Costco Raises Membership Fees for First Time in 7 Years
What is the new annual fee for Costco's Gold Star Membership?
The new annual fee for Costco's Gold Star Membership, effective September 1, will be $65, reflecting an increase of $5 from the previous fee of $60. This marks the first membership fee hike in seven years for the popular warehouse chain.
How much will the Executive Membership cost after the increase?
The Executive Membership at Costco will cost $130 per year after the increase, up from $120. This change takes effect on September 1, 2024. Additionally, the maximum annual 2% reward for Executive Members will increase from $1,000 to $1,250.
How many total paid memberships does Costco have?
Costco has approximately 128 million cardholders as of 2023. The company has seen significant growth in recent years, with its membership base expanding steadily. This growth can be attributed to Costco's commitment to offering a wide range of high-quality products at competitive prices, as well as its ability to adapt to changing consumer preferences and market conditions.