Costco’s plan to raise the price of its membership for the first time in seven years went into effect Sunday.

The wholesale club raised annual membership fees by $5 and $10 in the U.S. and Canada, with gold star and corporate memberships increasing from $60 to $65, and executive memberships rising from $120 to $130, the company said.

The cost increase will affect about 52 million members, just over half of whom are executive members of the club, Costco said in a July press release.

Costco last raised membership fees in June 2017.

Membership with the wholesale giant comes with a host of benefits, including free samples to try, discounts on groceries, gas, home insurance, travel and groceries, and a 2% annual reward on qualifying purchases at any of its 882 warehouses worldwide.

Costco reported net sales of $19.26 billion for the July shopping month, which ended Aug. 4.

This was an increase of 7.1% compared to 2023.

Membership fee revenues increased 7.6% in the third quarter of fiscal 2023.

Membership fees amounted to 1.9% of the company’s total revenue in the fiscal year.