For those who frequently shop at Walmart, signing up for a Walmart credit card can be a smart move.
The card offers cash back on purchases, allowing shoppers to earn rewards that can be redeemed for statement credits, gift cards, or to cover recent transactions. If you’re ready to apply, here’s what you need to know about the credit card and the process.
Walmart Credit Card Overview
Walmart offers credit card options designed to help shoppers manage everyday expenses.
Choosing the right card can maximize savings through cashback and rewards while minimizing fees. A mismatched card may result in higher costs and missed benefits.
Walmart Credit Card Types
Walmart offers two credit card options, each catering to different shopping habits. Both cards provide rewards to help maximize savings.
Capital One Walmart Rewards Mastercard
Launched in September 2019, this card can be used anywhere Mastercard is accepted.
- Earn 5% cash back at Walmart.com, Walmart app, and Walmart pickup and delivery.
- Earn 2% cash back at Walmart stores, Walmart gas stations, and on restaurant and travel purchases.
- Earn 1% cash back on all other purchases.
For example, if you spend $4,464 annually on groceries at Walmart.com, you’d earn $223.20 in rewards.
The card also offers benefits like travel accident insurance, concierge service, and extended warranty protection. It’s ideal for those with good to excellent credit, especially those who shop often at Walmart online or through the app.
Walmart Rewards Card
If you don’t qualify for the Mastercard, you may be offered the Walmart Rewards Card. This store card can only be used at Walmart locations, Walmart.com, Walmart-branded gas stations, and Sam’s Club.
- Earn 5% cash back at Walmart.com and Walmart app.
- Earn 2% cash back at Walmart stores and Walmart/Murphy USA gas stations.
- Earn 1% cash back at Sam’s Club and Sam’s Club-branded gas stations.
Capital One Walmart Rewards® Card vs. Walmart Rewards Card: Key Differences
The Capital One Walmart Rewards® Card and the Walmart Rewards Card differ in several key areas, including rewards, usage, and perks.
Here’s a comparison of the two Walmart credit cards in table format:
| Feature | Capital One Walmart Rewards® Card | Walmart Rewards Card |
|---|---|---|
| Rewards Rate | 5% back at Walmart.com, Walmart app, and pickup/delivery. | 5% back at Walmart.com and Walmart app. |
| 2% back at Walmart stores, Walmart & Murphy USA gas stations, and on restaurant/travel purchases. | 2% back at Walmart stores and Walmart/Murphy USA gas stations. | |
| 1% back on all other purchases. | ||
| Special Perks | Travel accident insurance, extended warranty protection, no foreign transaction fees, concierge service. | None |
| Usage | Can be used anywhere Mastercard is accepted. | Can only be used at Walmart stores, Walmart.com, Sam’s Club, and Murphy USA gas stations. |
Walmart credit cards have specific eligibility requirements and a straightforward online application process. Meeting the criteria increases the chances of approval.
Age and Residency
Applicants must be at least 18 years old, though some regions may require a minimum age of 19. A valid residential address in the country where the card is issued is necessary, and proof of residency may be requested.
Credit Score Considerations
A fair to excellent credit score boosts approval chances. Checking your credit score ahead of time helps with preparation.
How to Apply for a Walmart Credit Card Online
Applying online is simple and accessible. Here’s the step-by-step guide:
Online Application Process
The process is quick and requires a few basic steps. Gather the necessary information to avoid delays.
Steps to Start the Application:
- Visit the Official Website: Go to Walmart’s official site and find the credit card application page.
- Click “Apply Now”: Start the application form.
- Choose the Card Type: Select the card option that best suits your needs.
- Review Terms and Conditions: Read the terms and confirm your understanding.
Required Personal Information
To complete the application, provide the following details:
- Full Name and Address: For identity verification.
- Social Security Number: To determine eligibility.
- Employment and Income Information: For financial assessment.
- Email and Contact Information: For updates on your application.
Completing the Application
After entering your details:
- Review All Information: Double-check for accuracy.
- Submit the Application: Confirm submission.
- Wait for Confirmation: The system will acknowledge receipt of your application.
Approval Process
Once submitted, the approval process starts. The timeline may vary.
Timeline for Approval
Most applicants get a response within minutes, though it can take several days. Additional verification may be requested.
What to Expect After Applying
- Initial Approval Status: Expect an email update on the approval status.
- Verification Requests: Watch for any further verification emails.
- Card Delivery: If approved, your Walmart Credit Card will arrive by mail in a few business days, ready to use worldwide.
Credit Card Terms
Knowing the terms of your credit card helps in managing finances effectively. It’s important to understand interest rates and fees that may apply.
APRs for Purchases, Cash Advances, and Balance Transfers:
- Purchases: Standard APR is 21.89%.
- Cash Advances: APR is 22.97%.
- Balance Transfers: Typically the same rate as cash advances.
Interest accumulates if a balance is carried. A 21-day grace period applies where no interest is charged if the full balance is paid within that time.
- Annual Fee: Most cards have no annual fee.
- Late Payment Fees: Late payments result in penalty fees added to your balance.
- Foreign Transaction Fees: These apply when using the card outside your country and are usually a small percentage of the purchase.
To avoid fees, pay your balance on time and review your credit card agreement for full details on charges.
Other credit cards to consider
If a Walmart-branded credit card isn’t the right fit, here are other options to consider. These cards offer rewards on a wider range of purchases, making them ideal if you split shopping between Walmart and other retailers like Amazon.
Chase Freedom Unlimited®:
- Cash Back: 6.5% on travel purchased through Chase Travel℠, 4.5% on drugstore purchases and dining, 3% on other purchases (up to $20,000 spent in the first year). After the first year, earn 5% on travel, 3% on drugstore and dining, and 1.5% on all other purchases.
- Annual Fee: $0
Capital One Quicksilver Cash Rewards Credit Card:
- Cash Back: 1.5% on every purchase; 5% on hotels and rental cars booked through Capital One Travel.
- Bonus: $200 cash bonus after spending $500 in the first 3 months.
- Annual Fee: $0
Citi Double Cash® Card:
- Cash Back: 2% on every purchase (1% when you buy, 1% when you pay).
- Special Offer: 5% cash back on travel bookings through Citi Travel℠ through 12/31/25.
- Annual Fee: $0
All three cards offer unlimited cash back and have low or no annual fees, making them simpler choices for everyday purchases.
Customer Support
For help with your Walmart Credit Card, customer support is available at 1-888-331-6133, from 8 AM to 10 PM EST on weekdays and until 9 PM on Sundays.
If your card is lost or stolen, call 1-888-925-6218 right away. For mail inquiries, send to P.O. Box 187, Orangeville, ON L9W 2Z6.
Disclaimer: This information is for general guidance. Always review the official terms and conditions before applying.
Conclusion
For frequent Walmart shoppers, the Walmart Credit Card offers a simple way to earn cashback rewards on everyday purchases.
With no annual fee and options to redeem rewards in various ways, it’s a great tool for saving. Choosing the right card depends on credit score and shopping habits.
Consider the different card types, terms, and rewards to find the best fit. If a Walmart card doesn’t meet your needs, other cashback credit cards may also be worth exploring.
