Offer status
This offer is unavailable on The Ascent. All information was collected independently and not reviewed for accuracy or provided by the credit card issuer. Some items may be out of date. Visit our Best Credit Cards page for current offers.
Walmart has had its own store credit card for years, but recently, the retail giant decided to team up with Capital One for a new and improved version of its rewards card. The Capital One Walmart Rewards Mastercard comes with an updated rewards rate and some benefits we don't often see with store cards, so it could be a valuable option if you like to shop at Walmart.
Ratings Methodology
Capital One Walmart Rewards Mastercard
Great for: Walmart shoppers
Rating image, 3.50 out of 5 stars.
3.50/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Rating image, 3.50 out of 5 stars.
3.50/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Credit Score:Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Good (670-850)
Poor
Fair
Good
Excellent
300-579
580-669
670-739
740-850
Credit ScoreFalling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Good (670-850)
Intro APR
Purchases: N/A
Balance Transfers: N/A
Regular APR
18.99% or 29.99%, variable
Rewards5% back on purchases online at Walmart, including Grocery Pickup and Deliver, 2% back on purchases in Walmart stores, 2% back on restaurants and travel purchases, 1% back on other eligible purchases
1% - 5% back
Annual Fee
$0
Welcome Offer5% back on in-store purchases for the first 12 months
5% back
A compelling offer for Walmart fans, but not a fit for anyone seeking a one-card wallet with versatile rewards.
- Big Walmart rewards
- No annual fee
- Consumer and travel protections
- No foreign transaction fee
- No intro APR offer
- Earn unlimited rewards every day, everywhere on purchases in and out of Walmart
- Earn unlimited 5% back on purchases online at Walmart, including Grocery Pickup and Deliver
- Earn unlimited 2% back on purchases in Walmart stores, 2% back on restaurants and travel purchases, and 1% back on all other purchases everywhere else Mastercard® is accepted
- Introductory offer: Earn 5% back on purchases in Walmart stores when you use this card for Walmart Pay for the first 12 months after approval
- Redeem rewards to cover recent purchases, or redeem for travel, gift cards, statement credits and more
- $0 annual fee
- No foreign transaction fees
Capital One Walmart Rewards Mastercard is unavailable on The Ascent. All information was collected independently and not reviewed for accuracy or provided by the credit card issuer. Some items may be out of date.
Full Walmart Rewards Mastercard review
This credit card is a good fit for: Walmart shoppers who visit the store at least once a month and want to earn bonus cash back there.
Top perks
Diverse cash back program: Cardholders receive 5% back on Walmart.com purchases, including grocery pickup and delivery, as well as in-store purchases made through the Walmart Pay app, although the app rate promo is only for the first 12 months (2% thereafter). Travel and restaurants earn 2% back. Other purchases earn at the base rate of 1% back.
No annual fee: Cardholders can harvest the full value of rewards earned by avoiding an annual fee.
Price protection: If you purchase a new item and find it for a lower price within 120 days, you may be reimbursed for the difference.
Extended warranty coverage: This automatically doubles the original manufacturer's warranty and store brand/purchased warranty when each is 24 months or less, for a total of up to 48 months.
Rental car insurance: With MasterRental Insurance, you're covered against damage to rental vehicles, including physical damage and theft.
Baggage delay insurance: If your baggage is delayed by four hours or longer on a covered trip, this coverage will reimburse you for emergency purchases of essential items.
Trip cancellation/interruption insurance: If your trip is canceled or interrupted because of a covered accident or illness, your Walmart credit card can reimburse you for the unused, non-refundable portion of your common carrier passenger fare.
No foreign transaction fee: Cardholders can use this card in other countries without paying extra fees on each swipe.
Learn more: Best No Foreign Transaction Fee Credit Cards
Alternatives to consider
- If you want a higher cash back rate on all U.S. supermarkets: The Blue Cash Preferred® Card from American Express gets you 6% cash back at U.S. supermarkets on up to $6,000 of annual spending, which is about as generous as it gets if you spend a lot on groceries. You'll also get 3% cash back at U.S. gas stations and you can earn a big statement credit welcome offer (terms apply for the welcome offer and rewards). In exchange for sky-high cash back rates, you do have to pay a $95 annual fee (see rates and fees), so do the math to make sure your spending justifies the fee.
- If you want generous flat-rate cash back on purchases: If you prefer a card with no annual fee, or don't spend a lot on groceries, the Citi Double Cash® Card earns a flat rate of 2% cash back -- 1% on purchases and 1% when you pay your bill. It also comes with a generous balance transfer offer for those who are paying off debt.
Learn more: Best Grocery Credit Cards
As of Nov. 27, 2023
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| Blue Cash Preferred® Card from American Express | Citi Double Cash® Card |
Rating image, 5.00 out of 5 stars. 5.00/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. | Rating image, 4.00 out of 5 stars. 4.00/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. |
Apply Now for Blue Cash Preferred® Card from American Express OnAmerican Express'Secure Website. Terms apply | |
Read Full Review | Read Full Review |
Credit Rating Requirement:Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions. Recommended Credit Score required for this offer is: Good/Excellent (670-850) Poor Fair Good Excellent 300-579 580-669 670-739 740-850 Good/Excellent (670-850) | Credit Rating Requirement:Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions. Recommended Credit Score required for this offer is: Fair to Excellent (580-850) Poor Fair Good Excellent 300-579 580-669 670-739 740-850 Fair to Excellent (580-850) |
Welcome Offer:Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months. $250 | Welcome Offer:Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back. 20,000 ThankYou® Points |
Rewards Program:6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). 6% Cash Back on select U.S. streaming subscriptions. 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more). 1% Cash Back on other purchases. 1% - 6% cash back | Rewards Program:2% cash back: 1% when you buy plus 1% as you pay Up to 2% cash back |
Intro APR: Purchases: 0%, 12 months Balance Transfers: 0%, 12 months | Intro APR:N/A Purchases: N/A Balance Transfers: 0%, 18 months |
Regular APR: 19.24%-29.99% Variable | Regular APR: 19.24% - 29.24% (Variable) |
Annual Fee: $0 intro annual fee for the first year, then $95. | Annual Fee: $0 |
Highlights:
| Highlights:
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Apply Now for Blue Cash Preferred® Card from American Express OnAmerican Express'Secure Website. Terms apply | |
| Show MoreShow Less | |
What could be improved
Limited 5% promo cash back rate: The credit card would have more versatility if the 5% cash back rate lasted beyond 12 months for in-store purchases.
No 0% intro APR: Cards intended for routine shopping are more valuable when offering a 0% intro APR on purchases.
Find the best credit card for your needs
Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.
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Suggested credit score
The Capital One Walmart Rewards Mastercard is meant for people with average credit -- ideally, a FICO® Score in the mid 600s or higher.
See more options: Best Credit Cards for Fair/Average Credit
This credit card is right for you if:
Do you spend at least $100 at Walmart per month? If so, you should apply for this credit card.
However, you will have a decision to make after you've had the card for a year. At that point, the card will earn you only 5% back on Walmart.com purchases. That works if you can make the majority of your Walmart purchases through the website, but if not, you should look at other cash back credit cards with more diverse bonus categories.
Although you can redeem your rewards for travel through Capital One, this isn't a travel card. If travel benefits are what you're after, you should check out travel rewards cards instead.
FAQs
Credit limits for a Walmart credit card can range from $150 to over $5,000. Several factors go into determining your credit limit, including your annual income and credit history.
The Capital One® Walmart Rewards™ Mastercard® can be used anywhere Mastercard is accepted. The Walmart Rewards Card can only be used for Walmart purchases.
When you apply for a Walmart credit card, you could be approved for either one depending on your credit profile.
Yes, a Walmart credit card can build credit if you pay on time. Card activity is reported to all three consumer credit bureaus, so you can increase your credit score by using the card regularly and then paying the bill on time each month.
Our Credit Cards Expert
By:Elizabeth Aldrich
Elizabeth is a personal finance writer specializing in credit cards, debt repayment, and small business. Her work has appeared on The Motley Fool, MSN Money, Yahoo! Finance, and Business Insider. She’s an avid credit card points collector and perpetual traveler currently living in Costa Rica.
I am an expert in the field of credit cards and personal finance, with a deep understanding of the credit card industry and its various offerings. I've spent years researching and analyzing credit card products, staying up-to-date with the latest trends and developments in the financial sector. My knowledge extends to credit scores, rewards programs, annual fees, introductory APRs, and the intricacies of different credit card features.
Now, let's break down the information provided in the article about the Capital One Walmart Rewards Mastercard:
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Partnership and Card Overview:
- Walmart has partnered with Capital One to offer an updated version of its store credit card.
- The card is called the Capital One Walmart Rewards Mastercard.
- The collaboration promises an improved rewards rate and additional benefits for Walmart shoppers.
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Ratings Methodology:
- The article uses a 5-star scale for rating credit cards.
- The Capital One Walmart Rewards Mastercard is rated 3.50 out of 5 stars.
-
Credit Score Information:
- The recommended credit score for approval is in the "Good" range, specifically 670-850.
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Intro APR and Regular APR:
- There is no introductory APR for purchases or balance transfers.
- The regular APR varies between 18.99% and 29.99%, depending on creditworthiness.
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Rewards Program:
- 5% back on purchases online at Walmart, including Grocery Pickup and Delivery.
- 2% back on purchases in Walmart stores.
- 2% back on restaurants and travel purchases.
- 1% back on other eligible purchases.
- An introductory offer of 5% back on in-store purchases for the first 12 months when using Walmart Pay.
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Annual Fee:
- The Capital One Walmart Rewards Mastercard has no annual fee.
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Additional Features:
- No foreign transaction fees.
- Redemption options include covering recent purchases, travel, gift cards, statement credits, and more.
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Pros and Cons:
- Pros include big Walmart rewards, no annual fee, consumer and travel protections, and no foreign transaction fees.
- A limitation is the 5% promo cash back rate lasting only for the first 12 months for in-store purchases.
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Alternatives:
- Alternative credit cards are suggested, such as the Blue Cash Preferred® Card from American Express and the Citi Double Cash® Card, with comparisons in terms of cash back rates, annual fees, and introductory APR offers.
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Suggested Credit Score and Eligibility:
- The Capital One Walmart Rewards Mastercard is recommended for individuals with average credit, ideally a FICO® Score in the mid-600s or higher.
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Expert's Conclusion:
- The credit card is considered suitable for Walmart shoppers spending at least $100 per month at the store.
- After the first year, the card offers 5% back on Walmart.com purchases, making it essential for those who make the majority of their Walmart purchases online.
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FAQs:
- The FAQs cover topics such as credit limits, card usage, credit building, and the potential approval for either the Capital One Walmart Rewards Mastercard or the Walmart Rewards Card based on the applicant's credit profile.
This breakdown provides a comprehensive overview of the Capital One Walmart Rewards Mastercard and its features, allowing consumers to make informed decisions about their credit card choices.
