Business & Tech
Coscto Increases Membership Fees: MA Customers To Pay More
Costco has raised the cost of its annual memberships for the first time in seven years. Get the details here.
![Costco memberships will now be about $10 higher than Marlborough-based competitor BJ's Wholesale Club.](https://patch.com/img/cdn20/users/22906546/20240712/093728/styles/patch_image/public/patch-ed-costco-exterior-ca-schiavone-2020-1___12093619844.jpg)
DEDHAM, MA — For the first time in seven years, Costco is raising fees for its 52 million members.
Regular annual memberships are rising from $60 to $65, while premium memberships will go from $120 to $130, the warehouse retailer said this week. The Washington-based company also said the maximum annual 2 percent executive member reward will rise from $1,000 to $1,250.
The new fees go into effect Sept. 1 and will keep Costco fees higher than those of competing warehouse chains. A regular annual membership at Marlborough-based BJ's Wholesale Club is $55, while the fee at Sam's Club is $50. Sam's Club does not have any locations in Massachusetts anymore.
Costco currently operates 882 warehouses, including 609 in the U.S. and Puerto Rico. The chain has a scant six locations in Massachusetts in Dedham, Everett, Danvers, Avon, Waltham and Springfield.
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While the membership increase might be bad news for Costco customers, the company recently announced that it has no plans to raise the cost of its $1.50 hot dog combo. The price of that item has stayed the same since 1985.
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