ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Costco Cracks Down On Membership Sharing, Members Will Now Have To Show Valid IDs at Store

Up until now Costco only requested to see the cards at the cash register during the checkout process.
UPDATED AUG 24, 2023
Getty Images | Mario Tama
Getty Images | Mario Tama

Costco is strictly enforcing its membership sharing policy as the wholesale store witnessed a rise in non-members using memberships without paying a dime, as per CBS. The anomaly was noticed during the recently expanded self-checkout where non-members were taking benefits that was meant only for the members. This comes only a few weeks after Netflix rolled out its password-sharing crackdown.

The warehouse's policy hasn't changed as the memberships were never transferable and never will be, a Costco representative told CBS. The spokesperson also said that the company didn't feel it was quite right for non-members to get the same benefits which are enjoyed by the members.

"Costco can keep our prices as low as possible because our membership fees help offset our operational expenses, making our membership fee and structure important to us," a spokesperson told the outlet.

Up until now Costco only requested to see the cards at the cash register during the checkout process. Henceforth, the store will ask the member customers to show their membership cards with their photos, and if the card is without a photo, the member will have to produce a photo ID card to establish the membership.



 

You will be advised to become a member if you buy in bulk. It will save a lot of money in your yearly budget. But what if you don't? Is the Costco membership still worth it? According to Wirecutter, one way is to take benefit of the warehouse club's other services like the price of tires or lifetime maintenance services, pressure checks, flat repairs, and more. Apart from lower prices on products, they also have a generous return policy. The fact that the store can be a stop for errands as it has a food court, optical store, gas station, and also pharmacy can also add to your reasons to get the membership.



 

Executive Membership: This membership plan will cost you $120 annually. The perk includes a free household card and a 2% reward on qualified Costco purchases. It also offers additional benefits and greater savings on Costco Services.

Gold Star Membership:  The membership plan will cost you $60 annually and does include the household card like the prior plan. This plan also lets you add affiliate cardholders at $60 each.

Getty | Mario Tara
Getty | Mario Tara

What is it that fascinates people so much about the membership warehouse so much?

Free Sample: Costco is famous for giving out free food to customers. You can easily taste the sausage before you buy it. 

Great Return Policies: You can easily return an item at Costco and they won't ask a single question. However, there are some things you cannot return like electronics and diamonds.

Happy To Help Staff: The staff at Costco is always smiling and pleasant. They will always go that extra mile to make sure you found what you really needed.

Variety: Costco is called a warehouse for a reason! The vast selection of goods as well as services attract people to the store.

Quality: Quality control at Costco is pretty efficient, and the products are reliable and trustworthy. The aisles are meticulously arranged and the produce selection at the grocery section is also top-notch.

Most Times Membership Pays Off: There's a 2% cashback on all your purchases every year, which is great!

Cheap Gas: A category that makes the store lose money but draws in customers who spend more on other items.

Everything Under One Roof: A place where you could come and spend some quality time with your family while running a few errands. A place where you could buy a diamond necklace but also the $1.50 hotdog and it's also a place with guaranteed parking.

Unbelievable Prices: A first-timer is always astonished looking at the prices. There are only a few places where you could have hot dogs and sodas only for $8.

RELATED TOPICS COSTCO
MORE ON MARKET REALIST
The owner of the collection of Danny Lyon SNCC Civil Rights Posters was left astonished in the end.
6 hours ago
After Harrison bought a signed speed bag for $250, he happened to meet the star at a dinner.
9 hours ago
The contestant, Doug, had a hard time coming up with a sensible answer.
12 hours ago
While Jennings performed a half-baked trick, it still managed to thoroughly entertain the fans.
1 day ago
The player, Andy Schwartz registered the first loss of a car since Seacrest took over as host.
1 day ago
The guest kept his grandparents' antique instruments under his bed for years.
1 day ago
Harris wasn't the only one who came up with an answer that shocked everyone.
1 day ago
Despite getting a high auction estimate, the owner of the Meiji Period lamp chose to keep it.
2 days ago
The player, Gabriel Berkowitz pulled off a perfect night winning over $45,000 and a car.
2 days ago
Harvey showed no mercy after he found out that Sweet Lou Dunbar didn't know how apps work.
2 days ago
The founder of Plop Star made an unforgettable entry and a sad exit from the show.
3 days ago
The host is otherwise quick to reprimand families for backing absurd answers.
3 days ago
While the Marvel comic book fetched a $50,000 appraisal, Harrison felt it was too rich for him.
3 days ago
Jimmy Alexander became the first player to lose a brand-new car on season 43 of the show.
4 days ago
The contestant, Brianne Peterson got extremely unlucky with her letter picks for the final puzzle.
4 days ago
The guest was told that the Jasper Johns Flag Print wouldn't be valuable but it was worth thousands.
4 days ago
It didn’t help that Alvin Rosales was playfully scolded by the host just before losing the Bonus Round.
5 days ago
The photos featured some looks of the show's legendary former host, Alex Trebek, as well.
5 days ago
The player, Kate Stuntz, pulled off a miraculous win to take home over $68,000 and a trip to Iceland.
5 days ago
The owner couldn’t believe the value of Jane Peterson’s "The Floats" gouache painting.
6 days ago