As of June 1, 2017, Costco will be increasing its Gold/Business annual membership fees to $60 (formerly $55) and Executive annual membership to $120 (formerly $110). Executive membership comes with a 2% cash rebate on purchases (now up to $1,000) as well as some other side benefits. The breakeven point is now $3,000 annually x 2% = $60. That works out to $250 a month.
Existing Costco members can save $5 or $10 by renewing before the rate hike on 6/1. Effectively a little discount for renewing early. You renew online up to 3 months before your membership expiration date. You can also renew in-store before your membership expiration date (I read up to 5 months before but may vary). Finally, you can buy their “Gift of Membership” gift card which costs $55 right now and then save it to renew your own membership when the time comes.
New Costco members can get a $10 or $20 Costco cash card. There are two ways to see this offer. You can google search “Costco membership” and click on the ad at the top, or you can visit this link. Use the coupon codes NHMBASE and NHMEXEC online at Costco.com, or print it out and bring it into a physical store. You should see the following promotional offer:
- GOLD STAR MEMBERSHIP – receive a $10 Costco Cash Card
- EXECUTIVE MEMBERSHIP – receive a $20 Costco Cash Card
By the way, Sam’s Club is also (still? again?) running a new membership deal where a new member pays $45 and gets:
- 1-Year Sam’s Club Membership ($45 value)
- $20 Sam’s Club Gift Card
- “Free meal” = 1 rotisserie chicken, 1 apple pie, and 36 dinner rolls ($20 value)
© MyMoneyBlog.com, 2017.
Read More: Costco Membership Discount: / Coupon Code