Costco hiking membership fees for first time in 7 years
When will Costco's membership fee increase take effect?
Costco's membership fee increase will take effect on September 1, 2024. The annual fee for "gold star" and business members will increase by $5 to $65, while the fee for executive members will rise to $130 from the previous $120. This marks the first time in seven years that the retail giant has raised its membership fees.
How much will Costco's "gold star" membership fee increase?
Costco's "gold star" membership fee will increase by $5, raising the annual cost from $60 to $65. This marks the first time in seven years that the retail giant has raised its membership fees. The change will affect members in the U.S. and Canada and is set to take effect on September 1.
What is the new fee for Costco's executive members?
The new fee for Costco's Executive Membership will be $130 per year, an increase of $10 from the previous fee. This change will take effect on September 1, and Executive Members will also see an increase in the maximum annual 2% reward they can earn, which will rise by $250 to $1,250.