Sam’s Club Credit Card Doubles Rewards for New Customers
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The competition between the two major warehouse clubs has intensified, and credit card consumers could be reaping the benefits.
Today, Sam’s Club announced that anyone who opens a Sam’s Club Consumer MasterCard account between October 1 and November 12 will have their cash back rewards doubled for the first 90 days of account membership.
So new cardholders earn 10% cash back on gas purchases, 6% cash back on travel and dining transactions, and 2% on all other eligible purchases at eligible merchants for their first 90 days. After this promotional period, consumers would earn 5% on gas purchases (up to $6,000 per year, and 1% thereafter), 3% on travel and dining transactions, and 1% on other purchases.
In addition, existing Sam’s Club cardholders can earn 3% cash back (rather than 1%) for SamsClub.com online purchases during the November 18-November 29 period.
Costco’s credit card recently underwent some major changes, changing from an American Express card to Citi. The new Costco Anywhere Visa card by Citi offers 4% on eligible gas purchases up to $7,000 per year (1% thereafter), 3% on dining and eligible travel transactions, 2% on Costco purchases, and 1% on all other transactions.