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