Sam’s Club is raising prices again. Here’s what you’ll pay starting May 1

If you’ve been thinking about joining Sam’s Club, you may want to act fast: The annual membership fee will go up $10 starting next month. The Walmart-owned chain of warehouse stores has been emailing existing members this week to alert them of the price increases. Effective May 1, a standard Sam’s Club membership will cost $60, up from $50, while the cost of a Plus membership will increase to $120 from $110. The company is clearly trying to push more people to its higher-cost Plus membership, as it’s also upped the cap on its 2% cash back rewards these members can earn—from $500 annually to $750.  The company confirmed the price increases to Fast Company and indicated that current members will renew at the updated rate during their next billing cycle. However, a few people on Reddit have noted that they were able to renew their memberships early at the current prices. WHAT’S BEHIND THE PRICE INCREASE The forthcoming price change marks the second time in five years that Sam’s Club