New Costco members can score a discount
Costco CFO hinted that membership price hikes could come in the future
Former teacher who quit her job to start new career at Costco says ‘everything is better’
Following her viral TikTok, a former teacher and now Costco employee Maggie Perkins joined ‘Varney & Co.’ to break down her decision to leave her career in education.
Shoppers can nab a Costco membership, and get an immediate discount on purchases. It's not offered through Costco.
Online marketplace StackSocial is offering a one-year Costco Gold Star Membership with a $30 Digital Costco Shop Card. It's currently listed under its bestsellers category.
The membership costs $60 for the year, which is the same price advertised on Costco.com. However, new members will get the free shop card with the purchase, which essentially gives them $30 off their purchases.
SAM'S CLUB MEMBERSHIPS INCREASE MONDAY FOR THE FIRST TIME IN NEARLY A DECADE
The membership through StackSocial comes with one free Household Card and is valid for one year at any Costco around the world and online.
A shopper wearing a protective mask looks at clothing for sale inside a Costco store in San Francisco, California, U.S., on Wednesday, March 3, 2021. ( David Paul Morris/Bloomberg via Getty Images / Getty Images)
Aside from the shop card, the perks are the same as if you sign up through Costco. However, the $30 gift card could be quite helpful given the fact that Costco is planning to raise membership fees.
COSTCO CFO HINTS AT MEMBERSHIP FEE HIKE
In December, the wholesale retailer's CFO Richard Galanti hinted at fee increases in the near future.
Costco Wholesale
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| COST | COSTCO WHOLESALE CORP. | 971.88 | +10.33 | +1.07% |
A reporter had asked Galanti whether the nation's weak economic backdrop would factor into the warehouse club's calculus on the timing of a fee increase — which typically occurs between every five years and seven months.
Galanti responded saying it "certainly goes into the thought process."
GET FOX BUSINESS ON THE GO BY CLICKING HERE
The executive further noted that Costco is "still not even to the average of the last three increases in terms of timing between the last one and the next one."
The last increase was in 2017. At the time, fees increased by $5 for all personal and business memberships in North America. It bumped all U.S. and Canada Goldstar, Business and Business add-on members to an annual fee of $60. Executive memberships in North America increased from $110 to $120.
FOX Business' Aislinn Murphy contributed to this report.
TikToker goes viral after eating for free at Costco
TikToker Tasmin Dhaliwal shares the story behind her viral video where she fills up on Costco samples on ‘Varney & Co.’