Costco membership how long does it last

But, like clockwork, my need for three-football-field lengths of paper towels and gallon jugs of mayonnaise eventually pressured me to renew in November. Last year, I wised up, and when I renewed in November I asked that my renewal be dated as of the actual date of renewal. The counter clerk at Costco customer service was happy to accommodate me, and I patted myself on the back for being a shrewd consumer.

As it turns out, Rhonda Dupler and Tempe Evans were shrewder still. When those two residents of New York and California encountered the same backdating pick-pocket, they sued, and their cases became a class action, which has now reached the proposed settlement stage in U. Costco disputes the alleged claims and does not admit any liability or wrongdoing whatsoever, but wants to settle anyway. Costco currently has over 53 million members. If you were one of them, you probably got a postcard or e-mail notice about the proposed settlement.

Former members will receive similar reparations in the form of a temporary membership. Class action settlements have typically awarded victims coupons that often go unused. One piece of the settlement falls short, however. Prior to March, , Costco automatically back-dated renewals that occurred up to five months after expiration. In the settlement, Costco agreed to shrink that to renewals of up to only two months.

All renewals will be at the membership fee in effect on the date the membership fee is paid. If you have a Costco. Have your membership number printed on the back of your card handy! If you decide to renew your Costco Gold Star or Executive membership, hold on to your existing card.

Costco also has a few other easy ways to pay for your membership renewal:. Costco members can also set up the auto-renew feature. Don't worry if you think it's too late to cancel your membership.

This could have some impact on your credit score. It's not a big deal, as it will bounce back after a couple of months. The only big concern is if you're in the middle of applying for a mortgage and you want to keep your credit score high.

In that case, it might just be worth it to hold on to your Costco membership and credit card until after you close. Skip Navigation. Follow Select. Our top picks of timely offers from our partners More details. SoFi Personal Loans. LightStream Personal Loans. We may receive a commission from affiliate partner links.