The
Capital One Walmart Rewards® Mastercard® is a good credit card for people who frequently shop at Walmart, especially Walmart.com. The Walmart Card’s rewards rates range from 1% to
5% back, depending on the type of purchase made. Cardholders earn
5% back on Walmart purchases made online or through the Walmart mobile app, even those later picked up at a Walmart store location. Normally, in-store purchases get you just 2% back – same as purchases made at Walmart and Murphy USA gas stations. But, new cardholders can get
5% back on in-store purchases for the first 12 months by paying with Walmart Pay.
There are other reasons other than Walmart rewards to consider the
Walmart Credit Card, too. The card also gives 2% back on travel and dining at restaurants, along with
1% back on all other purchases. The card does not charge an annual fee, either.
Walmart Credit Card Review Highlights
$0 annual fee
Credit cards tied to major retailers typically have no annual fees, so this isn’t unique. But it still saves cardholders
nearly $21.58 per year compared to the average credit card overall.
Walmart Pay bonus
New cardholders who link their Walmart credit card account to Walmart Pay can earn
5% back on in-store purchases for the first 12 months by using Walmart Pay at checkout.
Better rewards online
Cardholders earn
5% back on purchases made on Walmart.com or through the Walmart mobile app. That rate applies to purchases you have delivered to your home as well as those you pick up at a Walmart location. However, in-store purchases made with the Walmart Rewards Card for some reason only merit 2% back – at least after the first-year promotion ends.
Gas rewards are good, but stations are limited
The
Walmart Credit Card gives you 2% back on gas purchases, which isn’t too shabby. But that rate only applies when you fill up at Murphy USA or Walmart gas stations. And some states don’t have any locations.
New rewards for restaurants and travel
The
Walmart Credit Card now gives 2% back on travel expenses and dining at restaurants. That makes the Walmart card competitive with some of the
best rewards credit cards around – at least in terms of ongoing rewards in those two categories.
Fair credit recommended for non-Walmart purchases
The Walmart Mastercard requires fair or better credit for approval. If you have lower credit, you’re more likely to be eligible for the Walmart Store Card, which can only be used at Walmart, Walmart.com, and Murphy USA/Walmart gas stations.
Several ways to redeem rewards
Walmart Credit Card users can pay for Walmart purchases with rewards at the register. Cardholders can also redeem their rewards for account credits, gift cards, airfare, hotel stays or rental car reservations.