Costco membership fees are going up

But you can lower those annual fees with just one easy step

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costco membership fees

(Mike Mozart/Flickr)

Last month, I was notified that my annual Costco membership needed to be renewed. I don’t shop that much at Costco (I hate the weekend crowds) but one thing I do love about them is the great discounts you get on eyeglasses. For that one purchase every year, my $55 membership fee was well worth the hundreds of dollars I saved from our annual purchase of glasses.

This week, the chain announced that as of June 1 it was raising “Gold Star” membership fees in Canada and the U.S. by $5 to $60. An executive membership, which comes with discounts and benefits, will be bumped up $10 to $120 a year. For many Costco shoppers these fees (even after increases) are still well worth it.

But if you’re like me, you’re always looking to cut those membership fees if you can. So here’s what I suggest. Do what I do. Go onto Groupon and buy a Costco membership deal. In my case, I paid $55 last month for a “Gold Star” membership and in return I receive not only the membership, but a free membership card for a spouse as well as a free rotisserie chicken and family-sized Caesar salad along with a $10 off coupon for a future Costco purchase. That’s a $25 value, making my $55 membership fee only $30 once those freebies are added to the final cost.

The good news? You can get similar deals all year round. While shopping at Costco on weekends with the dense crowds can be a hassle, Groupon deals can make the time you put into your weekend shopping a little more acceptable, knowing you don’t have to cook lunch and dinner after at least one of those shopping excursions.

To look for more Costco membership Groupon deals, check the website regularly for membership deals in your province. Here’s an example of a recent Costco membership deal for St. John, Nfld., stores.


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8 comments on “Costco membership fees are going up

  1. The Groupon Costco deal is only for new members. I checked with Costco. Won’t work for a renewal.

    Reply

    • Hi Connie,
      You’re right. But my husband, me and my 25-year old daughter Laura alternate the years we each get a membership so there’s always one of us who hasn’t had a card for 12 months and would be considered a new member. j

      Reply

  2. The problem with that deal is that itnis only available for new members or expired membership of more than 12 months.

    Reply

  3. There is no Costco membership deal on Groupon !? The sample one for St.John is from last year ?!

    Reply

    • Hi Kathy, You have to keep looking at various times throughout the year. The St. John’s one is just an example of one they’re also running this year in select provinces at different times.

      Reply

  4. You can only use the Costco membership Groupon deal if you haven’t been a Costco member for at least 1 year.

    Reply

    • Hi Mike, This is true for this particular Groupon. Although what I’ve done in the past is alternate the membership between my husband, myself and my son and daughter (they’re over 18) so there’s always just one card in the family in one family members name anyhow. So there’s always one person who hasn’t had a card for 12 months. Also, I go once a year for glasses so I time the purchase to end of my membership, buy the glasses then and then renew the following year when my family needs new glasses. j

      Reply

  5. It’s also worth considering the Executive membership. Although it’s just my wife and I at home now, we spent $5,000 at Costco last year, and they included a $100 coupon (2%) with this year’s membership renewal, so even at $120, the membership only cost us $20.

    Reply

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