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Warehouse Clubs Offer Enticing Credit Cards

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The warehouse clubs Costco, Sam’s Club and BJ’s are offering no-fee credit cards with attractive enticements ranging up to 4% or 5% cash rewards on gas purchases and 3% on dining and travel. The rewards are meant to attract or keep members, who pay annual membership fees. The details…

Costco Anywhere Visa by Citi, which replaced the TrueEarnings Card from Costco and American Express on June 20, pays back 4% cash on up to $7,000 in annual gas purchases worldwide (equal to $280 cash back) and then 1%…3% on dining and travel…2% on Costco non-gas purchases…and 1% on most other purchases anywhere. Costco annual membership fee: Starts at $55.

Sam’s Club MasterCard, which replaced its Discover card in 2014, pays 5% back on up to $6,000 in annual gas spending in the US and Puerto Rico and then 1%…3% on dining and travel…and 1% on most other purchases at Sam’s Club but not elsewhere. Rewards are capped at $5,000 a year. Sam’s Club annual membership fee: Starts at $45.

My BJ’s Perks MasterCard provides a 10-cent-per-gallon discount on BJ’s gas purchases (the equivalent of 4% back when gas costs $2.50 a gallon) or 2% cash back on non-BJ’s gas ­purchases…3% on non-gas BJ’s purchases…and 1% on other purchases. BJ’s membership fee in first year: $50.

If you pay a $100 annual fee for an upgraded membership to BJ’s ­warehouses, this card gives you 5% on non-gas BJs purchases.

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Source: Amber Stubbs, senior managing editor of CardRatings.com. Date: July 1, 2016 Publication: Bottom Line Personal
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