We all know grocery shopping can take about 1/3rd of the monthly budget. Many people like bulk shopping from Costco, BJ's, and Sam's Club stores. The best thing about these wholesale clubs and markets is that you can save much money. But if you want to make your grocery shopping more budget-friendly and take the savings to another level, wholesale club credit cards are the best option.
If you are not aware of these wholesale club credit cards and their benefits, no need to worry. This article will help you understand why you need to have one in your life. So, let's jump right into the article and look at it.
What are the Wholesale Club Credit Cards?
Wholesale club credit cards are a specialized category of credit cards co-branded or affiliated with specific wholesale clubs. Prominent examples include those from Costco, BJ's, and Sam's Club. These credit cards typically offer unique rewards and benefits tailored to the wholesale club's offerings.
It's crucial to distinguish between these cards: some can only be used within the specific club they are associated with, while others bear the Visa or MasterCard logo, indicating they are accepted for transactions virtually anywhere. This flexibility allows cardholders to not only enjoy exclusive rewards within the wholesale club but also use their card for everyday purchases, making them versatile options for those who frequently shop at these establishments and beyond.
What are the Best Wholesale Club Credit Cards?
If you are trying to find the best wholesale club credit cards to save money, then the following are some of the most beneficial cards you should own.
Costco Anywhere Visa Card:
If you are a Costco shopper, owning a Costco Anywhere Visa Card by Citi can benefit you. The best thing about this card is the impressive rewards they offer to their members. One of the best things you'll get if you have this card is the high rate of gas purchases. This means you will be getting about 4% money back on spending $7000 per year on an eligible gas station such as gas at Costco.
Not only this, you will also get about 3% back on the restaurants and even travel purchases that are eligible on this card. Customers also get 2% of their money back if they use the card on Costco or Costco.com purchases. Furthermore, there is a 1% back on everything purchased from this card. Using this card, you will also get the perk of no foreign transaction fee.
You don't have to pay any annual fee for this card if you are a member of Costco.
Sam's Club MasterCard:
If you are a frequent customer at Sam's Club, getting the Sam's Club MasterCard might be a good option. The best thing is that you don't have to pay any fee for getting the card if you have a Sam's Club membership. You will also get different perks, such as 5% back on the $6000 gas each year. For dining and restaurants, you will get about 3% money back, and for other purchases, 1% money back is given. There are no foreign transaction fees with this MasterCard.
Other than this, bonuses of up to 30% when you open the account are also provided. Also, you can use at least %30 in Sam's Club after you open the account but within the first 30 days.
Bank of America Customized Cash Rewards Credit Card:
The Bank of America Customized Cash Rewards Credit Card is an ideal choice for savvy shoppers who frequent wholesale clubs. With this card, you can maximize savings and earn rewards. It offers 2% cash back at wholesale and grocery stores, making it perfect for those who enjoy bulk shopping. Additionally, you get to choose a shopping category each month and earn 3% cash back on purchases in that category.
Notably, this credit card comes with no annual fee, making it cost-effective for cardholders. As a bonus, there's a welcome offer where you can receive a $200 online cash reward after spending $1,000 within the first 90 days of opening the account. This card is designed to enhance your shopping experience while putting money back in your pocket.
BJ's One and One+ MasterCard Credit Card:
The BJ's One and One+ MasterCard Credit Card is a great choice for BJ's enthusiasts who frequently shop for groceries there. Co-branded with Capital One, this card offers substantial rewards to its users. When you use this card, you'll earn 3% rewards on purchases made at BJ's and BJ's.com. Additionally, you'll enjoy a discount of 10 cents per gallon of gas at BJ's gas stations.
One of the appealing aspects of this credit card is that it comes with no annual fee, ensuring that you don't have to worry about additional costs for being a cardholder. If you're a regular BJ's shopper, this card can help you save money and earn rewards on your purchases, making it a valuable addition to your wallet.
Final Words:
Everyone likes to save some bucks when inflation is getting worse. With the help of wholesale clubs credit card, you can get many benefits and save a lot of money on groceries. This article was beneficial for you in learning how these cards can benefit you and which one to get for yourself.
