I took the plunge and the following is part of the confirmation email:
Apple TV+ brings you Apple Original series and films, from riveting dramas to hit comedies, groundbreaking documentaries to kids favorites. Episodes, shows, movies— there’s something new every week.
This is not your Apple TV+ 1-year Subscription. Online exchange required.
Redemption Instructions:
Tap or click the PIN above.
On the next page or email, tap or click “Redeem Subscription”.
OR
Visit subscriptionredemption.com.
Enter the PIN above and desired email recipient and tap or click “SHOW & EMAIL CODE".
On the next page or email, tap or click “Redeem Subscription”.
The PIN expires one year from purchase. Voucher may not be redeemed by existing Apple One subscribers. Please see the Terms and Conditions below for details.
Subscription voucher must be redeemed within one (1) year from date of purchase at Costco (online or in-store). Redemption requires enrollment in an automatically renewing subscription to Apple TV+, an Apple ID, and payment method on file. After voucher period ends, subscription will auto-renew at the current Apple TV+ price until cancelled. You can find the current subscription price at apple.com/apple-tv-plus. Payment will be billed to the payment method on file and can be cancelled anytime at least a day before each renewal date at Settings > Apple ID. Terms and Apple Privacy Policy apply; see [
www.apple.com]. Voucher may not be redeemed by existing Apple One subscribers. Voucher is not for resale, has no cash value, will not be replaced if lost or stolen, cannot be combined with other offers providing access to the same service, and is only valid for subscribers to Apple TV+ in the United States. Must be 13+. Compatible products and services required. Apple TV+ is a registered