Quick Answer: Why do gyms charge an annual fee?

Is There a Maintenance Fee? Since the average cost of a gym membership has plummeted over the years, the need to supplement that lost revenue has risen. It’s common for gyms to charge an annual “maintenance fee” to members.

How do I avoid annual fee at the gym?

Membership

  1. Try out the gym on the day and time you always intend to work out. …
  2. You can always negotiate. …
  3. The “initiation fee” is almost always negotiable. …
  4. Join a day or two before the end of the month. …
  5. Pay for your membership in advance. …
  6. Canceling can be difficult. …
  7. Hack the machines. …
  8. Only pay for certified trainers.

What is an annual fee for a gym?

How much does the average annual gym membership cost? In the US the average annual membership cost is $507 for the first year. The cost drops to $479 for the succeeding years because you no longer pay any initiation or enrolment fees.

THIS IS INTERESTING:  What are some upper body pull exercises?

Do you have to pay Planet Fitness annual fee?

To access the Planet Fitness facilities, You have to pay an annual fee of ~ $40 and usually used in club maintenance, Repairing and upkeep.

Why did Planet Fitness charge me $39?

According to Planet Fitness’ FAQ page on its website, in order to have access to the gym facilities, there is an annual charge of $39 that “goes towards club maintenance and upkeep.” This fee is due once a year and for a lot of people, that time of the year happened July 1, 2020.

What is the cheapest gym to join?

Five most affordable gym memberships

  1. Planet Fitness. Planet Fitness advertises itself as a gym for people who don’t like gyms, with ads referring to every Planet Fitness location as a “Judgement Free Zone.” …
  2. Cardinal Fitness. …
  3. Your Local YMCA. …
  4. Gold’s Gym. …
  5. LA Fitness.

Is it worth paying for gym membership?

“I think a gym membership is a great option if you plan to use it,” says Shannon McLay, founder and CEO of financial planning firm The Financial Gym. “Not only because it will keep you healthy, but the healthier you are, the less you will have to pay in medical expenses down the road due to poor health conditions.”

Why do gyms have contracts?

“Gym club contracts are drafted in such a way as to not allow a person to quit without suffering a penalty. They are legally binding agreements that can can only be breached when the terms of the contract are unconscionable or otherwise specifically prohibited by law.”

THIS IS INTERESTING:  What do you call a person who does CrossFit?

How much does a gym cost per month?

Analysis by consumer website Finder shows that most gym chains are competitively priced, at an average $21 per week, with joining fees ranging from $0 to $199. Some clubs, such as F45, can cost up to three times as much, roughly $65 a week. Over a year, that’s $3380.

How much does it cost to cancel Planet Fitness?

If you end your membership before the contract term, then you need to pay a planet fitness cancellation fee on early membership termination. The buyout cancellation fee for Planet Fitness is $58. The cancellation fee can be 5-6 times higher than the regular payment, if not done as per the contract.

What month is Planet Fitness annual fee?

The annual fee of $39 is billed on or around eight weeks after your join date. A staff member at your club can help you determine when your annual fee date is.

What happens if you don’t pay Planet Fitness?

In short, yes. If you fail to pay your membership fees, your gym can send your account to collections, which is a major negative mark on your credit report. A gym membership is just like any other recurring bill. The method you used to pay the bill does not matter.

Does Planet Fitness have hidden fees?

Customers should be aware that Planet Fitness charges a $39 annual membership fee that is typically assessed in October. This fee is affordable for people on a budget when contrasted with the majority of fitness companies who charge hidden fees of $75 or more.

THIS IS INTERESTING:  How long should I wait to workout after eating oatmeal?

Is Planet Fitness giving refunds?

Planet Fitness will respond to your inquiry as soon as they can via the email address provided. You can ask for a refund for an unwarranted charge by calling Planet Fitness’ customer service department. The phone line is available 24 hours a day, 7 days a week.

Can you get a refund from Planet Fitness?

Can I get a refund when I cancel my Planet Fitness gym membership? No, Planet Fitness doesn’t offer a refund if you cancel your membership early in the billing cycle.

Design your body