Best Rewards Program for Club Store Purchases (Sams, Costco, etc.)

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fqayumi
 
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Best Rewards Program for Club Store Purchases (Sams, Costco, etc.)

Postby fqayumi » Mon Jul 26, 2010 8:58 pm

Hey everyone,

I am need of a good rewards credit card for my purchases at Sam Club or Costco. I am a convenient store owner and make daily bulk purchases at these clubs to stock my store. I have struggled to find a good card, preferably looking for an airline miles card. The majority of reward cards either don't give me credit for Club store purchases or give me half points.
If anyone has any advice for me I would really appreciate it. I am losing out on a lot of reward points, I make about 10,000 in purchases everyday 2-3 days and would like to capitalize on my rewards. I would greatly appreciate any help.

Thank you very much!

Fahad


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alsteig
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Postby alsteig » Thu Jul 29, 2010 10:00 pm

Amex through costco no brainer.

DoingHomework
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Postby DoingHomework » Fri Jul 30, 2010 4:57 pm

If you are spending $1.5M a year on your card as it seems, I would suggest the platinum or black card. You would get better rewards and the higher annual fees would be insignificant. But what Alsteig said is right also. If you won't take advantage of the plat rewards.

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Mogul of Pineapples
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Postby Mogul of Pineapples » Tue Aug 17, 2010 4:43 pm

Like Alsteig said the Amex for Costco. If you shop at Sams Club they only take Discover and the best one to benefit you would be something like the Discover More.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

jlk82
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Postby jlk82 » Fri Nov 26, 2010 10:09 am

Why does Sams Club only accept Discover credit cards?

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Mogul of Pineapples
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Postby Mogul of Pineapples » Sun Nov 28, 2010 10:32 pm

Because of an exclusivity arrangement between Sams Club and Discover. It's similar to the arrangement between American Express and Costco.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

jlk82
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Postby jlk82 » Mon Nov 29, 2010 1:35 am

Oh. How long will the exclusivity agreements go on for?

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Mogul of Pineapples
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Postby Mogul of Pineapples » Mon Dec 06, 2010 2:49 pm

As long as Amex and Costco are married my money would be on Discover and Sam's Club staying married too for competitive reasons.

If one of the partnership ends then I think the other may consider, but Sam's Club or Costco would have to make the first move before the other would ever follow.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

infomaniac
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Postby infomaniac » Fri Dec 10, 2010 9:59 pm

The warehouse club partnerships are very lucrative for both the credit card and the store. The agreements are for multi-year durations and billions of dollars.



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