Sams Club Discover card – Two for the Price of One?


The Sams Club Discover card offered by GE Capital Retail Bank, also known as the Business Sam’s Club Discover card, has joined two reputable companies in the creation of a business member credit card sponsored by both Discover and Sams Club. The Sams Club Discover card provides users with a variety of benefits, but as always, it pays to read the details and read the fine print before applying.

 Sam’s Club Discover Card Benefits

So, does the merging of Sams Club and Discover card into one consumer credit card offer more bang for your buck? Is there an advantage to choosing this card over others?  Some of the benefits of the Sams Club Discover card include your opportunity to earn cash back on every purchase, or at least where the Discover card is accepted. Your purchases are not limited to Sams Club stores. In addition, using your Sam’s Club Discover card, you can access cash advances from ATMs that accept Discover networks and you can manage your account easily from the Sam’s Club Discover website. Nothing much new there.

The Sams Club Discover card not only allows you to earn cash back, but offers a variety of additional benefits.  For example, you can earn 2% cashback on your purchases, and access cash up to $100 in club. In addition, you’ll get $0 fraud liability for your Sams Club purchases. The card offers some convenience in that you can use the dual card for either Sams Club or regular Discover purchases, and with no annual fee. The more you use your card, the more you have the potential to earn in cashback rewards.

The Sams Club Discover card can be used, of course, at any Sams Club, but also to buy gas, for travel, dine out at restaurants, and pay your bills. You earn cashback rewards when you pay any recurring bills with the card, and every purchase you make has the opportunity to earn cashback rewards, based on the terms and conditions of the card.

About the Sams Club Discover card Cashback Rewards Program

Let’s talk a moment about the cashback rewards offered with this card. First off, the percentage of every purchase you make that’s eligible for rebate will be determined by your year-to-date purchases. That means that the more year-to-date purchases you have, the higher your rebate percentage will go. The rebate tiers are based on percentages of purchases for Sams Club advantage plus members as follows:

  • Up to $1500 – 0.25%
  • $1500-$3000 – 0.50%
  • $3000-$5000  – 1.00 percent
  • $5000-$10000  – 1.75%
  • $10000-$250000  – 2.00%

Keep in mind that your rebates will be forfeited if two or more consecutive minimum payments on your account are not paid by the due date, or if your account is closed for any reason, except for a lost or stolen card.  Rebate checks come with an expiration date, and if the checks are not used by that date, they will be forfeited.

Sams Club and Discover Bank also reserve the right to change or discontinue rebate programs at their discretion. Still, the card can be used at a variety of wholesale and grocery merchants but are not applicable to a large range of such stores including but not limited to Costco, BJs Wholesale Club, Restaurant Depot, and GFS Marketplace, among others. Check the list of excluded vendors to avoid unpleasant surprises.

The Sams Club Discover card is available for personal or business use.  When it comes to business use, the Sams Club Discover card can also be used for all Sams Club purchases and earn you up to 2% cashback, again based on the above example for purchases eligible for rebate.

Credit Terms

The Sams Club Discover card comes with a percentage rate that ranges between 14.9% and 22.9%, based on your credit history and credit worthiness, as determined by GE Capital Retail Bank.  The penalty APR for the card ranges up to 29.90%. Cash advance APR ranges between 19.90% and 25.90%.

Fees are also applied to cash advances, balance transfers and convenience checks. These fees amount to $5 or 3% of the cash advance, the balance transfer or the convenience check.  Foreign transaction fees of 3% are applied to the amount of every transaction.  If your balance is less than $25, you won’t be charged for late payment fee, but new balances between $25 and $100 will be charged a $25 late fee, and can rise to $40 for balances of $250 or more. You’ll be charged $15 up to $38 for returned check fees.  If you’re over the limit, you can expect to pay a $35 over the limit fee.

Keep in mind that like with many other credit cards, the GE Capital Retail Bank Sams Club Discover card reserves the right to alter the terms of their agreement and conditions at their discretion.  Read the disclosures for the Sams Club Discover card carefully, as when you apply for the business account, you’re agreeing not to use the account to purchase services or goods for household, family or personal use. The bank also reserves the right to determine if a specific purchase adheres to the business purposes only portion of their agreement.

Bottom line

The website carefully outlines the terms, conditions and limitations and exclusions related to the Sams Club Discover card. Take the time to read the fine print carefully. The credit terms of the credit card on the site are offered in a PDF file that’s nearly ten pages long, so take the time to read through it carefully.

If you don’t read the fine print and understand the exact stipulations of the terms and conditions as related to your Sams Club Discover card, you may be open to some unpleasant surprises not only in your fees and APR, but in regard to the rewards and rebate program attached to the card. Many consumers may realize that a Sams Club membership will serve their needs better than the Sams Club Discover card when it comes to use, limitations and exclusions.

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