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Tuesday 17 June 2014

Bob Jain & Security Measures By Sam's Club

By Katie Onson


It's clear that, when utilized properly, store credit cards can be some of the most useful items available. They can be implemented for the sake of earning money back on purchases made over the course of time. There might be even be certain options that are easy on interest rates. Whatever the case may be, it's clear that there are many store credit cards to consider and Bob Jain would agree. After looking over a recent article, the option that Sam's Club will offer may prove to be one of the best from a security standpoint.

Fox Business reported on the new credit card option offered by Sam's Club, a retailer along the lines of Costco. Essentially, the option in question would entail chip-enabled security that would put more of a focus on safety amongst shoppers. Given the fact that Sam's Club has seen an increase in terms of counterfeit and fraud, an option like this seems like the best move to make. It is also a move that should have the attention of various names in finance, Bob Jain included.

As the report stated, this program is set to launch during June 23. However, one of the reasons why I wanted to focus on this story was because of the aforementioned security chip, which is something that other store credit cards do not seem to boast about. Keep in mind that many people choose particular credit card options because of the fact that they are better protected. With Sam's Club instituting this sort of option, who is to say that other retailers won't be able to follow suit?

Jain, as well as other financial authorities, will be able to tell you about the various credit card options available across several big box stores. There are many popular options that can be considered, amongst them being the REDcard offered by Target. However, it's fair to assume that consumers have been on the fence about purchasing these particular options because of the fact that they run the risk of bringing higher interest rates. Sam's Club may be the option to turn to, as Bob Jain can observe.

Is it possible that this particular credit card option will be able to attain popularity in the long term? It's important to note that Sam's Club has a tremendous audience. Buying anything, food in particular, wholesale is common amongst people and the idea of saving money through a credit card tied to the store itself is hard to deny. If Sam's Club is able to make this an option that will have long-standing results, I have no doubt that more people will shop with greater security in place.




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