No. of Recommendations: 17
Just paid off my Sam's club credit card (and cancelled my membership) at 21% interest I do not need that card anymore. I rarely go there so can't justify paying $40.00 per year for a membership.

Best Buy at 24% APR? You are next on my hit list! I owe them $485.00.

After I kick Best Buy to the curb, Crapital One is next.
Print the post Back To Top
No. of Recommendations: 3
Allisonh2,

You wrote, Just paid off my Sam's club credit card (and cancelled my membership) at 21% interest I do not need that card anymore. I rarely go there so can't justify paying $40.00 per year for a membership.

I just said bye to my Sam's Club membership as well. We just moved to the Seattle east side and the closest Sam's Club is now 17 miles away while the closest Costco is now 1.3 miles. It's just not worth paying for the membership for the few items that are unique to Sam's Club.

- Joel
Print the post Back To Top
No. of Recommendations: 2
question-
I do not belong to any warehouse clubs.
I only requires something maybe once a year for which it even makes sense (not counting that I get all ooooh Shiny!! when inside them and spend more than i want)
So i have a friend, who has a membership, pick something up for me.

Example: a 2# package of yeast lasts me over a year and costs the same as about a dozen packets.

Is this cheating the warehouse club of a membership?
Because the alternative is not that I wold buy a membership.
The alternative is I would just buy it online...

peace & discuss
t
Print the post Back To Top
No. of Recommendations: 4
Don't see how it's cheating them out of a membership, since lack of a friend's membership would mean you'd just buy elsewhere, not that you'd buy your own.

I buy from Sam's club a lot, but we live out in the sticks and we have storage space for large quantities of staples and the occasional big item that we've found cheaper there (furniture, mattresses, etc.) And their gas is usually a few cents cheaper.

My son shares a membership to Costco with his roommates and he raves about their products, but I don't want to have to "learn" another warehouse store layout, what's worth it, what isn't, etc.

I did give up their credit card a few years ago when a computer glitch posted an online payment of $26K instead of the $260.00 I entered and they were trying to tell me it would take six weeks to reverse the error. They finally got it down to ten days, but I was an unhappy camper. Now I show my membership card and pay with my Mastercard.

About once a month, I take a non-member friend with me and she picks up a few things on my membership. I've never felt bad about it.



cm
Print the post Back To Top
No. of Recommendations: 0
Congratulations on the paydown!

I have never gotten a Sam's Club membership. As a single person, I think it would likely just make me spend more on stuff I don't need. On the rare occasions when I want to go, I will go with one of my parents but that's mostly for browsing...
Print the post Back To Top
No. of Recommendations: 0
Is this cheating the warehouse club of a membership?
Because the alternative is not that I wold buy a membership.
The alternative is I would just buy it online...

peace & discuss
t


No, it isn't.

If it was an expensive item that involved warranty, buying a membership would be best.
Print the post Back To Top
No. of Recommendations: 0
probably good idea to get rid of high intereste credit card debt, maybe i'll take your advice
Print the post Back To Top
No. of Recommendations: 4
ProjectPat1,

You wrote, probably good idea to get rid of high intereste credit card debt, maybe i'll take your advice

It's not as simple as that. High interest rate credit cards are only a problem if you float a balance on them. Most store cards are high rate, but some offer an in-store benefit. If you can keep from carrying a balance, those can be beneficial - at least if you already shop at that store a lot. Same advice holds for any rewards cards actually.

So don't just paint all high rate cards the same... But if you have one, don't use it unless you can pay it off when the balance comes due. And consider ditching it if it offers you no other benefit.

- Joel
Print the post Back To Top