If you're already a Sam's Club member, there is no reason for you not to get a Sam's Club credit card. There may be a lot of credit cards out there that suit your lifestyle but there is no other credit card similar to what the Sam's Club credit card can do.
The Sam's Club credit card offers rewards and benefits from different kinds of purchases including gas, dining, and even your day-to-day purchases like groceries. It can be used anywhere Mastercard is accepted so you know you can avail all of the perks and benefits wherever you go. The card also doubles as your membership card.
If you're interested in learning more about the Sam's Club credit card and how to apply, check out the guide below.
Why Should You Get a Sam's Club Credit Card?
The Sam's Club credit card is a worthy credit card for those who want to spend more on gas and EV charging stations.
While it may not be the simplest credit card out there, it also boasts one of the highest rewards rates available when it comes to credit cards. The card also works as your Sam's Club membership card and you don't need to spend anything else just to enjoy the perks that are waiting for you.
Any member of Sam's Club should apply for this card as there are a lot of rewards to partake even if you don't have to spend thousands of dollars for every transaction.
When you sign up for the card, you get a $30 statement credit upon opening the account and making a $30 Sam's Club purchase.
Interest Rates and Fees
The Sam's Club credit card offers one of the most affordable interest rates and fees when using the card. The card currently does not have any annual fee nor will you ever have to pay any foreign transaction fee.
All you need to spend is a minimum cost of $45 for the annual membership fee as a Sam's Club member.
While there is currently no introductory APR for the card, you can still enjoy a relatively low APR for purchases at 20.65% to 28.65% depending on your creditworthiness.
Earn Rewards and How to Redeem
The credit card is popular for a reason. It is one of the few credit cards that offer some of the highest rewards rates. You can earn 5% cash back on gas at any place where Mastercard is accepted. This goes on the first $6,000 per year and reverts to 1% after.
You can earn an additional 3% cash back on dining and takeout from your favorite restaurants. There is also another 3% cash back for qualifying purchases made with the card for Plus members on top of 2% Sam's Cash which gives you a total of 5% cash back on these transactions.
You can then redeem the rewards for either cash at your local club or choose different rewards depending on the category that you like on the website.
The best part is that these cashback rewards do not expire so you can continue to collect the rewards and redeem them for much bigger prizes.
Get Even More Perks With the Sam's Club Credit Card
The rewards experience alone should be enough for you to get this card but more surprises are waiting for you. The Sam's Club credit card doubles as your Sam's Club membership card so you can avail all the services that are available as a club member.
You can also use the card at any Walmart stores all over the US and expand your shopping options. As a Mastercard, you are entitled to varying rewards tiers depending on the type of card that you have. All of your purchases are protected and the card has the standard identity theft protection feature.
When you have the Elite Mastercard, you are entitled to both purchase and travel protection, mobile phone insurance, and even complimentary subscription services to the streaming service of your choice.
How to Qualify for the Sam's Club Credit Card
Before you can apply for the Sam's Club credit card, you should first qualify as a member. You can only apply for the card if you are a Sam's Club member.
Applicants must be 18 years old and above and must have an income that can support the costs of owning the card. Certain documents may be required from you during the application which include proof of identity, proof of income, and other personal details like phone number and home address.
For more information, you can call their customer service number at (866) 220-0254 or you can visit their main office at 2101 SE Simple Savings Dr, Bentonville, AR 72712, United States.
Applying for the Sam's Club Credit Card
Once you have all of the required documents prepared, apply for a Sam's Club membership first before you apply for the card. You can choose the Standard membership or the Plus membership.
After registering, you can then apply for the card by submitting an application form and waiting for their call for more information. You should receive your approval in a few days but this can vary depending on the documents that you have submitted.
Once approved, you should receive your card in the mail after a few days.
Sam's Club Credit Card FAQs
When it comes to owning a Sam's Club credit card, you might have a few questions especially if you are still new.
Here are some of the most frequently asked questions when owning a Sam's Club credit card.
How to Use Sam's Club Credit Card?
To use the credit card, all you need to do is sign up and become a member of the club. Once you receive your card, you can use it just like any other credit card.
You can avail all of the benefits, perks, and even more, rewards if you shop and use the card at partner merchants and establishments.
It is highly recommended that you sign up for the card to get the Plus membership to unlock even more rewards for your card.
How Much is the Membership?
The basic membership at Sam's Club costs around $45 per year but if you want to explore more options and rewards, you can avail the Plus membership.
The Sam's Club Plus membership costs $100 per year and you can avail of perks like free shipping, early in-store shopping, cash rewards, and more.
Anyone who frequently makes purchases at Sam's Club or Walmart will surely love the Sam's Club credit card. If you're looking for a credit card so that you can thoroughly enjoy certain benefits like gas, dining, and regular purchases, this credit card should be at the top of your list.
Disclaimer: There are risks when applying for and using credit products. Make sure to consult the bank's terms and conditions page before accepting anything.