you a $60 credit
I received the targeted email signed up takes 8 weeks to receive the statement credit.