What You Need To Know About Sam'S Club Synchrony Bank
Sam’s Club is one of the largest big box stores in the United States and is owned and operated by Walmart. It has more than 600 stores in the US, Puerto Rico and Mexico and is a popular shopping destination for many consumers. Sam’s Club offers a variety of services and products, including its own store credit card, the Sam’s Club Mastercard. The Sam’s Club Mastercard is issued by Synchrony Bank, one of the largest issuers of store credit cards in the US.
What is Synchrony Bank?
Synchrony Bank is one of the nation’s largest and most respected issuers of store credit cards. The bank is a subsidiary of Synchrony Financial, a leading consumer financial services company. Synchrony Bank has been issuing store credit cards since 1988 and currently has more than 70 million active accounts. Synchrony Bank offers a variety of store credit cards, including cards from major retailers such as Walmart, Target, Lowe’s, Home Depot, and Sam’s Club.
What is the Sam’s Club Mastercard?
The Sam’s Club Mastercard is a store credit card offered by Sam’s Club, which is owned and operated by Walmart. The card is issued by Synchrony Bank and is accepted at all Sam’s Club locations as well as any other store or merchant that accepts Mastercard. The Sam’s Club Mastercard offers a variety of rewards and benefits, including cash back rewards, exclusive discounts, and special financing offers.
What are the Benefits of the Sam’s Club Mastercard?
The Sam’s Club Mastercard offers a variety of rewards and benefits. Cardholders earn 5% cash back on qualifying purchases at Sam’s Club, 3% cash back on qualifying travel purchases, and 1% cash back on all other purchases. Cardholders also receive exclusive discounts and special financing offers, such as no interest if paid in full within 6 months on purchases of $299 or more. Additionally, cardholders can take advantage of Sam’s Club’s member-only savings, which can save them up to 50% off select items.
Are There Any Fees Associated With the Sam’s Club Mastercard?
Yes, there are a few fees associated with the Sam’s Club Mastercard. The card has an annual fee of $0 and a variable APR of 16.90% - 23.90%. There are also late payment and over-the-limit fees. Additionally, cash advances have a fee of either $5 or 5% of the amount of each cash advance, whichever is greater.
What is the Application Process for the Sam’s Club Mastercard?
The application process for the Sam’s Club Mastercard is simple and straightforward. You can apply online or in-store at any Sam’s Club location. When applying online, you will need to provide your personal information, such as your name, address, and Social Security number. You will also need to provide financial information, such as your annual income and current debt obligations. After submitting your application, you will typically receive a response within minutes.
Is the Sam’s Club Mastercard Right for You?
The Sam’s Club Mastercard is a great option for those who shop regularly at Sam’s Club. The card offers a variety of rewards and benefits, including cash back rewards, exclusive discounts, and special financing offers. The application process is simple and the card has no annual fee. However, it is important to remember that the card has a variable APR, so it is important to pay off your balance in full each month to avoid interest charges. If you are a frequent shopper at Sam’s Club, then the Sam’s Club Mastercard may be the right choice for you.
Conclusion
The Sam’s Club Mastercard is an excellent choice for those who shop regularly at Sam’s Club. The card offers a variety of rewards and benefits, including cash back rewards, exclusive discounts, and special financing offers. It also has no annual fee and a simple application process. However, it is important to remember that the card has a variable APR, so it is important to pay off your balance in full each month to avoid interest charges. If you are a frequent shopper at Sam’s Club, then the Sam’s Club Mastercard may be the right choice for you.