Over the years, credit card companies and retailers have joined forces in creating attractive co-branded credit cards designed to offer consumers exclusive perks and benefits. One such partnership between BJ’s Wholesale Club and Mastercard has led to the creation of the BJ’s One Mastercard, a credit card specifically designed for BJ’s members. The primary selling point of this card? Generous gas rewards. But is getting a BJ’s One Mastercard membership really worth it? Let’s take a closer look at what the card has to offer.

Rewards System

The BJ’s One Mastercard rewards its users with cashback rates on specific categories, such as dining, travel, utilities, and retail purchases. However, the main star of their rewards program is undoubtedly the gas rewards. Here’s a breakdown of their cashback offerings:

– 5% cashback on most purchases made in-store at BJ’s Wholesale Club.

– 10 cents off per gallon at BJ’s gas stations.

– 2% cashback on dining out and non-BJ’s gas purchases.

– 1% cashback on all other purchases.

Considering that most general-purpose cashback credit cards offer between 1% to 3% on average return, the offer from BJ’s One Mastercard is quite competitive

Membership Fee

To obtain a BJ’s One Mastercard, you must first be a member of BJ’s Wholesale Club. The annual membership fee for this warehouse club costs $55 for an individual plan. However, if you’re an existing member or considering joining BJ’s Wholesale club anyway, this added benefit to your membership can be perceived as a net positive.

Is It Worth It?

Whether or not applying for a BJ’s One Mastercard is worth it ultimately depends on your purchasing habits and priorities. If you frequently shop at BJ’s and fill up your tank at their gas stations, the gas rewards, combined with cashback on in-store purchases, can easily offset the annual membership fee. In this scenario, the card can be quite valuable.

However, if you rarely shop at BJ’s or you don’t refuel at their stations, you might want to explore alternative cashback credit cards. There are a variety of general-purpose cashback credit cards available that may better suit your lifestyle and spending habits.

Conclusion

BJ’s One Mastercard offers a competitive rewards program for its members, particularly when it comes to gas rewards. However, its value solely depends on how often you shop at BJ’s and utilize their gas stations. Carefully evaluate your spending habits before deciding whether acquiring this co-branded credit card is a worthwhile investment for you.