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Costco Boosts Gas Cashback to 5% for Members

1/19/2026

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Summary

Story summary

Costco Wholesale Corporation has raised gas cashback to 5% for holders of its Costco-branded credit card.
The 5% gas reward applies only to Costco gas.
Cardholders earn 3% on restaurants and travel, 2% on Costco purchases, and 1% on other spending.
Ron Vachris, CEO of Costco Wholesale Corporation, emphasized protecting member value.
Costco is speeding checkout with technology and has tightened membership checks to restrict non-members.

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Story summary

Costco Wholesale Corporation has raised gas cashback to 5% for holders of its Costco-branded credit card.
The 5% gas reward applies only to Costco gas.
Cardholders earn 3% on restaurants and travel, 2% on Costco purchases, and 1% on other spending.
Ron Vachris, CEO of Costco Wholesale Corporation, emphasized protecting member value.
Costco is speeding checkout with technology and has tightened membership checks to restrict non-members.