Costco To Increase Membership Fees

March 3, 2017 Facebook Twitter LinkedIn Google+ News

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The warehouse club Costco announced that it will increase annual membership fees by $5 in the United States and Canada for all its basic individual and business memberships.

costco hawaii member
The company also plans to increase increase the cost for its executive membership fees by $10 on the same date.
Executive members get 2% back on eligible purchases at the warehouse club with a previous limit of $750 cash back each year. Under the new pricing structure, that amount will rise to $1,000. “The fee increases will impact around 35 million members, roughly half of them Executive Members.

Fortune reports that the fee increases was expected by Wall Street experts.