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Exclusive Costco Member Benefits

Your ExclusiveCostco Loan Partner

As Costco's exclusive finance partner, we offer tailored loan solutions PLUS Costco Shop Cards for Executive Members on settled loans! Terms and conditions apply.

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Executive Member Benefit

What is the Costco Shop Card?

The Costco Shop Card is a digital gift card that works just like cash at any Costco warehouse or online at Costco.com.au. Costco passes on the referral commission to eligible Executive Members in the form of a Costco Shop Card.

How It Works:

  1. Apply for a loan with your valid Costco Executive Membership number
  2. Settle your loan with our help
  3. Receive your Shop Card via email within 90 days of settlement
  4. Shop at Costco using your Shop Card like cash!

No Expiry Date

Use it whenever you want

Digital Delivery

Sent directly to your email

Any Purchase

Use on any Costco product

Important: You must be a Costco Executive Member at the time of application and when the Shop Card is issued. The Shop Card value is based on your actual loan amount (excluding offset, redraw, or undrawn amounts).

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Our Services for Costco Members

Comprehensive loan solutions with exclusive member benefits

Home Loans

First home buyers, next home, refinancing, or investment properties

  • Low deposit options
  • Competitive rates
  • Fast pre-approval

Car & Asset Finance

New or used vehicles, equipment, and business assets

  • Flexible terms
  • Quick approval
  • Trade-in assistance

Business Loans

Commercial property, working capital, and business expansion

  • Tailored solutions
  • Expert guidance
  • Growth support

Personal Loans

Debt consolidation, renovations, holidays, and more

  • Fast approval
  • No hidden fees
  • Flexible repayments

Calculate Your Shop Card Value

See how much you could earn on your Costco Shop Card

$

*This is an estimate. Actual Shop Card value may vary based on final loan amount.

Costco Member FAQ

Costco Shop Card — Frequently Asked Questions

Everything Costco Executive Members ask about earning a Shop Card on a settled loan

You must be a current Costco Executive Member both at the time you apply for your loan and when the Shop Card is issued. The Shop Card is only paid on loans arranged by Manage Your Loans that are approved, settled, and drawn down.

The value is based on the actual drawn-down amount of your settled loan. Residential and commercial mortgages earn $200 per $100,000 bracket up to a maximum of $4,000. Car, asset, and personal finance use a separate scale. Use the calculator above for an estimate — your final Shop Card is based on the drawn-down loan amount at settlement.

The drawn-down amount is the portion of your approved loan that has actually been used. Funds sitting in offset accounts, redraw facilities, or amounts that have not been drawn are excluded. For example, a $600,000 loan with $60,000 in offset has a drawn-down amount of $540,000, and your Shop Card is calculated on the $540,000.

The Costco Shop Card is delivered electronically as a digital card via email from the Costco Services Team within 90 days of your loan settling. It has no expiry date and can be used like cash at any Costco warehouse or online at Costco.com.au, but it cannot be exchanged for cash.

No. There is no cost to you for using a Manage Your Loans broker, and the Shop Card does not change your interest rate or loan terms. We compare a broad range of lenders to find a competitive option suited to your needs — the Shop Card is an additional benefit for eligible Costco Executive Members on settled loans.

You will not receive a Shop Card if the loan is not approved, not settled, or not fully drawn down. If a loan is refinanced before the second anniversary of the original loan settled by Manage Your Loans — for which you have already received a Shop Card — a further Shop Card will not be payable on that refinance. Full details are in the Terms & Conditions below.

Manage Your Loans Pty Ltd (CR 540988) operates under Home Mortgage Plus Pty Ltd (ACL 392200) and has a referral arrangement with Costco. The two businesses are not otherwise affiliated. For Costco Shop Card terms, visit www.costco.com.au/services.

Still Have Questions?

Our team is here to help. Get in touch for personalized answers.

General Advice Warning: The information provided is general in nature and does not take into account your objectives, financial situation or needs. You should consider whether it is appropriate for you.

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Terms & Conditions

* Manage Your Loans Pty Ltd (MYL) ACN 652 442 790 Credit Representative (CR) 540988 provides access to credit services via Home Mortgage Plus Pty Ltd ACN 105 991 839, Australian Credit License (ACL) 392200. A referral arrangement is in place between MYL and Costco; however, they are not otherwise affiliated in any other way. For terms and conditions on Costco Executive Members Shop Cards please visit www.costco.com.au/services.

You will not receive a Shop Card if the loan is not approved, not settled, not fully drawn down (including balances sitting in offset or redraw), or if a new loan is refinanced before the second anniversary of the original loan settled by Manage Your Loans, for which you have already received a Shop Card. Additionally, the value of the Shop Card will be based on the drawn-down amount of the loan. For example, if you take out a $600,000 loan and the balance of the loan is $540,000 with $60,000 sitting in redraw or offset you will only receive a Shop Card to the value of $540,000.

The Costco Shop Card has no expiration date and cannot be exchanged for cash. The Costco Shop Card will be delivered electronically as a digital card via email from the Costco Services Team within 90 days of the loan settlement.

Costco Executive Membership must be active at the time of Shop Card issuance. For full terms and conditions, please visit the Costco Offer Terms and Conditions page.