If Walmart is your main shopping option, a Sam’s Club credit card may be a good investment. There are a number of benefits that come with using one of these cards.
In this article, we will be discussing everything that there is to know about the Sam’s Club credit cards, including which options are available and how they work. More so, we will mention how you can go about ordering a credit card.
- What Is a Sam’s Club Credit Card?
- How to Apply
- How it Works
- Best Features
- Bank Contact Information
- Rates and Fees
- Benefits of the Card
- Should You Apply?
- Sam’s Club Mastercard and Sam’s Club Plus
What Is a Sam’s Club Credit Card?
Shoppers usually invest in Sam’s Club credit cards in order to earn a number of rewards and when making certain purchases.
As we will discuss in more detail below, these cards usually earn clients cash-back between 3% and 5% of their original purchase.
There are a number of additional club credit cards for customers to consider. However, this particular option comes with a number of impressive features and benefits.
For this reason, it is very popular in the US and should definitely be added to your list of considerations.
As we have already mentioned, the Sam’s Club credit card is designed to earn loyal customers cash-back on purchases that they make using the card.
The card can be used in a number of instances.
For example, depending on the type of club card that you have, you will receive rewards for purchasing gas, food, and means of transport.
How to Apply
One of the biggest advantages of this card is the fact that it is incredibly easy to apply for.
In fact, if you follow the online protocol, you should have your account up and running within just a few minutes. The process is also very basic and easy to follow, making it well worth the effort.
There are numerous ways in which you can go about applying.
Many clients do it through the help desk at Walmart stores nationwide. However, you can also make use of their incredibly informative website.
Their Official Website
The official Sam’s Club website includes a ton of information that will make the process that much simpler and easier.
More so, by following the ‘How To Apply’ link, you will be taken through a step-by-step process.
During this process, you will need to fill out numerous forms and make your own personal Sam’s Club account.
How It Works
The Sam’s Club credit cards are actually fairly simple. The company originally created these cards alongside Walmart in order to provide loyal customers with a way of earning rewards.
In other words, the credit card is ultimately used to reward customers who spend a fair amount of cash.
As we have already mentioned, you should consider one of these cards if you spend money on gas, dining, and travel relatively often.
Depending on the type of card that you sign up for, you will earn between 3% and 5% back on your purchases.
The 4 Credit Cards
Clients can earn up to $500 every single year, meaning these cards should definitely be considered.
There are 4 different Sam’s Club credit cards for you to consider. The most basic option will not earn you cash back on gas, travel, or dining.
This card is accepted at all Walmart stores, includes no annual fee, and acts as your membership card. The most popular option is the Mastercard, which earns rewards on all three aspects.
There are several features that make the Sam’s Club credit cards such good options.
For starters, they are very easy to sign up for. On top of this, all four cards do not include annual fees (we will discuss the pricing in further detail later on).
Sam’s Club credit cards are exceptionally easy to manage. By simply logging into your account online, you will be able to view your spendings and rewards.
More so, you can claim these rewards at any point. As we have already mentioned, the website is very useful when it comes to managing your profile.
No Annual Fee
Unlike other membership cards, Sam’s Club does not charge clients an annual fee.
This makes the card much more budget-friendly in the long run. More so, many clients might forget to pay an annual fee, making these credit cards more convenient.
There are additional costs associated with the card, but these are very reasonable.
Bank Contact Information
If you are sold on Sam’s Club credit cards and want to create your own account, you will need to start by contacting the bank.
Sam’s Club is run through Synchrony bank and licensed by Mastercard International Incorporated. You can obtain their contact details through a number of sources.
If you really wanted, you could even visit the bank in person and sign up for a membership. With that said, it is much easier to simply contact the bank via the email chat available on their website.
The phone number is (800) 964 1917. The bank will get back to you as soon as possible in order to set up your personal account.
Convenient, Quick, and Easy
As we have already discussed, signing up for a Sam’s Club credit card is exceptionally easy and convenient.
Their postal address is Sam’s Club, 2101 SE Simple Savings Drive, Bentonville, AR 72716-0745, Attn: Membership Services. Once contacting the bank, they should get back to you within a few days.
It is important to note that the bank will need to do a background check on your income in order to ensure that you qualify for the card.
Rates and Fees
So, you may be wondering how much it costs to sign up for a Sam’s Club credit card. This answer depends on the type of account that you have.
For example, if you sign up for the standard credit card, you will only pay a once-off fee of $45. This is the cheapest option, but it does not include any rewards.
If you go for the Mastercard option, your APR will be somewhere between 14% and 24%.
More so, you will be required to pay a once-off fee of $95 when signing up for the credit card. This value depends on your creditworthiness. The most expensive option is the Sam’s Club Plus account.
As we mentioned, the bank will be required to do a background check on your income in order to determine your creditworthiness.
The more you earn, the lower your APR will be.
For example, if you have hefty sums of cash coming in every month, you are likely to pay the lowest APR of 14%.
Benefits of the Card
We already know that there are numerous benefits that come with having a Sam’s Club credit card.
For starters, the rates and fees are reasonable when compared to competitor companies. More so, you will receive great rewards, depending on the type of card you sign up for.
All credit cards double as membership cards, making them extremely convenient. On top of this, Sam’s Club credit cards are accepted at all Walmart stores nationwide, making them versatile.
If you are interested in finding out about additional benefits, be sure to visit their website.
Alternatives to this Card
There are a number of alternatives to the Sam’s Club credit cards.
However, the largest company has to be the Costco Wholesale credit card.
With that being said, this card only offers rewards of up to 4%, meaning that you will not get as much back.
Should You Apply?
So, should you apply for a Sam’s Club credit card? If you often shop at Walmart, it is definitely recommended that you invest in one of these cards.
In the long run, you will get enough money back and earn enough rewards to make the small initial fee and APR worth it.
With that being said, it is also recommended that you have your creditworthiness checked before signing up. If your APR is high and you do not travel or eat out often, it may not be worth the effort.
You can have your creditworthiness checked on the official website for no additional fee.
Who Benefits the Most from These Credit Cards?
Any Sam’s Club member who is looking for rewards would benefit from owning one of these cards.
If you travel, own your own car, or eat out often, you would receive a fair amount of cash back every single month.
If you would like to maximize your rewards, it is recommended that you invest in the Mastercard or Sam’s Plus membership instead of the standard.
Sam’s Club Mastercard and Sam’s Club Plus
We already know that the Sam’s Club Mastercard is a more expensive option than the standard card.
However, it also comes with a number of additional features and benefits, making it worth the added fees. For starters, the card will earn you rewards on gas (5%), travel (3%), and dining (3%).
The Sam’s Club Plus card offers even more benefits and features. While it is the most expensive option offered, you will get access to early shopping hours, the Extra Value Drug list, Optical Plus member benefits, and a protection service plan.
For this reason, if you are an extremely loyal Walmart customer, this card should definitely be considered.
The biggest benefit of the Sam’s Club Plus card is the fact that members will receive $10 for every $500 spent.
This cash-back can earn the client up to $500 every single year.
In the end, this money can be used on rewards, such as flight discounts, or it can be redeemed as actual cash.
There are many benefits to signing up for a Sam’s Club credit card. These cards are designed to earn loyal customers rewards and money back on gas, travel, and dining. It is extremely convenient and can be used at every Walmart branch nationwide.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.