How to Cancel Costco Membership | A Complete Guide

Costco is a popular wholesale store where you can buy many products at lower prices. If you’re thinking about to cancel Costco Membership, don’t worry! It’s very easy to do.

Costco has different types of memberships: Executive Membership, Business Membership, and Gold Star Membership. Each type has its special benefits to help you save money and get more value.

Let’s explore how to cancel your Costco membership, and how you can cancel your membership in an easy simple process.

How to Cancel Costco Membership: Step-by-Step Guide

1. Visit a Costco Store

The easiest way to cancel your Costco membership is to go to a Costco store. When you get there, go to the Membership Counter and tell the staff that you want to cancel your membership. They will help you do it.

2. Call Costco Member Services

You can also cancel your membership by calling Costco at 1-800-774-2678. The customer service team is there to help from Monday to Friday, 6 a.m. to 6 p.m. PT, and on weekends from 8 a.m. to 5 p.m. PT. Just tell them you want to cancel, and they’ll help you on the phone.

3. Use Costco’s Online Chat

Another easy way is through Costco’s online chat. Go to the Costco website, find the Customer Service section, and start a chat with a representative. Let them know you want to cancel, and they will help you step-by-step.

What Is a Costco Membership?

Costco offers a membership program that allows you to shop at their warehouses. You can find everything from groceries to electronics, clothing, furniture, and even gas at discounted prices. There are two main types of memberships:

1. Gold Star Membership: This is the standard membership that most people get. It costs around $60 a year.
2. Executive Membership: This premium membership costs around $120 a year and comes with additional perks, such as 2% cashback on most purchases.

Types of Costco Memberships

Costco offers three main types of memberships: Executive Membership, Business Membership, and Gold Star Membership. Each one has special benefits to suit different needs.

1. Gold Star Membership
   • Who It’s For: This is the basic membership for individuals and families.
   • Benefits:
     • Access to all Costco warehouses.
     • Ability to buy items in-store and online.
     • Special deals and discounts on products.
     • Price: Usually around $60 per year.
2. Executive Membership
   • Who It’s For: This is great for frequent shoppers who want more benefits.
   • Benefits:
     • All the benefits of the Gold Star Membership.
     • Earn 2% cashback on eligible purchases, up to a certain limit.
     • Extra discounts on services like insurance, travel, and more.
     • Price: Usually around $120 per year.
3. Business Membership
   • Who It’s For: Designed for business owners and their employees.
   • Benefits:
     • Access to all Costco warehouses, just like the Gold Star Membership.
     • The ability to purchase items for resale.
     • You can add additional cardholders for employees.
     • Price: Usually around $60 per year.

Some Reasons to Cancel Costco Membership

There are a few reasons why you might want to cancel your Costco membership:

• Saving money: If you’re trying to spend less, canceling your membership can help you save some money.
• Not using it enough: If you don’t go to Costco very often, you might feel like the membership isn’t worth the money.
• Moving far away: If you’re moving to a place where there’s no Costco nearby, it might not make sense to keep paying for the membership.
• Shopping somewhere else: Maybe you found another store you like better and don’t need the Costco membership anymore.

Things to Know Before You Cancel

Before you cancel your Costco membership, here are some important things to think about:

• You’ll lose all Costco perks: Once you cancel, you can’t shop at Costco stores or online. You also won’t be able to use their gas stations, tire centers, or pharmacy.
• No cashback for Executive Members: If you have an Executive Membership and cancel before getting your yearly 2% cashback, you won’t receive that money.
• You can rejoin anytime: If you cancel now and change your mind later, you can always get a new membership in the future.

How to Cancel Costco Membership for Someone Else

If you need to cancel a Costco membership for a family member or friend who has passed away or can’t manage their account anymore.

• Go to a Costco store: Bring proof that you’re allowed to handle their account, like a legal document.
• Call Member Services: You can also call Costco and explain the situation. Have any needed documents ready?

Will Costco Keep My Purchase History After I Cancel?

Yes, Costco will keep your purchase history even after you cancel your membership. This is useful if you need to return something later or want proof of a past purchase. You can still get this information by calling customer service.

Can I Cancel Costco Membership Purchased as a Gift?

If someone purchased a Costco membership for you as a gift and you want to cancel it, you can. You’ll need to follow the same steps as regular members to cancel. However, the person who bought the membership will receive a refund.

Will I Get My Refund If I Cancel Online or by Phone?

Yes! If you cancel in-store, online, or by phone, Costco will issue a full refund of your membership fee. However, the refund process might be quicker if you cancel in person since they can handle it immediately.

Does Costco Automatically Renew My Membership?

Yes, Costco automatically renews your membership each year. This is handy because you don’t have to remember to renew it. But if you don’t want the membership anymore, be sure to cancel it before the renewal date so you won’t get charged for another year.

To stop the automatic renewal, you can:

• Visit the Costco website: Go to your account settings and turn off the auto-renewal.
• Call Costco Member Services: You can also call to stop the automatic renewal over the phone.

Costco Membership Refund Option

• 100% Satisfaction Guarantee: If you’re not happy with your membership, Costco will give you back your whole membership fee anytime during the year, no questions asked. This applies to both Gold Star and Executive memberships.
• How to Get a Refund: You can get your refund by canceling in person, over the phone, or through the online chat. If you cancel in the store, you usually get your refund right away. If you cancel online or by phone, the money will be returned using the same payment method you used.
• Executive Membership Refund: If you have an Executive Membership and cancel, you will stop earning any future 2% cashback rewards, so keep this in mind.
• No Partial Refunds: Costco does not give partial refunds. You will receive the full amount back, even if you’ve used your membership for most of the year.

Cancel Costco Membership in the UK

To cancel Costco membership in the UK, you can do it in a few easy ways:

• In-Person: Visit your nearest Costco store and go to the Membership Counter. Bring your membership card and an ID. A representative will help you cancel.
• By Phone: Call Costco UK customer service at 0800 0324 324. They can assist you with the cancellation and any refunds.
• Online: You can also cancel through the Costco UK website by contacting customer service via email or chat.

Read also: How to Cancel Crunchyroll Membership

Cancel Costco Membership in Australia

To cancel Costco membership in Australia, follow these steps:

• In-Person: Go to any Costco store in Australia and visit the Membership Counter. Bring your membership card, and a representative will help you cancel and refund your fee.
• By Phone: Call Costco Australia’s customer service at 02 9469 7999 to request a cancellation.
• Online Chat: You can also cancel using the online chat service on the Costco Australia website.

Cancel Costco Membership Due to Death

If you want to cancel Costco membership because a member has passed away.

• In-Person: Go to a Costco store and bring proof of death, like a death certificate. If you have it, bring the membership card, too. The staff will help you cancel the membership and process any refunds.
• By Phone: You can also call Costco customer service. Explain what happened, and they will help you with the cancellation. Be ready to provide any needed documents, which you may have to send by mail or email.
• Transferring Executive Membership: If the member was an Executive Member, they will not get cashback rewards. However, family members can ask about transferring the membership, especially if it was a household membership.

Read also: How to Cancel YMCA Membership

Conclusion

Choosing to cancel Costco membership is a personal decision. If you notice you’re not using it enough to make it worth the cost or if there isn’t a Costco close to where you live, it might be a good idea to cancel. The great news is that Costco offers a full refund on memberships anytime, so you don’t have to worry about losing money.

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