Originally Posted by FWAAA

It looks that way unless the purchase of large numbers of gift cards falls within the weasely language of "on certain other categories as determined at Costco's discretion, which may change without notice."

If the executive rebate applies to these, that increases my rate of return on the dollars I used to purchase the gift cards from 11.1% to 13.4%, not a bad return these days.

Thank you to cwpfly for posting this find!