As if the inflation is not worse enough, now Costco announced that they are increasing the annual Costco membership fees by 10%.
Effectively Nov 1st 2011, The new fee structure is like this:
Household and business membership: $55/year
Executive membership: $110/year
Note: the executive membership receives annual rebate check to use in the store.
This fee increases affect over 22 million members, roughly half of those are executive members. Costco has about 35 million members in total. The Costco membership fee increase follows a similar move by competitor BJ's Wholesale Club. BJ's raised its membership fee by $5 to $50 in January.
2. JC 2011-10-22 17:04
Just got our Costco membership renewed. It is still $100 since the new fee won't take effect until Nov 1st. Gladly saved 10 bucks.
One thing to note is that Costco can only renew your membership within 2 months of the card expiration.