Sam’s Club Announces Cash Rewards Program
Membership warehouse retailer Sam’s Club, a division of Wal-Mart, has announced the national roll-out of Cash Rewards, a new incentive for members of the chain’s loyalty program.
“We believe it’s important to add value to our membership by offering services and benefits that provide that extra something to our members,” Rosalind Brewer, president and CEO of Sam’s Club, said in a press release. “With the summer entertaining and travel season just around the corner, Sam’s Club Plus members can start earning cash rewards during a peak spending time and continue to enjoy this money back advantage all year long.”
Cash Rewards provides Sam’s Club Plus members $10 in cash rewards for every $500 spent on qualifying pre-tax purchases, a perk Sam’s Club is touting as an industry-leading benefit. Members of the Plus program will be automatically enrolled.
Sam’s Club Plus Member Benefits
The Cash Rewards program increases the value already available to Sam’s Club Plus members. For current Sam’s Club Plus and those that upgrade to it, these benefits include:
- Early Shopping Hours: Club doors open at 7 a.m. Monday through Saturday, three hours earlier than regular shopping hours.
- Extra Protection Service Plan: Receive an extra year of coverage with the purchase of a Protection or Care Plan (excludes cameras, computers, smartphones and tablets).
- Pharmacy Discount: Members can take advantage of 8 percent savings on name-brand prescriptions and the Extra Value Drug List provides up to 40 percent savings on many generics when not using prescription drug coverage. In 2012, Plus members using the discount saved on average $16 per prescription versus the regular Sam’s Club retail price.
- Optical Discount: Take$40 off a regular-priced pair of prescription eyeglasses when purchasing a one-year supply of contact lenses not using vision plan/insurance benefits.
The rewards, which are loaded onto membership cards, apply to annual membership fees, in-club or online purchases or for cash redemption at the register. Members can track their rewards online or through the Sam’s Club mobile app.
Filed under: Brand Loyalty