Sam's Club Mastercard

Sam's Club Mastercard Review

This is a store cashback card issued by Synchrony Bank. If you're wondering whether Sam's Club credit card is the right card for you, read on.

Key Takeaways

• Generous reward rate. You can get a maximum cashback rewards rate of up to 5x.
• Signup bonus. Offers a signup bonus of up to $45 if you spend $45.
• Competitive APRs. Sam's Club Mastercard has a variable purchase APR that ranges from 14.9% up to 22.9%.
• No annual fee*. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your eligible purchases, but you don't have to pay an annual fee for the privilege.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Multiple credit card benefits. Includes generous credit card perks, such as extended warranty protection on purchases, identity theft protection, purchase protection, and fraud protection.
• Fair or better credit required. You will have good approval odds if your credit score is above 650.

Pros & Cons of Sam's Club credit card

The Good

The Bad

Doubles as Sam's Club membership card. High 5% cash back rewards for gas purchases. Potentially lower than average purchase APRs. No annual fee. Multiple credit card perks. Extended warranty on purchases. Free access to your credit score. Identity Theft Protection. No foreign transaction fee. Cardholders can earn rewards on purchases everywhere Sam's Club Mastercard is accepted. Sam's Club Mastercard reports to multiple credit bureaus.

Must be a Sam's Club member to qualify. Total rewards are capped at $5,000 per year. Rewards can only be redeemed once per year.

Sam's Club credit card FAQ

Does Sam's Club credit card have a cash back or rewards program?

This is a cashback card. This means you earn a percentage of your purchases as cash back rewards. You will receive 1% cash back on travel, dining, groceries, drugstore purchases, or any other purchase. For example, if you buy a $1,000 laptop, you will receive $10 back in cash. However, you can earn up to 5% for purchases in a bonus category.

Sam's Club credit card Rewards

Minimum rewards rate	1x
Max rewards rate	5x
Annual rewards limit	5000
Signup Bonus ($)	Starting at $45
Signup Bonus Spend Requirement	$45

What are the Sam's Club credit card benefits?

It provides the following benefits:

• Free Credit Score
• Extended Warranty Protection
• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Sam's Club credit card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has lower than average regular APRs.

Sam's Club Mastercard has a variable purchase APR that ranges from 14.9% up to 22.9%. The card has a variable balance transfer APR that ranges from 14.9% up to 22.9%. It also has a variable cash advance APR that ranges from 19.9% up to 25.9%.

What are the fees for Sam's Club credit card?

The following fees apply:

Sam's Club credit card Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	0%
Late Payment Fee	up to $40

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost cashback card.

Does Sam's Club Mastercard report your account activity to credit bureaus?

Yes, Sam's Club Mastercard reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Sam's Club credit card

• Visit the Sam's Club credit card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.