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Up to 5%
Cash back
$0
Annual fee
17.99%, 23.24% or 26.99%
Purchase APR (variable)
580
Recommended credit score
Annual fee | $0 |
---|---|
Welcome Offer | 5% on in-store purchases made with Walmart Pay for the first 12 months (then 2%) |
Rewards | 5% back at Walmart.com, 5% in-store with Walmart Pay for the first 12 months (then 2%), 2% on restaurants and travel and 1% on all other purchases |
Purchase APR | 17.99%, 23.24% or 26.99% variable |
Balance transfer APR | 17.99%, 23.24% or 26.99% variable |
Recommended minimum credit score | 580 |
Issuer | Mastercard |
Review by
Kevin Joey Chen is a credit cards, banking and investments writer whose work and analysis have appeared on CNN, U.S. News & World Report, Business.com, Lifehacker and CreditCards.com. He's passionate about helping you get your finances in order by expertly navigating cutting-edge financial tools — including credit cards, apps and budgeting software.
On September 24th, Walmart and Capital One are introducing two new credit card products to replace Walmart’s old offerings, both aimed at consumers who prefer shopping online: the Walmart Rewards™ Mastercard® and the Walmart Rewards Card.
Unlike Walmart’s last credit card offerings through Synchrony, the Walmart Rewards™ Mastercard® is a universally accepted card and is surprisingly robust. It offers a nice cashback rate on purchases made through Walmart.com, an introductory rewards rate on in-store purchases and a solid rewards rate on dining and travel. You’ll see very few store cards with the same earning potential and flexibility as the Walmart Rewards Mastercard.
The catch? You’ll need to do most of your Walmart shopping online to get the best rates. But given the card’s earning flexibility elsewhere, the card could still be useful regardless.
Once the card launches, you’ll be able to apply online through Walmart.com, CapitalOne.com or the Walmart App.
Capital One is also offering an additional and interesting method for applying: You can text a number offered by Capital One to apply immediately through your mobile phone. Once approved, you’ll gain immediate access to your Walmart Rewards™ Mastercard®.
To qualify for the Walmart Rewards™ Mastercard®, apply with a fair credit score of 580 or greater.
What credit cards are accepted at Walmart?
In addition to the Walmart Rewards Mastercard, Capital One is also releasing the Walmart Rewards card. It’s not yet clear if it’s a lower-tier version of the Walmart Rewards Mastercard, though it has an important difference: The Walmart Rewards Card can only be used for Walmart purchases.
This means this card doesn’t earn 2% back on restaurants and travel nor 1% back everywhere else. This card will, however, earn 2% back at Walmart Fuel Stations.
It’s also unclear if the Walmart Rewards Card possesses foreign transaction fees. Otherwise, the card’s annual fee, online purchase earning rates and introductory offer remain the same.
Some of Walmart’s biggest sales both in-store and online usually happen around back-to-school season and the Black Friday and Cyber Monday shopping season. Other times of year, look for everyday clearance and rollback prices on thousands of items, with an even larger selection of goods and deals online.
And don’t forget to snag a coupon or limited-time deal before you shop.
Big reward rates, flexible redemption options and a slick focus on digital access make the Walmart Rewards™ Mastercard® a great option for Walmart enthusiasts. And the fact that this card can earn solid rewards outside of Walmart – a rarity for store cards – makes this a store card worth keeping an eye on.
If Walmart isn’t your preferred department store of choice, compare other store credit cards to find one that fits your spending.