Is My BJ’s Perks Membership Worth It?


Wondering if you should upgrade to a BJ’s Perks rewards membership? Here is a side by side look to see if the upgraded membership is worth the extra cost. 

 

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?

Bottom line 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.

 

 

PROSCONS
Up to 5% cashback on most BJ’s Purchases1% 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 DayNot good for spending outside of BJ’s Club.
2% Cash Back Dining OutRewards come in $20 increments and can only be used at BJ’s.
2% Cash Back at Non-BJ’s Gas® StationRewards expire
NO ANNUAL CREDIT CARD FEE

*If you want to renew your BJ’s membership for only $25 do so here. (It is not an upgraded membership and can end at any time.)

 

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 $55 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 $110 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.

Currently, the interest rate is 28.99%.

 

SIDE BY SIDE COMPARISON

BJ’s Perks PlusBJ’s Perks Elite
3% Cashback5% Cashback
10 ¢ off/gallon of gas10 ¢ off/gallon of gas
2% cashback on dining out and other gas purchases2% 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

BJs added an expense sheet here if you want to see if this credit card will be worth it using it at other places.

BJs Perks Rewards

This membership doesn’t require any credit card. You will pay $110 a year and earn 2% cashback. That is a hefty membership fee to get 2% cashback. When you reach $20 in cashback it shows up on your membership card. When you checkout it will say you have $20 to use, want to use it now?

If you choose to do so $20 is taken off your total.

You can sign up for this one online if you want here. 

 

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? 


Post May Contain Affiliate Links. Thanks for Your Support. 

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