if you're a Costco member here's some news you can't ignore membership fees are increasing for the first time in 7 years starting September the 1st a standard gold star or business membership will now cost $65 a year up from $60 executive memberships which offer a 2% annual reward on eligible purchases will now cost $130 a year up $10 from before Costco hasn't raised its membership fees since June 2017 typically adjusting them every 6 years or sooner with over 52 million members in the US and Canada this increase is expected to boost Costco's Revenue significantly despite this hike Costco remains a consumer favorite for its discounted prices on bulk items and investors are happy too Costco stock has surged over 37% this [Music] year that's your quick update on Costco's membership fee changes stay Savvy shoppers