Costco is renowned for its bulk products, competitively low prices, and warehouse club format.
To serve all its customers, Costco has different levels of membership. What is a Costco Business membership, and what does it entail? Here’s all you need to know!
What Is Costco Business Membership In [currentyear]?
Costco Business membership allows customers to buy personal, business, or resale products from any Costco location in [currentyear]. Like the other memberships, the Costco Business option is valid for one year; therefore, it needs to be renewed annually. You can choose between the basic plan and pay $60 annually or the Business Executive alternative at $120.
To learn more about Costco Business membership, how it works, how to enroll, and the annual cost, read on!
What Is The Difference Between The Costco Personal & Business Membership?
Costco customers can choose between the Costco Personal and Business membership plans.
For each membership option, you can also need to select the Basic or Executive plan for more benefits.
Further, here are the differences between the Costco memberships:
Business Membership
At Costco, this membership plan gets you the following:
- Annual membership fee of $60
- One free Household Card
- Useable at all Costco locations globally
- Add affiliate cardholders for $60 each
- Purchases are meant for resale
- Members must provide Costco with the resale information
Gold Star Membership
This basic membership plan at Costco includes the following features:
- Annual membership fee of $60
- One free Household Card
- Valid at all Costco locations worldwide
Executive Membership
Once you upgrade to a Costco Executive membership, here’s what you should expect:
- $120 annual membership fee
- One free Household Card
- Valid at all Costco locations worldwide
- An annual 2% reward on eligible purchases
- Benefits on Costco Travel purchases
- Additional benefits on some Costco Services
How Much Does A Costco Business Membership Cost?
When you sign up for this membership, the annual fee plus sales tax is $60. However, you can also pay for additional cardholders, $60 per card.
Therefore, your total annual fee will vary depending on the number of cardholders added.
What Are The Benefits Of A Costco Business Membership?
Registering your business for a Costco Business membership comes with some benefits. Let’s take a look at some of them.
Executive Membership Benefits
Once you sign up for this membership, you can go with the Basic plan or the Executive option.
Moreover, business operators choose the Business Executive membership for additional benefits.
Also, some of the benefits include an annual 2% reward of up $1,000 on purchases.
Further, you get lower prices on free road assistance if your car is covered by an auto insurance program and check printing.
Additional Cardholders
If you subscribe to Personal membership plans, you get a free Household Card for a member of your household.
However, with a Business membership, you can add more cardholders. Still, keep in mind that you’ll have to pay $60 for each additional card.
That said, this allows you to add more people if you need to shop for the business regularly.
How To Sign Up For A Costco Business Membership
To register for a Costco Business membership, you can complete the process via Costco.com.
First, you’ll need to fill in basic details on the new sign-up page, such as name, date of birth, street address, email address, and phone number.
Additionally, since this is meant for businesses only, Costco needs some business information such as name, address, and contact information.
Once you’ve added the payment details, Costco will email you your membership number within two business days.
To pick up your membership card, visit the membership counter at your nearest Costco location. Additionally, when picking your cards, you need to bring the following:
- Valid government-issued ID
- Email from Costco with the membership number
- Business license or three pieces of business ID
- Resale and tobacco certificate (if applicable)
How Can You Add Additional Members To Your Business Membership?
With the Business membership, you can add several people to your card. For example, here are some of the ways to do it:
- Sign in to Costco.com and select the “Business Details” section to include additional cardholders.
- Talk to the Costco staff at the membership counter at any store. You can find your nearest store by checking the website.
- Fax the request to 425-313-6870 on company letterhead.
- Call the member’s customer service desk at 1-800-774-2678.
When faxing a letter, add the names and phone numbers of the additional members and the signature of the primary member.
Naturally, you should also include a phone number and contact name for easier follow-up.
Can You Change The Primary Cardholder On A Business Membership?
If you want to change the primary cardholder on your membership or replace them, you can do so easily.
That said, you can make the changes by visiting the membership counter at your nearest Costco warehouse; the staff will change this information.
In addition, the primary cardholder can contact Costco via mail or fax and request a change.
Moreover, this letter should include the company’s letterhead, the cardholder’s signature, job title, membership number, and company address.
Is A Costco Business Membership Worth It?
If you regularly shop for business goods from Costco in bulk, the membership is worth it because you need it to complete purchases, and it comes with additional benefits.
Also, since you can add other cardholders to your account, it becomes easier to shop for the business because you have more people to handle the task.
Furthermore, this Business membership includes a 100% satisfaction guarantee. Therefore, Costco will cancel and refund you if you are not satisfied with the service.
To know more, you can also read our posts on whether or not Costco membership auto-renew, Costco Executive membership, and Costco Gold Star membership.
Conclusion
A Costco Business membership allows customers to buy personal, business, or resale products from any Costco location.
Like the other memberships, the Costco Business option is valid for one year; therefore, it needs to be renewed annually.
Moreover, you can choose between the Basic plan and pay $60 annually or the Business Executive alternative at $120 per year.
Lastly, this Business membership option is ideal for companies because you can add extra cardholders. However, you’ll have to pay $60 for each card.
