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Is My BJ’s Perks Credit Card Worth It? A Review on the Two


BJs News / Wednesday, September 13th, 2017

 

MyBJs Perks rewards worth it?

I am up for renewal for my BJ’s membership and have been analyzing the options for memberships and the cash back programs. I would like to break down the options for BJ’s members with the credit cards below.

 

 

BJ’s Wholesale Club Offers two credit card options to save even more at the club.

You save 25% off grocery retail price- plus when you stack coupons you will end up saving more than 25%. In fact, if you buy any of these 7 items at the club your $50 membership will be paid for.

What if your membership would be paid for by the cashback from one of these two My BJ’s Perks credit cards?

Bottomline is the BJ’ credit card may not be as good as other cashback credit cards but if you are a frequent shopper at the club it is worth taking a closer look at.

PROS CONS
Up to 5% cashback on most BJ’s Purchases 1% Cash Back Shopping Everywhere Else Mastercard is Accepted
Up to $25 early Membership Savings2 with BJ’s Easy Renewal® Not a high welcome bonus.
10¢ Off Per Gallon at BJ’s Gas® Every Day Not good for spending outside of BJ’s Club.
2% Cash Back Dining Out Rewards come in $20 increments and can only be used at BJ’s.
2% Cash Back at Non-BJ’s Gas® Station Rewards expire
NO ANNUAL CREDIT CARD FEE

 

Should You Apply for a BJ’s My Perks Credit Card?

First, take into consideration the amount of money you spend monthly at BJ’s.  If you are a frequent shopper at the clubs these cards will pay for your membership and more.

Let’s take a closer look:

  • You open a BJ’s Perks Plus Credit Card.
    Costs $40 a year. Receive 3% back on most in -club and BJs.com purchases.

Example:

You spend $150 a week at BJ’s. That is $600 a month. You will be earning $4.50 a week back. That is $18 a month.

Over the course of 12 months= $216. Still, your membership will be paid for if you are spending $150 a week.
Remember that the rewards come in $20 increments so at $600 a month you won’t make the $20 increment. 

 

Let’s say you only shop at BJ’s for certain items and not all your shopping needs. You spend $200 a month there.

That is $6 a month. That is $72 a year. Your membership is still paid for. 

 

  • You open a BJ’s Perks Elite Credit Card.
    Costs $75 a year. Earn 5% back on most in-club and BJs.com purchases.

You spend $150 a week at BJ’s. That is $600 a month.
You will be earning $7.50 a week cashback. That is $30 a month.

Over the course of 12 months= $360. Still, your membership will be paid for if you are spending $150 a week.

Let’s say you only shop at BJ’s for certain items and not all your shopping needs. You spend $200 a month there.

That is $10 a month. That is $120 a year. Your membership is still paid for. 

 

There may be a few disadvantages when you compare to other cashback credit cards but the bottom line is if you are a BJ’s shopper it makes sense to apply for one of these credit cards.

 

 

SIDE BY SIDE COMPARISION

BJ’s Perks Plus BJ’s Perks Elite
3% Cashback 5% Cashback
10 ¢ off/gallon of gas 10 ¢ off/gallon of gas
2% cashback on dining out and other gas purchases 2% cashback on dining out and other gas purchases
1% cashback on other non-BJ’s purchases everywhere else Mastercard is accepted. 1% cashback on other non-BJ’s purchases everywhere else Mastercard is accepted.
$25 Bonus Earnings towards awards for first non-BJs purchase $50 Bonus Earnings towards awards for first non-BJs purchase

BJ’s Easy Renewal Discounts

Once you apply for any of the BJ’s credit cards, you will be auto-enrolled in the ‘Easy Renewal’ program. Your store membership fee will automatically be billed to your credit card when it’s due.  With the Perks Plus card you receive a $10 discount, while the Perks Elite card gives $25. That reduces your BJ’s Membership Costs to $40 and $75 respectively.

 

SIGN UP HERE

 

 

Personal Note:

Since I run a Frugal Farm Girl blog I can’t leave this post without mentioning the fact of being able to have control over your spending. If you know that having a credit card opens a door for you don’t do it. Even though you will save money, if you are spending more money than you have because you can put it on a credit card, it won’t be beneficial down the road.

Consider if you are able to pay off your credit card bill each month. The interest rate is pretty high at 15.24%- 25.24%.

You can also opt for the BJ’s Perks Rewards membership that is not a credit card. Offers only 2% cashback.

 

Do you have a My BJ’s Perks Card?

Will You be getting one after seeing this info? 

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12 thoughts on “Is My BJ’s Perks Credit Card Worth It? A Review on the Two

  1. When I open their credit card they did give me $50 back for the first non bjs purchase until I called them. They told me their promotion ended a year ago.

    1. That’s strange. When did you apply? The pamphlet I just picked up at the club lists the $50 bonus earnings. They have it advertised in-club by the front of club coupons.

  2. I got the Perks card at the beginning of the year. There wasn’t a $50 bonus, but I got a $20 credit for making 5 purchases outside of BJ’s, that I could then use for BJ’s purchases.

  3. I have been shopping there for aleast 5 yrs. I have with good credit haven’t been approved but i spend thousands a year and only get 100 back in rewards.the anount i spend on the membership. Gonna try Costco tomorrow

  4. It would be nice to sign up for one of these cards. Since my family size is 16, we spend between $600-$800 in just one trip to BJ’s. So this card would be a life saver.

  5. My brother, who is obsessive-compulsive about paying bills in a timely manner, cancelled his BJs Perks card after only 6 months because the bank thru which the BJs credit card is serviced kept charging him with a $27 late fee every month even though his payments were never late! Then to add insult to injury, the bank made him jump thru hoops to get the $27 back every month! He finally just cancelled the card.

  6. We have the elite card. We do most of our grocery shopping at bjs. The rewards are good for 5 or 6 mos. And you can watch and manage them on the bjs website. Currently I have $120 in rewards. I have $20 that expires in may. What we typically do is save the rewards till they hit $80 then I go pick up a gift card (visa/disney ) whatever I like. I take it to the checkout and purchase a $100 gc and use my 80 in rewards add 20 bucks out of pocket and tuck the gc away for christmas. So technically you can then use rewards at other places 🙂

  7. As a military member, we get a discount on our membership fee. It’s not much but helps. Sams Club offers the same military discount. I am a big fan of the silver BJS Elite card. I like the gas discount of 10 cents/gallon. I use my $20 bonus every time I shop. I don’t save them up. One con is that the coverage, protection and support is not great for this card. Check the terms of your account to see. Also there is a fee if you use your BJs Mastercard outside the US.

  8. I recently applied for the World elite card. Just wondering – does anyone know how the ‘interest’ is calculated? I only ask as I spoke w/ a representative today and he stated the following: Although there is the monthly statement ‘cut-off’ – purchases after the statement date are subject and due interest as well?
    It’s been my experience – purchases after a statement date cut goes towards the following months statement. Key, as long as one continues to pay the statement off in full – zero interest is accrued.

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