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 contestant was also defended by some who said they would've made the same mistake.
2 hours ago
While the item received a record-breaking appraisal, a flaw prevented its value from going higher.
6 hours ago
She has starred in classic films such as "Sixteen Candles", "The Lost Boys", and "Twister".
18 hours ago
What is Judy Sheindlin’s salary per episode? Here’s what we know about the TV judge and her new IMDb TV show, ‘Judy Justice.’
1 day ago
Sajak was criticized by fans on the internet but the contestant clarified that it was just for fun.
1 day ago
Danielle Perez had gone viral after talking about the awkward moment on "The Price is Right" on social media.
2 days ago
The singer also got Malone's number but is only focusing on sharing his work with him for now.
2 days ago
The incident did not bring down the woman's excitement as she kept jumping on stage.
2 days ago
The guest had no idea whose face was engraved on the top of the box and how much it cost.
3 days ago
The young entrepreneur saw a common problem kids his age faced and came up with an invention.
3 days ago
It was a gift from the father of his first client to whom he had sold a condo.
3 days ago
The singer wanted to celebrate his journey by sending fans to the place linked to his early days.
3 days ago
Wait till you hear the list of weird prizes that 'Price is Right' gave in the '50s.
4 days ago
The bottled water from the popular retailer has nanoplastic particles more than the firm's limits.
4 days ago
Most of the sharks had concerns about water pressure even though the product impressed them.
4 days ago
The host wanted to be sure about the signature that added a lot of value to the doll and the cards.
5 days ago
The incident took place on a busy Friday night and the staff failed to keep track of the group.
5 days ago
Some users also told her to just sell the car back and take cash for it instead of just paying taxes.
6 days ago
The man was initially convinced that there was a gold nugget inside the rock but he just couldn't crack it.
6 days ago
The question may not have been suggestive but fans read between the lines and interpreted it their way.
6 days ago