BJ’s One Mastercard review

Credit Cards

Jamie Johnson

Sarah Brady

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BLUEPRINT

Published 5:00 a.m. ET June 6, 2023

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With the BJ's One™ Mastercard® * The information for the BJ's One™ Mastercard® has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. , you can earn 3% cash back on eligible BJ's purchases, 10 cents off per gallon at BJ's Gas and 1.5% cash back on other purchases. But most will earn better rewards with a different cash-back or store card.

The BJ's One Mastercard, which replaced the BJ's Perks Plus Mastercard, is issued in partnership with Capital One and Mastercard. The card earns notable cash-back rewards at BJs and offers an upfront discount at the pump on BJ's Gas, earning 3% cash back on eligible BJ's purchases, 10 cents off per gallon at BJ's Gas and 1.5% cash back on other purchases.

This card doesn't have coveted features like a welcome bonus or 0% introductory APR, but for those who regularly fill up their carts and cars at BJs, it can score some significant savings. If you rarely shop or get gas at BJs, a more general purpose cash-back card will be a better fit, or consider a card that offers high rewards on groceries and gas. We have some suggestions below.

The BJ's One Mastercard comes with 3% cash back on eligible BJ's purchases, 10 cents off per gallon at BJ's Gas and 1.5% cash back on other purchases.

Once you’ve accrued at least $10 in rewards, you can redeem them at checkout, either in the club or online. But the purchase amount has to be greater than or equal to the reward amount you’re redeeming.

Using government data and other publicly available information, we estimate that a U.S. household in the U.S. that would be in the market for this card has an annual income of $84,352 and $25,087 in expenses they are likely to be able to charge to a credit card.

Here's what that household might earn with the BJ's One Mastercard:

That comes out to a grand total of $466.31 in annual rewards, not including the discounts on BJ's gas or subtracting the annual BJ's membership fee.

This card comes with a 19.74%, 25.74% or 29.74% variable APR, and there's no introductory APR offer on purchases or balance transfers. Those who qualify for the lower APR range are on a par with the average credit card interest rate in the U.S., but the high end of the range is above average. If you typically carry a balance, you’d be better off with a card with a lower APR, even if it doesn't earn you any rewards on your spending.

With the Bank of America credit card, you have broader opportunities to earn cash, since you earn 3% cash back in the category of your choice, 2% cash back at grocery stores and wholesale clubs (on up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and 1% cash back on other purchases. With Bank of America's Preferred Rewards program, those earning rates can be increased as much as 75% by keeping a significant chunk of cash in eligible accounts.

The Bank of America Customized Cash Rewards credit card also has some valuable features you won't get with the BJ's One Mastercard including a 0% intro APR for 18 billing cycles for purchases and balance transfers, then 17.99% to 27.99% variable APR applies. Intro rate applies for any balance transfers made in the first 60 days and a balance transfer fee of 3% applies to each transfer There's also no annual membership fee and $200 cash rewards after spending $1,000 on purchases in the first 90 days of account opening .

The Capital One Walmart Rewards Card lets you earn bigger rewards than the BJ's One Mastercard. You’ll get 5% cash back on Walmart.com & in the Walmart app, 2% cash back on restaurants and travel, and at Walmart Stores, Walmart & Murphy USA fuel stations and 1% cash back everywhere else. You can redeem your rewards for cash, purchases, gift cards or travel.

Like the BJ's One Mastercard, the Walmart Rewards card is available for applicants with good to excellent credit, but Walmart does not have an annual membership fee.

The Capital One Venture card is a better option than the BJ's card if you’re looking for travel rewards, but you’ll need excellent credit to qualify.

While the Venture card comes with a $95 annual fee, you’ll earn 5 miles per $1 on hotels and rental cars booked through Capital One Travel and 2 miles per $1 on other purchases. Plus, you can earn 75,000 miles after spending $4,000 on purchases in the first three months of account opening.

If you’re a frequent BJ's Wholesale Club shopper, it could make sense to apply for this card. Not only can you save money by shopping at a wholesale club like BJ's, but you’ll also get cash back for purchases, and you can reduce your gas expenses by filling up at BJ's Gas.

But if you rarely shop at BJ's or fill up your car with BJ's gas, you’ll be better off using a different store card or cash-back card. You can likely find better perks with another card, including a welcome bonus, low introductory APR and no annual membership fees.

Capital One recommends this card for individuals with good to excellent credit. The creditor does not specify a minimum credit score but may not qualify if you’ve filed bankruptcy in the past five years or if you’ve fallen more than 30 days behind on a debt payment in the last year.

Once you reach at least $10 in rewards, you can redeem your rewards for purchases when you checkout either in the club or online. Your qualifying purchases must be greater or equal to the amount you’re redeeming.

No, your rewards will never expire with the BJ's One Mastercard.

Blueprint is an independent publisher and comparison service, not an investment advisor. The information provided is for educational purposes only and we encourage you to seek personalized advice from qualified professionals regarding specific financial decisions. Past performance is not indicative of future results.

Blueprint has an advertiser disclosure policy. The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. Blueprint adheres to strict editorial integrity standards. The information is accurate as of the publish date, but always check the provider's website for the most current information.

Jamie Johnson

Blueprint

Jamie Johnson is a freelance writer who covers banking, credit cards, and other personal finance topics. Her work has been featured by Insider, Bankrate, Fox Business, the U.S. Chamber of Commerce, and many others.

Sarah Brady

Blueprint

Sarah Brady is a personal finance writer and educator who's been helping individuals and entrepreneurs improve their financial wellness since 2013. Sarah's other publications include Investopedia, Experian, the National Foundation for Credit Counseling (NFCC), Credit Karma and LendingTree and her work has been syndicated by Yahoo! News and MSN. She is also a former HUD-Certified Housing Counselor and NFCC-Certified Credit Counselor.

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