Starting Oct. 17, Sam's Club's annual fees will increase from $5 to $10 depending on membership level.
Sam's Club president and CEO Kath McLay announced the fee hike in a letter sent to members Wednesday.Starting Oct. 17, the annual fees will increase from $5 to $10 depending on membership level.A Plus membership, which includes extended shopping hours and other perks, will cost $110, up from $100.
"We are mindful of the financial pressure on wallets right now. So, this year’s renewal is on us," McLay said. "We’re giving back $5 in Sam’s Cash to Club members and $10 in Sam’s Cash to Plus members shortly after renewal."have said multiple times in recent months that it was “not the right time” to raise annual membership fees.
Costco last hiked membership rates in June 2017 and past increases have happened five to six years apart, officials said.
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