Costco members in Canada will have to pay more starting this fall
Global News
Costco says that effective Sept. 1, Canadians holding an individual, business or business add-on membership will see their annual membership fees go up by $5 to $65.
Costco is increasing its annual membership fees in Canada and the United States this fall.
The company made the announcement on Wednesday as it reported its sales results for June.
Costco says that effective Sept. 1, Canadians holding an individual, business or business add-on membership will see their annual membership fees go up by $5 to $65.
Those with executive memberships will receive a $10 increase to $130, and will also see their maximum annual rewards increased.
U.S. Costco members will receive the same increases.
The wholesale retailer says the fee increases will affect around 52 million memberships, a little over half of which are executive memberships.
The retailer’s memberships offer a range of incentives to customers, including testing of free samples, discounts on food, gas, home insurance, travel and grocery items and an annual 2 per cent reward on qualified purchases at its warehouses.
The annual fee was last raised in June 2017.