MissySki
Angel Diva
I think that is correct from what I have read. So you pay at Costco, then go to the Ikon site and put a code in, then assign the card to a person, at which point it is no longer transferrable. And after you do that somehow you get your $200 Costo gift card.
This is what I'm finding as well, and the cash cards can be used by non-members.