Costco Confirms Membership Fee Hike Coming, First Increase Since 2017
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Costco executive leadership confirmed a membership fee hike is coming, but timing and amount are still unknown. Last increase was in 2017.
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Costco typically raises fees every 5 years. Current gap is "a little longer" than usual between hikes.
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Just under 119 million people globally paid for Costco membership in 2022. Number of cardholders growing steadily.
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Costco says added member value will come with increase, like updated app with gas prices and inventory.
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Costco also recently announced offering members medical care access, including $29 virtual visits. joins retailers like Walmart and Amazon expanding into healthcare.