Introduction:
Costco is one of the largest retail giants in the whole of the USA, providing every item possible, starting from groceries to electronics. With over 830 stores situated in the 50 states of the country, Costco’s sales are always through the roof with their annual revenue up to 190 billion US dollars. The local wholesale warehouses surmount every product and are quite accessible to the general public. Mainly, it is headquartered in Washington state in the United States but has numerous branches in Europe and Asia. Let’s know how to cancel Costco membership.
While Costco has established its brand name all over the globe, it offers low-price membership offers for regular customers. Costco offers several membership deals to attract more customers. But sometimes, customers realize that they don’t necessarily use the membership card the whole time and end up losing profits in their investment. If you want to cancel the Costco membership as you don’t get much time and effort to actually shop at Costco, let’s look at some of the ways you can cancel the membership service at Costco.
Costco Membership Deals:
To benefit from their discount deals on wholesale products, customers might have to sign up for a membership offer. They offer two membership deals, the Gold Star Membership costs up to 60 dollars per year while the Gold Star Exclusive Membership deal costs up to 120 dollars a year. With this initiative, Costco has gained loads of customers with more than 100 million active members. The revenue production due to membership fees costs only about 2% of its total net sales. Even this small amount has led to making Costco a more reputable and authorized store.
How To Cancel Costco Membership? :
There are a couple of ways to cancel a Costco membership quickly, without any hassle.
- Physical Costco Store
If you are the primary cardholder, you can simply drive up to the nearest Costco store and head to the desk manager to cancel the membership deal. This is the easiest way to cancel a membership for people who aren’t comfortable with online transactions. You will simply get the refund at the brick-and-mortar store itself.
- Call the Customer Services
If you prefer to speak with someone over a call and do not wish to drive to the store, you can call the Costco customer service line at 1-800-774-2678 and ask for a refund. You will need to confirm your personal details and be handy with the membership card. This is quite convenient as it doesn’t take up much time and you can cancel your membership sitting at home.
Costco membership cannot be canceled via online methods, it has not yet taken over this medium. You can cancel the membership services through a phone call or in-person at the store.
What Is Required To Cancel A Costco Membership? :
For canceling a Costco membership, you must have a few things in hand to move the process easily.
- Membership Card
Only the primary cardholder can cancel the card services, or the person next-to-kin. If somehow, the card gets misplaced, you can ask the staff to pull up your information via your personal details like name, phone number, or address. The person who opened the account is eligible to cancel the services.
- Personal Identification
If you cancel the membership in-store, you must bring a valid form of identification including a passport, driver’s license, or state-issued photo ID. For the cancellation through a phone call, the customer service associate might ask some security questions to confirm your identity.
Does Costco Offer A Refund After Canceling Membership? :
Costco offers a convenient and reliable method to refund your membership. Even if the customer has been using the membership for the past few months, Costco will provide you with a full refund on the membership card services. There are a few guidelines you must pay heed to, before canceling the membership.
- Before they can refund your membership money, it must first be deposited into your bank account. Because this occurs on the third of each month, we encourage members to request refunds around that time.
- You may also need to validate the amount you were charged and the credit card details used for the subscription in order to complete the refund in person or over the phone.
How To Downgrade Costco Membership? :
Instead of terminating your membership, consider lowering your tier, which is only available to Executive members. To make a request, just phone customer care at 1-800-774-2678 or visit a warehouse in person. The difference in price between a Gold Star and an Executive membership ($60) will be reimbursed to you, less any incentives you have earned.
Conclusion:
Canceling Costco membership services does not require much effort as the company is quite flexible and reliable in its policies. Costco provides a full refund on the cancellation of the membership services. It does not matter if you cancel it via a phone call or in-person at the store.
FAQ:
- Is Costco membership refundable?
Yes, Costco gives a full refund on the cancellation of membership services.
- Can I cancel the membership online?
No, Costco does not offer an online cancellation facility.
- Is the Costco membership deal for one person?
Only one person is allowed to purchase through a Costco membership.
