Costco Membership Fees Set to Increase

Attention all you Costco shoppers! You’re about to pay more for your membership.

Starting on June 1st, the price of an annual Costco membership will increase from $55 to $60 for U.S. and Canada Goldstar, Business, and Business add-on members. Also effective June 1st, the annual fees for Executive Memberships in the U.S. and Canada will increase from $110 to $120 {primary membership of $60, plus the Executive upgrade of $60}. The fee increases will impact around 35 million members, and roughly half of them are Executive Members.

But there is some good news, too! The maximum annual 2% reward associated with the Executive Membership will increase from $750 to $1,000. So if you are a big spender, you’ll definitely see the benefit there!

Click on over here for more details and to read their official press release.

~Mavis