If you shop at Walmart or Walmart.com regularly, a Walmart Credit Card could be a practical choice.
Walmart serves millions of customers worldwide every week, offering budget-friendly options.
With this card, you can earn cash back on purchases, which can be used for statement credits, gift cards, or to reduce recent expenses. Two Walmart Credit Card options are available. This guide explains how to apply.
Walmart Credit Card: What You Need to Know
Walmart is a global retail chain offering a wide range of products. Its credit cards are designed to help manage everyday expenses efficiently.
Picking the right card can maximize savings through cashback and rewards while avoiding extra costs.
Types of Walmart Credit Cards
Walmart provides two credit card options, each tailored to different shopping habits. Both cards come with benefits to enhance the shopping experience.
1. Capital One Walmart Credit Card
This card, powered by Mastercard, has no annual fee. It offers cashback rewards:
- 5% back on Walmart.com and Walmart app purchases, including Grocery Pickup and Delivery.
- 2% back at Walmart stores, Walmart & Murphy USA fuel stations, and restaurants.
- 1% back on all other purchases.
The card includes online tools for tracking spending, rewards, and payments. Additional perks include travel insurance, extended warranties, and concierge services. It is best for those with good credit who frequently shop online at Walmart.
2. Walmart Rewards Credit Card
This card also has no annual fee but is limited to Walmart-related purchases. It provides:
- 5% cashback on Walmart.com and Walmart app purchases.
- 2% cashback at Walmart stores and affiliated restaurants.
- 1% cashback on in-store purchases at Sam’s Club and affiliated gas stations.
This card is ideal for those who primarily shop at Walmart and want straightforward rewards.
Difference Between the Capital One Walmart Rewards® Card and the Walmart Rewards Card
If you’re considering a Walmart credit card, there are two options: the Capital One Walmart Rewards® Card and the Walmart Rewards Card. Here’s how they compare:
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| Feature | Capital One Walmart Rewards® Card | Walmart Rewards Card |
|---|---|---|
| Rewards Rate | 5% back at Walmart.com, Walmart app, and Walmart Pickup & Delivery. | 5% back on Walmart.com and the Walmart app. |
| 2% back in Walmart stores, Walmart and Murphy USA gas stations, gift cards at Walmart, restaurants, and travel. | 2% back in Walmart stores and at Walmart and Murphy USA gas stations. | |
| 1% back on all other purchases. | — | |
| Special Perks | Travel accident insurance. | Not available. |
| Extended warranty protection. | — | |
| No foreign transaction fees. | — | |
| Concierge service. | — | |
| Where It Can Be Used | Accepted anywhere Mastercard is accepted, making it suitable for global use. | Limited to Walmart stores, Walmart.com, Sam’s Club, and Murphy USA gas stations. |
| Key Differences | Offers additional rewards for restaurants, travel, and gift cards, plus 1% back on all purchases. | Focuses solely on Walmart-related purchases. |
| Usage Flexibility | Usable worldwide where Mastercard is accepted. | Restricted to Walmart-affiliated locations. |
| Additional Perks | Includes travel insurance, extended warranties, and concierge services. | No additional perks. |
| Which Card Should You Choose? | Best for those who want flexibility and rewards beyond Walmart purchases. | Best for those who primarily shop at Walmart and want a simple rewards system. |
Walmart Credit Card Benefits
Walmart credit cards provide features that improve the shopping experience through cashback, financing, and security perks.
Cashback Rewards
Cardholders earn cashback on purchases, with higher rewards on select categories like groceries and fuel. Cashback can be applied to the statement balance, helping to reduce costs. Rewards tracking is simple through the account management system.
Special Financing
Eligible purchases qualify for special financing, allowing payments to be spread over time without interest if paid within the promotional period.
This benefits larger expenses like electronics and appliances. Paying on time is necessary to avoid interest charges. Checking the terms ensures clarity on conditions.
No Annual Fee
These cards do not have an annual fee, keeping costs low. This makes them a cost-effective choice for frequent Walmart shoppers.
Additional Benefits
Walmart credit cards include extra protections and services beyond payment convenience:
- Zero Liability Protection – Covers unauthorized transactions.
- Balance Protection Plan – Assists in cases of critical illness, disability, or job loss.
- Extended Warranty Plan – Adds up to three years of coverage on eligible purchases.
- Purchase Assurance Protection – Covers theft, loss, or damage within 90 days.
- Mastercard Global Services – Provides emergency cash and card replacement worldwide.
Walmart Credit Card Eligibility and Application Process
Walmart credit cards have specific requirements and a simple application process. Meeting the criteria improves approval chances.
Age and Residency
Applicants must be at least 18 years old, though some regions set the minimum age at 19. A valid residential address in the issuing country is required. Proof of residency may be necessary.
Credit Score Considerations
A fair to excellent credit score increases approval chances. A credit history helps lenders assess payment behavior. Checking credit scores in advance allows for better preparation.
How to Apply for a Walmart Credit Card Online
Applying online is quick and available to a global audience. Here’s a direct guide to completing the process.
Online Application
The process takes only a few steps. Having the necessary information ready makes it smoother.
Steps to Apply:
- Visit the Official Website – Go to Walmart’s site and find the credit card application page.
- Click “Apply Now” – Start the application.
- Choose the Card Type – Select the Walmart Credit Card that fits your needs.
- Review Terms and Conditions – Read the terms and confirm the agreement.
Required Information
These details are necessary to complete the application:
- Full Name and Address – Used for identity verification.
- Social Security Number – Determines eligibility.
- Employment and Income – Required for financial assessment.
- Email and Contact Details – Used for application updates.
Completing the Application
After entering the required details, complete the process with these steps:
- Review Information – Check for accuracy.
- Submit the Application – Confirm submission.
- Wait for Confirmation – Receive a system response on the application status.
Approval Process
Once submitted, the review process begins. The timeline varies depending on verification needs.
Approval Timeline
Most applicants receive a response within minutes, but in some cases, it takes longer if additional verification is needed.
What Happens Next?
Once processed, here’s what follows:
- Initial Status Update – An email with the application result.
- Verification Requests – Additional details may be needed.
- Card Delivery – If approved, the Walmart Credit Card arrives within a few business days, ready for use worldwide.
Where Can You Use the Walmart Credit Card?
The Walmart credit card provides flexibility for both in-store and online purchases. Here’s where and how it can be used effectively.
In-Store and Online Usage
The card is accepted at all Walmart locations, making everyday purchases easier. It also works on Walmart’s online platforms, supporting home delivery and pickup services.
Payments are streamlined, and rewards are applied automatically. Built-in security features help protect transactions for both in-store and online purchases.
Usage Beyond Walmart
The Walmart credit card is not limited to Walmart stores. Many retailers worldwide accept it, expanding purchasing options.
Online marketplaces also support the card, increasing its versatility. This broad acceptance allows cardholders to maximize its benefits across different shopping platforms.
Credit Card Terms
Knowing the terms of a Walmart credit card helps in managing expenses effectively. Interest rates and fees impact the total cost of using the card.
Interest Rates for Purchases, Cash Advances, and Balance Transfers
- Purchases – The standard interest rate is 21.89%.
- Cash Advances – Higher rate at 22.97%.
- Balance Transfers – Usually the same rate as cash advances.
Carrying a balance leads to interest charges. A 21-day grace period applies if the full balance is paid on time, avoiding interest accumulation. Checking statements regularly helps track these costs.
Fees and Charges
- Annual Fee – Most Walmart credit cards do not charge an annual fee.
- Late Payment Fee – A penalty applies if the minimum payment is missed.
- Foreign Transaction Fee – A small percentage is added when making purchases in another currency or country.
Customer Support
Walmart Credit Card customer service is available for assistance at 1-888-331-6133, operating 8 AM to 10 PM EST on weekdays and until 9 PM on Sundays.
For lost or stolen cards, report immediately by calling 1-888-925-6218. Mail inquiries can be sent to P.O. Box 187, Orangeville, ON L9W 2Z6.
Disclaimer
This information serves as a general guide. Always check the official terms and conditions before applying.
Conclusion
Applying for a Walmart Credit Card is simple. Submitting accurate information prevents delays. Managing purchases wisely ensures the best use of the card’s benefits.
