Costco shoppers can still claim up to $60 back on everyday P&G goods, but a strict two-card limit may stop members from cashing in again.
Costco partnered with Procter & Gamble on a limited Shop Card offer for U.S. members who bought qualifying household brands. Spend $100 on eligible products and you can request a $25 Costco Shop Card. Hit $200 and the card jumps to $60.
The catch is simple. Each customer is capped at two cards. That limit is the detail that can block members who already filed once and hoped to go back for more, The Sun reported.
The spending window ran from August 24 through September 20. Shoppers who bought during those weeks still have time to file. Online receipt submissions and mailed claims both run through October 31, with mail entries needing a postmark by that date.
Members can bundle multiple receipts. Totals count after discounts and before taxes and shipping. The offer covers qualifying Procter & Gamble products purchased in the United States by Costco members.
Return the goods that earned the rebate and the Shop Card side of the deal is void. The two-card rule is per customer, so heavy stock-up runs do not unlock endless cards.
That structure rewards a focused trip, not an open-ended chase. Families who planned around the $100 and $200 marks can still finish the paperwork. Shoppers who treated it like an unlimited loop hit the wall.
The same reporting wave carried Costco’s broader expansion pitch. The company has 26 locations planned for 2026, including at least 10 over the holiday season, and has discussed a longer-run target near 30 openings a year.
CEO Ron Vachris used the September 24 fourth-quarter earnings call to lock in the next step. He said the current plan is to open another 33 warehouses in fiscal year 2027.
Five of those will be relocations, leaving 28 net new warehouses. Vachris pointed to fresh U.S. markets and argued the buildings pay off when they pull in new members, a theme that also shows up in coverage of Costco’s fiscal 2027 warehouse plans.
"Our current plan is to open another 33 warehouses in fiscal year 2027,"
Vachris said on the call. He added that Costco still sees room to grow in places such as Buffalo, New York, and Lawrence, Kansas.
"We continue to see significant opportunities for new warehouses [and] growth, including new US markets like Buffalo, [New York], and Lawrence, Kansas..."
He tied the bet to membership, not press releases.
"We’re confident in the return on investment in all the buildings we open, with new markets bringing more new members."
Demand at new sites has already made news elsewhere, including a new upstate New York Costco that drew heavy presale membership interest before opening day.
Vachris also addressed early tariff refunds. Costco took in initial refund money in the fourth quarter and put part of it back in front of members through lower prices in the second half of the quarter.
"As shared in our earnings release, we received some initial tariff refunds in the fourth quarter, and we reinvested some of these dollars to give value back to our members,"
He said the cuts hit everyday items plus produce, meat, beverages, and some non-food categories such as home furnishings and hardware. Separate reporting has tracked how Costco steered tariff refunds into lower member prices rather than letting the money sit on a slide deck.
The wider refund picture is large. U.S. Customs and Border Protection had received more than 252,000 refund applications by July 31. More than 40 S&P 500 companies reported roughly $9.6 billion in refunds over recent months, with Apple near $2.2 billion and Nike at $986 million in figures cited from the Wall Street Journal.
Costco is also among retailers facing consumer lawsuits that seek a share of those refunds. Case dockets and outcomes were not laid out in the available reporting.
Even with targeted cuts, grocery inflation has not vanished. Beef and veal prices were up 9.4% over the past year in the figures tied to the same coverage, with cattle shortages, drought, fuel, and fertilizer costs all in the mix via NerdWallet’s read of the pressure.
That is why a time-boxed P&G rebate still matters to membership households. A $25 or $60 Shop Card does not rewrite the meat case. It does claw back cash on soap, paper, and other staples if the receipts are clean and the claim lands on time.
Club retail remains a fight over fees, traffic, and proof of savings. Sam’s Club’s cheaper membership pitch is one more reminder that warehouse shoppers compare real out-of-pocket costs, not slogans.
Costco’s offer is straightforward on the page and tight in the fine print. Buy the right P&G goods in the August 24, September 20 window, keep the receipts, file by October 31, and respect the two-card ceiling.
Members who read the limit before they built the cart keep the value. Members who ignored it learn again that warehouse deals reward attention, not assumptions.