BJ's One Mastercard Review 2024 (2024)

BJ’s Wholesale Club’s partnership with Capital One and Mastercard has produced a piece of plastic that comes with 3% back in rewards on most purchases at BJ's and 1.5% back in rewards everywhere else and 10 cents off per gallon when you buy your gas at BJ’s gas stations. As BJ’s Wholesale Club is membership-based, you do need to be a member to apply for the card.

You can redeem your rewards in its store or use them to help pay for your membership. The BJ’s standard membership costs $55 for 12 months.

• 10 cents off per gallon at BJ’s gas stations
• No annual fee but requires a BJ’s membership of $55 a year
• 3% in rewards on most BJ’s purchases
• 1.5% on other purchases where Mastercard is accepted

Earning Rewards

The BJ’s One Mastercard earns 3% back in rewards on most purchases at BJ's and 1.5% back in rewards everywhere else. BJ’s rewards don’t expire and there’s no cap on the amount that you can earn.

One thing to look out for if you hold a BJ’s One Mastercard is the bonus earnings which are released from time to time as a perk for customers. How many of these you can earn may vary, but as you may have to register to qualify for the offer you will need to remain eagle-eyed if you want to bump up your rewards with these bonus earnings.

Redeeming Rewards

You can redeem your rewards in $10 increments at the checkout in store or online. Rewards can be used against purchases or club membership. Unlike some other credit cards, you can’t use it to reduce your outstanding credit card balance.

Redeeming Potential

Forbes Advisor uses data from various government agencies to determine baseline income and spending averages across various categories. The 70th percentile of wage-earning households brings in $118,438 annually and could have $39,337 charged annually to this card.

One of the biggest expenses for families is groceries. An average family spends $7,243 on groceries each year. If all grocery purchases were made at BJ’s Wholesale Clubs, having the BJ’s card could result in $217.29 in rewards.

Those who are heavily reliant on their car will appreciate the discounted gas at BJ’s gas stations. With typical spending on gas being $3,562 for commuting and weekend trips, you can save 10 cents a gallon. At $3.11 per gallon this would amount to approximately $114 in savings.

The BJ’s One Mastercard comes with standard Mastercard benefits:

• ID theft protection. This feature monitors your account for signs that indicate fraud and sends you an alert if suspicious activity is suspected.
• Liability protection. As a Mastercard customer, you are not liable if someone makes unauthorized purchases with your card.
• Global emergency services. Get 24-hour assistance with lost and stolen card reporting and replacement cards.

Interest Rates

• Regular APR: 20.24% - 30.24% variable APR on purchases and balance transfers
• Purchase intro APR: N/A
• Balance transfer intro APR: N/A

Fees

• Annual fee: $0 (but requires BJ’s membership)
• Balance transfer fee: 3%
• Foreign purchase transaction fee: $0 foreign transaction fee

BJ’s One™ Mastercard®* vs. Bank of America® Customized Cash Rewards credit card

Many cards offer generous rewards, one of these is the Bank of America® Customized Cash Rewards credit card. Apart from receiving a $200 online cash rewards bonus after spending $1,000 in purchases in the first 90 days of account opening, holders of the card can also take advantage of its three-tiered rewards system: 3% cash back in the eligible category of your choice, 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases. Bank of America Preferred Rewards members can receive even greater value.

There is also a 0% introductory APR for 15 billing cycles for purchases and balance transfers, 19.24% - 29.24% variable APR applies thereafter. Intro rate applies for any balance transfers made in the first 60 days; balance transfer fee of 3% applies to each transfer during this period, then 4%. It’s also worth noting there is no annual fee, whereas you need to have a BJ’s membership to apply for the BJ’s card.

BJ’s One™ Mastercard®* vs. Wells Fargo Active Cash® Card

People who like to keep things as simple as possible, might be attracted by the Wells Fargo Active Cash® Card which offers a flat rate of 2% cash rewards on purchases. The rewards can be gathered on all purchases, and they can be redeemed in several ways. A cardholder can ask to redeem their rewards as a statement credit, as a deposit into a Wells Fargo savings account, checking account or toward their mortgage, and they can use it to buy gift cards or they can withdraw it from a Wells Fargo ATM.

It also comes with another perk that can also help your day go smoothly—up to $600 in cellphone protection when you pay your bill with the card, subject to a $25 deductible (terms apply). Like the BJ’s card, the Active Cash doesn’t have an annual fee but it pulls ahead with its welcome bonus: $200 cash rewards bonus after spending $500 in purchases in the first 3 months.

BJ’s One™ Mastercard®* vs. Costco Anywhere Visa® Card by Citi*

Costo is another warehouse store that has its own credit card, the Costco Anywhere Visa® Card by Citi*. To apply for it you also need to be a member and fees begin at $60. It also has a tiered offering structure giving 4% cash back on eligible gas and EV charging purchases for the first $7,000 spent annually, 1% thereafter, 3% cash back on restaurants and eligible travel purchases, 2% cash back on purchases from Costco and Costco.com and 1% cash back on all other purchases. A Costco membership is required to apply.

It also doesn’t have any foreign transaction fees and if you’re a concert goer you might be excited to know that a perk includes Citi Entertainment that gives you access to presale tickets. While the gas savings are higher, the in-store purchase cash-back rates are lower.

You receive your cash back as an Annual Reward Certificate, which you will receive as a check or electronic transfer. This means that you receive all of your rewards at once, rather than in increments like the BJ’s One Mastercard.

Forbes Advisor considers a variety of criteria when assigning credit cards a rating. Cards are graded based on numerous factors, including:

• Annual fees
• Welcome bonus offers
• Ongoing earning rates
• Value of individual points or miles
• Included travel or merchant credits
• Additional cardholder benefits

Card features we expect cardholders to use the most often are weighted more heavily in our ratings. Altogether, the factors come together to provide a star rating for each individual card.

To learn more about our rating and review methodology and editorial process, check out our guide on how Forbes Advisor rates credit cards.