Basically the $60 fee is the cost to be a member of costco. The benefits of being a member is that u can shop and get there discounts on top of the lower cost of store items. Things at costco are sold in bulk which is cheaper if u compare it with the same item at a regular store. For instance if u buy peanut butter in a regular store a jar may cost $5.00 for a 12 oz jar. In costci ur able to get 2 lbs of peanut butter for $7.00 see the difference. You get more for your money and various items have store discounts. So you get more for less and that's what you get for your $60.00 membership fee. I hope that helped.
The below statement is accurate
If you get a Citibank visa Costco card there are additional benefits. We regular membership you get 1% of each total purchase or 2% if you are a executive member. Once a year Costco send you a voucher that you can spend or redeem at Costco, thus reducing or covering the cost of your membership.Additional benefits if you apply for a Citibank Costco Visa card.
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