Yes, you do. Furthermore, there is no confirmation that the GNex will be available at Costco as a phone option, let alone as an exchangeable option. My Costco cell phone rep was clueless about whether they'll have the GNex for us members. Again, until it actually is announced by Verizon and/or released, I'm not sure what Costco will be carrying. I do know they still have the Bionic available with the accessories package included. Not sure of the latest price though. I'll be checking again tonight. I forgot to test the camera out last time. I'll also ask about the exchange program and once again ask if they will be carrying the GNex.