BENTONVILLE, Ark.--(BUSINESS WIRE)--Sam’s Club today announced the national rollout of Cash Rewards, a new program that provides $10 in Cash Rewards for every $500 spent on qualifying pre-tax purchases.
Beginning June 12, Sam’s Club Plus members will automatically be enrolled to start earning up to $500 in Cash Rewards annually, an industry-leading benefit among warehouse clubs.
The rewards, loaded annually onto membership cards, can be used for purchases in-club or on SamsClub.com, applied to annual membership fees, or redeemed for cash at any Sam’s Club register. Sam’s Club Plus members can track their Cash Rewards through their SamsClub.com account, the Sam’s Club mobile app, or at the Member Services Desk.
“We believe it’s important to add value to our membership by offering services and benefits that provide that extra something to our members,” said Rosalind Brewer, President and CEO of Sam’s Club. “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.”
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 Hoursi: 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 Discountii: 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 Discountiii: 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.
About Sam’s Club
Sam’s Club®, a division of Wal-Mart Stores, Inc. (NYSE: WMT), is a leading membership warehouse club offering superior products, savings and services to millions of members in 635 clubs in the U.S. and Puerto Rico. To learn more about Sam’s Club, visit the Sam’s Club Newsroom, shop at SamsClub.com, and interact with Sam’s Club on Twitter and Facebook.
i May vary by club.
ii Plus and business members save an additional 8% on name-brand prescriptions and 40% on generics not part of the $4/$10 generic prescription program, when paying out-of-pocket and not using prescription drug coverage. Savings based on the dispensing Sam’s Club Pharmacy’s regular retail cash price. Discounts do not apply to purchases submitted to any health benefit program, pharmacy benefit program, insurer or governmental health care program. Discount is non-transferable, may not be combined with other offers, and is available in-club only. Other restrictions may apply. See your local Sam’s Club Pharmacy for details.
iii Receive $40 off a regular-priced pair of eyeglasses (frames and lenses) with a purchase of a one-year supply of contact lenses. Valid eyeglass and contact lens prescriptions required. One-year supply is determined by manufacturer’s recommended wear schedule. Offer applies to prescription eyeglasses and prescription sunglasses. Professional eye exam not included. This offer does not apply to individuals using vision insurance of any kind, including Medicaid or Medicare, for all or part of their purchase. This offer is non-transferable and may not be combined with other offers except associate eyewear discount. Offer not available in Arkansas, Delaware, Oklahoma and Rhode Island, and is available in-club only. Cash Rewards are only available for Sam’s Plus™ Members. Sam’s Plus Members earn $10 in Cash Rewards for every $500 in qualifying pre-tax purchases with a maximum reward of $500 per 12-month membership period. Cash Rewards are awarded annually and loaded onto the membership card for use in-club, on SamsClub.com or redeemable for cash. A member can accumulate a Maximum Balance of $2,000 in earned Cash Rewards on a membership card, at which point accrual of Cash Rewards stops until the Maximum Balance is reduced. Cash Rewards are not earned for purchases made during the time of Maximum Balance. Restrictions apply. Visit SamsClub.com/cashrewards for program details and terms and conditions.