The Perks of Warehouse Club Credit Cards
Many come with better cash reward options for club members, as well as deals at the pump and more.
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Costco members were shocked some months ago to learn that Costco and American Express were getting a divorce. Starting June 20, Costco will discontinue its Amex TrueEarnings card and begin accepting the Costco Anywhere Visa by Citi. Customers will also be able to use any Visa credit card at the register, but Amex cards will no longer be accepted.
The good news: Costco's new Visa card (0% APR for seven months, then 15.49%; membership fee starts at $55 and includes the credit card's annual fee) offers better cash-back rewards than the Amex card. It will pay 4% on up to $7,000 in annual gas purchases at Costco and other gas stations, 3% on dining and travel, 2% at Costco and 1% on everything else. (For more information, go to www.costco.com/credit-card.html.)
Sam's Club and BJ's Wholesale Club also offer credit cards that charge no separate annual fee. The Sam's Club MasterCard (14.9% or 22.9% APR; membership fee starts at $45) pays an impressive 5% on up to $6,000 in gas purchases a year. You also get 3% back on dining and travel, and 1% on all other purchases. The My BJ's Perks MasterCard (14.99% or 24.99% APR) has two levels. The Elite card, with a $100 annual membership fee, offers 5% back on BJ's purchases; the Plus card, with a $50 annual membership fee, pays 3% in-store. Both cards provide a 10-cent-per-gallon discount at BJ's gas stations, 2% cash back on other gas purchases and dining, and 1% on everything else.
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Which card rewards you most depends on your spending patterns. But especially if you buy a lot of gas, the Sam’s Club card gets the nod.
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

Lisa has been the editor of Kiplinger Personal Finance since June 2023. Previously, she spent more than a decade reporting and writing for the magazine on a variety of topics, including credit, banking and retirement. She has shared her expertise as a guest on the Today Show, CNN, Fox, NPR, Cheddar and many other media outlets around the nation. Lisa graduated from Ball State University and received the school’s “Graduate of the Last Decade” award in 2014. A military spouse, she has moved around the U.S. and currently lives in the Philadelphia area with her husband and two sons.
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