Sam's Club is set to increase its annual membership fee from $45 to $50 for club members and from $100 to $110 for Plus members, according to finance site CNBC.
Yikes! Price Hikes Coming for Sam’s Club Membership
The price hikes, which are set to take effect on October 17, 2022, will be the first in nine years, CNBC reports.
These changes aren't the only ones Sam's Club has made this year. This spring, the retailer introduced Sam's Cash, a loyalty rewards currency. Earlier this summer, the store discontinued free curbside pickup for Club level members.
How Sam Club’s Membership Fees Compare to Other Wholesale Clubs
Once Sam’s Club raises its membership fees in October, here is how it will compare to the other major wholesale clubs.
| Wholesale Club | Membership Fee (Basic) | Premium Membership Fee (Premium) |
|---|---|---|
| Sam's Club | *$50 | Plus -- *$110 |
| Costco Wholesale | $60 | Gold Star Executive/Business Executive -- $120 |
| BJ's Wholesale | $55 | Perks Rewards -- $110 |
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Final Thoughts
If you're a Sam's Club shopper, the new membership price hikes are bound to sting a bit. One way you can save when you shop there is by using the Sam's Club Mastercard, which offers 5% savings on gas and makes Team Clark's best cash back credit cards list.
The post Price Hike: Sam's Club Is Raising Membership Fees Soon appeared first on Clark Howard.