By: Heather Hanks Jul. 31, 2019
5% cash back on gas on up to $6,000 per year; after that, you get 1% cash back for gas
3% cash back on dining and travel
1% cash back on other purchases at Sam's Club and wherever Mastercard is accepted
We should note that both the Sam’s Club store card and the Mastercard double as your membership card. This means you won’t have to remember to bring two cards with you when you shop at Sam’s Club or Walmart. Also, both cards offer access to up to $100 in cash at any Sam’s Club or Walmart register. Neither card has an annual fee, but you will still need to pay your annual Sam’s Club membership fee. Finally, both cards allow you to check your online status anytime. It should be noted that the maximum amount of money that you can save by using your Sam’s Club Mastercard is $5,000.
The good news is the Sam’s Club Mastercard does not have an annual fee. Neither does the Sam’s Club store card. But you’ll need to be a Sam’s Club member to be eligible for either. The current annual fee for a Sam’s Club membership is $45. This price is lower than Costco. Aside from no membership fees, the Sam’s Club Mastercard has no foreign transaction fee (neither does the store card).
Late fees up to $38
APR is between 17.15% or 25.15% depending on how good your credit is
Cash advance APR is 22.15% or 28.15% variable
Cash advance fee is $5 or 3% (whichever is more)
Your account must be in good standing to cash in on the cash back benefits. This means that you must currently use your card and make timely payments. If your account is more than two months delinquent on your minimum payment, then you may be denied rewards. We also recommend setting your calendar to February of the following year. That’s when the cash back rewards are issued and loaded onto your membership.
$0 fraud liability (you won’t be held responsible for fraudulent charges on your card)
Your card comes with smart chip technology to prevent theft and promote security
Your Mastercard comes with theft protection services that the store card does not
CreditNervana promises to keep our information as accurate and up-to-date as possible. However, you should always consult a financial advisor for specific questions about personal or business finances and investment opportunities, especially if you are looking in your area. Working with a trained professional who is familiar with your case is a safe and guaranteed way to make the best investment decision possible. Please review our terms and conditions before making any decision based on the information we provide. Financial institutions are constantly changing. Because of this, it’s a good idea to cross check the information you read here with any company you are considering working with.
Send us message