Following the lead of the recent Target security debacle, Wal-Mart Sam’s Club is going big time on cash back and new technology.
Starting June 23rd, the Sam’s Club 5-3-1 cash back program on its new co-branded MasterCard, issued by GE Capital Retail Bank, is available to qualifying Sam’s Savings, Sam’s Business and Sam’s Plus members in the U.S. and Puerto Rico. The cash back value proposition makes the new Sam’s Club program a real competitive credit reward program in the club category.
The new credit card cash back program gives members the opportunity to earn 5 percent cash back on fuel, 3 percent cash back on dining and travel, and 1 percent cash back on all other purchases, up to $5,000 annually.
The new Sam’s Club MasterCard also comes with chip-enabled technology. Each credit card has an embedded chip that makes the card more difficult to duplicate, which provides enhanced security from fraudulent activity.
In addition to the 5-3-1 cash back program, the new Sam’s Club MasterCard includes these benefits:
• No annual fee, Sam’s Club membership required
• The new cobranded card can be used anywhere MasterCard is accepted across the globe
• Extended Warranty Coverage for Consumers and Extended Warranty Insurance for Businesses
• Identify Theft Resolution Services for Consumers and MasterRental Coverage for Businesses
Sam’s Plus members now have two opportunities to get dollars back on their purchases with the new 5-3-1 program and exclusive Plus-only Cash Rewards program. Beginning June 12, all Sam’s Plus members will be automatically enrolled to receive $10 in Cash Rewards for every $500 spent on qualifying pre-tax Sam’s Club purchases, regardless of payment type.
Overall, Sam’s Plus members have access to earn up to $500 annually through Cash Rewards on top of earning up to $5,000 annually when they use the co-branded Sam’s Club MasterCard. These funds are redeemable for cash, for purchases in-club or on SamsClub.com, or to cover annual membership fees.