Rewards Plan
Sign up Bonus
Credit Rating
0% Intro
Annual Fee
APR
- In-Store Financing
- No Annual Fee
- Limited Use
- There are Better Cashback Cards
On Walmart’s Website
Rewards Plan
Sign up Bonus
0% Intro
PROS
- In-Store Financing
- No Annual Fee
CONS
- Limited Use
- There are Better Cashback Cards
APR
17.99% - 28.99% (Variable)
Annual Fee
None
Balance Transfer Fee
3%
Credit Requirements
Good - Excellent
Capital One Walmart Credit Card is one of the credit cards on the market that is a store card that allows borrowers who do not have perfect credit to apply and be approved.
The Walmart Credit Card earns 5% cash back at Walmart.com (including pickup and delivery), 2% cash back in Walmart stores and gas stations, at restaurants and on travel plus 1% cash back everywhere else Mastercard is accepted. Also, as a new cardholders you can earn 5% cash back for the first 12 months when you use your card with Walmart Pay for in-store purchases, upon approval
The card has no annual fee and the fact that average credit is also accepted, it can be good for those who want to build or rebuild their credit.
Lastly, the Walmart Rewards card gives cardholders in-store financing on occasion. These in-store financing offers are great for those who need to make large purchases and pay them off over time. While the card is limited in its scope, it does reward those who spend at Walmart.com and are loyal to the Walmart brand.
- Cash Back Rewards
- Sign Up Bonus
- Fraud Protection
- No Annual Fee
- Cash on Every Statement
- Free FICO Score
- Better Cashback Cards
- No free shipping perks
- Limited Use
- Foreign Transaction Fee
How long does card approval take?
The Capital One Walmart Rewards approval process should be a little simpler. You can get pre approved in a matter of minutes. Once you have pre approval, the full application should not take very long and you should have an official decision within one week.
How much should I spend to cover the card fees?
The Walmart card doesn't charge an annual fee, so you don’t need to worry about spending a certain amount to cover the costs.
How’s the card customer service availability?
Capital One has phone lines that are open 24/7, so you can access support at any time.
In This Review..
Benefits
Let’s take a look at the benefits of the Walmart card and see if it’s the right one for your wallet or not.
- Cash Back Rewards
The Capital one Walmart Credit Card earns cash back at Walmart.com and Walmart app. This includes orders made online and products picked up at local stores. Also, the card earns cash back on Walmart stores,restaurants & travel and gas. This must be at Walmart or Murphy USA gas stations.
The Walmart Credit Card also earns on all spending at everywhere else where Mastercards accepted.
- Sign Up Bonus
The Capital one Walmart Credit Card offers 5% cash back for the first 12 months when you use your card with Walmart Pay for in-store purchases, upon approval
- Fraud Protection
Walmart Credit Card has $0 fraud liability protection on unauthorized transactions.
- No Annual Fee
You do not have to meet a spending threshold in order to offset any annual fee. You can start putting cash back in your pocket immediately.
- Cash on Every Statement
The Walmart Credit Card applies the reward amount you earned in the last billing cycle to your current balance.
You don’t have to worry about building up rewards or when to use them. They are used automatically.
- Free FICO Score
The Walmart Credit Card allows cardholders to view their credit score after signing up for online statements.
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Drawbacks
Here are the most important cons you should consider before apply:
- Better Cashback Cards
There are other cashback cards in the market that offer higher cashback rewards and don’t have the restrictions of being used only at a store.
Some cards have rotating categories, but with a little planning and depending on your spending habits, you can earn more cash back on your purchases that way.
- No free shipping perks
While Walmart does offer free shipping on its website, there is minimum spend. So, there is a gap in this card’s benefits that it doesn’t offer free shipping on any order.
- Limited Use
The Walmart Credit Card can only be used at Walmart and Murphy USA gas stations. This limits the amount of rewards that can be earned with this card.
- Foreign Transaction Fee
Walmart Credit Card has a Unknown fee for each transaction in another country. If you are traveling outside of the US you may want to leave this card at home.
Simulation: How Much Cashback You Can Earn?
If you're a tend to shop online or find yourself at the retail store on a weekly basis, there is no doubt you can leverage your Walmart card to get a bunch rewards, in addition to another benefits it offers. But how much exactly can you earn?
In order to understand that, we need to calculate the miles based on the card terms and spend per each category. However, everyone has its own habits, so it's important to adjust the according to your specific category breakdown.
* Assuming all supermarkets/gas purchases made via Walmart
** Assuming 50% of supermarkets purchases are online
How to Redeem Your Rewards?
The Capital One Walmart Rewards card, on the other hand, has more standard redemption options. There are no minimum redemption amounts, and you can redeem in a variety of ways.
You can use your rewards to get statement credit or “erase” some of your purchases, buy a gift card, book travel, or get a check. However, as long as your account is open and in good standing, your rewards will never expire.
Best Ways to Maximize Walmart Rewards
The Walmart card is one of the best Capital One offers, so here are some pointers to help you make the most of your Capital One Walmart Rewards:
- Look beyond the Walmart grocery aisle: You'll earn 5% on all Walmart.com purchases, so think outside the box. Walmart sells household items, tools, electronics, and other items, so make sure you get the most out of all of your purchases.
- Link your card to Walmart Pay: When you pay with your card and Walmart Pay for the first year, you'll earn 5%, so make sure you link your card as soon as possible. This means you can reap the most benefits even if you only come in for one or two items after work.
How To Apply For Capital One Walmart Credit Card?
- 1.
Visit the Walmart Credit Card homepage and click “Apply Now.”
- 2.
This takes you to the next page, where you can fill in your “Personal Information” such as your Names, date of birth, etc.
- 3.
Next is your contact and financial information, and then go through the additional acknowledgments.
- 4.
Lastly, ensure you read through the important disclosure page to know your eligibility, fees, costs, rates, etc.
- 5.
Then click on “Continue” to complete the process.
Is the Walmart Credit Card Right for You?
The Walmart credit card is best for those who are loyal to Walmart and do quite a bit of their spending online at Walmart.com. The real benefit to this card is the online spending rewards and the potential in-store financing.
Many of the rewards offered by this card can be matched or exceeded without the restrictions of shopping at one store. This card is good for customers who may not have the best credit. It is easier to get if you have poor credit than other credit cards in the general market.
This Capital One Walmart Rewards could be great for those looking to rebuild their credit and who are frequent Walmart shoppers. If you have good credit, there are a plethora of other cashback cards in the market that offer better rewards, sign-up bonuses, and perks than the Walmart credit card.
Compare The Alternatives
If you're looking for a store credit card with great rewards for online shopping – there are some good alternatives you may want to consider:
FAQ
You can qualify for the Capital One Walmart Rewards card with average to excellent credit, so this could be a little easier.
However, the card issuers may require you to verify your income, so it could be a good idea to have a couple of payslips on hand to support your application.
Capital One does allow you to check if you qualify for the Walmart Rewards card without impacting your credit.
The initial credit limit for the Capital One Walmart Rewards card is $150, but it is more common to be offered a higher credit limit, depending on your credit.
The top reason not to get the Capital One Walmart Rewards is if you prefer to shop in store. The card prioritizes Walmart.com purchases.
If this doesn’t apply to you, you may find other reward cards offering a high percentage on groceries will be better suited to your spending habits.
