Costco members should be wary of sharing their cards with Quaker or family as the company have action against non - members . The company announced on Tuesday that it is crack down on notice - share-out , and members will shortly be required to show cogent evidence of identification at the check-out procedure counter before they can make a leverage .
While the company has not confirm when the Modern policy is gestate to go , customers should reconsider using a borrowed card or risk being turned away at the counter . Costco has always requested the client ’s membership card at the register , but its new policy will require seeing picture ID if their membership card does n’t have a photo .
“ Our rank policy states that our membership card are not transferrable and since flesh out our self - service checkout , we ’ve detect that non - member shoppers have been using membership card that do not belong to them , ” a company interpreter said in an emailed statement to Gizmodo . “ Costco is able-bodied to keep our damage as low as potential because our membership fees help offset our operable expenses , making our rank fee and body structure important to us . ” The spokesperson continued , “ We do n’t sense it ’s correct that nonmember experience the same benefits and pricing as our extremity . ”
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Costco has not raised its rank costs since 2017 , remaining competitive with its rival storage warehouse depot , BJ ’s , and rising above other competitors likeAmazonand Walmart ’s Sam ’s Club which have arouse their membership fees . Chief Financial Officer Richard Galanti told investor in March , “ It ’s a question of when , not if ” the prices will go up , add , “ We ’ll let you know,”Fortunereported . And while Costco has hinted at terms step-up , its members extend to pay off $ 60 for a standard membership or $ 120 for an upgraded executive rank .
The company reported it has intimately 125 million members as of June 22 and service 69.1 million family across the U.S. , according to Costco’swebsite . It has also seen an growth in sales , contribute in $ 222.7 billion in 2022 , an increase of 9 % from the previous year .
In itsannual 2022 filings , Costco pronounce : “ The extent to which we accomplish emergence in our rank base , increase the insight of Executive rank , and get in high spirits renewal rates materially influences our profitability . ”
Despite its increase tax revenue , Costco ’s move to combat card - sharing mirrorsNetflix ’s effort to stop password - sharingamong users who do n’t live in the same family . The streaming company herald the modification to consumers last calendar month , sending out an e-mail stating : “ Your Netflix account is for you and the the great unwashed you live with — your home , ” withdirections on how to portion out the invoice . The company order password share-out ultimately hurts its bottom line and instated the variety thatNetflix users are now required to payan extra $ 7.99 to add an extra member to their account .
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