Costco offers a staggering range of essential items at rock bottom prices, which is made possible by offering a yearly membership to keep prices down.
However, if you are a Costco customer looking to pause your membership or renew it, you might be wondering whether or not Costco memberships auto-renew. Here is what I discovered!
Does Costco Membership Auto Renew In 2022?
Costco memberships do not auto-renew by default as of 2022. Customers can set up auto-renewal online at Costco.com so that your membership rolls over automatically. With auto-renewal, you won’t have to remember to pay your membership fee every year manually, and you will also stop receiving renewal notices.
So, how do you set up and manage auto-renewal? Read on to find out everything you need to know about Costco membership auto-renewal.
How To Set Up Auto Renew For Costco Membership?
If you would like to set up an auto-renewal for your Costco membership, you can do so online at Costco.com.
From here, simply sign in to your account or register for a new one. Once you’re signed into your account, go to the “My Account” section and click “Renew Membership.”
As long as your account is connected to a Visa card, it will be eligible for auto-renewal.
You cannot, however, sign up for auto-renewal in-store. This is only possible online after you have created your Costco Online account.
For more information, go to the “Membership Auto-Renewal” section on the Costco customer service website.
How Do I Cancel My Costco Auto-Renewal?
People decide to cancel auto-renewal for all sorts of reasons. Whether you’ve decided you only want one more year of your membership or it’s coming up to your Visa card’s expiry date, you will need to cancel or change your auto-renewal settings.
Thankfully, it’s very easy to do. You simply follow most of the same steps that you took to activate auto-renewal, including:
- Signing in to your Costco Online account.
- Clicking “Renew Membership” under “My Account.”
- Then, instead of adding a Visa card for auto-renewal, simply remove or change your card’s details.
How Much Is Costco Membership Renewal?
Costco auto-renewal is available at no additional cost to Costco members. So, when you sign up for auto-renewal, the only price you will have to pay is the annual membership fee.
However, the membership fee itself will vary depending on which membership you go for. The options include:
- Gold Star Membership, $60.
- Business Membership, $60.
- Executive Membership, $120.
All membership options are valid at all Costco locations in the US and beyond, and include a free Household Card.
The Business Membership and Executive memberships come with additional benefits. For more information and to sign up as a member, go to the FAQ on the Costco customer service website.
Additionally, don’t forget to see our other guides on the Costco Executive membership hours, if Costco does a senior discount on memberships, and also if you can visit Costco if you forgot your membership card.
By managing your membership settings through the Costco website, you can sign up for auto-renewal. In doing so, your membership will automatically roll over each year until you change your settings or cancel your membership. You will not be charged an additional fee for this service, so the only cost to you will be the price of the membership you sign up for.