Current Sam’s Club cardholders (Personal and Business), you should have already received a letter pertaining to two changes: Your cards will no longer carry any foreign transaction fees and they will be offering interest free periods ranging from 6-36 months. Typically how these interest-free promotions works depends solely on how much you spend to achieve each tier. This comes more than a week after Sam’s Club announces excluding tobacco product and smoking related products from earning cash-back (Starting November 1, 2017).
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Eligible Credit Cards:
Alternative Credit Card Bonuses:
- Blue Cash Preferred® Card from American Express
- Gold Delta SkyMiles® Credit Card from American Express
Sam’s Club Credit Cards Fees Update Summary:
- Your cards will no longer carry any foreign transaction fees
- You’ll also be able to reap interest-free periods ranging from 6-36 months depending on your spending threshold at Sam’s Club.
Sam’s Club MasterCard Features:
- No annual fee
- Double Cash Back on Categories for the first 90 days:
- 5% cashback on gas(on first $6,000 per year in purchases, then 1% on purchases after)
- 3% cashback on dining and travel
- 1% cashback on other purchases
- Maximum of $5,000 in cashback rewards can be earned in a calendar year
- Cashback checks are issued each February for the cashback earned during the previous calendar year
- Cashback rewards are forfeited if the Sam’s Club MasterCard account is not in good standing, if the Sam’s Club Membership terminates or lapses, or if the cashback earned in a calendar year is less than $5.00
- Cashback checks will be made payable to Sam’s Club and may be cashed only at a Sam’s Club location
- For new accounts variable purchase APR is 14.90% or 22.90%
- The minimum interest charge is $2.00
- Price protection up to 60 days
- Identity theft resolution services
- Acceptance at all Sam’s Club and Walmart locations nationwide
- Doubles as your membership card
- Member photo on card protects you from fraudulent use
- Online account access at SamsClub.com/credit
Conclusion:
These are some positive changes on your Sam’s Club MasterCard as there will no longer be foreign transaction fees attached. I thought that the no foreign transaction fee has been a thing on the card for quite some time now so this announcement might be used for some clarity and also direct cardmembers to their interest-free 6-36 months promotions. Before closing up this post, I’d like to note that this card plays a great asset in our “Best Credit Cards for Gas Spending Station List – 2017“. Otherwise, find out which card is right for you by checking out our complete list of Credit Card Promotions today!
