It was no longer possible to apply for a Sam's Club Discover credit card as of June 13, 2014, notes the Sam's Club website. Sam's Club has since partnered with MasterCard and has converted all Sam's Club and Discover co-branded credit cards in 2014.Continue Reading
Sam's Club is an American members-only chain of retail warehouse clubs, operating in 621 locations across most states in the United States. Oregon and Vermont are the only states that do not have a Sam's Club store. A subsidiary of Wal-Mart, Sam's Club operates just like other warehouse club stores wherein the merchandise are sold by bulk and are put on display stocked just like a typical warehouse.
For more than 10 years, the co-branded card of Sam's Club was managed by Discover Financial Services. This relationship ended in 2014 when Sam's Club finalized a multi-year agreement with GE Capital Retail Bank, who will manage and service the MasterCard credit card programs of the retail chain. The switch to MasterCard will give members a card that is more widely accepted and with more features and benefits, according to an article on FierceRetail.
During the transition, Sam's Club continued to accept co-branded Discover cards during the gradual phase out period. The partnership also signaled an easing of tensions between Wal-Mart and MasterCard. Earlier in the year, Wal-Mart was embroiled in a legal battle with MasterCard and Visa regarding high swipe fees.Learn more about Credit & Lending