The Walmart Credit Card offers cashback rewards and exclusive perks for frequent Walmart shoppers.
With no annual fee and flexible redemption options, it helps you save on everyday purchases.
Discover how this card can enhance your shopping experience with valuable benefits.
Types of Walmart Credit Cards
Walmart provides two types of credit cards, each catering to different needs:
Walmart Rewards Card
- Limited Usage: It can only be used for purchases at Walmart stores, Walmart.com, and Walmart fuel stations.
- Cashback Rewards: Cardholders earn cashback rewards that can only be redeemed for Walmart purchases.
- Restricted Transactions: There are no foreign transaction fees, but the card cannot be used outside Walmart locations.
Walmart Capital One Credit Card
- Worldwide Acceptance: It functions as a regular Mastercard and can be used at any location where Mastercard is accepted.
- Cashback on All Purchases: Cardholders earn cashback on every purchase, including those made outside Walmart.
- Additional Mastercard Benefits: The card provides extra perks like travel insurance, extended warranties, and purchase protection.
Key Benefits
The Walmart Credit Card provides several advantages, particularly for those who shop frequently at Walmart.
Cashback Program
- 5% cashback on Walmart.com purchases, including grocery pickup and delivery
- 2% cashback at Walmart stores, fuel stations, and restaurants
- 1% cashback on purchases made anywhere else (for the Capital One version)
No Annual Fee
- Unlike some store credit cards, Walmart’s credit card does not have any yearly maintenance costs.
- Cardholders can maximize their rewards without worrying about additional charges.
Financing and Special Offers
- The card provides promotional financing options for large purchases.
- Cardholders receive exclusive discounts and special offers throughout the year.
Security and Convenience
- The card includes fraud monitoring to detect suspicious activity and prevent unauthorized transactions.
- Cardholders can instantly lock or unlock their card through the mobile app for added security.
- The card is compatible with Apple Pay, Google Pay, and Samsung Pay for seamless mobile payments.
- Users receive real-time alerts for any unusual activity to ensure account safety.
Interest Rates and Fees
Understanding the fees and interest rates of the card is essential for responsible card usage.
Purchase APR
- Depending on credit score, variable interest rates range from 17.99% to 26.99%.
- Higher than some general-purpose credit cards, paying balances in full is essential.
Late Payment Fees
- Up to $40 for missed payments.
- Can impact credit score if payments are not made on time.
Foreign Transaction Fees
- Walmart Rewards Card is not valid for international purchases.
- Walmart Capital One Credit Card has no foreign transaction fees, making it better for travel.
Cash Advance Fees
- Charges up to 3% per cash withdrawal.
- Higher interest rates apply to cash advances compared to regular purchases.
How to Apply
Applying for the Walmart Credit Card is straightforward and can be done online or in-store.
Eligibility Requirements
- Age Requirement: Applicants must be at least 18 (or 19 in some states).
- Credit Score: A fair to good credit score is recommended for better approval chances.
- Residency Status: Applicants must be legal residents of the country where the card is issued.
- Income Verification: A stable source of income may be required to demonstrate the ability to repay.
- Valid Identification: A government-issued ID such as a driver’s license or passport must be provided.
- Social Security Number: A valid Social Security Number (SSN) or Taxpayer Identification Number (TIN) is needed for credit verification.
- Credit History Check: A credit report review will be conducted to assess financial responsibility and debt levels.
Application Process
- Online or In-Store Application: Applicants can apply online through Walmart’s official website or at checkout in a Walmart store.
- Credit Check: A credit check assesses creditworthiness and determines the approval decision.
- Instant Approval Possibility: Some applicants may receive instant approval, while others may require further review.
- Submission of Personal Information: Applicants must provide their full name, address, date of birth, and Social Security Number (SSN).
- Income Details Required: A stable income source must be declared to ensure the ability to repay.
- Acceptance of Terms and Conditions: Applicants must review and agree to the card’s terms, including fees and interest rates.
- Receiving the Card: If approved, the card arrives in 7–10 days, with a temporary card possibly available for immediate use.
Rewards Redemption
Cashback earned with this card can be redeemed in multiple ways.
Ways to Redeem
- Direct application of cashback at checkout for Walmart purchases.
- Statement credits to reduce the outstanding balance.
- Gift cards from Walmart and select retail partners.
Expiration Policy
- Cashback rewards do not expire as long as the account remains active.
Redemption Flexibility
- No minimum amount is required to redeem rewards.
- Instant application for purchases at Walmart.com and in-store.
Credit Limit and Additional Perks
The card offers competitive credit limits and valuable benefits.
Credit Limit Factors
- Determined based on the applicant’s credit score and financial history.
- Higher limits may be available over time with responsible usage.
Additional Cardholder Perks
- Fraud protection with zero liability on unauthorized charges.
- Price protection and extended warranties are available on eligible purchases.
- Mastercard benefits (for Capital One version), including travel accident insurance.
Comparison With Other Retail Credit Cards
Walmart’s credit card competes with other retail store cards.
- Amazon Prime Visa: Offers similar cashback but requires a paid Prime membership.
- Target RedCard: Provides a flat 5% discount but has no cashback for non-Target purchases.
- Costco Anywhere Visa: Offers cashback in multiple categories but is restricted to Costco members.
- Best Choice?: Walmart Credit Card is ideal for shoppers who want cashback without an annual fee.
Potential Drawbacks
Despite its benefits, the card has some limitations.
- High Interest Rates: Carrying a balance leads to significant interest charges.
- Limited Use for Walmart Rewards Card: This can only be used within Walmart’s ecosystem.
- Credit Score Impact: Applying for the card results in a hard credit inquiry, which may lower your credit score temporarily.
Best Practices for Cardholders
To maximize benefits and avoid unnecessary fees, follow these best practices:
- Pay-off Balances in Full: Avoids interest charges and helps maintain good credit.
- Use for Online Purchases: Earns the highest 5% cashback rate.
- Monitor Spending: Track purchases via the mobile app to stay within budget.
- Take Advantage of Promotions: Look for exclusive cardholder deals and special financing offers.
Walmart Credit Card Customer Service
For assistance with your Walmart Credit Card, call General Customer Service at 1-877-860-1250.
The Bottomline
The Walmart Credit Card is an excellent choice for frequent shoppers looking to earn cashback and enjoy exclusive perks.
With no annual fee and flexible rewards, it offers valuable savings on everyday purchases.
If you’re ready to take advantage of these benefits, apply today and maximize your Walmart shopping experience.
Disclaimer
The information about the Walmart Credit Card is for general informational purposes only and may be subject to change by the issuer.
Before applying, please review the official terms and conditions on Walmart’s or Capital One’s website.
