How to Cancel Your Costco Membership Easily

Ever found yourself with a Costco membership but as life changed, you are now wondering how to cancel Costco membership simply because those bulk purchases are no longer on the agenda?

Well, fear not; because canceling your Costco membership isn’t an intricate maze; it’s as straightforward as grabbing your phone or making a quick stop at the nearest warehouse.

We’ll show you the easy steps to cancel your Costco membership and share important things you should know concerning Costco membership.

How to Cancel Costco Membership Online

Before you cancel your Costco membership, you’ll need the Costco Membership Card and a Valid form of Identification.

There are two methods to cancel your Costco membership and they are;

1. Visiting Costco to Cancel Your Membership

(i). If you want to stop your Costco membership, you’ll need your membership card. Only the main member can cancel it, so if it’s not you, get them to do it. If you’ve lost your card, Costco can still help if you know your phone number, address, or birthdate.

(ii). For security, Costco needs to check who you are before canceling. Bring your driver’s license, passport, or state ID.

(iii). You can cancel at any Costco, not just where you signed up. Find the nearest one using Costco’s location tool.

(iv). Show your card to enter, or tell the door employee you lost it and need to cancel. They’ll guide you to the membership counter.

(v). At the counter, show your ID and card. If you lost the card, they might ask questions to verify. They should refund your whole annual fee, even if you used the membership for most of the year.

2. Canceling Your Membership Over the Phone

(i). Find your Costco card and note the number on it. Be ready to share it and your details like address and phone number.

(ii). Call Costco at 1-800-774-2678. You’ll hear a recorded message. Look for the option about “Membership” and choose it.

(iii). Select the “Cancellation” option. Follow the instructions to enter your 12-digit card number and answer some identity questions.

(iv). Ask for confirmation. If using the automated system, it might ask for your address or email to send confirmation. If talking to a person, request confirmation and check they have your correct contact info.

(v). Your full annual fee will be refunded.

If you’re not using your Costco membership or if you’re moving to a smaller place without space for bulk shopping, it might be a good idea to cancel it.

Also, if the nearest Costco is too far, the membership might not be very useful.

Can I Keep My Costco Card After Canceling my Membership?

If you decide to cancel your Costco membership, be aware that you’ll lose the Costco credit card too.

One popular option is the Costco Anywhere Visa Card by Citi, which gives cashback on purchases at Costco and elsewhere.

The rewards are good, and there’s no extra fee for the card, but you must be a Costco member. If you cancel your membership, your card and rewards go away.

Keep in mind that closing the card might affect your credit score, as the length of your credit history and available credit impact it.

So, consider this before canceling, especially if you have a Costco Citi card.

At Costco, you get good stuff at cheap prices. Having a membership is great for buying lots of things in one go, and you get cool discounts and rewards.

What are the Benefits of Costco Membership?

There are lots of benefits of Costco Membership and some of them are;

1. Price Adjustments: If something you bought goes on sale, they might adjust the price for you.

2. Purchase Records: They keep track of all your purchases, handy if you need a refund or price adjustment.

3. Costco Travel: You can access travel deals and benefits through Costco.

4. Online Shopping: Apart from in-store, you can also shop conveniently on their website.

5. Gas Stations and More: Your membership opens doors to Costco’s gas stations, as well as their hearing aid centers, optical centers, and pharmacies.

How to Temporarily Stop or Freeze Your Costco Membership

Instead of completely canceling your Costco membership, you have the option to freeze or pause it, which is quite flexible.

For instance, military members often do this when they’re deployed and can’t use Costco It’s like pausing your membership.

You can pause it for a specific time and then restart it later by paying the renewal fees when you’re ready.

Costco memberships typically cost $60 or $120, and the renewal usually happens at the beginning of the month, depending on when you initially signed up.

When checking your statements, you might see the Costco membership renewal charge on your credit or debit card listed as “COSTCO *ANNUAL RENEWAL 800-774-2678 WA” or something similar.

It might also appear if you’re using other services, such as PayPal.

What are the Similar Services to Costco?

If you’re looking for the same kind of services, there are many other stores similar to Costco. And they are;

1. Sam’s Club

The annual cost for a basic membership to Sam’s Club is $45. It is a membership store. They also offer an easy membership for $100 that gives 2% cash back on Sam’s Club purchases.

Like Costco, they do not offer the military a discount but provide some other benefits. The number of Sam’s Club stores is around 600 throughout the US and Puerto Rico.

There is a way to cancel your membership at Sam’s Club if you ever need it.

2. BJ’s Wholesale

If you consider BJ’s Wholesale they have different membership options. A simple one is $55 a year, and there’s even an easier version that costs $ 100. They also provide online-only memberships, which cost $10 annually.

Online membership however presupposes purchasing goods via their website but not in the stores.

If you are in the military they offer a discount, Military members receive 25% off their membership and a $10 coupon. There are BJ’s in 17 states.

3. Walmart

Walmart+ is a club that allows you to enjoy cool perks if they join. It costs $12.95 a month. As a member, you benefit from special discounts provided to members – free shipment for some items and lower prices on certain products.

Also, you will first see the sales. As for members, if they use the Walmart pharmacy or gas station, there are additional savings. 

However, should you wish to terminate Walmart+ service at any point in time, one can learn how it is done.

If you end up choosing to leave your Costco membership at any time, do not think about it as shutting the door on this entirely; rather, it is just a temporary pause.

You can freeze it for a while, and when you’re ready to go back into the world of bulk shopping and great deals, just thaw it out by paying the renewal fees.

And, if you ever find yourself lost in the process, Costco’s friendly people are there to guide you through. So, it’s not a farewell; it’s more like a “see you later” to your Costco adventures.