Costco announced a new benefit for executive members that will start on June 30. Here's what to know and other perks of the executive membership.

Costco is rolling out a game-changing update for its Executive Members, offering exclusive perks that make the higher-tier membership even more appealing. The warehouse giant,

Executive members pay $130 a year for their wholesale club membership. Gold star members pay $65 a year. Last Autumn, the wholesaler installed membership scanning devices at the entrance of its warehouses. A new Costco is also in the works for Miami-Dade County.