Credit Cards » Credit Card Reviews » Sam’s Club Mastercard Credit Card: 2022 Review
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Sam’s Club Mastercard Credit Card: 2022 Review

The Sam's Club Mastercard is a great card for Sam’s Club shoppers. It has very competitive cashback rewards and benefits in some spending categories. The 3% cash back on travel rewards is better than most travel rewards credit cards on the market.
Author: Jack Wickens
Jack Wickens

Writer, Contributor

Experience

Jack is a personal finance writer who has been writing for more than a decade. His passion for educating consumers and helping everyday families earn more and live better. He is most knowledgeable with years of experience covering topics such as savings, budgeting, and responsible credit use and always happy to share his expertise with readers.

Review & Fact Check: Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Financial Expert, The Smart Investor CEO

Experience

Baruch Mann (Silvermann) is a financial expert and founder of The Smart Investor. Above all, he is passionate about teaching people how to manage their money and helping millions on their journey to a better financial future.
Author: Jack Wickens
Jack Wickens

Writer, Contributor

Experience

Jack is a personal finance writer who has been writing for more than a decade. His passion for educating consumers and helping everyday families earn more and live better. He is most knowledgeable with years of experience covering topics such as savings, budgeting, and responsible credit use and always happy to share his expertise with readers.

Review & Fact Check: Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Financial Expert, The Smart Investor CEO

Experience

Baruch Mann (Silvermann) is a financial expert and founder of The Smart Investor. Above all, he is passionate about teaching people how to manage their money and helping millions on their journey to a better financial future.

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In This Review..

Sam’s Club is owned by Walmart and offers the Sam's Club® Mastercard®  – their store cashback card with a few different ways to earn rewards.  The Sam’s Club Mastercard is a great card for Sam’s Club shoppers. It has very competitive cashback rewards and benefits in some spending categories.

Sam’s Club Mastercard offers 5% cash back on gas anywhere Mastercard is accepted (on the first $6,000 per year, then 1% after), 3% cash back on Sam’s Club purchases for Plus members, 3% on dining and takeout and 1% on all other purchases. The rewards categories do not change and are great for those who spend a lot on gas and traveling and who are Sam’s Club members.

The card does not have a foreign transaction fee or annual fee as long as you are a Sam’s Club member (Membership starts at $45 a year). This card can be used anywhere Mastercard is accepted, not just at Sam’s Club. 

Overall, this can be a great option for Sam's shoppers. However,  if you are not a Sam’s Club member a, you would want to pass on this card – there better cashback cards for rotating categories.

Sam's Club Mastercard

Sam's Club® Mastercard®

On Synchrony Bank’s Website

Rewards Plan

1-5% 5% cash back on gas anywhere Mastercard is accepted (on the first $6,000 per year, then 1% after), 3% cash back on Sam’s Club purchases for Plus members, 3% on dining and takeout and 1% on all other purchases

Sign up Bonus

None None

0% Intro

None

PROS

CONS

APR

15.65% or 23.65% Variable

Annual Fee

$0

Balance Transfer Fee

N/A

Credit Requirements

Good - Excellent

Card & Issuer Reputation

  • 3.9/5  on WalletHub customer reviews (+200 reviews): WalletHub customer reviews allow customers to post positive, negative or neutral reviews about marketplace experiences.
  • 800/1000 on J.D Power: Synchrony Bank, the issuer of Sam's club card,  got 800 out of 1000 available points on J.D. Power credit card satisfaction survey, lower than industry average. J.D Power offers the most comprehensive and independent study of customer satisfaction of card issuers . The study aims to help consumers and issuers to understand user opinions and ratings of the largest bands. It covers terms, benefits, services, communication, rewards and more.

J.D. Power U.S. Credit Card Satisfaction Study 2020

Benefits

Let’s take a look at the benefits of the Sam’s Club Mastercard and see if it’s the right one for your wallet or not.

Sam’s Club Mastercard has 5% cash back on gas anywhere Mastercard is accepted (on the first $6,000 per year, then 1% after), 3% cash back on Sam’s Club purchases for Plus members, 3% on dining and takeout and 1% on all other purchases. 

 

If you get the higher tier membership you can earn more rewards like free shipping and an additional $10 cash back on every $500 spent on qualifying purchases.

Sam’s Club Mastercard does not have an annual fee as long as you are a Sam’s Club member. Membership starts at $45 a year. 

You can start earning cash back immediately.

Sam’s Club Mastercard does not have a foreign transaction fee. This is unusual for a non-travel rewards card. 

This is a great perk because you can earn cash back on your travel expenses.

Sam’s Club Mastercard offers cardholders extended purchase warranty protection and identity theft protection. 

The credit card also acts as your membership card, so you will only need one card.

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Drawbacks

Here are the most important cons you should consider before applying:

Sam’s Club Mastercard cashback can only be redeemed or spent at Sam’s Club. This redemption also only happens once a year in February. With other cards you can redeem rewards almost anytime.

There is a $5,000 dollar cap on the Sam’s Club Mastercard. Your rewards can not surpass $5,000. 

That is a very large threshold for many households but some consumers may spend that much and will find better rewards through other cards.

Sam’s Club Mastercard doesn't offer 0% APR introductory as many other cards, so if you plan a big purchase or you carry debt, it's not the right card for you.

There are other cashback cards in the market that offer higher cashback rewards. Some have rotating categories, but depending on your spending habits and with a little planning, you can earn more cash back on your purchases. 

If you are a big spender and don’t mind an annual fee, there are other cards with higher cashback rewards, but not by much. Also, there are store cards that offer much better rewards when shopping at the store where the card was issued. Sam’s Club Mastercard only offers 1% back on spending at their store.

Is the Sam's Club Mastercard Right for You?

The Sam’s Club Mastercard is a great card for Sam’s Club shoppers. It has very competitive cashback rewards and benefits in some spending categories. Cardholders that spend a lot on gas each year will benefit the most from this card. This card is also great for those who do a lot of traveling. The 3% cash back on dining is not common among store cards.

The biggest drawback to the Sam’s Club Mastercard is you have to wait a year for your cash back, and it can only be redeemed at Sam’s Club. 

If you are not a Sam’s Club member, you would want to pass on this card. There are better cashback cards. Sam’s Club Mastercard rewards are straightforward and easy to understand and most Sam’s Club members would benefit by owning this card.

Compare The Alternatives

If you're looking for a store credit card – the Sam's Club is definitely a good option, but there are some good alternatives:

Citi-costco-anywhere-visa-credit-card review
best buy credit card
Sam's Club® Mastercard®
Costco Anywhere Visa® Card by Citi
Best Buy Visa Card
Sam's Club® Mastercard®
Annual Fee
$0 ($60 Costco membership fee required)
$0–$59, based on creditworthiness
$0
Rewards
1-4% 4% cash back on gas purchases (both at Costco and other gas stations) up to $7,000 per year, then 1% back + 3% cash back on restaurants and most travel purchases, 2% cash back at Costco and Costco.com, 1% cash back on all other purchases
1-5% 5% back in rewards on shopping at BestBuy ( 6% back* in rewards for Elite Plus Cardmembers), 3% back in rewards on gas purchases, 2% back in rewards on dining, takeout and grocery purchases, 1% back in rewards on everyday purchases
1-5% 5% cash back on gas anywhere Mastercard is accepted (on the first $6,000 per year, then 1% after), 3% cash back on Sam’s Club purchases for Plus members, 3% on dining and takeout and 1% on all other purchases
Welcome bonus
None None
10% first day 10% back in rewards on your first day of purchase
None None
Foreign Transaction Fee
0%
N/A
N/A
Purchase APR
17.49% (Variable)
25.24% Variable
15.65% or 23.65% Variable

FAQ

There is no official guidance about what credit limit you can expect when you’re approved for a Sam’s Club Mastercard. However, current and previous customers have reported initial credit limits of $1,000 to $10,000. Your actual credit limit will depend on a number of factors including your income and employment status.

The Sam’s Club is obviously weighted towards this brand. So, if you want to maximize your rewards, make sure that you reach the spending cap for gas purchases, at $6,000 per year.

You’ll also earn high cashback  on Sam’s Club purchases, so explore the aisles and aim to make as many of your everyday purchases at the store rather than using other brands.

When you apply for a Sam’s Club Mastercard, you may get instant approval. In other cases, you may need to wait a day or two for your approval decision. Upon approval, you should expect your card within 7 to 10 days.

Sam’s Club has a phone line to contact the customer support team, which is available seven days a week. It is open 7 am to 11 pm Monday to Saturday and Sunday 10 am to 8 pm CST. There is also a chat function available during the same hours.

Sam’s Club has millions of members and 600 locations across the USA. While this isn’t as widespread as some other brand networks, if you have a Sam’s Club in your area and enjoy shopping there, this card could be of benefit to you.

You will need to have good to excellent credit to qualify for a Sam’s Club Mastercard. You will also need to be a Plus card member, which will support your application.

As a branded mastercard, this card is heavily weighted towards Sam’s Club. So, if you’re already a Plus member and tend to shop regularly at your local store, this could be a good card option for you.

Obviously, if you don’t have a Sam’s Club in your area or you infrequently visit your local store, this is not the right card for you. There are other reward card options with grocery and warehouse club tiers that offer similar rewards, yet also support other purchases, which could be a better choice.

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The product offers that appear on this site are from companies from which this website receives compensation. 

Editorial Note: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

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