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
Rewards Plan
Sign up Bonus
Our Rating
PROS
- In-Store Financing
- No Annual Fee
CONS
- Limited Use
- There are Better Cashback Cards
APR
17.99% - 28.99% (Variable)
Annual Fee
$0
0% Intro
N/A
Credit Requirements
Good - Excellent
The Capital One Walmart Rewards Mastercard is a credit card tailored for fans of online shopping and Walmart stores. With no annual fee, it offers a 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.
Other benefits include multiple ways to redeem rewards, and a great rewards rate for Walmart.com purchases and in-store transactions. 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
However, it has limitations, such as the requirement to use Walmart Pay for the welcome offer, the absence of extra perks, and a lower ongoing rewards rate for in-store purchases. Also, the card's usability may pose challenges, as the highest cash back rate applies only to online purchases at Walmart.com.
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..
Pros & Cons
Now, let's explore the pros and cons of the Capital One Walmart Rewards card to determine if it's a good fit for your wallet.
Pros | Cons |
|---|---|
High Rewards for Walmart.com Purchases
| Better Cashback Cards |
Cash on Every Statement | Walmart-Specific Focus |
No Annual Fee | Complex Welcome Offer Requirements |
Sign Up Bonus | Limited Additional Perks |
Redemption Options |
- High Rewards for Walmart.com Purchases
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.
- 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.
- 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.
- 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
- Redemption Options
The card offers flexibility in redeeming rewards, allowing cardholders to choose from various options such as statement credits, online checkout at Walmart.com, or even gift cards.
- 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.
- Walmart-Specific Focus
The card's design for Walmart shoppers may limit its appeal, making it less attractive for those who prefer to shop at a variety of stores.
- Complex Welcome Offer Requirements
The requirement to use Walmart Pay for the welcome offer and the need to shop in-store at Walmart might be seen as inconvenient and complex for some users.
- Limited Additional Perks
Compared to other rewards cards, this card lacks additional perks, potentially making it less appealing for individuals seeking extra benefits beyond cash back.
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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.
| |
|---|---|
Spend Per Category | Capital One Walmart Rewards |
$12,000 – U.S Supermarkets | $420
|
$5,000 – Restaurants | $100
|
$4,000 – Hotels | $80
|
$4,000 – Airline
| $80
|
$5,000 – Gas | $100
|
Estimated Annual Value | $780 |
* 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.
Top Offers
Top Offers
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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.
How It Compared To Other Store Credit Cards?
The Capital One Walmart Rewards Mastercard holds its ground among other store credit cards, but its appeal is largely contingent on one's shopping preferences.
When compared to cards like the Prime Visa and the Target RedCard, the cash back benefits are quite similar. They all offer 5% cash back on their own brands and lower cahs back on selected categories.
The Costco card, while offering competitive rewards on gas, dining, and travel, might not cater as effectively to online shoppers and those seeking diverse cash back opportunities as it offers 4% cash back on on eligible gas and EV charging purchases for the first $7,000 per year and then 1% thereafter, 3% cash back on restaurants and most travel purchases, 2% cash back at Costco and Costco.com, 1% cash back on all other purchases.
On the other hand, the Macy's Amex Credit Card provides a closer comparison in terms of a department store card. While the Macy's card lacks the high cash back rates of the Walmart card, it does offer various discounts, exclusive events, and the potential for higher tier benefits with increased spending.
Ultimately, the choice between these store credit cards depends on individual spending habits and brand loyalty. The Capital One Walmart Rewards Mastercard shines for avid Walmart customers who predominantly shop online.
However, for those with diverse shopping preferences, the allure of broader benefits and flexibility offered by cards like Amazon Prime Rewards, Target RedCard, or Macy's Amex Credit Card may overshadow the Walmart card's specialized focus.
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:
|  |
| |
|---|---|---|---|
Costco Anywhere Visa® Card by Citi | Best Buy Visa Card | Sam's Club® Mastercard® | |
Annual Fee | $0 ($60 Costco membership fee required)
| $0
| $0 ($50/$110 for Club/Plus membership – MUST)
|
Rewards |
1-4%
4% cash back on on eligible gas and EV charging purchases for the first $7,000 per year and then 1% thereafter, 3% cash back on restaurants and most travel purchases, 2% cash back at Costco and Costco.com, 1% cash back on all other purchases
|
1-5%
5% back in rewards on shopping at BestBuy, 3% back in rewards on gas purchases, 2% back in rewards on dining, takeout and grocery purchases, 1% back in rewards on everyday purchases
|
1-5%
5% cash back on gas anywhere Mastercard is accepted (on the first $6,000 per year, then 1% after), 3% cash back on Sam’s Club purchases for Plus members, 3% on dining and takeout and 1% on all other purchases
|
Welcome bonus |
None
None
|
None
10% back in rewards on your first day of purchase
|
None
$30 statement credit after making $30 in Sam’s Club purchases within the first 30 days
|
Foreign Transaction Fee | $0
| N/A
| N/A
|
Purchase APR | 20.49% (Variable)
| 15.99% – 31.49% variable
| 20.40% or 28.40% Variable
|
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.
Compare Capital One Walmart Rewards Card
Both can be a perfect choice if you're looking for a store card. What are the main things you should know before applying, and how much can you save? Here's our analysis.
Costco Anywhere Visa vs Capital One Walmart Rewards Card: Which Card Is Best?
Both Sam's Club and Walmart cards cater to the retail giant's customer base, offering perks for frequent shoppers. Here's our comparison
Sam’s Club Mastercard vs Walmart Rewards Mastercard: How They Compare?
Both the Prime Visa and the Capital One Walmart card offer similar cashback rewards ratios. Here's why Walmart is our winner:
Prime Visa vs: Capital One Walmart Rewards: How They Compare?
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