The main difference is that executive members get a 2% annual reward, capped at $1,000. To recoup the extra $60 for the executive. $130. 00 annual membership fee ($65 membership fee, plus $65 upgrade fee)* includes a free household card; Valid at all costco locations. Verkkoin this comprehensive guide, we‘ll take a deep dive into the costco executive membership program, exploring its key features, benefits, and potential. Verkkowhat is an executive membership? It pays to be a costco executive member: Executive members earn an annual 2% reward on qualifying purchases at costco,. Annual 2% reward* exclusive offers and additional discounts.