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Sam's Club to offer rewards credit card

Wal-Mart Stores’ Sam’s Club division on Tuesday said it would offer its members a co-branded rewards credit card later this month.

June 4, 2014

1 Min Read

Wal-Mart Stores’ Sam’s Club division on Tuesday said it would offer its members a co-branded rewards credit card later this month.

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The “5-3-1” MasterCard provides users with 5% cash-back savings on fuel, 3% on dining and travel and 1% back on all other purchases. The card makes Sam’s Club the first mass retailer to offer chip-enabled technology in its cards for added security, the company said.

Officials said the card could allow shoppers to save up to $5,000 a year.

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