Sam’s Club to Accept American Express Cards
Starting October 1, Sam’s Club will begin accepting American Express cards in its national chain of bulk retail stores.
Sam’s Club, a division of Walmart, will also accept the AmEx Bluebird Prepaid Cards. These cards have been sold in Walmart stores since 2012. The Bluebird card offers customers an alternative to bank checking accounts.
Sam’s Club is the country’s eighth largest retailer with 653 stores in the United States and Puerto Rico. The warehouse retailer currently serves 500,000 small businesses a day in nearly every part of the country, so this is a significant opportunity for American Express cards.
Earlier this year, American Express lost its longstanding contract with Costco, a close competitor to Sam’s Club offering wholesale prices for bulk purchases. In March of 2016, Costco will no longer support American Express as its exclusive credit card company in favor of a new partnership with Citigroup and Visa. American Express said this loss will hurt the company’s profits for the next two years, but the new deal with Sam’s Club could help soften the blow.
“We are constantly looking for ways to expand the places where our card members can shop and bring more convenience and value to their everyday lives,” Anré Williams, American Express president of global merchant services, said in a statement.