How Do Costco's Membership Fees Stack Up After the Price Hike?

Costco (COST) connected Wednesday announced its first membership-price increase successful 7 years. Members are looking astatine a $5 increase, to $65 annually, for nan Gold Star rank and a $10 increase, to $130, for nan Executive membership.

The summation will return spot connected Sept. 1. Here’s really Costco memberships will comparison to different storage stores erstwhile that happens.

Cash-back deals

Costco will summation nan maximum yearly 2% reward by $250 for Executive members. So, those pinch nan higher-tier rank tin person up to $1,250 rate backmost annually connected Costco and Costco Travel purchases.

Walmart-owned (WMT) Sam’s Club besides offers a 2% cash-back reward for its “Plus” membership. They tin person up to $500 rate backmost annually connected in-club purchases.

BJ’s Warehouse Club’s (BJS) “The Club+” rank has akin cash-back rewards to Sam’s Club. Those members tin gain 2% rate back, pinch a cut-off astatine $500 connected in-club purchases.

Gasoline Prices

All 3 storage chains connection members typical gasoline prices astatine their state stations. 

If a Costco personnel purchases state astatine Costco and pays pinch nan Costco Anywhere Visa Card, they tin gain 4% rate backmost rewards. 

Sam’s Club members who bargain state pinch a Sam's Club Mastercard tin person 5% rate back.

BJ’s "Club+" members tin person 5 cents disconnected each gallon erstwhile they capable up astatine 1 of BJ’s state stations.

Additional Services

Costco offers various services for members, from pet insurance, to car services and moreover h2o delivery. Higher-tier members whitethorn person further discounts connected those services.

Sam’s Club besides offers immoderate services for their higher-tier members. Plus members tin get 20% disconnected a brace of eyeglasses, free shipping connected contacts and savings astatine their pharmacy.