During a time when we’re all paying premiums at the pump, Sam’s Club is offering some of its customers a chance to save money with gas purchases.
As a part of its “April Fuels Tuesdays” promotion, Sam’s Club Mastercard cardholders can earn 10% back on gas purchases made on Tuesdays this month.
The best part of this deal? The purchase doesn’t even have to be made at Sam’s Club!
Let’s look at the details.
How Sam’s Club Mastercard Cardholders Can Save on Gas
For the next few weeks, Sam’s Club Mastercard cardholders can receive 10% back on gas purchases.
All you have to do is fill your tank by paying with the credit card at any gas station that accepts Mastercard as a payment option. That means you could fill up at Sam’s Club or any number of gas stations along the route you’ll be traveling on Tuesdays.
Eligible dates for this 10% back promotion are April 5, 12, 19 and 26, 2022.
If your tank holds 20 gallons, at $4 per gallon, you’re looking at $80 to fill it up. This 10% back benefit would put $8 back in your pocket via Sam’s Cash, which can be converted to cash if you choose.
This rate is twice the 5% cash back customers receive from this card on non-promotional gas purchases and five times as much as you could earn with a 2% cash back credit card!
What You Need To Know About the Sam’s Club Mastercard
If you’re a frequent Sam’s Club shopper, you’re likely aware of the Sam’s Club Mastercard already.
It’s a rewards credit card that gives Sam’s Club members rewards for purchases made both at the store and in select spending categories outside the Sam’s Club ecosystem.
Regular rewards with the card include:
- Up to 5% back on Sam’s Club purchases (more on that here)
- 5% back on gas purchases (on up to $6,000 per year)
- 3% back on dining
- 1% back on all other purchases
As part of a recent overhaul of Sam’s Club rewards, cardholders now get their cash back rewards in Sam’s Cash. This can be used to make purchases online or cover a membership fee; they can also be redeemed for actual cash.
Team Clark considers this card one of the best credit cards for gas purchases thanks to the regular 5% back on purchases in the category.
Money expert Clark Howard carries the card in his wallet for times that he needs to fill up a gas-powered vehicle. Though Clark drives an electric vehicle, he still recognizes this card as a top cash back option for gas purchases.
If gas prices have been as bad in your area of the country as they are in mine, you may find this 10% discount is a welcome way to save a few bucks during the next few weeks.
Of course, that doesn’t mean that you should sign up for this credit card solely for a temporary promotion.
Clark would never recommend making a long-term credit card decision for chasing a promotion that could put a few extra bucks in your pocket during a couple of trips to the gas pump.
Instead, you should consider whether you shop at Sam’s Club often enough to see a long-term benefit from the card.
And also consider how you’re paying for your gas purchases already. Does the regular 5% back this card touts offer an improvement from your current rate of return?
If you plan to carry a balance on your credit card, you likely are best served to look for a credit card from your local credit union that has a low APR so that you pay as little on credit card interest as possible.
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