If you’re in the market for a new credit card, you may be considering getting the Sam’s Club Master card.
That’s because the Sam’s Club Master card comes with an incredibly valuable feature – 5% cash back on all of your purchases.
The other benefit to this card is that it also comes with an $8 cash back bonus just for signing up and spending at least $100 on groceries within three months of opening your account.
Sam’s Club Master card comparison to other cards?
Blue Cash Card America Express
Bank of America
|✔ Offers Great rewards on Sam’s Club purchases, gas, and dining|
✔ Total of 0 Annual fee
✔ Factually works as your Sam’s Club membership card
❌ Must be a Sam’s Club member to have the MasterCard
❌ Rewards are redeemable only once per year
Is Sam’s Club Mastercard the best for you?
Probably. If you’re a regular Sam’s Club shopper, adding it to your wallet could help you rack up savings at checkout every time you shop there.
|Probably. If you’re a regular Sam’s Club shopper, adding it to your wallet could help you rack up savings at checkout every time you shop there.|
However, even if you don’t frequent it often, cash-back rewards and purchase protections can still make it worth having—depending on what kind of spender you are.
The Sam’s Club Mastercard is a great credit card for those who like to shop at Sam’s Club, and it offers some other perks too.
For example, there’s no annual fee, but you also get up to 5% cash back on gas purchases, up to $6,000 per year.
But, if you’re not already a Sam’s Club member, then you’ll need to not go for this card. Even though it doesn’t charge an annual fee, it probably won’t be worth the annual Sam’s Club membership just for the card rewards.
How can I qualify for Sam’s Club MasterCard?
To qualify for this card, you need to be a Sam’s Club member and membership costs $45 a year for a basic membership or $100 a year for a Plus membership.
Just because there’s no annual fee, you need to account for the cost of the membership in determining whether the benefits outweigh it.
You’ll find that most people are unlikely to find the Sam’s Club Mastercard worth it unless they’re already a Sam’s Club member.
If you’re not a member, you may want to consider whether it’s worth joining just for the benefits of being a member.
You also Earn 3% cash back at Sam’s Club as a Plus Member
|As a Sam’s Club Mastercard holder, you earn 5% cash back on gas (with no annual cap), 3% back on dining and travel, and 1% on all other purchases.|
The choice of whether or not to apply for this card will depend on whether you’re a Club or Plus member.
You’ll get 3% cash back on your Sam’s Club purchases with Plus-level membership.
(Aside from other cash back cards like the Citi® Double Cash Card – 18-month BT offer, which offers double cash back for qualifying purchases) The only credit card offers only a 1% cash back for Club Members, at Sam’s Club.
For example, members with a Sam’s Club Plus membership get 2% cash back on eligible in-club purchases as a benefit of their membership, but can’t accumulate more than $500 in rewards each 12-month membership period.
Along with the Sam’s Club Mastercard, that translates to 5% cash back rewards at Sam’s Club until you hit the limit each year.
Unlike many other credit cards, Walmart offers 3% earnings on your Sam’s Club purchases, better than what you’ll find elsewhere. Still, membership at Sam’s Club Plus will cost you $100.
To make it worth the investment, you’ll need to spend a lot of time shopping at Sam’s Club.
Furthermore, the card also earns a high rate of cash back on gas and dining.
For example, Sam’s Club members might opt to apply for it as a good gas and restaurant card.
Offers a Sign-up bonus of $30 statement credit
The Sam’s Club Mastercard does offer a welcome sign-up bonus, but it’s less lucrative than other credit cards: You’ll receive 5% back in Sam’s Cash on gasoline purchases where Mastercard is accepted (on the first $6,000 you spend per year, then 1%), and 3% back in Sam’s Cash on Sam’s Club purchases for Plus members.
If you’re a club member, you can earn cashback of 1% on all purchases, 3% back on dining and takeout purchases, and 1% back on all other purchases.
Despite the requirement of only $30 to get the bonus, the offer is lackluster in that other credit cards with bonuses worth hundreds or even thousands of dollars are out there.
So, by itself, the bonus isn’t enough to incentivize the consumer to apply for this card.
Great cash back
Rewards with the Sam’s Club Mastercard are different than rewards with many other credit cards in that they have stricter limitations.
- One reward is issued per year and it is issued in February.
- In order to be eligible for your membership rewards, you must have an open and in the good standing account as well as be a Sam’s Club member at the time of redemption.
- When you collect points through various rewards, they can only be redeemed in the store or on the Sam’s Club website.
- You cannot redeem your rewards without having an open Sam’s Club membership.
- You are limited to $5,000 in cashback rewards a year.
Sam’s Club members who frequently shop there should have no problem keeping their membership; those who don’t might want to consider the more flexible card they’re applying for in order to earn rewards.
Sam’s Club Mastercard vs Citi Custom Cash
Citi Custom CashSM Cardholders can earn 5% cash back on their favorite spend category and unlimited 1% cash back on all other purchases.
One great thing about this card is that its cash back rewards program is more flexible, not to mention that there is a sign-up bonus and a great 0% introductory APR.
- The annual fee is $0.
- Receive $200 cash back after you spend $750 in purchases in the first 3 months of opening your account. This offer will be fulfilled as 20,000 ThankYou® Points, which is worth $200 cash back.
- Earn 5% cash back on your top spend category up to $500, then 1% cash back after that. Furthermore, they can get unlimited 1% cash back on all other purchases.
- Along with 0% intro APR for 15 months on purchases and 0% intro APR for 15 months on balance transfers (followed by a 14.74% – 24.74% (Variable) APR), this card allows you to turn your cash back into valuable ThankYou points.
Sam’s Club Mastercard vs. Blue Cash Preferred® Card from American Express
The Blue Cash Preferred® Card from American Express offers 6% Cash Back at U.S. supermarkets on up to $6,000 in spending a year (then 1%), 6% Cash Back on select U.S. streaming subscriptions, 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more), and 1% Cash Back on all other purchases.
These terms apply, and you don’t have to jump through hoops to redeem your rewards. It’s possible to earn cash back and redeem it for statement credits.
It does have an annual fee of $95. For some applicants, that’s a turn-off. But, if you mainly grocery shop outside of Sam’s Club, the 6% cash back from the card could be worth it.
The card’s cash back doesn’t apply at warehouse stores like Sam’s Club.
- The annual fee is $95.
- You will get a $350 statement credit once you spend $3,000 on your new Card within 6 months. Redeemable for cash credit in your statement.
- Here are some terms for our Cashback bonus plan: 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), 6% Cash Back on select U.S. streaming subscriptions, 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more), 1% Cash Back on other purchases. Certain terms and conditions apply. Earnable in the form of statement credits.
- Other benefits: introductory purchase APR of 0% for 12 months (followed by a 15.49%-25.49% variable APR), car rental damage, and loss insurance.