Does Costco Do Cash Back? (Limit, How-to, Credit Cards, & Checks)

Getting cash back is one great way to withdraw money from your checking account. It’s best because you will be avoiding the ATM fee when you get cash back at a store like Costco.

But, what’s not so great is the fact that not every retail store offers cash back. Let’s see in this article if Costco does cash back or not? If it does, how much does it allow to get?

Does Costco do cash back in 2021?

Yes, you can get cash back at Costco using your debit card. Costco’s cash back limit is $60 which is the maximum you can get in a day when you shop at Costco & pay with your debit card.

How to get cash back at Costco?

To get cash back at Costco-

  1. Find a Costco Warehouse near you
  2. Visit the store
  3. Fill in your cart with items you wanna buy
  4. Go to the self-checkout counter/machine
  5. Place your Costco Membership Card on the scanner
  6. Now, scan the items in your cart
  7. Insert your debit card to pay
  8. Enter your card PIN
  9. Follow the on-screen prompts
  10. Choose cash back when asked
  11. Select a cash back amount
  12. Withdraw the cash
  13. Remove your card
  14. Take the receipt & walk out!

That’s it! These are the steps you need to follow in order to get cash back at a Costco location. Note that some warehouses may not offer cash back at self-checkout counters.

In such a case, simply walk to the cashier and ask for cash back & he/she will assist you in getting cash back!

Costco Cash Back Limit

How much cash back does Costco give?

The maximum cash back amount you can get at Costco is $60. However, this cash back limit varies from store to store depending on the cash availability.

So, it’s better to ask a Costco cashier directly if the store offers cash back & any limits!

How many times can I get cash back at Costco?

Costco allows you to get cash back as many times as you want. So, there’s no such limit on the number of times you try to withdraw money.

But, remember that your bank will have a limit on this definitely. For example, many popular banks have a daily withdrawal limit of 5 times per day.

However, if you are using an online bank like Chime, there will be no such limits!

Can I get $5 cash back at Costco?

Most cash back locations like Costco, Walmart, Kroger, etc don’t let you withdraw $5. The common minimum cash back amount is $20 at almost every retail store.

If you want to know whether Costco offers $5 cash back or not, it’s best to ask a Costco executive or customer support team about the same.

Can you get cash back at Costco using a credit card?

No, Costco doesn’t allow you to get cash back when you pay with a credit card. This is because cash back is just like withdrawing money from your checking account which is only possible with a debit card.

However, some stores like Walmart give cash back even when you shop & pay with credit cards (Discover Card Only). Talk with a Costco store executive to know whether Discover cards are accepted for getting cash back.

Note that some banks treat cash back as a cash advance when you swipe your credit card to pay!

Does Costco give cash back with checks?

No, Costco doesn’t accept checks for cash back. The only accepted payment method to get cash back at Costco is debit cards (Visa, American Express, Mastercard, etc).

And moreover, when you use a personal check to pay at Costco, it should be pre-printed with your name & address and you’ll also need to provide a government-issued ID like a driver’s license or passport.

However, you can’t get cash back using a check at Costco!

Can you get cash back with Costco Shop Cards?

Costco Shop Cards are not allowed for getting cash back at Costco. The balance on your shop card can only be used for purchasing items & not for withdrawals.

These Costco shop cards give temporary access to non-members to shop at Costco stores across the U.S. This type of card is generally given to you when you ask for a return & refund.

Can I get cash back using Chime SpotMe at Costco?

Yes, you can use Chime SpotMe to get cash back at Costco stores. All you need is your Chime debit card and the SpotMe option enabled on the mobile banking app.

To get cash back at Costco using a Chime card-

  1. Visit a Costco warehouse
  2. Shop for anything
  3. Go to the cashier counter
  4. Get the items scanned
  5. Hand over your Chime card
  6. Ask for cash back
  7. Enter your debit card PIN
  8. Select your cash back amount
  9. Pay for the items
  10. Take the cash
  11. Don’t forget to take the receipt!

This is how to withdraw money from your Chime account at Costco. Please note that SpotMe is an overdraft service that gets activated only when your Chime spending account doesn’t have the balance you requested.

Conclusion: Costco Cash Back

Costco does cash back and it has a cash back limit of $60 per transaction. So, each time you pay with your debit card, you can get up to a maximum of $60 to withdraw. You cannot use credit card and checks in order to get cash back!

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