Sam’s Club offers a variety of groceries and other items. It is one of the most frequented stores when shopping for groceries and other essentials in bulk or large quantities. It is no surprise that Sam’s Club is one of five of the largest membership wholesaler retail stores in America. When shopping for groceries or other items in bulk, it’s not uncommon to ask whether a wholesale retail store offers payment plans. This is what we have found out after researching this topic on Sam’s Club. Does Sam’s Club Offer Payment Plans?
Sam’s Club does offer payment plans amongst other payment options. The store has partnered with Affirm payments which allow customers payment plans.
Now that you know that Sam’s Club offers payment plans, let’s have an in-depth look at the store and this payment option.
Sam’s Club, In a Nutshell
Sam’s club was founded in the year 1938 by Sam Walton, the same man who founded Walmart. There are currently 600 stores across the 44 states of the U.S. The stores are membership wholesale retailers only. Items for sale are sold in bulk, with all items arranged in a warehouse-style setting on the inside.
Items sold vary from electronics, groceries, outdoor equipment, health and beauty products, pet supplies to children’s supplies and jewelry. To Purchase items at any Sam’s Warehouse Clubs, one will need a membership. The membership fee is paid with an annual fee. And there are a great many Perks that come with the membership as well.
For example, cash rewards, extra savings on the bulk items purchased, saving in the pharmacy and optical centers associated with Sam’s Club, etcetera.
Non-members who shop at Sam’s Club may be charged a 10 percent surcharge on their purchases. This is not in every store though, just the ones that aren’t prohibited to charge the fee by law.
Competitors of Sam’s club include Costco, Walmart, and BJ’s Wholesale Club.
What Payment Options Are Accepted at Sam’s Club?
Now that you know more about the warehouse retailer store, let’s have a look at their accepted forms of payment.
- Sam’s Club credit cards
- Walmart credit cards
- Discover cards
- Master cards
- Visa
- American Express
- Sam’s Club gift cards
- Walmart gift cards
- Sam’s Club eGift cards
- Walmart eGift cards
- Cash
- Checks
- Affirm, for payment plans or credit.
Now, let us have a closer look at Affirm and how these payment plans work.
What is Affirm?
Affirm is a payment option offered in partnered stores, to aid customers from debt by offering them a loan to pay for their items.
Affirm boasts that they are there to benefit customers only. This is due to there being no hidden or penalty fees, even for late payments on a customer’s loan.
How Does Affirm Work?
After selecting Affirm as a payment option in-store, you have applied for a loan to help pay for the items you have selected.
Once that is approved, you can select the period over which you will pay back the amount. Over 3, 6 to 12 months or more. With Affirm, you make the choice on how much you can handle paying back.
There are no fees with Affirm and any interest you will be charged for the repayment will be a set figure shown to you during checkout. This interest will never increase or change until the end of repayment.
However, if you do pay off your loan faster than you stipulated at the time the loan was taken, then you may not be charged as much as the original figure. You will get some of that interest shaved off.
To use Affirm in stores that do not accept this payment method yet, you can apply for an Affirm virtual card online. Thereafter, the card can be used like a normal credit card.
If you’re interested in more than just credit, you’d like Affirms interest-bearing savings account. Affirm partnered with Cross River Bank, Member FDIC, to provide these accounts.
There are no minimum deposit fees or charges to open or close the account.
Conclusion
Sam’s Club is a membership warehouse retailer store in the U.S. With over 600 stores nationwide, it is one of the most sought-after stores when purchasing in bulk and its only competitors are Costco, Walmart, and BJ’s Wholesale Club.
Sam’s Club has a variety of payment options accepted in-store. If one is looking for a way to obtain a payment plan without the use of a credit card, the customer can opt for using an Affirm payment at check out.
Affirm is a credit or loan provider which aids customers by offering fixed charges on the loan repayment, as well as no late penalty fees or hidden costs on repayments. Affirm also offers a virtual card for one to use the same way as a credit card.
