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Super Contributor
Posts: 8,180
Registered: ‎05-23-2009
0

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

You won't get cash back check if your cash back balance is lower than $5. It's still bad. It's like the old terms. You make sure to use your card enough to earn more than $5.00 a year.

 

 

Ron.

Moderator
Posts: 8,398
Registered: ‎08-12-2013
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Re: The terms and the agreement of Sams Club Mastrercard!!!

Cold, we must have posted at the same time....great minds...lol




Start: 619 (TU08, 9/2013) | Current: 768 (TU08, 7/28/16)
Sam's Club MC $25000 | AMEX BCE $20400 | Sallie Mae WMC $16500 | Cap 1 QS VS $10750 | Care Credit $10200 | BofA BBR $10100 | Discover IT $8500 | Marvel MC $8000 | Citi DC $8000 | JCP $8000 | Amazon Store $8000 | US Bank Cash+ VS $7500 | Blispay $7500 | Cap 1 QS WMC $5750 | Macy's Store $5400 | Sony Card $4250 | Macy's AMEX $3500 | Gold Violin $3050 | CU Visa $2500 | Target $1900 | Costco Anywhere $1700 | ~~Gardening Since 5/10/16
Mega Contributor
Posts: 17,101
Registered: ‎08-08-2011
0

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


Ron1 wrote:

You won't get cash back check if your cash back balance is lower than $5. It's still bad. It's like the old terms. You make sure to use your card enough to earn more than $5.00 a year.

 

 

Ron.


Yes but the rewards aren't starting out tiered starting at .25%. The rewards are really awsome considering it's GECRB. I just hope Walmart rewards are close to the same.

Discover IT $16.5k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $9.5k / Walmart Mastercard $8k / Blispay $7.5k PayPal Ex MC $6.1k
CareCredit $5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $3.95k / Citi DC (WMC) $5.7k
Gardening Date 7/01/16 / MyFico 08: EQ 729 / TU 724 / EX 750 / 7/12/15
Moderator
Posts: 8,398
Registered: ‎08-12-2013
0

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


Ron1 wrote:

You won't get cash back check if your cash back balance is lower than $5. It's still bad. It's like the old terms. You make sure to use your card enough to earn more than $5.00 a year.

 

 

Ron.


With the bonus % on gas and restaurants, I'd be getting checks all the time.  I'm a bachelor in Southern California...all I do is dine out and drive.   LOL




Start: 619 (TU08, 9/2013) | Current: 768 (TU08, 7/28/16)
Sam's Club MC $25000 | AMEX BCE $20400 | Sallie Mae WMC $16500 | Cap 1 QS VS $10750 | Care Credit $10200 | BofA BBR $10100 | Discover IT $8500 | Marvel MC $8000 | Citi DC $8000 | JCP $8000 | Amazon Store $8000 | US Bank Cash+ VS $7500 | Blispay $7500 | Cap 1 QS WMC $5750 | Macy's Store $5400 | Sony Card $4250 | Macy's AMEX $3500 | Gold Violin $3050 | CU Visa $2500 | Target $1900 | Costco Anywhere $1700 | ~~Gardening Since 5/10/16
Super Contributor
Posts: 8,180
Registered: ‎05-23-2009
0

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


SunriseEarth wrote:

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. 


You cannot use the store card outside Sams Club and Walmart. You don't earn cash back on the card.

 

 

Ron.

Mega Contributor
Posts: 17,101
Registered: ‎08-08-2011
0

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


SunriseEarth wrote:

Cold, we must have posted at the same time....great minds...lol


Ya! I hope Walmart has a rewards like Sam's. I really hope it comes in the middle of a quarter so I can select changes to my Cash+.

Discover IT $16.5k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $9.5k / Walmart Mastercard $8k / Blispay $7.5k PayPal Ex MC $6.1k
CareCredit $5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $3.95k / Citi DC (WMC) $5.7k
Gardening Date 7/01/16 / MyFico 08: EQ 729 / TU 724 / EX 750 / 7/12/15
Super Contributor
Posts: 8,180
Registered: ‎05-23-2009
0

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


coldnmn wrote:

Ron1 wrote:

You won't get cash back check if your cash back balance is lower than $5. It's still bad. It's like the old terms. You make sure to use your card enough to earn more than $5.00 a year.

 

 

Ron.


Yes but the rewards aren't starting out tiered starting at .25%. The rewards are really awsome considering it's GECRB. I just hope Walmart rewards are close to the same.


I haven't gotten my Walmart Discover Bill yet. It should be similar. 

 

 

Ron.

Super Contributor
Posts: 8,180
Registered: ‎05-23-2009
0

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


SunriseEarth wrote:

Ron1 wrote:

You won't get cash back check if your cash back balance is lower than $5. It's still bad. It's like the old terms. You make sure to use your card enough to earn more than $5.00 a year.

 

 

Ron.


With the bonus % on gas and restaurants, I'd be getting checks all the time.  I'm a bachelor in Southern California...all I do is dine out and drive.   LOL


I think more people takes Mastercard than Discover.  I used to live in LA.  They accepted almost everythiing. Smiley Happy

 

 

Ron.

Mega Contributor
Posts: 17,101
Registered: ‎08-08-2011
0

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


Ron1 wrote:

SunriseEarth wrote:

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. 


You cannot use the store card outside Sams Club and Walmart. You don't earn cash back on the card.

 

 

Ron.


The Mastercard cash over will be treated like the store card is now only available in store. Where Sam's Discover you can get cash over at stores listed on Discovers web site.

Discover IT $16.5k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $9.5k / Walmart Mastercard $8k / Blispay $7.5k PayPal Ex MC $6.1k
CareCredit $5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $3.95k / Citi DC (WMC) $5.7k
Gardening Date 7/01/16 / MyFico 08: EQ 729 / TU 724 / EX 750 / 7/12/15
Super Contributor
Posts: 8,180
Registered: ‎05-23-2009
0

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

The cahs over counter feature is the same ob both cards. You cannot use store card outside Sams Club and Walmart and doesn't earn cash back like Discover.

 

Ron.

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