Costco Announces Raise in Membership Fees, Effective Sept. 1
News Release
FORT WAYNE — Representatives for Costco Wholesale announced annual membership fees will be increased by $5 for U.S. and Canada Gold Star — individual, Business, and Business add-on members, effective Sept. 1.
With this increase, all U.S. and Canada Gold Star, Business and Business add-on members will pay an annual fee of $65. Also effective Sept. 1, annual fees for Executive Memberships in the U.S. and Canada will increase from $120 to $130 —Primary membership of $65, plus the Executive upgrade of $65 — and the maximum annual 2% Reward associated with the Executive Membership will increase from $1,000 to $1,250.
The fee increases will impact around 52 million memberships, a little over half of which are Executive. This is the first membership cost raise since 2017.