Everything You Need To Know About Sam'S Club Personal Credit
What is Sam's Club Personal Credit?
Sam's Club Personal Credit is a line of credit offered by Sam's Club, a membership-only warehouse club owned and operated by Walmart, Inc. It is available to both current Sam's Club members, as well as non-members. Sam's Club Personal Credit cardholders can use the line of credit to make purchases at Sam's Club. Sam's Club Personal Credit is a revolving line of credit, meaning cardholders can use it again and again as long as they make their payments on time and in full.
Benefits of Sam's Club Personal Credit
Sam's Club Personal Credit offers several benefits for cardholders. First, it provides a convenient way to make purchases at Sam's Club. Cardholders can simply swipe their card at checkout, and their purchase will be charged to their Sam's Club Personal Credit account. Additionally, Sam's Club Personal Credit offers exclusive discounts for cardholders. These discounts can be applied to purchases at Sam's Club, as well as travel, entertainment, and other purchases. Finally, Sam's Club Personal Credit offers a rewards program that allows cardholders to earn rewards points for every purchase they make. These points can be redeemed for free Sam's Club merchandise, gift cards, and more.
How to Apply for Sam's Club Personal Credit
Applying for Sam's Club Personal Credit is easy. Current Sam's Club members can apply online, by phone, or in-person at their local Sam's Club store. Non-members can apply online or by phone. All applicants must be at least 18 years old and have a valid Social Security number. Applicants must also provide proof of income, such as a pay stub or bank statement. After submitting an application, applicants will receive a decision in as little as 15 minutes.
How to Use Sam's Club Personal Credit
Using Sam's Club Personal Credit is easy. Cardholders can use their card to make purchases at Sam's Club stores and on Samsclub.com. Cardholders can also use their card to make purchases at any other store that accepts Mastercard. Cardholders should note that they must make a minimum payment each month and pay off the balance in full each billing cycle to avoid late fees and interest charges.
Sam's Club Personal Credit Fees and Interest Rates
Sam's Club Personal Credit has an annual fee of $0-$39, depending on the credit limit. The annual percentage rate (APR) for purchases is 25.24%. The APR for cash advances is 28.24%. Late payment fees are up to $37, and returned payment fees are up to $25. It is important to note that these fees and interest rates may vary depending on the cardholder's credit score.
Managing Your Sam's Club Personal Credit Account
Managing your Sam's Club Personal Credit account is easy. Cardholders can access their account online or via the Sam's Club app. Here, they can view their account balance, make payments, view transaction history, and more. Cardholders can also opt-in to receive text or email notifications to stay up to date on their account activity. Additionally, cardholders can manage their account via phone or in-person at their local Sam's Club store.
Conclusion
Sam's Club Personal Credit is a great option for those looking to make purchases at Sam's Club. It offers exclusive discounts, a rewards program, and a conveniently managed account. If you are a current Sam's Club member or non-member, this credit card is worth considering.