Costco & Identity Guard Split Up, Is Costco CSID Worth It?
Identity Theft

Costco & Identity Guard Split Up, Is Costco CSID Worth It?

EPF Last Update: September 28, 2018

As a Costco club cardholder, you have the privilege of being able to invest in identity theft protection at a discount. The problem: Costco doesn’t deal with Identity Guard anymore.

Costco switched providers last October and now cardholders are only able to get a discount through their CSID coverage partner. But if you are a Costco club member, don’t sweat it … they actually have a lot to offer!

How Does CSID Identity Protection Work?

They aren’t really different from any other identity protection company. While there have been a fair few CSID identity protection complaints over the years, the same is true about other company’s services. Really, they offer much of the same as what you would get from LifeLock and other big-name providers.

Features included in CSID’s identity theft protection plan:

  • Alerts and notifications for all different signs of fraud,
  • Up to $1 million in coverage if you become a victim,
  • Tri-bureau credit scores updated monthly and reports annually,
  • Data breach monitoring and recovery assistance, and,
  • Affordable extended coverage to your children and/or your spouse.

Furthermore, CSID extends its services to small business owners. This not only improves the business owner’s security, but also the safety of any in-store customers or website visitors. They can help with preventing data breaches, speeding up the recovery if one occurs, and much more.

How Much Does Costco’s Identity Protection Cost?

First off, you need to be a cardholder to be able to get CSID coverage at the discounted rate.

Non-members can sign up for protection for $19.99 monthly instead.

If you are not already a member, it might be worth signing up to get this discounted rate. That is, if you believe Costco’s identity protection is right for you. At a savings of $10 per month, you’ll save more than your annual Costco membership costs!

So if you were to switch from any other provider to CSID, you would essentially be PAID your Costco membership costs each year … and then you’ll save a little more on top of that. 

Here’s how the pricing breaks down …

  • Executive members: $8.99 monthly (Plus $2.99 child add-on)

  • Gold Star members: $13.99 monthly (Plus $3.99 child add-on)

Surprisingly, this low rate gets you access to BOTH identity theft protection and credit monitoring services.

The equivalent level of protection costs $24.99 from Identity Guard, and $29.99 from LifeLock.

Of course, with such a steep discount it doesn’t make sense not to join.

CSID vs. Identity Guard vs. LifeLock, Who’s the Best?

This is the age old question in the identity theft industry.

Both Identity Guard and LifeLock have managed to differentiate themselves from the rest. They are the two top players — although, new contenders like IdentityProtect are ranking up.

See, IdentityProtect is much like Costco ID Protect as they both are CSID white label services. This means the protection and the plan features are much of the same. We proudly endorse IdentityProtect because they manage to offer full family protect for $30 a month … but Costco Family ID Protection is around $10 monthly!

Are you ready for full family protection for the cost of a fast food meal?

While they aren’t as technically experienced as LifeLock or Identity Guard, they definitely command a spot in the list of the top-5 providers. Your money goes a lot further via CSID’s Costco discount, and your identity will still be safe — if you are a cardholder, we advise you take advantage of this offer!

Common Costco ID Protect Complaints

Before, Costco Identity Guard complaints were limited and the biggest issue was that you needed to keep your Costco membership to maintain the discount. Now that they have made the switch, the negatives are much less. Why? Because with Costco ID Protect through CSID, you are entitled to coverage at roughly HALF the price of the discounted Identity Guard plans.

To put it simple: You will not find credit monitoring + identity theft protection cheaper elsewhere!

Costco’s ID Protect via CSID – FAQs

This discounted offer has flown under the radar for far too long. This comes due to misinformation, and many draw conclusions without getting the info first.

So here are some frequently asked questions answered for you …

1. What Features Does Costco CSID Include?

You get the same features you would have if you were to sign up directly for Identity Guard. This includes, but is not limited to, the following:

  • Annual tri-bureau credit reports
  • Monthly tri-bureau FICO scores
  • Social Security Number (SSN) monitoring
  • Bank, credit, and investment account protection
  • Public records monitoring
  • Internet and dark-web surveillance
  • $1 million identity theft insurance

However, you do miss out on one great feature — data breach notifications, we just wrote a post on how to protect yourself from data breaches for free.

2. Does Identity Guard Share My Information?

You are guarded by their privacy policy, which states, “We do not sell your personal information to, or share such personal information with, third parties for their promotional use or for marketing purposes.

Those special instances are limited and there’s nothing fishy to worry about.

Your information is essentially shared to appropriately provide the services you need. For instance, your details may be communicated to your credit card issues, the major credit bureaus, and etc. But not to worry, your information will be used fraudulently or sold off.

3. Is The Discounted Rate a Limited Time Offer?

There is no reason to believe that this promotion will go away. This did happen with their Identity Guard deal, but it wouldn’t be a surprise if they couldn’t afford to continue the promotion. Identity Guard is a very costly service provider, while CSID allows white-label protection services. Through Costco’s proprietary protection, you can get more while paying less!

4. What Do Other Costco ID Protect Reviews Say?

Currently, you will be hard-pressed to find much information on Costco’s identity protection offering. It has only been available for seven months. Those that have signed up for Costco ID Protect are new customers; the vast majority of protected cardholders are under the discounted Identity Guard plan ’til October 2016.

So you cannot hold much weight in Costco ID Protect reviews as none have really surfaced yet.

Should You Pay for Costco CSID Protection?

For less than a dinner entree at a 4-star restaurant, you could have yourself and your whole family protected. It is a no-brainer that this investment is well worth it. While you will find even more incredible features from pricier providers, like LifeLock and Identity Guard, Costco’s CSID protection plan is still top-5 worthy!

Elite Personal Finance

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