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One of America’s most popular wholesale clubs is about to raise its membership prices.
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.
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.
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 |
Read more about the differences between Sam’s Club, Costco and BJ’s.
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.
Read more on how the Sam’s Club Mastercard can save you money.
This post was last modified on September 1, 2022 8:28 am
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