Do not be fooled by Costco's claim of: "We are committed to offering the best value to our members, with a risk-free 100% satisfaction guarantee on both your membership and merchandise." Costco does not honor this guarantee! I received an "Executive Membership" as a gift. I did not use the membership even once. Costco did NOT honor the guarantee with a refund. (I would have been very happy to have the money returned to the person who purchased the gift.) In fact, we were not offered any form of compensation. I asked to see a policy in writing that voids this guarantee for any reason. I was basically told that they could not help me. In other words, they have no such policy in writing. They just didn't want to give the refund. Be very careful if you decide to purchase a membership. The membership desk people will promise anything and everything, but in our case those promises were complete lies.