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