Four Reasons to Get the Walmart Credit Card

Information about these card have been collected independently by The Simple Dollar. The issuer did not provide the details, nor is it responsible for their accuracy.

Walmart is one of the largest and most frequently used retailers in the US.

Walmart currently offers two credit card options to its shoppers: the Walmart Rewards Card and Capital One Walmart Rewards Mastercard. The main difference between the two is that one can only be used at Walmart, while the other can be used to make purchases anywhere. The good news for you is the benefits of each card are virtually identical.

Here’s what to expect when you apply for a Walmart Rewards Card or Capital One Walmart Rewards Mastercard.

In this article

    Walmart Rewards Card and Capital One Walmart Rewards Mastercard

    • Both cards have no annual fee and cardholders will earn unlimited:
    • 5% back on purchases at, inclusive of Walmart Grocery Pickup and Delivery
    • 5% back on in-store purchases when using Walmart Pay for the first 12 months after approval as a special introductory offer
    • 2% back on Walmart purchases in stores outside of the introductory offer
    • 2% back on restaurants and travel, and 1% percent back everywhere else with the Capital One Walmart RewardsMastercard
    • The ability to redeem rewards at any time for travel, gift cards, during online checkout at, for recent purchases and statement credits
    • Online account management available through Capital One

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    Four Reasons to Like the Walmart Cards

    Save Rewards program, which grants varying amounts of cash back on certain types of purchases.

    Here four other big reasons to like these cards:

    #1: You get 5 percent off purchases.

    The main selling point of both the Walmart Rewards Card and Capital One Walmart Rewards Mastercard is that they offer 5 percent cash back on purchases. For the average family of four, that’s an average savings of over $100 per year.

    The only caveat is that in-store purchases don’t qualify unless you are using Walmart Pay for the first 12 months after approval. So, if you use your card at a physical Walmart store, you’ll get the standard 2 percent back, as you would with a purchase at any other store.

    #2: Rewards can be earned on Grocery Pickup.

    Walmart’s Grocery Pickup service allows customers to order and pay for their groceries online and pick them up in-store, and the 5% cash back offer works on these purchases.

    #3: There’s no annual fee.

    Neither card carries an annual fee. So you won’t have to make any calculations to decide if the benefits are worth the cost.

    #4: Free FICO® Score reporting.

    US federal law allows you to get a free FICO credit report once every 12 months. With a Walmart credit card, you’ll get the same reporting monthly via your electronic statement. This is a fairly standard feature for credit cards nowadays, but still a nice feature to have.

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    Holly Johnson

    Contributing Writer

    Holly Johnson is a frugality expert and award-winning writer who is obsessed with personal finance and getting the most out of life. A lifelong resident of Indiana, she enjoys gardening, reading, and traveling the world with her husband and two children. In addition to The Simple Dollar, Holly writes for well-known publications such as U.S. News & World Report Travel, PolicyGenius, Travel Pulse, and Frugal Travel Guy. Holly also owns Club Thrifty.