Interested in becoming a Costco member? Act fast to get today’s membership rates

If you’re tired of rising prices on everyday products, you’re not alone. Take advantage of opportunities to get extra discounts to help you feel less financially stressed. One way to get the best deals is to join a warehouse club.

Costco is a popular choice. The retailer has more than 800 clubs worldwide. If you’re considering joining Costco, you might want to do so before membership prices increase this fall. Here’s what you need to know.

It will soon cost more to be a Costco member

A few weeks ago, Costco announced that it would be increasing membership fees by $5 and $10 per year starting September 1, 2024. While this isn’t a huge price increase, it’s something to be aware of, as every price hike has an impact on your wallet.

The good news is that you can join Costco before the membership fee increases. If you join before September, you’ll pay $60 or $120 for your first year of membership (if you join on or after September 1, you’ll pay $65 or $130).

By becoming a member in the coming weeks, you can take advantage of current rates and save a few dollars. It will also allow you to start taking advantage of Costco’s discounts sooner. Many members renew their memberships year after year because of the savings they get.

What if you were ready to renew your subscription?

If you are already a member and are aware of the upcoming price increases, you may be wondering if you can renew your membership before September to benefit from the current rates.

According to Costco’s website, active memberships can be renewed up to 90 days before they expire. That means if your current Costco membership expires in November or earlier, you can renew it before September 1, 2024 to avoid paying the new higher fees. You can renew online, by mail, by phone, or in person at your local club.

Is a Costco Membership Still Worth It?

You may be wondering if Costco membership is still worth it. As long as you take advantage of the discounts offered and use the perks provided, it’s probably worth being a member, despite the $5-10 annual increase. For most people, the increases will be barely noticeable.

Before you join or renew your membership, it is advisable to carefully review the membership benefits to ensure you are aware of the benefits included in a Costco membership. You may not be aware of all the benefits offered to Costco members.

If you’re new to Costco, you can browse the retailer’s website or mobile app to get a feel for the products they sell. This can help you decide whether you’ll get good value from a membership card in your wallet.

Don’t miss out on reward opportunities

Warehouse club discounts can help you stick to your budget. It’s also a good strategy to take advantage of opportunities to earn rewards when you shop. Our #1 tip for saving money at Costco is to use a rewards credit card at checkout.

You can earn cash rewards when you stock up on essentials. Once you redeem your rewards, it’ll be like getting an even bigger discount. Check out our list of the best credit cards for Costco to learn how to maximize your total savings by earning credit card rewards.

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