AIR MILES now offers a Costco gift membership to be purchased with Dream Miles. For 675 all-tax Dream Miles, you get a free one-year Privilege membership.

A Gold Star Membership card costs $65 plus taxes at Costco. With taxes in Quebec and Ontario, the total is approximately $74.73.

According to our valuation, 1 mile is worth $0.105, so these 675 miles are worth $71. So anything above our valuation is a bargain!

The great thing about this reward is that it’s also valid for existing members, who renew their membership card.

Once the AIR MILES Collector has redeemed 675 miles on the AIR MILES site for a Gold Star Membership card, a voucher is mailed within 4 weeks. Then that voucher needs to be taken to a Costco Customer Service counter.

If you’re a new Costco member, you’ll need to fill in the information for your file and provide your photo. Then you’re ready to hit the warehouse with the best buys!

If you’re an existing member, simply add it to your file. Make sure that the renewal takes place on the annual renewal date, and not on the day you bring your voucher into the warehouse.

Membership is valid for one year from the card activation date, and must be renewed each year.

This voucher has a value of $65 plus tax. If you prefer an Executive Membership ($130 plus tax), you just have to pay the difference.

With this exclusive offer for the BMO^® AIR MILES^® World Elite Mastercard^®*, you earn 3,000 miles after $3,000 in purchases.

This 3,000 miles is a perfect way to pay for 4 years of Costco membership free of charge!

As of recently, use your BMO^® AIR MILES^® World Elite Mastercard^®* to collect 2 AIR MILES miles for every $12 in warehouse purchases, like at Costco in this example:

Log on to the AIR MILES site and click on the top tab Rewards and then Events and Attractions.

You will find the membership card in this section and click on Order.

Then follow the steps to enter your shipping information and confirm your order.

Delivery by mail takes about 4 weeks.

Take advantage of your earned miles and pay or renew your Costco membership!

What’s more, you can sometimes take advantage of AIR MILES promotions and offers like the AIR MILES Shop the Block, which gives you up to 825 bonus miles. In other words, doing your everyday shopping can earn you lots of miles and save you money on your Costco membership.