As of 2023, Costco has over 111 million active Costco customers, some of which are students, middle-aged adults, and even senior members of the public.
As a result, it’s fair to say that Costco’s target market and demographic varies quite a lot. Despite that, all 111 million Costco customers had to pay a minimum of $60 for the privilege of shopping at the retailer.
And with many of the Costco customers being elderly people who are trying to save so money, a lot of American citizens from that demographic wonder if Costco offers a senior discount on memberships.
After some research, we have found the answers to all of the questions that you may have on the topic. To find out more, continue reading.
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Does Costco Have Senior Discounts On Memberships In 2023?
Unfortunately, as of 2023, Costco is not offering discounts on memberships for senior members of the public that want to shop at Costco.
Despite this, Costco provides special shopping hours for senior citizens from 8:30 AM – 10 AM during which senior members over the age of 60 can go to the store and shop in peace.
In addition to that, Costco runs a number of exclusive promotions for certain groups who become new members, like healthcare workers, military service personnel, military veterans, school teachers, and students.
But, what about senior customers. Are there any other discounts available to them? Read on to find out.
Does Costco Provide Discount For Seniors On Their Products And In-Store Services?
No, Costco doesn’t provide its senior members with any additional discount on products and services. This is because Costco is so cheap already, and it wouldn’t make sense for them to reduce their prices even further.
Besides that, it would be unfair on the rest of the customers and even students who may have even less money to spare for their shopping essentials than the elderly.
But keep in mind that the Costco membership provides its elderly customers with special operating hours in the majority of its stores beginning at 8:30 A.M., which is just an hour before the formal opening.
Although this may not be considered as an exclusive deal, Costco still allows its senior citizen members to get their first pick on products and store services with great discounts early on in the morning.
In addition to that, if you still prefer to be in a retail store that actually offers a senior citizen discount as part of their perks, then you can shop and buy the products just like the ones sold in Costco, through retail stores like:
Does Costco Give Any Membership Discounts?
Unfortunately, Costco doesn’t offer any discount on its memberships – regardless of whether you’re a student, a single mom, or an elderly person.
The reason for this is that the majority of the store’s profits are derived from membership fees in Costco, instead of the actual products and services being offered.
In addition to that, the yearly fee of Costco membership, which costs $60 for getting the Gold Star-type of membership has already been considered to be a huge value buy to the average American who can save hundreds if not thousands of dollars per year using it.
But then, Costco would sometimes run a special promotion on membership, which is offered for certain groups such as medical professionals, military service personnel, veterans, teachers, and students.
So, if you’re planning to become a paying Costco member and belong to one of the groups listed above, then you may get a good deal on your membership so do keep an eye out for that.
What Benefits Can You Get From A Membership At Costco?
The number and quality of benefits that you can get from Costco as a member will be based on the type of membership you bought.
In case you get a Gold Star-type of membership, you will be granted the privilege of shopping at any physical Costco location around the world.
But, when you buy an Executive Costco membership, you will not only be eligible for the above-mentioned benefits but also a 2% cashback on selected products up to $1,000, and more.
Conclusion – Does Costco Offer Senior Discount On Memberships?
As of 2023, Costco doesn’t provide a membership discount to senior citizens that want to become Costco members and take advantage of their great deals on thousands of products and services.
Despite this, Costco still offers a number of benefits for senior citizens such as special opening hours where the elderly customers can shop in peace before the store officially opens for the day to all customers.
The only promotion for membership that is currently offered by Costco is for eligible groups like school teachers, military servants, and healthcare professionals.