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7mo ago

Costco Raises Membership Fees for First Time Since 2017

The new fee structure impacts 52 million memberships and introduces stricter entry policies.

Costco has raised membership fees for the first time since 2017 with a $5 jump to $65 a year from $60 for most plans.
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Overview

  • Annual fees for Gold Star and Business memberships increased by $5, while Executive memberships rose by $10.
  • Executive members can now earn up to $1,250 in annual rewards, up from $1,000.
  • Costco has implemented stricter policies to prevent non-members from using others' cards.
  • The company reported $210.55 billion in net sales for the first 44 weeks of 2024, a 6.9% increase from last year.
  • Costco maintains 882 warehouses globally and operates e-commerce sites in several countries.