Sam’s Club raising membership prices

Sam’s Club says it will raise its membership prices.

The $10 increase will go into effect on May 1.

A basic membership will cost $60 per year. The plus version will be twice that at $120.

However, the Walmart-owned company says those members will be able to earn more cash rewards for shopping. The Sam’s Cash rewards cap will be increased from $500 to $750 per year.