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How to avoid Costco’s membership fee hike and still pay the old price for another year!

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Theo Thimou |
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Warehouse club shoppers across the country have been griping since Costco announced a $5 increase in the cost of an annual membership.

But here’s some good news: Depending on your renewal date, you might be able to still pay $55 for another year if you know this hack!

Read more: These 39 JCPenney locations are at high risk of closing

You’ll pay the old $55 membership price if you do this…

Effective June 1, Costco is raising its membership fee to $60 a year for either a Gold Star and Business membership, up from $55.

The premium membership — called the Executive membership — will be $120, up from $110. The benefit of an Executive membership is that it gives you 2% cash-back on everything you buy at Costco.

But here’s something you may not know: You can renew your membership up to 60 days in advance of your actual renewal anniversary, a Costco representative told Team Clark during a phone conversation.

So if your renewal anniversary is between June 1 and July 31, then you can renew in April or May and still pay the $55 price for another year ($120 for Executive members)!

Meanwhile, Sam’s Club is rolling out a lot of deals to capitalize on those Costco members who might want to defect from the warehouse club when the price goes up.

To that end, Groupon is offering a great deal right now — $30 for a new One-Year Sam’s Club Savings Membership package ($55 value).

You’ll also get a $10 Sam’s Club gift card for signing up through Groupon!

(Sorry this offer is not valid for renewals. New members only, please.)

Wow, what a deal! For more great deals like this updated daily, see our Deals site.

Read more: Confirmed: Your Costco membership fee is going up

Costco CEO shares tips with Clark Howard to help you save money

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Source: Costco CEO shares tips with Clark Howard to help you save money by Clark on Rumble