Costco Annual Membership Fee Increased 10%

Costco Wholesale Corp announced they will raise membership fees 10% in 2011. Today we got the letter in Canada : The Executive Membership fee is increasing from $100 CAD to $110 CAD.

“The annual membership fees that we collect allow us to keep prices low. In order to provode members with even greater value on everything we offer, we are increasing our membership fees.”

“…We are also increasing the maximum 2% Executive Reward amount from $500 to $750, allowing you to earn even more annually.”