Reviews

Capital One® Walmart Rewards ™ Card – Review

The Capital One® Walmart Rewards ™ card, also known as the Capital One Walmart Rewards Mastercard, is a cash-back credit card with no annual fee.

It’s designed for regular Walmart shoppers , especially those who frequent Walmart.com . It is also backed by one of the most popular credit card issuers (Capital One).

Purchases on Walmart.com and the Walmart app, including groceries and sales marked for pickup at the store, earn unlimited 5% cash back.

You earn an unlimited 2% cash back on purchases made within Walmart stores, at eligible restaurants and travel agencies, and at Walmart and Murphy USA gas stations, making you a solid competitor to one of the best credit cards for gasoline .

All other purchases, including purchases at Sam’s Club and SamsClub.com locations, earn unlimited 1% cash back.

Beyond the rewards program, the benefits of this card are nothing to write home about and the interest rates are high. But the subscription requirements are relatively flexible, making this an ideal first credit card for Walmart enthusiasts looking to build their credit or improve their credit .

Without an annual fee and a rewards program that is quite generous for Walmart and Murphy USA shoppers, the Walmart Rewards Card is worth having in your wallet.

Here’s how to get the most out of this card.

Key features

These are the most important features and benefits of this popular retail credit card.

Bonus when registering

Get an additional 3% cash back (bonus cash) when you use Walmart Pay for purchases made at Walmart stores during the first 12 months of account opening. That means a full 5% cash back on Walmart in-store purchases for the first 12 months.

Earn and redeem cash back rewards

The Walmart Rewards Card has a three-tier cash back program:

  • Online purchases made at Walmart.com and through the Walmart app get an unlimited 5% cash back (rewards rate). That includes grocery pickup purchases and other items marked for pickup at any Walmart store. This rate also applies to home purchases.
  • Purchases made in certain bonus categories get a 2% cash back. That includes purchases at Walmart and Murphy USA gas stations, within Walmart stores, and with eligible travel merchants and restaurants that are included in this tier.
  • All other purchases , including those made at Sam’s Club locations, earn unlimited 1% cash back.

You will automatically receive a cash refund at the end of the billing cycle. The cash back does not expire as long as your account is open and in good standing.

Get the most of your cash back by exchanging it for statement credits against eligible purchases made during the previous 90-day period.

Possibility of a promotional period without interest

The Walmart Rewards Card does not advertise a regular introductory no-interest, low APR or balance transfer promotion . However, its terms mention special promotional periods that can eliminate interest charges for up to 24 months in a row.

The interest-free period may apply to specific purchases or any purchase made while the promotion is active, subject to the terms of the promotion and Walmart’s discretion. It doesn’t necessarily apply just when signing up, making it more versatile than standard introductory interest-free promotions.

Important fees

This card has no annual fee or foreign transaction fee.

Credit required

This card requires an average or better credit score .

Serious defects in your credit history, such as recent personal bankruptcies, are likely to disqualify your application; minor problems may not be. This makes the Capital One Walmart Rewards Card an ideal credit card for consumers in the process of repairing their credit. It is also appropriate for people with good or better credit.

Advantage

These are the most important benefits of Capital One Walmart Rewards Mastercard.

  1. No annual fee . The Walmart rewards card does not charge an annual fee. This is great news for buyers who want to keep this card in their wallets without paying for the privilege.
  2. 5% cash back on Walmart.com . To the buyers frequent Walmart.com will love the unlimited reimbursement of 5% cash this card on the website of the retail giant. The same rate applies to grocery purchases and purchases marked for store pickup, making it perfect for bulky or heavy items that are expensive or impractical to ship.
  3. Potential for a long introductory APR period . While it doesn’t have a regular low APR or interest-free introductory promotion, this card has recurring promotions that remove interest across the board or on specific purchases for up to 24 months at a time. That’s great news for cardholders planning expensive purchases that they can’t pay for right away.
  4. Flexible subscription requirements . This card is available to applicants with average or better credit. Although your approval is never guaranteed, you have a better chance of getting through the application process with this card than with the more popular cash back cards that require excellent credit.
  5. Cashback bonus on restaurant and travel purchases . This card earns 2% cash back on restaurant and travel purchases, making it a solid companion for diners and travelers without more generous travel rewards credit cards in their wallets.
  6. APR without penalty . The Walmart Rewards Card does not charge penalty interest for late payments. If you occasionally miss the due date on your statement due to irregular cash flow or unexpected expenses, you don’t have to worry about being stuck in a sky-high rate indefinitely.

Disadvantages

Consider these drawbacks before applying for a Capital One Walmart Rewards Mastercard.

  1. Only 90 days to redeem cash refunds for account credits . When redeeming cash refunds for account credits, you can only offset purchases that go back 90 days. If you haven’t used your card any longer, you’ll need to make a purchase just to redeem your cash back.
  2. No cash bonus for purchases made at Sam’s Club stores . This card earns just 1% cash back on purchases made at physical Sam’s Club stores. If you prefer to shop in person at the second most popular deposit store in the country , you will get no more from this card than any other standard issue cash back credit card, and possibly less. Several higher earning cards, such as the Capital One Quicksilver Cash Rewards credit card, offer an unlimited 1.5% cash back on all eligible purchases.

Final word

The Capital One® Walmart Rewards ™ card is a great entry-level cash-back credit card for regular Walmart shoppers and drivers who come across Walmart and Murphy USA stations on their daily commutes.

Despite its relatively flexible underwriting standards, the Walmart rewards card isn’t for everyone. If you don’t qualify for this card, look instead for the Walmart credit card, a store credit card with a similar rewards scheme.

The Walmart credit card is not endorsed by Mastercard or any other credit card payment network , so you cannot use it at merchants other than Walmart, but it is a great reward-generating vehicle for people searching generate credit.

And considering you can buy pretty much anything at Walmart or Walmart.com , it’s versatile enough.

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