Walmart Credit Card Review: Should You Sign Up?

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Walmart Credit Card Review: Should You Sign Up?

Deciding whether to sign up for a Walmart Credit Card or not can be tough if you don’t have the right guidance. Despite the store’s worldwide presence and recognition, many shoppers remain skeptical about their card services.

To help you to understand all the details of Walmart’s rewards credit card, we will examine the key features surrounding the cards to weigh the pros and cons.

At the end of our review, you’ll know whether you should apply for a Walmart credit card or not.

Let’s get right into it.

Walmart Credit Card Overview

Walmart credit card allows the cardholder to buy goods on credit and access a rewards program. The of points a customer wins depends on the amount spent as well as on the type of card he or she has.

These reward points can be applied either during checkout on Walmart products or for other goods and services outside the store. When they are used, shoppers get a discount on the original total of their bill.

In the past, Walmart partnered with Synchrony Bank to issue their cards. Nowadays, Walmart works with Capital One to issue these co-branded cards.

Walmart Credit Card Types

With this new partnership with Capital One, the retail store offers two cards:

  1. Walmart Rewards Mastercard®
  2. Walmart Rewards Card

If we had to award these cards a score out of 5, we would feel more than comfortable giving them a solid 4.

Both cards feature rewards programs that guarantee every frequent Walmart shopper something on their Walmart purchases.

While the Mastercard beats the other card in several areas, the Rewards card still remains a good option.

Let’s go over each card to understand the differences in bonus categories:

Walmart Rewards Mastercard®

In terms of spending rewards, this card offers cardholders a 5% cashback on all purchases done via Walmart’s website. In other words, on all products a shopper buys via, they receive reward points that amount to 5% of their purchase price.

walmart credit card
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This includes services like the Walmart App, Walmart Grocery Pickup as well as Delivery.

Based on the shopping bill percentage, Walmart calculates the rewards points which will correspond to a numerical figure. A shopper can apply this numerical figure to future purchases that they make via the website or mobile app.

Walmart awards 2% in reward points on purchases done by cardholders for specific purposes. These include purchases for:

  • Travel Purchases
  • Sam’s Club
  • Items bought in Walmart stores
  • Walmart & Murphy USA Gas Stations

These reward points are calculated in the same way as Walmart calculates its 5% reward points deal. The also offers 1% reward points on purchases done in other outlets. You have several options to redeem the points that you earn. You can redeem points online, in-store, or exchange for gift cards or redeem points for a statement credit.

Apart from applying them to your checkout on Walmart and redeeming for a purchase, you can also add it to your Walmart account. Moreover, any approved purchase related to travel can also be discounted with your reward points.

However, in order to access these perks, the cardholder needs to use their Walmart credit card.

Walmart Rewards Card

The Walmart Rewards Card is more modest in the benefits that it offers to its cardholders.

Like the previous card, this one gives you return points on products from to the tune of 5%.

What’s more, with the card, users also get 2% back on purchases made from Walmart Stores, Walmart as well as Murphy USA Fuel Stations.

However, cardholders do not access any of the other reward point programs that a Walmart Mastercard offers.

Furthermore, any expenses for travel or hotel are not eligible for reward points discounts.

However, just like with the Mastercard, you do not have a time limit on when you can redeem your rewards.

That gives you the flexibility to strategize how and when you distribute your reward points in your favor.

Benefits of Applying for a Walmart Credit Card

Here’s a brief roundup of the benefits of owning a new Walmart Card:

  • MasterCard holders have ample ways to redeem the points that they earn
  • No annual fees or foreign transaction fees
  • Additional benefits on items in Walmart stores
  • Rewards pile up quickly if you spend a lot on Walmart
  • No spending threshold set on rewards

Keep in mind that Walmart’s cardholders also have access to additional perks upon signing up, which grants users increased reward earnings for a limited time. New cardholders who link their Walmart credit card account to Walmart Pay can enjoy an introductory offer and can earn 5% back on in-store purchases.

These bonuses vary in the length of time that they are available as well as the type of benefits they bring.

For example, in October 2019, for Walmart Rewards cards, the bonus consisted of a 5% return in Walmart stores. This bonus was applicable for the first 12 months.

However, there is no guarantee that these terms and offers will be the case for future promotions.

Walmart Credit Card Terms & Fees

The two Walmart credit cards do not offer the same conditions to its cardholders. But one thing that both cards have in common is that they have zero annual fees.



table comparing Walmart credit cards
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Walmart Rewards card tends to have a higher APR than the Mastercard. Walmart Rewards Mastercard’s APR fluctuates between 17.99% and 26.99% while Walmart Rewards Card tends to be 26.99%. These are all considered high interest rates.

Both cards have late fees that go up to $39.

Minimum Credit Score Necessary

When applying for the store card, you will be required to give information about your credit score. Your credit history will also determine which type of card you will receive.

Walmart has not released the exact weight of an applicant’s credit score in their algorithm. However, it is estimated that customers need a credit score of 640 or higher to get a new credit card approved.

On the other hand, a CNBC report, a representative from the reassured that Walmart creates cards for everyone, which means you may not need an excellent credit history.

Their credit score criteria are definitely broad.

But what is known is that a high credit score increases your creditworthiness to be given priority for the Mastercard over other applicants.

The factors it in when making a decision on your application. For them, the available credit score information serves as a way to measure the probability (or lack thereof) that you will make timely payments on your credit loans.

How To Apply For a Walmart Credit Card

Getting a Walmart Credit card involves a few steps, but it’s easy.

The first thing you need to do is to make sure that you meet all the requirements. You must be 18+, have a social security , a mailing address, and a decent credit score. You can always review your credit reports to ensure they won’t find any problems there.

Once you have everything ready to go, you just need to submit your application — which can be online using your mobile device or in-store. Upon entering the website, you will be prompted to click on an icon to apply for a credit card.

Once you have done so, you will have to complete a form in which you need to insert some of your personal data.

This includes specific information such as:

  • Phone
  • Place of permanent address
  • Total annual income
  • Mortgage/Rent
  • Preexisting loans
  • Types of bank accounts

When you have completed the form, you submit it and Walmart’s staff will review your application for one of their credit cards.

You will first be considered for the Walmart Rewards Mastercard®. If you are deemed ineligible for the card, you will then be considered for the Walmart Rewards card.

Keep in mind that it takes between 7 to 10 days for a Walmart Credit Card to be approved.

Making The Most Of Your Card

Although Walmart Credit cards have their benefits, they are only as good as you can take advantage of them.

Otherwise, if you are not strategic about how you use them, you will not reap the rewards that they can bring to you.

’s how you can maximize your card:

  • Purchase groceries – When shopping at, you should take advantage of the Walmart Grocery Pickup & Delivery . Every time you check out your shopping cart, you rack up rewards points. Therefore, instead of going to the grocery store, invest your money in getting groceries from Walmart.
  • Use it at and gas stations – Every time you eat out at a restaurant that accepts credit cards, use your Walmart card to pay. Granted, this applies only to users who have a Walmart Mastercard. However, if this is you and you are someone who eats out often, make the most out of your dollars spent by winning reward points in the process.
  • Pay for travel expenses – If you have a Mastercard, use it to pay for hotels and flights on your next . As mentioned, you get 2% back in rewards points on the total cost you spend on each bill. Therefore, if you are a frequent flyer, you can kill two birds with one stone by paying for your flights and earning points at the same time.

In general, the key to getting the most out of both Walmart’s cards is to use them as much as possible.

Granted, percentage returns on items you purchase are small.

However, the more you use your card to make everyday purchases the more you will realize how fast your redeemable points go up.

Who Should Sign Up for a Walmart Credit Card

People across all walks of life will find using a Walmart Credit card to be beneficial.

One particular group is persons who have a lot of monthly expenses.

People who have to repay mortgages and loans love credit programs.

This is because they give them the flexibility to purchase items that they need without shaving off too much of their monthly disposable income.

For example, employees who are repaying student loans derive benefit from a Walmart visa.

Let’s take a look at how they combine student loan repayment strategies with their Walmart Credit card.

Walmart Credit Card- The Bottom Line

Getting a Walmart credit card is a decision that every shopper should consider.

Owning one can bring several benefits to the cardholder, especially if they have a lot of additional monthly expenses to juggle.

However, it’s important to remember that what makes the cards great isn’t the benefits they bring: rather, it’s how you use it to reap those benefits to the max.

Be sure to use this card as much as possible to earn reward points fast and take advantage of the offers that Walmart gives its shoppers.