KEY POINTS
- In order to make purchases at Costco, you are required to pay a yearly fee of either $60 or $120, depending on the type of membership you select.
- The retailer is planning to increase the membership fees from $60 to $65 and from $120 to $130 starting on September 1, 2024.
- To make the most of your savings, consider using rewards credit cards for your purchases at Costco.
Joining a warehouse club can be a wise financial decision for a lot of consumers. Stores such as Costco and Sam’s Club provide exclusive discounts to members on a variety of items like food, personal care products, apparel, cleaning items, and home supplies. Being a member allows you to take advantage of these special offers and save money in the long run. a type of bank account that allows you to deposit and withdraw money, typically used for everyday transactions .
If you have been thinking about getting a Costco membership for a year, it might be a good idea to sign up now. Costco will be raising their annual membership fees in September, so if you sign up before August 31, 2024, you can save $5 to $10. Here are the details you should be aware of regarding this update.
The cost of Costco membership will go up by $5 to $10 starting in September.
Beginning on September 1, 2024, the cost of shopping at Costco will be higher. The retail giant has revealed its intentions to raise membership prices, with a $5 increase for Gold Star members from $60 to $65 per year starting in September.
On the other hand, the Executive membership, which offers additional benefits, will go up by $10, rising from $120 to $130 annually. Although the price hikes for memberships are small, it’s an extra expense that consumers should take into account.
If you have been considering becoming a member to lower your household expenses, you might consider signing up soon to enjoy a discount on your first year’s membership fee.
Which Costco membership suits your needs best?
If you are a newcomer to Costco, you might be unsure about which membership option suits you the most. I will outline the important details for you to make an informed decision and select the most suitable membership for your requirements.
The Gold Star membership at Costco is a basic membership option that offers access to the store’s top discounts and allows you to shop either in-store or online. If you are looking to save money on everyday items without any extra benefits, this membership is ideal for you.
The Executive Membership is the top-tier membership level that offers exclusive perks such as further discounts on check printing and additional advantages like complimentary breakfast or resort credits for qualifying travel bookings made through Costco Travel.
Moreover, as an Executive Member, you have the opportunity to receive a 2% reward on qualifying purchases made at Costco. Currently, members can accumulate up to $1,000 in rewards each year. Nevertheless, this yearly reward limit will be raised to $1,250 in September following the increase in membership fees.
If you stand to gain advantages and rewards from perks like these, it’s advisable to opt for an Executive membership. However, it’s also important to take into account your financial situation and shopping requirements when choosing the right membership for you.
Earn rewards while you make purchases.
Taking advantage of exclusive discounts at membership-based warehouse stores such as Costco is a smart financial move. Additionally, you can also maximize your savings by utilizing rewards credit cards to make purchases at Costco and earn valuable rewards in the process.
Our Best method to cut costs at Costco Utilizing credit cards for rewards can allow you to earn cash back on your purchases, ultimately increasing your savings. Explore our selection of available options. Top credit cards to use at Costco to learn more.
