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Up until this year, Costco only accepted credit card payments from one card issuer: Amex. That exclusive deal ended this March, the same month that the big box giant announced that it would be moving its lucrative co-brand card to Citi. That left American Express looking for a new partner.

Well, it seems that Amex has found a new home with Sam’s Club. As of this week, all Sam’s Club stores are officially accepting American Express cards, letting you rack up Membership Rewards points, Delta miles or Starpoints every time you swipe.

The new SPG American Express card.
The new SPG American Express card.

As a reminder, here are some of the top consumer cards in Amex’s current portfolio:

Note that while the EveryDay Preferred card earns 3 points per dollar at supermarkets, warehouse clubs (such as Sam’s Club) do not qualify. You can still earn a 50% bonus on points when you make 30 or more purchases in a single billing period, however. Additionally, Sam’s Club purchases are ineligible for double points with the Premier Rewards Gold card, which awards 2 points per dollar spent at supermarkets.

Because all of the above cards will earn one point per dollar at Sam’s Club, you’ll get the best value when you charge purchases to the SPG Amex card, as SPG points are worth 2.5 cents each compared to 2 cents for Membership Rewards points. If you’re planning to use a business credit card at Sam’s Club, see our post on Choosing the Right Amex Small Business Card.

Get $25 back on a new Sam's Club membership.
Get $25 back on a new Sam’s Club membership.

Finally, Amex is offering a $25 statement credit after you spend $45 or more on a new Sam’s Club membership. Your purchase must be made by October 31 and charged to an eligible American Express card (gift cards and corporate cards are not eligible). You have to sign up in a store — you won’t receive the credit if you purchase a membership online. Additionally, you can only get a credit if you purchase a new membership. Statement credits should post by January 31, 2016.

Chase Sapphire Preferred® Card

Even after the introduction of the Chase Sapphire Reserve, the Chase Sapphire Preferred is still a fantastic choice if you want to avoid the Reserve’s $450 annual fee, earn 2x on all travel & dining and earn a 50,000 point sign up bonus.

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More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR
N/A
Regular APR
16.24%-23.24% Variable
Annual Fee
Introductory Annual Fee of $0 the first year, then $95
Balance Transfer
5.00%
Recommended Credit
Excellent Credit

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.