Sorry! This deal is now expired. Sign up below to stay up-to-date on more great deals!
If you have a Costco membership, get ready to pay more for access to the warehouse club! The retailer has confirmed that starting June 1 it will increase annual membership fees.
Costco is raising membership fees soon
Gold Star and Business membership fees will increase to $60, up from $55.
The annual fee for an Executive membership will increase from $110 to $120, and the maximum annual 2% reward associated with the membership will increase from $750 to $1,000.
So depending on the type of membership you have, it's going to cost you either $5 or $10 more a year.
Costco makes a great deal of money from membership fees, so it’s able to charge a minimal markup of 14% on its Kirkland Signature products and sometimes less on brand name items.
Here are the current membership rates for two of Costco's competitors:
- Sam's Savings: $45
- Plus Membership: $100
- Inner Circle: $50
- BJ’s Perks Rewards: $100
This is Costco's first membership fee increase since 2011.
Costco CEO shares tips with Clark Howard to help you save money
[protected-iframe id=”028acff7d43f7548f96be9dbe64940a2-120696138-98700622″ info=”https://rumble.com/embed/u7ji7.ve26h/” width=”640″ height=”360″ frameborder=”0″ class=”rumble” allowfullscreen=””]
Best of the Week
The best deals available at The Home Depot!
The best deals at Five Below right now
Lidl weekly ad: The best of Lidl this week!
The best bargains at Amazon right now
The best deals at Target this week
The best deals at Walmart this week
The best laptop deals today
The best deals at Sam’s Club today
15 great deals to save on household essentials