Wal-Mart, SAM'S CLUB Announce Cross Acceptance of Private-Label Credit Cards
Wal-Mart customers and SAM’S CLUB members will find it even easier to shop and pay at their favorite retailer and warehouse club, thanks to a new program in which Wal-Mart and SAM’S CLUB will accept each other’s private-label credit cards.
SAM’S CLUB members who hold Wal-Mart credit cards and Wal-Mart Community & Business cards can now use them to charge items at any SAM’S CLUB in the United States and Puerto Rico. SAM’S CLUB Credit members can use their Personal Credit cards or Business Revolving Credit cards to buy merchandise at Wal-Mart discount stores, Supercenters and Neighborhood Markets.
"The cross-acceptance of Wal-Mart and SAM’S CLUB credit cards is an added benefit to card holders, offering them more payment options and greater convenience when shopping at our stores and clubs," said Tom Schoewe, chief financial officer of Wal-Mart Stores, Inc. "With nine out of every 10 SAM’S CLUB Credit card holders already shopping at Wal-Mart, we think they will welcome one-card convenience."
As an added benefit, some four million Wal-Mart credit card holders are receiving SAM’S CLUB one-day passes. These provide Wal-Mart customers the opportunity to shop for a day and check out the outstanding values before joining SAM’S CLUB. Existing SAM’S CLUB members who receive the pass can share it with a family member or a friend.
Additionally, millions of SAM’S CLUB members with existing credit were recently mailed
a newly designed membership card with cross-accept functionality. Members who do not have the new card will need to visit the SAM’S CLUB Membership Desk and request a new card in order to take advantage of cross-shop opportunities.
"We are excited about this credit enhancement because it was designed specifically as a result of customer and member requests," Schoewe added.
Customers who don’t have a Wal-Mart credit card can now apply by logging on to the gift registry at any Wal-Mart store, and based on credit approval receive "express credit" they can use right away. There is no annual fee, no expiration date, low minimum monthly payments, and no finance charges if the account is paid in full and received by the payment due date listed on the billing statement.
Wal-Mart customers who are not members of SAM’S CLUB can log on to www.samsclub.com or visit their local club to become a member and apply for credit. GE Card Services is the credit provider for all Wal-Mart Stores, Inc. private-label credit card programs. GE Card Services is one of the largest issuers of private-label credit in the United States.
With annual sales of $191 billion, Wal-Mart Stores, Inc. operates more than 2,700 discount stores, Supercenters and Neighborhood Markets, and more than 490 SAM’S CLUBS in the United States. More information about Wal-Mart can be located on-line at www.walmartstores.com and www.walmart.com. The SAM’S CLUB Web site can be accessed at www.samsclub.com.