Sam’s Club Credit Card Offer
Posted Under: Debt Tales
Although my goals are to get out of credit card debt and I haven’t been too happy with the way some companies have been treating their customers lately, I do see times when you can use them as a tool to get a better deal.
I know some people get good rewards by putting purchases on a credit card and paying off the balance each month. To make this work you need a good rewards card plus the discipline and cash to pay them off each month. You also need the discipline to make sure you don’t spend more than you normally would when paying by cash just to get more rewards.
Today, I was doing some shopping at Sam’s Club and saw an offer saying they would give me a $40 gift card if I applied for a Sam’s credit card and spent $100.00 with it the same day. My purchases were going to be more than a hundred dollars anyway so I decided to do it. I have some cards that pay rewards and I’d have to spend a whole lot more than $100 to get $40 back, so this seemed like it was too good to pass up.
The balance will be paid as soon as bill arrives so I won’t be paying finance charges and I may never use the card again.
Reader Comments
Credit card corporations spend millions of dollars, researching new and better ways for enticing consumers to sign up for credit cards. While it’s always nice to get something “for free” - it’s also very easy to “fall back” on that credit card “just this once”. For me, I ignore all those offers, keep my head down, pay cash, and enjoy the fact that I’ll never have to send another payment to a credit card company.
Good luck w/ you debt reduction! It’s always great to watch your progress. Rock on.
That is so true. I have been enticed by their offers several times and that has contributed to my bad financial situation.
I didn’t take the offer the first time I saw it. I was there to buy about $50 worth of stuff and I remember thinking to myself that by setting the amount you have to spend at $100 , they would probably get a lot of people like me to add another $50 worth of stuff they probably hadn’t intended to buy just to take advantage of the offer.
It was about a week later when I was back in the store to buy an item that was over $100. I did spend a lot of time walking around the store debating the pros and cons of accepting the offer.
I really feel I have changed my spending habits and won’t use the card again. I guess this will be a good test for me.
I do know it felt different when I applied for the card and it really felt weird when I explained to my wife my decision to use credit “just this once”…