Walmart is a popular store for people who want good value without spending a lot of money. Its everyday low prices help consumers stretch their budget when buying groceries, household items, gas, and more.
The provides even more opportunities to maximize your spending with of up to 5% on your purchase without paying an annual fee. Learn more about the Walmart Mastercard, including how to earn and redeem rewards, who it’s best for, and alternative credit cards to consider.
Annual fee: $0
Welcome offer: Earn 5% cash back in Walmart stores for the first 12 months when paying with your card using Walmart Pay
Rewards:
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5% cash back at Walmart.com
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2% cash back in Walmart stores and fuel stations, at restaurants, and on travel purchases
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1% on everything else
APR
The charges a variable APR on purchases and quick cash transactions of 19.48% or 29.99%, depending on your creditworthiness. When you pay off your balance in full each month, you’ll have a grace period of at least 25 days from your statement closing date before interest begins accruing.
also carry an interest rate of 19.48% or 29.99% variable APR. If you request a balance transfer, the fees are waived when the standard balance transfer APR applies. Occasionally, this card may be eligible for a promotional APR on balance transfers. When a transfer is eligible for a promo APR, there is a balance transfer fee of 3% of the transaction amount.
Cardholders can access the Walmart credit card for . These transactions have a variable APR of 29.99%, and interest charges start accruing immediately. Additionally, there is a cash advance fee of 3% of the transaction amount (minimum $3).
Annual fee
The Capital One Walmart Rewards Mastercard comes with a $0 . Without that cost, the Walmart credit card is a card you can keep year after year to build a credit history, even if you don’t use it regularly.
Welcome offer
This credit card does not have a traditional . Instead, you’ll receive 5% cash-back rewards on in-store Walmart purchases during the first 12 months after opening your account.
Intro offer
This card doesn’t include an intro APR offer on purchases or balance transfers.
Rewards rate
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5% cash back at Walmart.com, including pickup and delivery
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2% cash back in Walmart stores and fuel stations
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2% cash back at restaurants
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2% cash back on travel
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1% cash back on all other purchases
How to earn rewards
Walmart purchases
Whether you’re shopping online or in-store, you’ll earn bonus cash back on Walmart purchases. To earn the highest cash-back rate of 5%, you must order online at Walmart.com. You can have your purchases delivered or pick them up at your local store.
When shopping in person, you’ll earn 2% cash back at Walmart stores and fuel stations.
Welcome offer
For the first 12 months after opening your account, your cash-back rewards on in-store purchases are increased to 5%. To earn this bonus cash back, link your card to the Walmart Pay app and use the app to pay at checkout.
While this limited-time offer isn’t a traditional bonus offer, the amount of bonus cash back you’ll earn depends on how much you spend at Walmart stores. There is no cap on earnings, and you don’t have to register ahead of time.
Bonus categories
In addition to earning bonus cash back on Walmart purchases, you’ll also earn 2% cash back at restaurants and on . These bonus categories allow you to earn extra cash back when dining out or booking flights, hotels, rental cars, and other travel reservations.
Everyday purchases
You’ll earn an unlimited 1% cash back on all other purchases. This allows you to continue earning rewards on your spending that doesn’t qualify for bonus cash back.
How to redeem rewards
The cash-back rewards earned with the can be redeemed in multiple ways. Rewards don’t expire for as long as the card remains open and in good standing.
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Redeem for cash. Get a check mailed to your home or receive a statement credit to reduce your balance. Keep in mind that statement credits don’t cover your monthly minimum payment.
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Use at checkout. When shopping at Walmart.com, you can redeem cash-back rewards to cover some or all of your purchases.
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Buy gift cards. Redeem rewards for gift cards to Walmart and other popular retailers.
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Book travel. Book flights, hotels, and more through the Capital One travel portal and use your cash back to pay for some or all of your trip.
Additional benefits
This card doesn’t include additional perks and benefits that many competing offer. Benefits like purchase protection or extended warranty coverage that cover your purchases against unexpected problems are missing from the Walmart Rewards Mastercard.
Who is the Capital One Walmart Rewards Mastercard best for?
The is an ideal credit card for people who frequently shop at Walmart. It allows them to earn cash-back rewards on online or in-store purchases without spending caps or quarterly promotions. Cardholders can maximize cash back rewards by shopping online to pick up purchases at the store or have them delivered.
Capital One Walmart Rewards Mastercard pros
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Earns up to 5% cash back without spending caps
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No annual fee
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Intro offer earns elevated cash back on in-store purchases
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Card is instantly available to make purchases within the Walmart app
Capital One Walmart Rewards Mastercard potential cons
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In-store purchases at Walmart don’t qualify for the highest rewards
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Doesn’t include a traditional welcome bonus
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Lack valuable perks, like purchase protection or extended warranty coverage
Where can you use Capital One Walmart Rewards Mastercard?
Customers can use the anywhere Mastercard is accepted. Mastercard is one of the most widely accepted credit cards globally, so it’s an excellent choice to make purchases in the U.S. or abroad. Like other Capital One credit cards, the Walmart Rewards Mastercard does not charge foreign transaction fees, so you won’t be charged hidden fees when making purchases outside the U.S.
With its Walmart branding, this card is best suited for Walmart purchases online and in-store. Additionally, you’ll earn bonus cash back when buying fuel at Walmart, at restaurants, and on travel.
How to make a Capital One Walmart Rewards Mastercard payment
Capital One Walmart Rewards Mastercard customer service info
Alternative cards to consider
The is an excellent choice for people who shop at Walmart for groceries, household items, or gas. But if you want to earn bonus rewards in these categories outside of Walmart, here are some other options.
Why we like it: The is an excellent choice for people with large grocery budgets. This card earns 4x points on the first $25,000 you spend on groceries at U.S. supermarkets each year. It also earns 4x at restaurants worldwide, 4x on takeout and delivery within the U.S., and 3x on flights booked directly with airlines or through Amex Travel.
Although it has a $250 annual fee, the card includes a $120 dining credit and $120 Uber Cash each year. Points can be used to get cash back, book travel, buy gift cards, and more. However, their highest value tends to come when transferring to airline and hotel partners. (See .)
Why we like it: The is the ideal card for people who want to earn rewards on groceries at any supermarket without paying an annual fee. It earns an unlimited 3% cash back on groceries, dining, entertainment, and streaming services without spending caps. You can also earn 5% cash back when booking travel through Capital One Travel.
If you need extra time to pay off your purchases or existing debt, the card includes a 0% intro APR offer on purchases and balance transfers for 15 months. For a limited time, it also includes 10% cash back on Uber purchases and a complimentary Uber One membership through November 14, 2024.
Why we like it: People who use their credit card frequently will love the . Not only will you earn 3x points on U.S. supermarket purchases (up to $6,000 per year), 2x at U.S. gas stations, and 1x on everything else, but you’ll also get a 50% bonus each month you use the card at least 30 times.
New cardholders can take advantage of the card’s 0% intro APR offer on purchases and balance transfers for 12 months from the date of account opening, then a variable APR of 18.24% to 29.24%. (See .)
While this card has a $95 annual fee, and it earns flexible points that can be redeemed for cash back, travel, gift cards, online shopping, and more. They also transfer to Amex’s airline and hotel partners to book award travel.
This article was edited by Alicia Hahn
Editorial Disclosure: The information in this article has not been reviewed or approved by any advertiser. The details on financial products, including card rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information. This site doesn’t include all currently available offers.