BENTONVILLE, Ark. and
PURCHASE, N.Y. and STAMFORD, Conn., Jan.
27, 2021 /PRNewswire/ -- Sam's Club, (NYSE: WMT), a
leading membership warehouse club, Synchrony, (NYSE: SYF), a
premier consumer financial services company, and Mastercard, (NYSE:
MA) a global technology company in the payments
industry, announced today a new Sam's Club Mastercard rewards
program that provides additional value for cardholders – from
expanded rewards to digital enhancements. The card program is an
essential tool for all Sam's Club Plus members that
helps maximize savings and delivers on the evolving consumer
shopping habits.
Sam's Club, Synchrony, and Mastercard will give Plus
members a total of up to 5% back on eligible Sam's Club
purchases.
Here's how it works: Plus members using their Sam's
Club Mastercard earn 3% back on purchases in-club; they earn
an additional 2% back from their Plus membership for
a total of up to 5%. (Each program is independently operated and
managed*). That is more value than any other credit card can
consistently offer at Sam's Club. For Plus members looking
to make their money go further, there's no better credit card in
the market today.
Cardmembers can take advantage of these new benefits and
features:
- More value: 3 + 2 = 5: Plus members earn 3% back
on eligible purchases when shopping in-club or digitally through
Sam's Club when they use their Sam's Club Mastercard and another 2%
back from their Plus membership, for a total of up to 5%
rewards on eligible purchases.
- Savings: For everyday eligible purchases, the credit
card offers an industry leading 5% cash back on fuel anywhere (up
to $6,000), 3% cash back on dining
and takeout, and 1% cash back on all other eligible purchases.
- Less contact: As consumers look for ways to transact
without touching cash, cards, or keypads, Synchrony has enabled
Sam's Club with contact-free technology, including the integration
of payments capabilities into Sam's Club Scan & Go patented
solution, both in-club and at the pump.
- Mobile first: Sam's Club cardholders can easily make
purchases, track spending, check and pay balances, and securely
manage and freeze accounts via the Sam's Club mobile app enabled by
the Synchrony plug-in ('SyPi').
- Digitized rewards: No more paper checks! Rewards are
automatically loaded onto membership cards and can be used for
future purchases made both online and in club, or exchanged for
cash back.
- Applying made easy: Members can apply for the Sam's Club
Mastercard in club and via digital channels including the member
service desk, at the point of sale (including Scan & Go), the
Sam's Club mobile app, SamsClub.com, via text message, and
self-checkout enabled with Synchrony's patent-pending dApply
technology, API's, and the Synchrony plug-in ('SyPi').
"We are always looking for ways to give our members a better
experience, including ways to help them save money and earn
rewards. This new Sam's Club Mastercard rewards program
builds upon Sam's Club as an essential business during the pandemic
where we saw sales increasing by millions of transactions per week.
Now more than ever, our members need savings. They now have a new
tool in their toolkit to make their money go further," said
Tony Rogers, senior vice president
and chief member officer, Sam's Club.
"The new Sam's Club Mastercard rewards program is for members
who want to make the most out of every club visit – just by buying
things they need to purchase every day," said Tom Quindlen, executive vice president and
CEO of Retail Card, Synchrony. "Our nearly three-decade
relationship rooted in co-innovation, continues to help provide
cardholders with the benefits they deserve and the products they
need."
"Mastercard believes in putting the customer at the center and
helping them find the most value in the products and services they
use every day," said Kush Saxena,
executive vice president, U.S. Merchants and Acceptance,
Mastercard. "The Sam's Club Mastercard rewards program provides a
competitive value proposition, unlocking the expanded benefits and
instant savings consumers deserve on their everyday spend
needs."
Cardholders can access rewards digitally each February. The
rewards can be received as cash back and can be used in any Sam's
Club in the U.S or online.
New cardholder benefits go into effect Jan. 27, 2021. The new credit card design will
become available in March 2021.
About Sam's Club
Sam's Club®, a division of Walmart
Inc. (NYSE: WMT), is a leading membership warehouse club
offering superior products, savings and services to millions of
members in nearly 600 clubs in the U.S. and Puerto Rico. Now
in its 38th year, Sam's Club continues to redefine warehouse
shopping with its highly curated assortment of high-quality fresh
food and Member's Mark items, in addition to market leading
technologies and services like Scan & Go, Curbside Pickup and
home delivery service in select markets. To learn more about Sam's
Club, visit the Sam's Club Newsroom, shop
at SamsClub.com, and interact with Sam's Club on Twitter,
Facebook and Instagram.
About Synchrony
Synchrony (NYSE: SYF) is a premier
consumer financial services company. We deliver a wide range of
specialized financing programs, as well as innovative consumer
banking products, across key industries including digital, retail,
home, auto, travel, health and pet. Synchrony enables our partners
to grow sales and loyalty with consumers. We are one of the largest
issuers of private label credit cards in the United States; we also offer co-branded
products, installment loans and consumer financing products for
small- and medium-sized businesses, as well as healthcare
providers.
Synchrony is changing what's possible through our digital
capabilities, deep industry expertise, actionable data insights,
frictionless customer experience and customized financing
solutions.
For more information, visit www.synchrony.com and
Twitter: @Synchrony.
About Mastercard (NYSE: MA)
Mastercard is a global
technology company in the payments industry. Our mission is to
connect and power an inclusive, digital economy that benefits
everyone, everywhere by making transactions safe, simple, smart and
accessible. Using secure data and networks, partnerships and
passion, our innovations and solutions help individuals, financial
institutions, governments and businesses realize their greatest
potential. Our decency quotient, or DQ, drives our culture and
everything we do inside and outside of our company. With
connections across more than 210 countries and territories, we are
building a sustainable world that unlocks priceless possibilities
for all.
Footnotes:
*Cash Rewards are only available for Sam's Club Plus Members for
in-club purchases with any form of payment. Sam's Club Plus Members
get 2% back on qualifying pre-tax purchases with a maximum reward
of $500 per 12-month membership
period. Cash Rewards are awarded annually about 2 months prior to
renewal date and loaded onto the membership card for use in club,
on SamsClub.com or redeemable for cash. A member can accumulate a
Maximum Balance of $2,000 in earned
Cash Rewards on a membership card, at which point accrual of Cash
Rewards stops until the Maximum Balance is reduced. Cash Rewards
are not earned for purchases made during the time of Maximum
Balance. Restrictions apply. Visit SamsClub.com/CashRewards for
exclusions, program details and terms and conditions.
**Sam's Club® Mastercard® cardholders earn Cash Back Rewards on
eligible net purchases (less credits, returns, taxes and
adjustments) made with their Sam's Club® Mastercard® account.
Rewards percentages depend on the type of purchase made. Cash Back
Rewards are not earned on the following purchases or transactions
at Sam's Club or SamsClub.com: cash advances, tobacco and smoking
related products (including electronic cigarettes), prescription
purchases, reloading or purchase of prepaid cards, gift cards
(including third party gift cards), or any cash equivalents.
Maximum of $5,000 in Cash Back
Rewards can be earned in a calendar year. Eligible Purchases on
multiple Card Accounts for the same Sam's Club member, including
business and personal accounts, will be aggregated in determining
the $5,000 maximum Cash Back per
year. Cash Back Rewards are issued starting each February for the
Cash Back earned during the previous calendar year. Cash Back
Rewards are forfeited if the Sam's Club® Mastercard® account is not
in good standing (i.e., is delinquent) or if the Sam's Club
Membership terminates or lapses. Cash Back Rewards will be
automatically loaded onto your Sam's Club membership and may be
redeemed only at a Sam's Club location or at SamsClub.com. See the
"How to Earn Cash Back with your Sam's Club® Mastercard®" rewards
program terms or visit
SamsClub.com/sams/images/MasterCard_CashBack.pdf for details. The
Sam's Club Mastercard is issued by Synchrony Bank pursuant to a
license by Mastercard International Incorporated. Mastercard is a
registered trademark, and the circles design is a trademark of
Mastercard International Incorporated.
***Rewards are subject to each program's terms, including
different maximum rewards and payout dates. Learn more at
SamsClub.com/Credit and SamsClub.com/Terms.
Media Contacts:
Meggan Kring
Sam's Club Corporate Communications
515-710-6692
Meggan.Kring@walmart.com
Nicole Ward
AVP, external relations, Synchrony
203-564-6938
@NWardsays
Nicole.ward@syf.com
Margaret Williams
Mastercard Communications
914-249-2926
Margaret.Williams@mastercard.com
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SOURCE Synchrony