BJ's Perks Plus Credit Card

Annual Fee: No Annual Fee

BJ's Membership Fee: $50

Easy Renewal Discount: $10

Rewards:

3% back on most in-Club and BJs.com purchases
$0.10 off every gallon of gas purchased at BJ's
2% back on dining out and gas purchases outside of BJ's
1% back on all other spending

Network: World Mastercard

BJ's Perks Elite Credit Card

Annual Fee: No Annual Fee

J's Membership Fee: $100

Easy Renewal Discount: $25

Rewards:

5% back on most in-Club and BJs.com purchases
$0.10 off every gallon of gas purchased at BJ's
2% back on dining out and gas purchases outside of BJ's
1% back on all other spending

Network: World Mastercard

My BJ’s Perks Credit Card: Benefits & Features

The BJ’s credit card's primary function is earning cash back rewards. Depending on which of the two options you go with – Plus or Elite – you will earn either 3% or 5% back on most in-Club and BJs.com purchases. You also get $0.10 off every gallon of gas you buy at the wholesale club. Given the current price of gas, that comes out to a rewards rate of 4.2%. Gas purchases outside of BJ's and restaurant spending net cardholders 2%. All other non-gas purchases provide a return of 1%.

All the rewards you earn accumulate into your account. You can withdraw them in $20 increments, to be used for merchandise at the store. As we mentioned above, you cannot redeem the rewards for actual cash back. Once you receive your reward voucher, it will expire within six months. It’s a good idea to only take them out once you have a clear use in-mind. Don't hold on to your points for long. They will expire if not used for 36 months.

The cards themselves have no annual fee. However, you must be a BJ's member to apply. The Perks Plus credit card is available with the $50 membership, while the Perks Elite requires $100.

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.

BJ’s Perks Plus vs Perks Elite Credit Cards

Generally, if you spend at least $1,750 per year at BJ’s, you’re better off with the Perks Elite card. The math works as follows:

The cost difference between the two credit cards is $35, once you factor in the Easy Renewal discounts. The next step is to determine if getting 66% more rewards makes the higher cost worth it. At what point does earning 5% versus 3% cover the $35 cost? To calculate that, divide $35 / 2%. This comes out to an annual spending of $1,750.