If you do a lot of your shopping at Sam’s Club, you might want to think about looking into a Sam’s Club Mastercard. Not only can you use the card as a regular credit card, but you also get Sam’s Club Rewards.
Sam’s Club offers a range of financial services to clients that are linked to the club’s membership card. They provide things like credit lines as well as membership cards with perks.
Sam’s Club Mastercard is issued by Synchrony Bank and the Sam’s Club MasterCard is accepted anywhere. Up next we’re going to tell you more about the card’s features and fees.
About Sam’s Club
Sam’s ClubSam’s West, Inc. (doing business as Sam’s Club) is an American chain of membership-only retail warehouse clubs owned and operated by Walmart Inc., founded in 1983 and named after Walmart founder Sam Walton.
As of January 31, 2019, Sam’s Club ranks second in sales volume among warehouse clubs with $57.83 billion in sales. In the United States, Sam’s Club memberships are divided into two categories.
Sam’s Club and Sam’s Plus, each with an annual fee. Sam’s Plus is the more comprehensive membership plan, that includes Cash Rewards, extra savings in Pharmacy and Optical centers, free shipping on items purchased from their website.
Sam’s Club Credit Card
Sam’s Club Credit Card is designed for providing customer value. It is loaded with features and benefits. Let us look at this card in detail below.
As a Sam’s Club Mastercard cardholder, you earn a cashback of up to $5000. As a new scheme, the club now works on a dual purpose. You can use the card both as a credit card and a membership card at all the Sam Club outlets.
Products at Sam’s Club
Just like Walmart, Sam’s Club provides products in many categories, ranging from furniture to pharmacy. From home supplies to pet supplies. They even sell subscriptions and have a dedicated section for members alone!
Fees Structure and Interest Charges
- Variable purchase APR is 14.90% or 22.90%
- Minimum interest charge is $2.00
- 5% for gas purchases at Gas Stations for up to the first $6,000 in gas purchases each year and 1% thereafter
- 3% for dining and travel purchases (excluding purchases at Sam’s Club Travel and other wholesale clubs)
- 1% for all other eligible purchases.
- Maximum of $5,000 in cashback
- No annual fee
How to Apply to the Sam’s Club Credit Card?
Applying for the Sam’s Club credit card is very simple and easy. Just fill out details like your Sam’s club membership number and first and last name. Alternatively, you can use your email address to sign in.
To qualify, you must apply and be approved for Sam’s Club consumer credit card account. You must use your new account to make Sam’s Club purchases amounting to $55 or more within 30 days of the date of account opening.
Those purchases exclude excluding cash advances, gift card sales, alcohol, tobacco, and pharmacy purchases. Your physical card should arrive in 7-10 business days from the date of account opening.
A $55 credit to the account will appear within 90 days after the qualifying purchases are made. Offer is valid for newly opened accounts only and each account is eligible for only one $55 offer.
To find out more about Sam’s Club Credit Card, it is advisable to contact the bank directly. Sam’s Club can be contacted using the following details.
Address: Sam’s Club, 2101 SE Simple Savings Drive, Bentonville, AR 72716-0745, U.S
Phone: 1-888-746-7726 (Member Services)
The whole purpose of this credit card cum membership card is to create more engagement with the Sam Inc products. It will allow you to track all your monthly expenses via the online tool.
If you’re not particularly interested in shopping at Sam’s Club then you can check out other credit cards.
Disclaimer: There are risks involved when applying for and using credit products. Ensure you consult the bank’s terms and conditions page before agreeing to anything.