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Fortune
Fortune
Dave Smith

Costco just gave bargain hunters a powerful reason to upgrade to its $130 executive membership

Exterior view of a Costco warehouse (Credit: ablokhin—Getty Images)

Costco this week rolled out its highly anticipated exclusive shopping hours for Executive Members, giving the warehouse giant’s highest-paying customers a compelling new reason to justify its $130 annual membership fee. The new policy, which soft-launched in June but went into effect more broadly on Sept. 1, lets Executive Members access Costco warehouses one hour earlier than regular shoppers during weekdays and Sundays, and 30 minutes earlier on Saturdays.

The move represents a calculated gamble by the retail powerhouse to reward its most valuable customers while potentially driving upgrades from its base-tier Gold Star members, who pay $65 annually. Executive Members already receive 2% cash back on purchases up to $1,250 annually, but the early-access perk adds a tangible benefit that addresses one of Costco’s most persistent customer complaints: overcrowded aisles and lengthy checkout lines.

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