How to Get a Walmart Credit Card

ADVERTISING

If you are a frequent Walmart shopper, you may have already heard about the Capital One® Walmart Rewards Mastercard that offers you extra rewards for your everyday purchases. With this card, you will be able to save even more money when shopping at Walmart.

Couple that with the variety of products that you can find at Walmart, one of the largest retailers in the United States, and you will find the co-branded credit card very attractive.

Besides, it can be useful even for purchases that are not related to Walmart as well. Let’s take a look!

Walmart's App Offers Grocery Pickup Or Delivery—Here's How To Order
Image source: Delish

Features of the Card

The Walmart Rewards Mastercard acts like a regular credit card, meaning that you’ll be able to use it anywhere. On the other hand, the Walmart Rewards Card can only be used at Walmart stores. This is an important distinction between the two cards.

Both cards from Walmart offer you 5% cashback when used online or in the Walmart app, and 2% when used in stores. Even more, the Walmart Rewards Mastercard gives 2% cashback when you use it in restaurants and when traveling.

ADVERTISING

Both come with no annual fees, but other taxes will be applied.

In short, here’s what you’ll get,

  • 5% on purchases online and in-app on Walmart
  • 2% when buying for physical Walmart stores
  • 2% back when using the card in restaurants or when you travel
  • 1% on all the other purchases

Benefits of this Card

As everyone knows, Walmart sells a variety of products, from groceries to clothes and more. If you are used to shopping online from the popular retailer, you will receive 5% back on any purchase that you make, regardless of whether you opt for pick-up or home delivery.

Fuel Perks

You may also receive bonus points on fuel when you fill up at Walmart’s gas stations. Dining and travel bring you additional rewards, as mentioned above. That makes the Walmart Rewards Mastercard an excellent credit card for everyday use.

Easy Redemption Options

The redeeming process is straightforward and offers you several options. Here are the available options that you can choose to redeem your points.

  • Statement credit to cover credit or a purchase
  • Travel booking via the Capital One platform
  • Purchasing a gift card through the Capital One redemption center

Each point equals a cent, and the only downside is that you won’t be able to redeem points in cash. However, that shouldn’t be a problem for people who enjoy shopping at Walmart.

Additional Benefits

Since Mastercard issues this Walmart credit card, you can take advantage of the specific Mastercard offers, including the 2% back on dining and traveling. The card is accepted anywhere Mastercard is available. That’s almost everywhere in the world.

Also, the card comes with no annual or foreign transaction fees, which make it your perfect companion when traveling abroad, be it for business or pleasure.

Eligibility and How to Apply

The application process for the Walmart Rewards Mastercard® is straightforward. You can apply in-store or online, but you’ll have to meet some specific conditions to be eligible, just like in the case of any other credit card.

You must be 18+ years old and have a valid US address and SSN. Also, your credit score has to be equal to or higher than 640 to be eligible.

When you are ready to apply, you can find the application form on the website. After you create your account or log in to your existing one, you’ll have to fill in the form.

Fees and Interest

Walmart Rewards Mastercard acts like any other credit card. That makes it different from the Walmart Rewards Card. Here’s what you need to know about the fees and interest.

  • The APR is variable between 17.99% and 26.99%, depending on your credit score
  • Variable cash advance APR, up to 26.99%
  • Cash advance transaction fee is 3% of the amount of the cash advance, but not less than $10
  • The balance transfer fee is 3% of the amount of each transferred balance
  • The late fee is up to $39
  • No annual and foreign transaction fees

Contact Information

Since this card is issued by Capital One, you can contact them at 1-800-227-4825. Additionally, you can find their head office at 1680 Capital One Drive McLean, VA 22102-3491 United States.

Image source: Finances Buzz

Summary

Walmart Rewards Mastercard® is perfect for people who frequently buy from Walmart and those who make their purchases online or via the Walmart app will get higher rewards.

Also, cardholders will earn rewards on purchases made outside the Walmart chain. In conclusion, this Walmart credit card deserves your attention.

Note: There are risks involved when applying for and using credit cards. Consult the institution’s terms and conditions page for more information.

ADVERTISING