You've probably noticed that Costco's prices tend to be quite competitive, whether you're buying groceries, household essentials, or gas. What Costco fees doĬostco charges members a fee to help offset its operating costs, and to also offset the cost of procuring inventory. And clearly, that's not a small amount of money.īut rather than begrudge Costco that revenue, you should actually be thankful for it. Last year, in fact, Costco made more than $4 billion in membership fees. Meanwhile, you may be curious to know how much money Costco makes on membership fees. And that may not sit well with some members. Now, there's talk of Costco raising its membership fees in the near future, namely because it hasn't done so since June 2017.
But with an executive membership, you get 2% back on your Costco purchases, the same way you might get 2% cash back by swiping a credit card at a gas station or grocery store. Currently, a basic Costco membership costs $60, while an executive membership has a $120 price tag.
If you're a Costco member, you're no doubt aware that it costs money to be able to shop there. Check out our pick for Best Cash Back Card of 2022
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