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November 10th, 2006

Sam’s Club to Accept MasterCard but Not Visa

By Justin McHenry

Sam’s Club, the warehouse club arm of Wal-Mart, announced yesterday that it is now accepting MasterCard credit cards for purchases at its 589 stores. Previously Sam’s Club had accepted only Discover Card and its store brand credit cards, as well as debit cards. Visa will continue to be shut out of Sam’s Club.

The move is a blow to Visa, but may be an even bigger blow to Discover, which up to this point was customers’ only choice if they wanted to use a general-market credit card at Sam’s Club. This no doubt attracted many customers to Discover who may not have applied for one of their cards otherwise.

A Sam’s Club executive said that the move was in response to customers’ desires for more purchase options at its stores.

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* variable rate = credit card interest rate changes in line with federal interest rates or other rate index; fixed rate = credit card rate stays the same regardless of changes in federal rates, but still may be changed by credit card issuer in the future.

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