Sam’s Club is raising its annual membership fee

Sam's Club exterior sign
Adobe

It will soon be more expensive to be a member of Sam’s Club.

The wholesale retailer is increasing the price of its annual membership, according to CNBC and Reuters.

Starting Oct. 17, club members will reportedly pay $50 annually. That’s a $5 increase. The price for “Plus” members is also going up. CNBC reports their annual fee will be $110, an increase of $10.

According to Reuters, this is Sam’s Club’s first price increase for membership fees in nine years.

Costco, Sam’s Club’s main rival, still has more expensive annual fees. Costco’s “Gold Star” membership is $60 annually. The “Executive” membership is $120 a year.

By Scripps National

About the Author

Scripps News

Scripps News delivers compelling, context-driven news, fact-based reporting and a deeper look at the "why" of each story with objective, impactful storytelling. Scripps News is available over-the-air 24/7 and on leading connected TV platforms. More.

More to explore