Many of us take advantage of warehouse clubs to buy in bulk and save money, but most people sign up for a basic membership. Depending on your spending patterns, it might save you money to upgrade your membership.
BJ’s standard membership is $50 per year. Their premium membership is $90 per year. Once you upgrade, you get 2% rewards back, up to $500 per year. Reward checks are mailed out twice per year. So if you spend more than $375 per month, you would get your $90 reimbursed through the rewards program, and of course be eligible for another $410 in rewards as well.
Costco’s standard membership is also $50 per year, and they have the same 2% rewards program up to $500 per calendar year. So if you spend more than $400 per month the Executive membership will pay for itself in store credit.
Sams Wholesale Club cost only $40 per month for the standard membership. If you get their Discover card, you receive up to 1% cash back including purchases you make at Walmart. If you upgrade to the $100 a year membership, you can earn up to 2% cash back with the discover Card including Walmart. If you spend more than $450 per month using the Discover card the upgrade pays for itself. So yo have the potential of earning unlimited cash back rewards BUT not everyone wants a new credit card. With BJ’s and Costco you are not required to sign up for a credit card program.