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Walmart Rewards Mastercard review

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A digital-first store card with surprisingly robust rewards.

  • Get this card if: you regularly shop at Walmart and prefer shopping online.
  • Pick something else if: You shop in-store or eschew mobile payments.
  • Apply with a fair credit score of 580 or higher.

Up to 5%

Cash back


Annual fee

17.99%, 23.24% or 26.99%

Purchase APR (variable)


Recommended credit score


Product NameWalmart Rewards Mastercard
Card typeMastercard
Annual fee$0
Purchase APR17.99%, 23.24% or 26.99% variable
Balance transfer APR17.99%, 23.24% or 26.99% variable
Cash advance rate26.99% fixed
Cash advance fee$10 or 3% of the cash advance amount, whichever is greater
Foreign transaction fee3% of the transaction value
Interest free periodUp to 25 days
Late payment fee$39

Expert review

Kevin Joey Chen

Review by

Kevin Joey Chen is a credit cards, banking and investments writer who has written nearly 500 Finder articles. He's passionate about helping you get your finances in order and expertly navigate the cutting-edge financial tools available -- including credit cards, apps and budgeting software.

Expert review

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.

Another everyday cashback card

Blue Cash Everyday® Card from American Express

  • Earn a $150 statement credit after you spend $1,000 in purchases on your new card within the first 3 months.
  • 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 14.49% to 25.49%.
  • Over 3 million more places in the U.S. started accepting American Express® Cards in 2017 and 2018.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • No annual fee.
  • Terms apply.
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See Rates & Fees

Card benefits

  • Big rewards when shopping online.
    Earn 5% back on purchases made at Walmart.com and on purchases made through Walmart Grocery Pickup and Delivery. This is an increase over Walmart’s last card which offered 3% for online purchases.
  • Introductory offer rate.
    Earn 5% back on in-store purchases made with Walmart Pay for the first 12 months after approval. After the introductory period, you’ll earn 2% back on in-store purchases.
  • Solid rewards elsewhere.
    You’ll also earn 2% back on restaurants and travel and 1% back everywhere else.
  • Broad redemption options.
    Enjoy a variety of redemption options at your disposal, including travel, gift cards, on Walmart.com purchases and statement credits. This breadth is unusual for store cards, which often limit redemptions to the associated retailer.
  • No annual fee.
    Don’t worry about paying anything to simply own this card.
  • No foreign transaction fees.
    Incur no fees on purchases made abroad with your card.
  • Capital One mobile app.
    Get the Capital One mobile app, which has features such as security alerts, purchase notifications and benefits for your Walmart Rewards Mastercard.

What to watch out for

  • Digitally focused.
    To regularly earn 5% back, you’ll need to make your Walmart purchases online. Outside of the introductory period, you’ll earn just 2% back when making Walmart purchases in-store.

What credit cards are accepted at Walmart?

Walmart Rewards Card

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.

Save more at Walmart

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.

Walmart Walmart

Walmart Credit Card

Loyal Walmart shoppers take note: this credit card offers a 3-2-1 Save rewards program, with three tiers of savings depending on what you buy.

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See more promo codes

Compare other store cards

Name Product Filter values Annual fee Purchase APR Recommended minimum credit score
Target REDcard™ Credit Card
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CardMatch™ from creditcards.com
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Can't decide on a card? Get personalized credit card offers with CardMatch™.
WebBank/Fingerhut Advantage Credit Account
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Build your credit history with low monthly payments.
Fingerhut FreshStart® Credit Account
29.99% fixed
Get access to purchase items in the Fingerhut store with no overlimit fees.
Montgomery Ward credit
5.75% to 25.99% fixed
Buy now, pay later — low monthly payments make shopping easier

Compare up to 4 providers

How to apply for Walmart Rewards Mastercard

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.

What credit score do I need?

To qualify for the Walmart Rewards Mastercard, apply with a fair credit score of 580 or greater.

Bottom line

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.

Walmart Walmart

Free 2-day shipping at Walmart.com

Get fast shipping, free, on orders $35 and up.

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  1. Default Gravatar
    June 1, 2017

    When using a Walmart credit card online and they ask what kind of card are you using what do you select? credit card, gift card, or other?

    • Avatarfinder Customer Care
      June 18, 2017

      Hi Katrina,

      Thanks for your question.

      You should select credit card. Kindly note though that the Walmart Credit Card can only be used at Walmart-affiliated stores. These locations include Walmart stores, Walmart Supercenters, Neighborhood Markets, Walmart.com, Walmart and Murphy USA Gas Stations, and Sam’s Club.


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