If you're a Costco member, it's going to cost you more to shop at the popular warehouse club.
Costco announced this week that it's raising its membership fees by 10 percent next month -- just as the holiday shopping season begins.
Starting Nov. 1, new members will pay $55 for a Gold Star individual membership to shop at the warehouse club for one year. An individual membership previously cost $50. Business members will also pay $5 more annually.
Current members will have to pay the higher fee when their memberships come up for renewal.
Executive-level members, who earn rewards on their purchases, will pay a $110 annual fee, a $10 increase. However, those members will see their rewards limit increased from $500 to $750.
Although the increase is the first in five years, it does make Costco the most expensive to join among the warehouse clubs. BJ's members pay $50 annually while Sam's Club members pay $40 for a basic household membership.
Are you a Costco member? Will the extra $5 make a difference in your decision to renew?