What is a Costco Business Membership? (all you must know)
Costco is known for its bulk products, competitive low prices and warehouse club format.
In order to serve all customers, Costco has different levels of membership. What is Costco Business membership and what does it mean? Here’s everything you need to know!
What is Costco Business Membership in 2022?
Costco Business membership allows customers to purchase personal, business or resale products from any Costco location in 2022. Like other memberships, the Costco Business option is valid for one year; therefore, it needs to be renewed annually. You can choose the Basic plan and pay $60 per year, or choose the $120 Business Executive alternative.
To learn more about Costco Business membership, how it works, how to sign up, and annual fees, keep reading!
What is the difference between Costco individual membership and corporate membership?
Costco customers can choose between Costco individual and business membership programs.
For each membership option, you may also need to choose the Basic or Executive plan for additional benefits.
Additionally, here are the differences between Costco memberships:
Member companies
At Costco, this membership program gives you:
- $60 annual membership fee
- a free family card
- Available at all Costco locations worldwide
- Add membership cardholders for $60 per person
- buy for resale
- Member must provide Costco with resale information
Gold Star Member
Costco’s basic membership plan includes the following features:
- $60 annual membership fee
- a free family card
- Available at all Costco locations worldwide
Executive Member
After upgrading to Costco Executive membership, you should expect the following:
- $120 annual membership fee
- a free family card
- Available at all Costco locations worldwide
- 2% bonus per year on eligible purchases
- Costco Travel Shopping Deals
- Additional benefits of 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 $60 per card for additional cardholders.
Therefore, your total annual fee will vary based on the number of cardholders added.
What are the benefits of a Costco business membership?
Signing up for a Costco Business membership for your business offers several benefits. Let’s take a look at some of them.
Executive Member Benefits
After you sign up for this membership, you can choose the basic plan or the executive option.
Additionally, business operators opt for Business Executive membership for additional benefits.
Additionally, some benefits include a 2% annual purchase bonus up to $1,000.
Plus, you can get a lower price for free road assistance if your car is covered by an auto insurance plan and check printing.
Additional cardholder
If you subscribe to an individual membership plan, you will get a free family card for your family members to use.
However, with a business membership, you can add more cardholders. However, keep in mind that you will have to pay $60 for each add-on card.
That said, this allows you to add more people if you need to shop regularly.
How to Sign Up for a Costco Business Membership
To sign up for Costco Business membership, you can complete the process through Costco.com.
First, you’ll need to fill out basic information on the new registration page, such as name, date of birth, street address, email address, and phone number.
Also, since this is only for businesses, Costco requires some business information such as name, address, and contact information.
After you add your payment details, Costco will email you your membership number within two business days.
To pick up your membership card, go to the membership counter at your nearest Costco store. Additionally, when picking out cards, you will need to bring the following items:
- Valid government issued ID
- Email from Costco with membership number
- Business license or three business licenses
- Resale and tobacco certification (if applicable)
How do you add other members to your corporate membership?
With a business membership, you can add several people to your card. For example, here are some ways to do it:
- Log in to Costco.com and select the “Business Details” section to include other cardholders.
- Talk to a Costco staff member at any store’s membership counter. 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 letters, include the names and phone numbers of other members and the signature of the principal member.
Of course, you should also include a phone number and contact name for easy follow-up.
Can you change the primary cardholder of a corporate membership?
If you want to change the primary cardholder of a membership or replace them, you can do it easily.
That said, you can go to the membership counter at your nearest Costco warehouse to make changes; staff will change this information.
Additionally, the primary cardholder may contact Costco by mail or fax and request a change.
In addition, the letter should include the company’s letterhead, cardholder’s signature, title, membership number and company address.
Is Costco Corporate Membership Worth It?
If you frequently buy commercial items in bulk from Costco, membership is worth it because you need it to complete your purchases and it has added benefits.
Also, since you can add other cardholders to your account, you can buy the business more easily because you have more people to handle the task.
Plus, this business membership includes a 100% satisfaction guarantee. Therefore, if you are not satisfied with the service, Costco will cancel and refund you.
To learn more, you can also read our posts on whether Costco memberships auto-renew, Costco Executive memberships, and Costco Gold Star memberships.
in conclusion
Costco Business membership allows customers to purchase personal, business or resale products from any Costco location.
Like other memberships, the Costco Business option is valid for one year; therefore, it needs to be renewed annually.
Additionally, you can choose the Basic plan and pay $60 per year, or choose the Business Executive alternative for $120 per year.
Finally, this business membership option is great for companies because you can add additional cardholders. However, you must pay $60 per card.
