Visa Comes to Sam’s Club
Sam’s Club shoppers have a new way to pay for their purchases. As of February 1, 2016, the warehouse store will accept Visa credit cards. This includes all types of Visa cards, including secured credit cards, rewards credit cards, and no-fee credit cards. The chain already accepts debit and prepaid products from Visa, but until now did not accept Visa credit cards.
“Everything we do is in an effort to better serve our members and extend the value of membership,” said Tracey Brown, chief member officer at Sam’s Club. “By accepting Visa credit cards, we are giving our members more ways to shop that are convenient for them.”
Sam’s Club has more than 650 locations across the United States and Puerto Rico, and is the eighth-largest retailer in the country. Folks can also shop online through Samsclub.com, which will begin accepting Visa Checkout as a payment method later in 2016. Sam’s Club also operates gas stations throughout the nation. Fuel stations already accepted Visa credit cards, debit cards, and prepaid cards, so this change does not affect them.
Sam’s Club members pay a fee to be able to shop there; folks who are not members may not shop at Sam’s Club warehouse stores, gas stations, or online at Samsclub.com.
Points and perks of Visa Signature and rewards cards will be a boon to members
Being able to use Visa credit cards will affect many Sam’s Club members for the better; they can collect reward points if they have reward cards, and if they have Visa Signature cards, they will be able to use the benefits that are unique to all Visa Signature cardholders. These include purchase protection, a zero-liability for fraud policy, concierge service to answer questions and give recommendations and information, and often lucrative rewards in the form of points programs or cash back.
Visa Signature cards tend to come with many of the perks people want from credit cards. Some of them have an annual fee, which pays for itself if you collect and redeem the points or cash back they offer. Virtually all Visa cards that charge an annual fee also offer rewards that make it worth paying the fee. In this way, the cards are similar to Sam’s Club itself, which charges folks a fee to shop, but offers deep discounts that offset the cost of membership.
Folks who have secured credit cards because they are rebuilding their credit, or have limited credit, can also use their secured Visa credit cards at Sam’s Club to help rehabilitate their credit scores.
Latest Secured Credit Card News
Secured credit cards are credit cards that are supported by a money deposit of about $200-$1000 paid upfront. This amount is used as collateral for issuers and usually equals to the future credit line. This type of card can be extremely welcome if you are a beginner at credit issues or for some reason have to rebuild your credit almost from scratch.
Are you new to finance and want to find out what to start building your credit history with? Or maybe you’ve had hard times under your belt and now have to rebuild your credit score bit by bit? Then, probably you’ve already stumbled on some information about secured credit cards and prepaid cards.
Secured credit cards have been increasing in popularity over the last several years, and for good reason. For folks who have no credit history, limited credit history, or a poor credit score, a secured card offers a path toward financial wellness and a healthy credit score.
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