Key Takeaways
- Costco increased its membership fees earlier this week for the first time in seven years.
- The warehouse store already had higher fees than competitors BJ's and Sam's Club.
- The warehouse memberships also include deals on gas and other benefits.
Costco (COST) on Wednesday announced its first 澳洲幸运5官方开奖结果体彩网:membership-price increase in seven years. Members are looking at a $5 increase, to $65 annually, for the Gold Star membership and a $10 increase, to $130, for the Executive membership.
The increase will take placဣe on Sept. 1. Here’s how Costco memberships will compare to other wa𝄹rehouse stores when that happens.
Cash-back deals
Costco will increase the maximum annual 2% reward by $250 for Executive members. So, those with the higher-tier membership can receive up to $1,250 cash back annually on Costco and Costco Travel purchases.
Walmart-owned (WMT) Sam’s Club also offers a 2% cash-back reward for its “Plus” membership. They can receive up to $500 cash back annually on in-club purchases.
BJ’s Warehouse Club’s (BJS) “The Club+” membership has similar cash-back rewards to Sam’s Club. Those members can earn 2% cash back, with a cut-off at $500 on in-club purchases.
Gasoline Prices
All three warehouse ch🐎ains offer members special gasoline prices at their gas stations.
If a Costco member purchases gas at Costco and pays with the Costco Anywhere Visa Card, they can earn 4% cash back rewards.
Sam’s Club members who buy gas with a Sam's Club Mastercard can receive 5% cash back.
BJ’s "Club+" members can receive 5 cents off every gallon when they fill up at one of BJ’s gas stations.
Additional Services
Costco offers various services f🙈or members, from peཧt insurance, to auto services and even water delivery. Higher-tier members may receive additional discounts on those services.
Sam’s Club also offers some services for their higher-tier members. Plus members can get 20% off a pair of eyeglasses, free shipping on contacts and savings at their pharmacy.