In case you’ve been living under a rock for the past month or twelve, Costco recently switched from an exclusive agreement with American Express to now only accepting Visa.
That’s been a big deal in the credit card world, which I guess is not surprising given the volume of business that Costco does. It has also spilled over into the miles and points world, given how many of us shop at Costco, though savvy OMAAT readers have been able to use whichever credit card they like at Costco for at least a year.
I think Ben alone has posted about the Costco transition about a dozen times in the last month, which is pretty impressive for a guy who has no need for a six-month supply of baby wipes.
Well, it turns out that a guy named Sam is now a little jealous of the attention that his arch-rival Costco is getting. Apparently he’s worried that a few folks have started to think that Costco is the only name in the warehouse club world.
So to try to capture a piece of that buzz, Sam’s Club is effectively honoring Costco memberships as their own through July 4th.
All you need to do is show your Costco card and you can shop just as though you are a Sam’s Club member — no day pass, no added fees, no riding on your neighbor’s credentials, no nothing. It’ll be more or less as though you have a Sam’s Club membership.
My family is pretty loyal to Costco, and there’s a reason we chose Costco in the first place. That said, I think it could be interesting to see what the competition looks like, and you know, shop around a little. I don’t think I’ve personally been in a Sam’s Club in at least a decade. I also figure they carry slightly different products, so it could be a chance to diversify our cereal stockpile.
Sam’s Club is also eligible for 5x points on the Chase Freedom at present, which makes that part easier. The only real downside I can see is that anything we buy at Sam’s instead of Costco will displace the 2% year end rebate we receive as Costco Executive members. So anything we buy at Sam’s that we could have purchased at Costco better be 2% cheaper, or else it’s a bum deal.
But aside from that, I figure it’s a chance to sample the competition, and if your family is like ours, I do mean sample…
If you have a Costco membership, will you give Sam’s Club a try at some point over the next week? Any unique products I should keep an eye out for?