2% annual reward on most Costco purchases, up to $1,250

Executive Members earn a reward of about 2% on most pre-tax purchases at Costco warehouses in Canada and the US, on Costco.ca and on travel booked directly with Costco Travel. The reward comes as a coupon with your membership renewal notice, and you can spend it on most merchandise at any Canadian Costco warehouse.

Conditions: Capped at $1,250 in any 12-month period. Only purchases by the Primary and Household cardholders count, and only the Primary member can redeem the coupon, at front-end registers in Canadian warehouses. It can't be used online, at gas stations, food courts or pharmacies, or on services or travel. Earning excludes tobacco, prescriptions, gasoline, food court items, Costco Services, membership fees, Shop Cards and gift certificates, taxes, deposits and levies, tire installation fees and other listed items. Quebec also excludes pharmacy and optical items, and Quebec and Nova Scotia exclude liquid milk and cream. Costco Travel rewards are applied after travel is completed, and you must be an Executive Member when travel starts. Executive Membership costs $130 a year, or $65 to upgrade, prorated; purchases made before you upgrade don't count. Not replaceable if lost or stolen and no cash value.