Friday, August 19, 2022

How To Get Cash Back From Sam’s Club Credit Card

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Earn 3% Cash Back At Sams Club As A Plus Member

sams club business store credit card ($3500 limit)

With the Sam’s Club Mastercard, you can earn 5% cash back on gas , 3% back on dining and travel, 1% back on other purchases.

Your decision to apply for this card might come down to whether youre a Club or Plus member:

  • The higher tier of membership earns 3% cash back on Sam’s Club purchases.
  • Regular Club members only earn 1% cash back on Sam’s Club purchases.

Sam’s Club Plus members also earn 2% cash back on eligible in-club purchases as a benefit of their membership . In combination with the Sam’s Club Mastercard’s rewards, Plus members can earn 5% cash back at Sam’s Club until they hit the limit each year.

Very few other credit cards give bonus earnings at warehouse clubs like Sam’s Club: The 3% that Plus members earn on Sam’s Club purchases is better than you’ll find with most other cards. However, it does cost $100 to be a Sam’s Club Plus member, so you’ll need to do a lot of shopping at Sam’s Club to make the membership cost worth the additional rewards.

The card, by the way, also earns a high rate of cash back on gas on dining. Regular Sam’s Club members might opt to apply for it as a good gas and restaurant card.

Alternatives To Sams Club Credit Card

There are several alternatives to Sams Club credit cards. Costco Wholesale Corp. is the largest competitor to Sams Club. Costco offers its own credit card to its members, called the Costco Anywhere Visa Card by Citi. The card gives members 4% cash back on gas, 3% cash back on restaurants and travel, 2% cash back on all Costco purchases, and 1% cash back on all other purchases.

Another wholesale club chain is BJs Wholesale Club Inc. , which also offers credit cards to its members. The BJs Perks Elite card gives its members savings of 10 cents off per gallon on BJs gas, 5% cash back on most in-club purchases, 2% cash back on dining out and non-BJs gas, and 1% cash back on all other purchases.

The rewards offered by these cards are similar to those offered by a Sams Club credit card. Therefore, the choice among the cards will ultimately depend on which of these stores you visit most often and which carries the products that you need at the lowest price.

Travel Is A Bonus Category

With the Costco Anywhere Visa® Card by Citi, you can earn 3% cash back on your next vacation. You can also combine that rate with value on Costco vacation packages.

The Sam’s Club® Mastercard®eliminated travel as a bonus category in January 2021. You’ll earn only a 1% base rate on travel purchases now.

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Sams Cash* Earned With Your Sams Club Mastercardfrequently Asked Questions

Plus

  • Spend it. Apply it to purchases in club, at SamsClub.com and in the Sams Club app.
  • Pay for membership. Apply it to membership fees in club to renew or upgrade.
  • Cash it out. Get cash back at a staffed register or Member Services.

Note: Your most recent activity may not be reflected in the balance.

Still have questions about the Sams Cash earned with your Sams Club Mastercard? Call the number on the back of your card 24/7 for help!

Club Vs Plus: Which Sam’s Membership Tier Makes Sense For You

Sam

There’s a $55 difference between the Club tier and the Plus tier . To find out whether it’s worth paying that difference and thus reaping the higher rewards rate with the Sam’s Club® Mastercard® consider the math:

  • The card can give you 4% more in cash back at the Plus level, and $55 divided by 4 cents is $1,375. If you spend more than that at Sam’s Club in a year, it may be worth paying more for a Plus tier.

But that figure is not the “break-even” point on the annual cost of a Sam’s Club membership itself:

  • To break even on a $100 Plus membership, you’d need to spend at least $2,000 on eligible Sam’s Club purchases in a year.

  • To break even on a $45 Club membership, you’d need to spend at least $4,500 on eligible Sam’s Club purchases in a year.

Neither of those figures, though, takes into account your spending in the card’s other bonus categories . So it’s worth evaluating where you spend the most before deciding on a membership tier.

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Should You Apply For The Sam’s Club Mastercard

The Sam’s Club Mastercard makes the most sense for people who are already Sam’s Club Plus members and spend a lot of money there. If a Sam’s Club membership isn’t worth it for your specific spending situation, the Sam’s Club Mastercard likely won’t make sense either.

For occasional Sam’s Club shoppers, using a card that has a high earning rate on all purchases may be the better option.

Bonus Find Additional Savings At Sams Club With Amex Offers

But wait, Im not done! Sometimes, you can find further easy savings with Amex Offers.

Amex Offers are offers that American Express makes available to most cardholders, and can be found in your Amex account. You sign up for each offer for free, and then use your card to make a purchase. At that point, you get your reward, which can be extra points or cash back as a statement credit.

With Sams Club specifically, I recently used an Amex Offer for $5 cash back when you spend $25 or more . Since I stacked it with all of the above, I earned around 30% back! Yeeeaaah!

Amex Offers are not always available, but when they are, can provide a great boost to your savings. So, do a quick check before shopping!

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Who This Card Is Good For

The Sams Club® Mastercard® offers pretty good cash back rates for gas and dining. Getting 5% cash back on gas purchases at eligible gas stations is a huge perk your everyday driving might drain your tank, but it can earn you high rewards, too.

The lack of options to redeem your rewards can leave consumers with much to be desired. If youre a die-hard Sams Club fan, this card could work for you. But if deciding when and where you use your earned rewards is a must-have, then you can cross the Sams Club® Mastercard off your list.

Sams Club Mastercard Vs Costco Anywhere Visa Card By Citi

Sam’s Club Cash Back Stacking Strategy: Grocery Shopping Haul Approved

If you are a serious wholesale club shopper, theres a good chance that you already pay for annual memberships to both Sams Club and Costco.

Theres nothing wrong with that. Clark does it, too.

And as a result, he also carries both the Sams Club Mastercard and the Costco Anywhere Visa® Card by Citi in his wallet.

But if youre not in the position to add two credit cards to your wallet, you may be trying to decide which of them makes the most sense for you.

Lets take a closer look with a side-by-side comparison of card usage with both tiers of Sams membership versus Costco:

Card Characteristic
None

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Why You Might Want The Sam’s Club Mastercard

Elevated rewards for Sam’s Club Plus members

If you’re a Sams Club Plus member, the Synchrony Bank-issued Sam’s Club® Mastercard® is made for you. Youll earn a stellar rate of up to 5% cash back on eligible purchases with the retailer. That’s a lot of rewards potential for groceries and other household items, and it’s in line with what some of the best store credit cards on the market offer for shopping within their walls.

One of the highest rewards rates on gas and EV charging stations

With a 5% cash-back rate on up to $6,000 in gas and EV charging expenses per year, you could earn $300 annually in that category alone, plus 1% on those purchases beyond that cap. And those earnings would be in addition to Sams Club member-exclusive prices offered on fuel at select locations. That’s a sizable chunk of savings, especially for rideshare drivers, weekend warriors and others who hit the road often.

Appetizing rewards at restaurants

You’ll earn a high 3% cash-back rate on dining, which includes things like restaurants, drinking places and caterers. In 2019, the average American household spent $3,526 per year on food outside of the home, according to the U.S. Bureau of Labor Statistics’ Consumer Expenditure Survey. If you spent that much at restaurants with the Sam’s Club® Mastercard®, you could earn more than $105 annually.

Is The Sam’s Club Mastercard Worth It

The Sam’s Club Mastercard is a decent credit card that can be especially rewarding for Sam’s Club Plus members. The Sam’s Club Mastercard also provides a best-in-class option for gas purchases .

However, if you’re not already a Sam’s Club member, you should pass on this card. Though it doesn’t charge an annual fee, it probably isn’t worth paying the Sam’s Club membership fee just for the rewards on the card.

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Everything You Need To Know About Sams Club Credit Cards

Last updated July 18, 2022| By Lindsay Frankel

FinanceBuzz is reader-supported. We may receive compensation from the products and services mentioned in this story, but the opinions are the author’s own. Compensation may impact where offers appear. We have not included all available products or offers. Learn more about how we make money and our editorial policies.

If youre a Sams Club member, that $45 you spent on the membership fee has probably already saved you money on everything from batteries to butter.

But if youd like to take your savings to the next level and start collecting rewards for your Sams Club purchases, you have plenty of options.

None

Is There An Annual Charge For Sams Club Credit Card

Sam

The answer is NO. There is no yearly fee: There is no yearly charge, so theres no need to question if the benefits will outweigh the cost. But Sams Club memberships are required for cardholders who want to buy there, and the only places you can use your cash-back rewards are at Sams Club and on the companys website.

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Gas Prices Keep Rising

It’s no secret that gas prices are at an all-time high around the country. At the time of writing, AAA lists the national average regular gasoline price at $4.865 per gallon.

As prices continue to rise, you may be looking for a way to save money or earn rewards when filling up your tank. High gas prices can significantly impact your personal finances. Most Americans require regular gasoline fill-ups to get to and from work and run errands.

Warehouse club brands sell gasoline to their members at a discounted price. Costco and Sam’s Club are two brands that offer cheaper gas prices. Members can keep more money in their bank accounts by filling up at their local warehouse store.

In addition to discounted gas, some Sam’s Club members can earn up to 10% in rewards when buying gas on select dates in June. But you’ll need to pay with a Sam’s Club credit card.

Sam’s Club Mastercard: Are The Gas Rewards Worth It

While lucrative at first glance, this card has a few strings attached.

Jaclyn DeJohn

Editor

Jaclyn is a CNET Money editor who relishes the sweet spot between numbers and words. With responsibility for overseeing CNET’s credit card coverage, she writes and edits news, reviews and advice. She has experience covering business, personal finance and economics, and previously managed contracts and investments as a real estate agent. Her tech interests include Tesla, SpaceX, The Boring Company and Neuralink.

CNET editors independently choose every product and service we cover. Though we can’t review every available financial company or offer, we strive to make comprehensive, rigorous comparisons in order to highlight the best of them. For many of these products and services, we earn a commission. The compensation we receive and other factors, such as your location, may impact how ads and links appear on our site.

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Before Logging Into The Sams Club Credit Card On The Browser What Do You Need

  • The application process is simple if you dont already have Sams Club credit card. Just follow the instructions on this page. After then, you can only sign in.
  • Check to see if your machine has dependable internet security software like Avast Internet Security before you start the login procedure.

These days, using a browser or an app are the two primary methods of signing in. For these two tactics, an internet-connected device is required, such as a smartphone, computer, tablet, or another device.

Sams Cash Rewards Program

How Does The Sam’s Club Credit Card Work?

There are currently three ways to redeem your Sams Cash:

  • Spend online.
  • Pay your membership fees.
  • Cash it out for actual cash.

And according to the Sams Club website, We are adding new ways for members to earn Sams Cash inside and outside our clubs.

One of the biggest changes is that youre able to redeem your rewards monthly instead of just annually. As soon as I get this money, I put it in my vacation fund. With monthly redemption, my account is growing more quickly.

Some other highlights of the new Sams Cash rewards program are:

  • You can now use your rewards online and via the app.
  • Any available cash will be listed as a payment method in online checkout.
  • Rewards NEVER expire. I repeat: NEVER expire!
  • There is no minimum to redeem rewards.
  • Everyone is opted in automatically there is nothing you have to do to start earning.

Note that the Sams Club website says, All memberships are eligible to earn Sams Cash. Club Members will have an opportunity to earn Sams Cash from time to time with special offers. To maximize rewards with Sams Cash, upgrade to a Plus Membership and/or apply for a Sams Club® Mastercard®.

The maximum earning potential is $500 per year with the membership card and $5,000 with the Sams Mastercard.

The way to take the most advantage of Sams Cash is by having both a Plus membership and the Sams Club Mastercard and to redeem Sams Cash in the store for actual cash.

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Is The Sams Club Mastercard Right For You

If youre a Sams Club member, its worth asking yourself how much cash back you can earn with the Sams Club Mastercard. Take a look at your monthly Sams Club spendinghow much cash back could you have earned as a Plus member if you earned 3 percent back on eligible Sams Club purchases , plus another 2 percent in cash rewards on eligible in-club purchases as a part of your Sams Club Plus membership?**

Then take a look at your monthly gas spend because with the Sams Club Mastercard, you can earn 5 percent cash back for gas purchases . Add in the 3 percent cash back youll earn on dining and takeout and the 1 percent cash back youll get on other purchases, and youll start to have a good idea of whether the card is right for you*.

The Sams Club Mastercard doesnt charge an annual fee***, but you will pay a yearly fee to maintain your Sams Club membership. So if you dont feel like youre spending enough money at Sams to justify your membership, the Sams Club Mastercard might not be a good choice for you.

But if your family regularly uses Sams Club to buy in bulk and shop within your budget, you already know the value a Sams Club membership can provide and might want to seriously consider adding the Sams Club Mastercard to your wallet.

Sams Club Mastercard Benefits

  • Cardholder Experience. Issued by Synchrony Bank, the Sams Club Mastercard enjoys the benefits of being a member of this bank. They are ranked 10th out of 11 national credit card issuers in J.D. Powers 2019 U.S. Credit Card Satisfaction Study, with a score of 780 out of 1,000 points comparing with the national average of 806 points. Manage your account online at any time.
  • Security Features. The Sams Club Mastercards provides security features that are common to other Mastercards. This includes features such as zero fraud liability for fraudulent purchases and ID theft protection. The card doesnt offer much in the way of additional security.

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Sams Club Plus Rewards Program

If you apply for this credit card with a Plus membership , youll see greater rewards opportunities.

In addition to perks like free shipping and access to pharmacy and optical services, youll also get increased cash back rewards. That applies to purchases made with the credit card and purchases made without it.

Sams Club Plus members get 2% back on qualifying pre-tax purchases with a maximum reward of $500 per 12-month membership period.

Plus members also see a boost in their in-store purchase rewards by using the Sams Club Mastercard. It jumps from 1% with the Club membership to 3% with Plus.

When you add those together, it can be worth up to 5% back.

  • 5% back: Gasoline purchases
  • Up to 5% back: Select Sams Club purchases
  • 3% back: Dining purchases
  • 1% back: All other purchase categories

The Sams Club Mastercard has a maximum of $5,000 in annual cash back rewards earnings no matter which membership you purchase.

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