Many retailers offer layaway, pay plans, and rain checks to help their customers save money and buy more products.
Since Costco is a massive retailer that sells a variety of expensive items, it might be confusing to know about their layaway and payment plans.
Does Costco Have Layaway?
No, Costco does not offer layaway. When you buy something at Costco, you would have to pay the full price of the product all at once. But that does not mean you have no option to finance your purchase at Costco.
You cannot pay monthly installments at Costco to purchase expensive items. This is because the store is a cash and carry operation.
If you have the Citi Card, you can defer paying for a short period of time. After the due date, just pay the remaining balance and then apply the card to pay it back.
Alternative Ways to Layaways at Costco
You can shop for a wide variety of expensive items at Costco, such as furniture and jewelry, without having to worry about paying for them all.
No matter how big or small, Costco does not offer layaway or other payment plans for its goods sold at its warehouses or online.
Instead of spending lavishly on these products, they should instead try becoming a member of the warehouse club and use monthly discount coupons.
Use Credit Card Instead of Layaway at Costco
When you pay for your purchase at Costco with a credit card, you can use your credit card as a way to finance your purchase. Just pay off your credit card balance gradually over the following months.
One thing to keep in mind: Costco warehouse stores only accept Visa credit cards while costco.com accepts both Visa & Mastercard credit cards.
Use Costco Anywhere Visa Card Instead of Layaway at Costco
The Costco Anywhere Visa Card by Citi: If you pay for your Costco purchases with the Costco Anywhere Visa Card by Citi, you get 2% cash back. And you get 4% cash back for buying gas at Costco gas stations. So with this Visa card, not only do you get to finance your purchase, but you also get cash back as an extra benefit
Use 3rd Party Layaway Services at Costco
With a 3rd party layaway service such as eLayaway, you can apply online for a Costco layaway payment plan and then use the money you receive to make a purchase at Costco. The whole process is very convenient and only takes a few minutes
What Stores Have Layaway and Payment Plans?
While Costco does not offer layaway, many other national retailers do. A partial list of such retailers includes Walmart, Marshalls, T.J. Maxx, Kmart, Sears, Big Lots.
If you’re still looking for ways to finance your purchases, there are some retail chains that offer layaway plans. You can also contact the retailer to get more details about the layaway plans and terms and conditions.
Does Costco Have Layaway in 2023?
As of 2023, Costco does not have layaway or payment plans for most items. Instead, it offers its members a variety of daily bulk discounts and monthly coupon codes.
There are many ways to save money while shopping for Costco. In this article, we’ll talk about some of the ways to save money while shopping at the store.
As of 2021, Costco does not have layaway or payment plans. However, members can still save money by participating in monthly discount coupons and daily discounts.
Benjamin is a certified financial advisor, with over 10 years of experience in the industry. He is knowledgeable about various business and financial topics, such as retirement planning and investment management. Ben has been recognized for his work in the financial planning industry. He has also been featured in various publications.