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Super Contributor
Posts: 8,146
Registered: ‎05-23-2009
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The terms and the agreement of Sams Club Mastrercard!!!

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Moderator
Posts: 7,621
Registered: ‎08-12-2013
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Re: The terms and the agreement of Sams Club Mastrercard!!!

This is what I suspected would happen, only better than I would have expected!  The "cash over" is gone, but the reward structure is A LOT better!    I'm guessing Wally will have a similar structure, which would definitely make this a good card to have!




Start: 619 (TU08, 9/2013) | Current: 756 (TU08, 1/17/16)
Sam's Club MC $25000 | AMEX BCE $17000 | Sallie Mae WMC $12500 | Care Credit $10200 | Cap 1 QS VS $10000 | JCP $8000 | Amazon Store $8000 | Overstock $6500 | Citi DC $6400 | Discover IT $6000 | Cap 1 V1 WMC $5750 | Macy's Store $5400 | US Bank Cash+ VS $5000 | BofA BBR $5000 | Sony Card $4250 | Macy's AMEX $3500 | Gold Violin $3050 | CU Visa $2500 | Target $1400 | AMEX Costco TE $500 | ~~Gardening Since 11/10/15
Valued Contributor
Posts: 1,172
Registered: ‎10-07-2013
0

Re: The terms and the agreement of Sams Club Mastrercard!!!

OK,

 

a. I'm impressed with the reward structure!  I may have to ask about 'upgrading' into the new Sams MC offering.

b. I'm curious what will happen to the Orange Walmart Discover?  (don't know yet what we get)

c. I'm slightly worried that we don't know yet ho they will handle this conversion; will the new MC have no history, or at least be backdated to the old Discover date?

 

 

I was going to garden... Honest!
Super Contributor
Posts: 8,146
Registered: ‎05-23-2009
0

Re: The terms and the agreement of Sams Club Mastrercard!!!

[ Edited ]

The cash over the counter is the feature of Discvoer card. You can extra cash back. It is not tier rate card. They lowered my rate to 14.99%.  You gain some. You lose some. I think it is compareable to PayPal MC.

They might new TL with new open date. It's going to hurt AAOA. I cannot keep the history of the old account.

 

Ron.

Mega Contributor
Posts: 16,864
Registered: ‎08-08-2011
0

Re: The terms and the agreement of Sams Club Mastrercard!!!


SunriseEarth wrote:

This is what I suspected would happen, only better than I would have expected!  The "cash over" is gone, but the reward structure is A LOT better!    I'm guessing Wally will have a similar structure, which would definitely make this a good card to have!


The cash over is still going to be available ar Sam's if you read it closer. Thanks Ron it's going to be a really good card to have now.

Discover IT $11k / US Bank Ace (VSig) $10K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $9.5k / Walmart Mastercard $8k / PayPal SmartConnect $5.1k
CareCredit $5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $3.95k / Citi DC (WMC) $4.3k
Gardening Date 5/8/15 / MyFico 08: EQ 729 / TU 724 / EX 750 / 7/12/15
Super Contributor
Posts: 8,146
Registered: ‎05-23-2009
0

Re: The terms and the agreement of Sams Club Mastrercard!!!


coldnmn wrote:

SunriseEarth wrote:

This is what I suspected would happen, only better than I would have expected!  The "cash over" is gone, but the reward structure is A LOT better!    I'm guessing Wally will have a similar structure, which would definitely make this a good card to have!


The cash over is still going to be available ar Sam's if you read it closer. Thanks Ron it's going to be a really good card to have now.


Are they going to charge interest like Cash advance?

 

 

Ron.

Moderator
Posts: 27,207
Registered: ‎09-13-2012
0

Re: The terms and the agreement of Sams Club Mastrercard!!!


Ron1 wrote:

The cash over the counter is the feature of Discvoer card. You can extra cash back. It is not tier rate card. They lowered my rate to 14.99%.  You gain some. You lose some. I think it is compareable to PayPal MC.

They might new TL with new open date. It's going to hurt AAOA. I cannot keep the history of the old account.

 

Ron.



Ron1 wrote:

The cash over the counter is the feature of Discvoer card. You can extra cash back. It is not tier rate card. They lowered my rate to 14.99%.  You gain some. You lose some. I think it is compareable to PayPal MC.

They might new TL with new open date. It's going to hurt AAOA. I cannot keep the history of the old account.

 

Ron.


Smiley Surprised

 

Almost unheard of for GE!

Valued Contributor
Posts: 1,172
Registered: ‎10-07-2013
0

Re: The terms and the agreement of Sams Club Mastrercard!!!

[ Edited ]

Several of the GECRB cards have multiple "Account Types"

 

https://www.gecrbterms.com/gecrbterms/

 

PayPal, Ebates, Ebay have two.

 

Wally and Sams have three account type options.

 

The 'R US' and TJX DC's only have a single account type.

I was going to garden... Honest!
Mega Contributor
Posts: 16,864
Registered: ‎08-08-2011
0

Re: The terms and the agreement of Sams Club Mastrercard!!!


Ron1 wrote:

coldnmn wrote:

SunriseEarth wrote:

This is what I suspected would happen, only better than I would have expected!  The "cash over" is gone, but the reward structure is A LOT better!    I'm guessing Wally will have a similar structure, which would definitely make this a good card to have!


The cash over is still going to be available ar Sam's if you read it closer. Thanks Ron it's going to be a really good card to have now.


Are they going to charge interest like Cash advance?

 

 

Ron.


Read the cash over section it seems to be the same structure as before but only at sam's club. Cash over treated as a purchase. With Discover you could get cash over at other retailers.

Discover IT $11k / US Bank Ace (VSig) $10K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $9.5k / Walmart Mastercard $8k / PayPal SmartConnect $5.1k
CareCredit $5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $3.95k / Citi DC (WMC) $4.3k
Gardening Date 5/8/15 / MyFico 08: EQ 729 / TU 724 / EX 750 / 7/12/15
Moderator
Posts: 7,621
Registered: ‎08-12-2013
0

Re: The terms and the agreement of Sams Club Mastrercard!!!


Ron1 wrote:

coldnmn wrote:

SunriseEarth wrote:

This is what I suspected would happen, only better than I would have expected!  The "cash over" is gone, but the reward structure is A LOT better!    I'm guessing Wally will have a similar structure, which would definitely make this a good card to have!


The cash over is still going to be available ar Sam's if you read it closer. Thanks Ron it's going to be a really good card to have now.


Are they going to charge interest like Cash advance?

 

 

Ron.


No.  Rereading it, it'll be like it is now, treated as a purchase.   But yes, the feature is limited to inside Sam's Club moving forward.   That's no worse than the store card, really. 




Start: 619 (TU08, 9/2013) | Current: 756 (TU08, 1/17/16)
Sam's Club MC $25000 | AMEX BCE $17000 | Sallie Mae WMC $12500 | Care Credit $10200 | Cap 1 QS VS $10000 | JCP $8000 | Amazon Store $8000 | Overstock $6500 | Citi DC $6400 | Discover IT $6000 | Cap 1 V1 WMC $5750 | Macy's Store $5400 | US Bank Cash+ VS $5000 | BofA BBR $5000 | Sony Card $4250 | Macy's AMEX $3500 | Gold Violin $3050 | CU Visa $2500 | Target $1400 | AMEX Costco TE $500 | ~~Gardening Since 11/10/15

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