topic Re: Sams club personal credit? in Credit Cards

Sams club personal credit?

enerey — Mon, 23 Nov 2015 04:55:14 GMT

hi everyone, I have a question about Sams club store credit. I have a $2500 credit line with them but I was just online and I saw that when my membership expires in 7 days that my credit line will also expire. is there any way to get them to pc to mastercard? is it better to go in store or call? I will not be renewing membership because I always wait until I find a discount membership as I do not shop there often but would still like to keep my credit line.

Re: Sams club personal credit?

Anonymous — Mon, 23 Nov 2015 07:39:59 GMT

@enerey wrote:
hi everyone, I have a question about Sams club store credit. I have a $2500 credit line with them but I was just online and I saw that when my membership expires in 7 days that my credit line will also expire. is there any way to get them to pc to mastercard? is it better to go in store or call? I will not be renewing membership because I always wait until I find a discount membership as I do not shop there often but would still like to keep my credit line.

You either have to be initially approved for the MC or receive an invitation from them. I believe that to apply for the MC you must be a member. Do you have the regular membership or the plus membership? I have the plus membership and have received enough cash back to pay for my membership next year. So, in order to keep your CL, you may have to renew your membership.

Re: Sams club personal credit?

UncleB — Mon, 23 Nov 2015 10:21:03 GMT

With my Sam's MasterCard, there is a stipulation somewhere in the text that conditions having the card on having an active membership, but it also goes on to state that if you need to cash your annual rewards check and don't have an active membership you can get a 'day pass' to do so... so there definitely seems to be some 'wiggle room' there.

Personally, I can't imagine Synchrony (or Sam's, for that matter...) closing a credit account when a membership expires. My own membership will expire in August, and I plan to wait until the fall before renewing to get a discount through Discover or Amex (who this year both ran promotions on renewals later in the year). You might want to check around, or even check directly with a member desk at a club (either in person or phone) to see what they say.

Re: Sams club personal credit?

Anonymous — Mon, 23 Nov 2015 11:05:09 GMT

While I don't have a MC, Ive been a member on and off and ten years, I don't plan on letting it lapse cause I like my current CL ,

Re: Sams club personal credit?

enerey — Mon, 23 Nov 2015 11:15:32 GMT

thanks, I have the plus membership. Got it when I found a special for $45 with a $25 gift card. I really do not shop there enough to justify the $100 fee. I will call in a little bit and see what they say, maybe I can get a discount on the renewal or an upgrade to mastercard. crossing my fingers.

Re: Sams club personal credit?

Anonymous — Mon, 23 Nov 2015 11:31:27 GMT

Why are you getting a $100 membership when there's a $45 one?

Re: Sams club personal credit?

enerey — Mon, 23 Nov 2015 11:42:51 GMT

I only got it cause I got it on special $45 with $25 back. I will see if I can get a discount on a renewal or maybe just go with a regular membership and considered it an annual fee. (I hate annual fees).

Re: Sams club personal credit?

Anonymous — Mon, 23 Nov 2015 12:16:54 GMT

@enerey wrote:
I only got it cause I got it on special $45 with $25 back. I will see if I can get a discount on a renewal or maybe just go with a regular membership and considered it an annual fee. (I hate annual fees).

I hate them too, but since I do a lot of shopping there, the cash rewards pays for the membership so it's not so bad for me. Hope you are able to get the MC. Hopefully by the time I get to a year on my card my score will be over 700 and they will upgrade me to a MC.

Re: Sams club personal credit?

UncleB — Mon, 23 Nov 2015 12:40:32 GMT

Right now I'm accumulating +/- $30 each month in cash rewards, so even if I end up paying full price for the membership next year I can't complain too much... but I'm cheap, so I'm still hoping to get a break on it somehow... LOL

Re: Sams club personal credit?

enerey — Mon, 23 Nov 2015 14:40:41 GMT

OK just called in, had to call twice the first rep sounded like she just woke up and just said they don't do upgrades to Mastercard have to apply for it. The second rep told me the same thing about the upgrade but also said if my membership expires that my credit will still be available but I can only use it to shop at Walmart since I would no longer be a member of Sams club. I hope she is right.

Re: Sams club personal credit?

Anonymous — Mon, 23 Nov 2015 17:51:22 GMT

Who knows. I was told I didn't need a membership to keep the personal credit. The one thing that has irritated me is when I lost my card, my credit report showed the account as closed, the reopened on a new one.

I know with the MC you do not need to keep the membership active...that yearly check you can still take in club an cash it. You dont need a membership to shop, you just pay a 10% surcharge if you have no membership.

If you arent a wheeler and dealer, just remember you need to spend $5500 yearly to justify their basic membership.

The other thing that bothered me was when I changed my PLCC from my membership to a complimentary one, it has still not shown up on my credit reports, and have yet another sams credit card that is closed.

What I have done for years is this. Use your significant other, a friend, whomever. All it takes is two people, and alternate who the primary memberships name is in. This allows you to get the groupon or living social or whatever other deal you want every year. I always get the plus membership because its 2% back (although it is kind of tricky because it goes in increments of $500 and they arent very clear with how much you need to spend to hit the next one)....

I was glad I got my sams plcc...fast way to a big limit which helped my utilization fast and got me other approvals. But in retrospect, its pointless because the DC and fidelity beat it every time. I of course would love the MC upgrade...and if I dont get auto approved in the next few years I may reapply if it still exists.

Re: Sams club personal credit?

Anonymous — Mon, 23 Nov 2015 19:18:50 GMT

@enerey wrote:
hi everyone, I have a question about Sams club store credit. I have a $2500 credit line with them but I was just online and I saw that when my membership expires in 7 days that my credit line will also expire. is there any way to get them to pc to mastercard? is it better to go in store or call? I will not be renewing membership because I always wait until I find a discount membership as I do not shop there often but would still like to keep my credit line.

If you have a good standing I don't think that will be a big problem.

Re: Sams club personal credit?

CreditUnionFan — Tue, 24 Nov 2015 12:15:55 GMT

@enerey wrote:
thanks, I have the plus membership. Got it when I found a special for $45 with a $25 gift card. I really do not shop there enough to justify the $100 fee. I will call in a little bit and see what they say, maybe I can get a discount on the renewal or an upgrade to mastercard. crossing my fingers.

In many cases you can visit the Member Services desk at a club to cancel just the "Plus" upgrade portion and receive some sort of refund for the difference between the two levels of membership. You don't have to actually cancel the entire membership.

Re: Sams club personal credit?

Anonymous — Tue, 24 Nov 2015 23:47:37 GMT

@enerey wrote:
OK just called in, had to call twice the first rep sounded like she just woke up and just said they don't do upgrades to Mastercard have to apply for it. The second rep told me the same thing about the upgrade but also said if my membership expires that my credit will still be available but I can only use it to shop at Walmart since I would no longer be a member of Sams club. I hope she is right.

In lieu of hoping, this is a perfect opportunity for you to review the Terms & Conditions of your credit card. Then use that information along with the comments, from this thread, to make an informed decision about what you can/can't do with your credit card.

Re: Sams club personal credit?

Anonymous — Wed, 25 Nov 2015 00:22:10 GMT

@Anonymous wrote:
Who knows. I was told I didn't need a membership to keep the personal credit. The one thing that has irritated me is when I lost my card, my credit report showed the account as closed, the reopened on a new one.

I know with the MC you do not need to keep the membership active...that yearly check you can still take in club an cash it. You dont need a membership to shop, you just pay a 10% surcharge if you have no membership.

If you arent a wheeler and dealer, just remember you need to spend $5500 yearly to justify their basic membership.

The other thing that bothered me was when I changed my PLCC from my membership to a complimentary one, it has still not shown up on my credit reports, and have yet another sams credit card that is closed.

What I have done for years is this. Use your significant other, a friend, whomever. All it takes is two people, and alternate who the primary memberships name is in. This allows you to get the groupon or living social or whatever other deal you want every year. I always get the plus membership because its 2% back (although it is kind of tricky because it goes in increments of $500 and they arent very clear with how much you need to spend to hit the next one)....

I was glad I got my sams plcc...fast way to a big limit which helped my utilization fast and got me other approvals. But in retrospect, its pointless because the DC and fidelity beat it every time. I of course would love the MC upgrade...and if I dont get auto approved in the next few years I may reapply if it still exists.

My DH got a pre-approved offer for the MC about a month ago when he was checking out. It was attached to his receipt. IDK if this only happens for folks that don't already have a credit card with them, so YMMV. Good luck!