Costco is a popular membership-only warehouse club that provides brand-named merchandise typically sold in bulk at a substantial discounted prices. They offer a large selection of products and departments in one location to make shopping cheaper and more convenient for consumers. Costco has been in business since 1976 when it started out as Price Club and operated out of a converted airplane hangar in California. It used to only provide sales to small business but soon changed protocol and began selling to the general public.
Photo by RodBegbie via Flickr
Will a Costco membership be worth the membership fee? Will it benefit you to become a member? Well, it really depends on the individual and their shopping habits and needs. Explore the Costco website to see what kinds of products and services they offer and if there is a location convenient to you.
Costco membership comes in three flavors:
Executive membership is the highest level a consumer can join. The cost is $110 per year. Executive members will receive in addition to access to the warehouse stores, a 2% reward on nearly all purchases made at Costco. Executive members also receive lower rates on check printing, payroll services and identity protection. Members also get an account bonus from money market and online savings accounts, roadside assistance under the Costco auto insurance plan, and additional travel benefits.
Business membership is open to any licensed business, non profit organization, government agency, farmer, and rancher for a $55 membership fee. Business members will receive one card with up to 6 additional business cards for $55 each. Business identification is required when applying for membership and provide appropriate resale information is merchandise is purchased for that reason.
Gold Star membership is open to any person not qualified for a Business Membership. Membership for individuals under the Gold Star program is $55 annually and includes one household card per membership.
For any member who is not satisfied with their membership at any time, Costco will refund your membership fee in full.
There are ways to get membership at a discounted price if you wish to join the club and are eligible for the following offers that can save you money.