Costco is getting ready to raise its membership prices

Costco (COST) – Get a free report has a hugely loyal customer base with a membership renewal rate of over 90% worldwide and an even higher rate in the United States (92.5%) in the most recent quarter. The warehouse club, as you might imagine, goes to great lengths to protect that retention rate, as members are the lifeblood of its business.

Currently, Costco charges $60 for a Gold Star membership and $120 for an Executive membership. Those rates haven’t increased in more than five years, as a growing number of the chain’s members have moved to the more expensive offering, which comes with 2% cash back up to $1,000 on qualified orders.

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