Capital One Walmart Credit Card: The Capital One Walmart Credit Card is a popular option for frequent Walmart shoppers, offering generous cashback rewards and special perks.
Whether you shop at Walmart.com, in-store, or on the Walmart app, this card provides a seamless way to earn rewards on everyday purchases.
But is it the right card for you? Let’s break down its features, benefits, and potential drawbacks.
Card Benefits & Features
This credit card offers cashback rewards, flexible redemption options, and no annual fee. Here’s a closer look at what makes it stand out:
- Earn 5% cashback on Walmart.com purchases, including grocery pickup and delivery.
- Get 2% cashback in Walmart stores, at restaurants, and on travel.
- Earn 1% cashback everywhere else Mastercard is accepted.
- No annual fee, making it a cost-effective choice.
- 0% introductory APR financing on select Walmart purchases.
- Fraud protection and security features for safe transactions.
Cashback Rewards Breakdown
The Capital One Walmart Credit Card offers a tiered cashback system:
| Purchase Type | Cashback Earned |
|---|---|
| Walmart.com (including grocery delivery/pickup) | 5% |
| Walmart stores, restaurants, travel | 2% |
| All other purchases | 1% |
- Best for online shopping: If you frequently order from Walmart.com, the 5% cashback is a great deal.
- Lower rewards for in-store purchases: In-store Walmart shoppers only earn 2% cashback, which may not be the best among retail credit cards.
- Versatile spending: The 1% cashback on all other purchases is useful but not as high as general rewards cards.
Fees & Interest Rates
Before applying, it’s important to understand the costs associated with this card:
- Annual Fee: $0
- APR: 17.99% – 29.99% (variable)
- Late Payment Fee: Up to $39
- Foreign Transaction Fees: None
Tip: Pay your balance in full each month to avoid high-interest charges.
Applying for the Card
Interested in getting the Capital One Walmart Credit Card? Here’s what you need to know:
- Eligibility: Requires a good credit score (around 640+ recommended).
- How to Apply: You can apply online through Walmart or Capital One’s website.
- Approval Process: Instant decisions are common, but some applications may take a few days.
Using the Card at Walmart
If you’re a frequent Walmart shopper, using this card strategically can help maximize rewards:
- Use Walmart Pay: Earn 5% cashback for the first 12 months when using Walmart Pay in-store.
- Shop online when possible: Orders from Walmart.com and the Walmart app qualify for 5% cashback.
- Consider financing options: For larger purchases, look into special 0% APR financing offers.
Comparison with Other Walmart Cards
Walmart offers another credit card—the Walmart Store Card—which is only usable at Walmart.
| Feature | Capital One Walmart Credit Card | Walmart Store Card |
|---|---|---|
| Can Be Used Anywhere | Yes (Mastercard) | No (Walmart only) |
| Cashback Rewards | Yes (1% – 5%) | Yes (5% online, 2% in-store) |
| Best For | Frequent Walmart shoppers who shop online | Walmart-only shoppers |
If you want a versatile card, the Capital One Walmart Credit Card is the better option.
Comparison with Other Retail Credit Cards
How does this card compare to other retail giants?
| Card | Best For | Cashback Rates |
|---|---|---|
| Capital One Walmart Credit Card | Walmart shoppers | 5% online, 2% in-store, 1% everywhere |
| Amazon Prime Rewards Visa | Amazon shoppers | 5% on Amazon & Whole Foods |
| Target RedCard | Target shoppers | 5% at Target |
If you shop frequently at Amazon or Target, those cards might be more rewarding.
How to Redeem Rewards
Cashback rewards can be redeemed for:
- Statement credits (reduce your bill)
- Gift cards
- Travel purchases
- Direct deposits
Pros & Cons
Pros:
- High 5% cashback for online Walmart purchases
- No annual fee
- Good for Walmart shoppers
Cons:
- Only 2% cashback in Walmart stores
- High APR if carrying a balance
Credit Score Impact
Using this card responsibly can help build or improve your credit score:
- On-time payments increase your score.
- High balances relative to your limit can hurt your score.
Customer Reviews & Ratings
Most customers appreciate the high cashback rewards for Walmart.com purchases, but some complain about high interest rates if they carry a balance.
Tips for Maximizing Benefits
- Use Walmart Pay to earn extra rewards in-store.
- Shop online whenever possible for 5% cashback.
- Pay off your balance to avoid interest charges.
Security & Fraud Protection
- $0 Fraud Liability for unauthorized charges
- Security alerts for suspicious activity
FAQs about the Capital One Walmart Credit Card
1. What are the benefits of the Capital One Walmart Credit Card?
The card offers 5% cashback on Walmart.com purchases, including grocery pickup and delivery, 2% cashback in Walmart stores, at restaurants, and on travel, and 1% on all other purchases. Plus, new cardholders get 5% cashback in Walmart stores for the first 12 months when using Walmart Pay.
2. Does the Capital One Walmart Credit Card have an annual fee?
No, this card has no annual fee, making it a cost-effective choice for frequent Walmart shoppers.
3. What credit score is needed for approval?
A fair to good credit score (typically 640-700+) increases the chances of approval, but Capital One considers multiple factors beyond credit scores.
4. Can I use this card outside of Walmart?
Yes! The Walmart Rewards Card is limited to Walmart purchases, while the Capital One Walmart Rewards Card (Mastercard version) can be used anywhere Mastercard is accepted.
5. Does the card offer any sign-up bonus?
Yes! New cardholders can earn introductory 5% cashback on in-store Walmart purchases for the first 12 months when using Walmart Pay.
6. Are there any foreign transaction fees?
No, the Capital One Walmart Rewards Card has no foreign transaction fees, making it great for international travel.
7. How can I redeem my cashback rewards?
Rewards can be redeemed for statement credits, gift cards, travel, or even applied directly to Walmart purchases. There are no expiration dates on rewards as long as your account remains open.
8. How do I apply for the Capital One Walmart Credit Card?
You can apply online at Walmart’s website or through Capital One’s official website. A quick pre-qualification check can help determine eligibility without affecting your credit score.
9. Does the card offer any fraud protection?
Yes! Capital One provides $0 fraud liability, real-time security alerts, and virtual card numbers for safer online shopping.
10. What are the potential downsides of the card?
While the cashback perks are excellent, the high APR (often above 20%) can be a downside if you carry a balance. Additionally, Walmart’s in-store cashback is lower (2%) unless using Walmart Pay during the first year.
Conclusion
The Capital One Walmart Credit Card is a solid choice for Walmart shoppers, especially those who buy online. However, in-store shoppers may find better cashback rates with other cards. If you frequently shop at Walmart.com, this card offers unbeatable rewards.
