Give your Costco membership some ‘Leverage’

There’s a web site called LeverageCard.com that allows you to track and manage all your various gift cards, rewards memberships, loyalty programs, and other little plastic things that hang from your keychain. Good idea! But this site even lets you exchange gift cards and – by some freaky process I haven’t examined yet – earn interest on your memberships. Yeah, that’s what they say.

But here comes more news for you Costco members. Apparently through LeverageCard you can now purchase Costco membership certificates which you can then use to earn promotions and coupon booklets when you re-up each year. Sweet!

The first thing you need to do is register with the site, which is painless. Then you need to make sure your Costco membership is not automatically renewing and billing to your AmEx True Rewards card, if you have one. All you have to do is call Member Services to take care of that detail.

Then comes the uncertain part – using these fancy membership certificates to renew and get these coupons. Since I’m just learning about this myself, I’m going to try it and find out how it works. Then I will report back to you. I say, for free stuff, it’s worth a try.