It will soon be more expensive to be a member of Sam's Club. The fee raise to their annual membership will be Sam's Club's first price increase for membership fees in nine years.
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.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.
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